XAUUSD (the Gold) saw a lift as the yellow metal moved away from the critical 4000 support.
As the market remains volatile, with all eyes on Iran’s next move, prices look to break the 4100 level. Only a break above 4100, the top range of the current spike, might put the precious metal back on track towards 4140. Otherwise, a fall back towards the fresh support of 4000 would open the door to 3960.
USDCAD steadily climbing higher
The Canadian dollar attempts to turn around a potential fightback from the greenback.
The pair remains under pressure, as an 80-pip move higher has hit resistance after a rejection at 1.4080. The buy side is attempting to continue the drive, which saw a bounce from the 1.4000 region. A break past the current resistance at 1.4080 could see a continuation, with 1.4150 the next target for buyers. NZDUSD another higher high
The American dollar looks to fight back against most of its competitors as sentiment shifts again.
The price has been moving higher after a continuous upshift in price action for the majority of this month. 0.5820 is the latest support, and its breach would trigger a reversal of liquidation and make 0.5760 the next target. 0.5900 is fresh resistance, as an overbought RSI leads to a bearish divergence.
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Magnolia Oil & Gas (NYSE:MGY) said it has agreed to acquire WildFire Energy for approximately $4.06 billion, a transaction management described as a strategic bolt-on that will substantially expand Magnolia’s position in the Giddings field and create what it called the premier Eagle Ford/Austin Chalk operator in South Texas.
Chris Stavros, Magnolia’s Chairman, President and Chief Executive Officer, said on a conference call that the WildFire acquisition “more than doubles” Magnolia’s existing acreage position in the Giddings field and reflects the company’s long-standing acquisition criteria, including operational overlap, financial attractiveness and resource upside.
“The WildFire acquisition greatly enhances Magnolia’s position by extending our runway of advantage to high return profitability and significant free cash flow generation,” Stavros said.
Deal Structure and Acreage Expansion The company said the purchase price will be funded with a mix of cash and equity, including 32.2 million shares of Magnolia Class A common stock issued to WildFire’s owners. Magnolia will also assume WildFire’s $600 million of outstanding notes due in 2029. The remaining amount is expected to be funded through cash on hand and a balanced mix of debt and new common equity.
Magnolia said it has obtained committed financing and amended and increased its secured credit facility to a $2 billion borrowing base, with elected commitments of $1.75 billion contingent upon closing. The transaction has been unanimously approved by Magnolia’s board and is expected to close late in the third quarter.
The acquisition adds roughly 810,000 net acres, bringing Magnolia’s pro forma acreage position to nearly 1.3 million net acres across more than 1.5 million gross acres. Stavros said the deal effectively consolidates most of the Giddings field and surrounding area. He added that, on a pro forma basis, Magnolia’s acreage position would be the largest in the South Texas Eagle Ford/Austin Chalk trend and almost 80% larger than the second-place operator.
Production, Reserves and Synergies WildFire’s assets produced approximately 53,000 barrels of oil equivalent per day in the second quarter of 2026, including 37,000 barrels per day of oil. Magnolia said total pro forma second-quarter production would have been 159,000 barrels of oil equivalent per day, including 79,000 barrels per day of oil, with an oil mix of about 50%.
Stavros said WildFire’s production carries an estimated low base decline rate of approximately 29%. He also said Magnolia’s pro forma oil production increases by 89% to nearly 80,000 barrels per day, while total proved developed reserves rise 84% to more than 300 million barrels of oil equivalent. Proved developed oil reserves increase approximately 155%, with the overall proved developed oil mix rising to roughly 54%.
Magnolia expects annual cost savings and synergies of at least $100 million on a run-rate basis by the end of 2027, with an estimated present value of approximately $700 million. Stavros said the expected improvements fall into three areas:
Drilling, completions and facilities, representing about 60% of expected synergies; Field operations, representing about 20%; Corporate G&A, representing about 20%. He said corporate G&A and field operations savings are expected to approach their full run rate by mid-2027. Additional operational benefits are expected from longer lateral lengths, Magnolia’s supply chain and logistics pricing, shared infrastructure and Magnolia’s drilling and completion expertise.
The WildFire assets also include approximately 500 miles of gas gathering pipelines in Giddings and a local sand mine. Stavros said the sand mine currently supplies frac sand consumption for both Magnolia’s Giddings operations and WildFire, while also supporting third-party sales.
Capital Returns and Debt Reduction Magnolia said the transaction is expected to be highly accretive to key financial metrics, including cash flow and free cash flow per share, operating margins, earnings per share and net asset value. Citing the expected increase in free cash flow, Magnolia raised its quarterly dividend by 9% to $0.18 per share, payable in the third quarter. Stavros said this is the company’s second dividend increase of the year, following a 10% increase announced in January.
The company expects to continue repurchasing at least 1% of outstanding shares per quarter after the transaction closes. Stavros said Magnolia has returned approximately $2 billion to shareholders since its inception eight years ago, or roughly 40% of its market value.
Management said leverage will initially rise because of the acquisition, but Magnolia expects to use free cash flow beyond its shareholder return program to reduce debt. Stavros said the company expects to reach roughly 1x or less net debt to EBITDA by year-end 2027 and plans further debt reduction over time.
At recent strip prices, Magnolia estimates the combined business could generate more than $4.5 billion in cumulative free cash flow over the next 4.5 years through 2030.
Operational Outlook and Analyst Questions During the question-and-answer session, Stavros said Magnolia expects to initially take on WildFire’s two rigs and one completion crew after closing, effectively doubling Magnolia’s activity level in that respect. He said the company will evaluate whether it can improve efficiencies after the deal closes.
Asked about development targets, Stavros said Magnolia expects a broad mix of Austin Chalk and Eagle Ford activity, with Woodbine development potentially added later. He said WildFire’s Eagle Ford wells are shallower and lower cost, which should benefit Magnolia’s capital program.
On lateral lengths, Stavros said WildFire’s average laterals have been around 8,000 to 8,500 feet, while Magnolia expects many future wells could move toward 10,000 to 15,000 feet where acreage adjacency allows.
Stavros also said Magnolia inherited some hedges on a portion of WildFire’s oil production that provide “a comfortable floor” into 2027. He said Magnolia may opportunistically add hedges given recent oil-price volatility and the company’s increased debt position after the deal.
Magnolia also reported preliminary second-quarter standalone production of approximately 106,000 barrels of oil equivalent per day, with oil production of roughly 42,000 barrels per day. Drilling and completion capital for the quarter was $125 million, and the company ended the quarter with $296 million in cash. Based on stronger second-quarter production, Magnolia raised its full-year 2026 standalone production growth guidance to 6% from 5%.
About Magnolia Oil & Gas (NYSE:MGY) Magnolia Oil & Gas Corp (NYSE: MGY) is an independent exploration and production company focused on the acquisition, development and optimization of onshore oil and gas assets in South Texas. Headquartered in Houston, the company concentrates its efforts on the Eagle Ford Shale, where it holds significant working interests in key producing counties.
The company’s core operations center on horizontal drilling and multi-stage completions designed to extract light crude oil, natural gas and natural gas liquids (NGLs).
Shares of Korn/Ferry International (NYSE:KFY – Get Free Report) have been given an average rating of “Moderate Buy” by the five research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $78.50.
KFY has been the subject of a number of recent research reports. Truist Financial lifted their price objective on shares of Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Weiss Ratings raised Korn/Ferry International from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, June 23rd. Robert W. Baird lifted their price target on Korn/Ferry International from $84.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, June 24th. Wall Street Zen lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, UBS Group increased their price objective on Korn/Ferry International from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, June 24th.
Get Our Latest Stock Analysis on Korn/Ferry International
Korn/Ferry International Price Performance NYSE KFY opened at $78.13 on Friday. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.97 billion, a PE ratio of 14.91 and a beta of 1.21. Korn/Ferry International has a 52 week low of $58.95 and a 52 week high of $79.97. The firm’s 50-day simple moving average is $70.88 and its two-hundred day simple moving average is $66.91.
Korn/Ferry International (NYSE:KFY – Get Free Report) last posted its earnings results on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.03. The firm had revenue of $768.26 million during the quarter, compared to the consensus estimate of $743.35 million. Korn/Ferry International had a net margin of 9.44% and a return on equity of 14.34%. The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the company earned $1.32 earnings per share. Korn/Ferry International has set its Q1 2027 guidance at 1.320-1.380 EPS. Research analysts predict that Korn/Ferry International will post 5.75 earnings per share for the current year.
Korn/Ferry International Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Monday, July 6th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, July 6th. Korn/Ferry International’s dividend payout ratio is presently 41.98%.
Institutional Trading of Korn/Ferry International A number of hedge funds and other institutional investors have recently bought and sold shares of KFY. Russell Investments Group Ltd. raised its position in shares of Korn/Ferry International by 0.5% in the 4th quarter. Russell Investments Group Ltd. now owns 31,860 shares of the business services provider’s stock worth $2,103,000 after acquiring an additional 167 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Korn/Ferry International by 3.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,583 shares of the business services provider’s stock valued at $369,000 after purchasing an additional 178 shares in the last quarter. Vise Technologies Inc. boosted its position in shares of Korn/Ferry International by 2.9% during the third quarter. Vise Technologies Inc. now owns 6,378 shares of the business services provider’s stock valued at $446,000 after purchasing an additional 179 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in Korn/Ferry International by 0.7% in the fourth quarter. Illinois Municipal Retirement Fund now owns 27,555 shares of the business services provider’s stock worth $1,819,000 after purchasing an additional 181 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its holdings in Korn/Ferry International by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,013 shares of the business services provider’s stock worth $793,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 98.82% of the company’s stock.
About Korn/Ferry International (Get Free Report)
Korn Ferry International is a global organizational consulting firm that partners with clients to design optimal structures, roles and responsibilities. The company’s core offerings include executive search, talent acquisition, leadership development and succession planning. By blending deep industry expertise with data-driven insights, Korn Ferry helps organizations identify, assess and develop executives and high-potential talent for critical roles.
Since its founding in 1969 and with headquarters in Los Angeles, Korn Ferry has expanded its presence to more than 50 offices across North America, Europe, Asia Pacific and Latin America.
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Armstrong World Industries (NYSE:AWI – Get Free Report) announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, July 21st, RTT News reports. The company plans to buyback $800.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 12.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.
Armstrong World Industries Trading Down 0.6% NYSE AWI opened at $151.35 on Wednesday. Armstrong World Industries has a 1 year low of $150.28 and a 1 year high of $206.08. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.54 and a quick ratio of 1.04. The company has a market capitalization of $6.46 billion, a PE ratio of 21.47, a P/E/G ratio of 1.65 and a beta of 1.17. The company has a fifty day moving average of $156.57 and a 200 day moving average of $171.58.
Armstrong World Industries (NYSE:AWI – Get Free Report) last posted its earnings results on Tuesday, April 28th. The construction company reported $1.69 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.13). Armstrong World Industries had a return on equity of 36.71% and a net margin of 18.59%.The company had revenue of $409.90 million for the quarter, compared to analyst estimates of $409.46 million. During the same period last year, the business earned $1.66 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. Armstrong World Industries has set its FY 2026 guidance at 8.150-8.450 EPS. Research analysts forecast that Armstrong World Industries will post 8.31 earnings per share for the current year.
Armstrong World Industries Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 11th were given a dividend of $0.339 per share. The ex-dividend date was Monday, May 11th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.9%. Armstrong World Industries’s dividend payout ratio (DPR) is 19.29%.
Analysts Set New Price Targets Several research firms have recently commented on AWI. UBS Group reduced their price target on Armstrong World Industries from $200.00 to $195.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Weiss Ratings downgraded Armstrong World Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Bank of America cut their target price on Armstrong World Industries from $216.00 to $210.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Finally, Evercore set a $200.00 target price on shares of Armstrong World Industries in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Armstrong World Industries currently has an average rating of “Moderate Buy” and a consensus target price of $211.86.
Get Our Latest Report on Armstrong World Industries
Armstrong World Industries Company Profile Get Free Report)
Armstrong World Industries, Inc is a leading global manufacturer of commercial ceiling and wall solutions. The company offers a diverse portfolio of acoustical, decorative and specialty ceiling systems designed to enhance interior environments in offices, healthcare facilities, schools, retail outlets and other non-residential settings. Through its focus on performance, aesthetics and sustainability, Armstrong World Industries addresses both functional and design requirements for architects, contractors and building owners.
Armstrong’s product range includes mineral fiber, fiberglass, wood wool, metal and stone wool ceiling panels, as well as suspension and grid systems.
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Německé akcie, měřené indexem DAX, v úvodu středečního obchodování nepatrně posilují.
Výrobce letadel a letecké techniky Airbus (+5,7 %) představil své finanční cíle pro nadcházející roky, včetně cíle pro očištěný zisk EBIT společnosti pro rok 2029 ve výši 12 až 13 mld. EUR, a zároveň oznámil plán zpětného odkupu akcií v hodnotě 5 mld. EUR. Tento výhled znamená, že Airbus do roku 2029 dokáže téměř zdvojnásobit svůj provozní zisk díky překonání přetrvávajících výrobních problémů. Společnost sdělila, že má ambici zvýšit svůj tržní podíl u širokotrupých letadel. Model A330 hodlá v roce 2029 vyrábět tempem 5 kusů měsíčně a model A350 v roce 2028 tempem 12 kusů měsíčně. Populární rodina modelů A320 dosáhne v roce 2027 tempa 70 až 75 kusů měsíčně a menší model A220 v roce 2028 dosáhne 13 kusů měsíčně. Airbus je rovněž ochoten přistoupit k významným akvizičním dohodám, aby naplnil své ambice vyšších tržeb a zisků. Možné oblasti akvizic by se mohly týkat služeb, i když společnost zdůraznila, že případné transakce by nebyly svou velikostí transformační.
Analytik Ross Law z Morgan Stanley uvedl, že tato aktualizace vysílá silný signál, a vidí potenciál pro růst nad rámec výhledu pro rok 2029. Jde podle něj o pozitivnější aktualizaci, než se očekávalo, která ukazuje důvěru vedení i viditelnost v růstovém výhledu, přičemž největším překvapením je zpětný odkup akcií. Přestože jsou odhady analytiků vyšší než cílový EBIT společnosti, vnímá tento cíl pouze jako pomyslné dno.
Dodavatel systémů pro potravinářský, nápojový a farmaceutický průmysl GEA Group (+6,2 %) vykázal za 2Q předběžné tržby ve výši 1,44 mld. EUR, což překonalo očekávání 1,38 mld. EUR. Předběžný očištěný zisk EBITDA dosáhl 250 mil. EUR, taktéž nad odhady 234 mil. EUR při očištěné EBITDA marži 17,4 % (nad konsensem 16,9 %). Předběžný objem nových zakázek činil 1,49 mld. EUR. Společnost také navýšila celoroční výhled, přičemž letos očekává organický růst tržeb ve výši +6 % až +8 % (dříve +5 % až +7 %) a očištěnou EBITDA marži v rozmezí 17,0 až 17,4 % (původně 16,6 % až 17,2 %, trh projektoval 17,0 %).
Index DAX +0,08 % na 25 031,79 b. Nejsilnější akcie Změna Nejslabší akcie Změna GEA Group AG (G1A) +6,2 % Scout24 SE (G24) -2,2 % Airbus (AIR) +5,7 % HOCHTIEF AG (HOT) -1,9 % MTU Aero Engines (MTX) +1,5 % SAP (SAP) -1,1 % RWE (RWE) +0,9 % Bayer (BAYN) -1,1 % Allianz (ALV) +0,8 % Volkswagen (VOW3) -1,1 % Zdroj: Bloomberg
Doximity (NYSE:DOCS – Get Free Report) and OBOOK (NASDAQ:OWLS – Get Free Report) are both services companies, but which is the better investment? We will compare the two businesses based on the strength of their valuation, risk, analyst recommendations, profitability, institutional ownership, dividends and earnings.
Analyst Recommendations This is a summary of current ratings for Doximity and OBOOK, as reported by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Doximity 3 13 6 2 2.29 OBOOK 1 0 1 0 2.00 Doximity presently has a consensus target price of $29.33, suggesting a potential upside of 39.73%. OBOOK has a consensus target price of $11.00, suggesting a potential upside of 101.83%. Given OBOOK’s higher possible upside, analysts clearly believe OBOOK is more favorable than Doximity.
Profitability This table compares Doximity and OBOOK’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Doximity 30.40% 20.40% 17.43% OBOOK N/A N/A N/A Institutional and Insider Ownership 87.2% of Doximity shares are owned by institutional investors. 31.8% of Doximity shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
Earnings & Valuation This table compares Doximity and OBOOK”s top-line revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Doximity $644.86 million 5.95 $196.05 million $0.99 21.21 OBOOK $7.86 million 61.25 -$31.85 million N/A N/A Doximity has higher revenue and earnings than OBOOK.
Summary Doximity beats OBOOK on 10 of the 12 factors compared between the two stocks.
About Doximity (Get Free Report)
Doximity, Inc. operates a cloud-based digital platform for medical professionals in the United States. The company’s cloud-based platform provides its members with tools built for medical professionals, enabling them to collaborate with their colleagues, coordinate patient care, conduct virtual patient visits, stay up-to-date with the latest medical news and research, and manage their careers. It primarily serves pharmaceutical companies and health systems. The company was formerly known as 3MD Communications, Inc. and changed its name to Doximity, Inc. in June 2010. Doximity, Inc. was incorporated in 2010 and is headquartered in San Francisco, California.
About OBOOK (Get Free Report)
Our mission is to use blockchain technology to provide businesses with more reliable and transparent data management, to reinvent global flow of funds for businesses and consumers and to lead the digital transformation of business operations. We believe in the power of blockchain technology and have focused on leveraging it to optimize and in some cases transform the way enterprises operate. Established in 2010 in Taiwan, we operate as the OwlTing Group and have delivered solutions to various industries and are expanding actively into multiple markets including the United States, Japan, Singapore, Hong Kong, Malaysia and Thailand, as well as jurisdictions in South America and the EU. Through our e-commerce, hospitality and payments offerings, we are committed to serving businesses and individuals whose commercial activities involve cross-border transactions. From our earliest days with our product OwlTing Market™, our e-commerce platform that was designed to connect local Taiwanese farmers and merchants with their customers, we have worked closely with the merchants on our platform and come to understand their business pain points. Our OwlTing Blockchain Services™ emerged from such business understanding, and we have aimed to build a blockchain traceability solution that empowers organic farmers with better transparency of their business and operations, which can be extended to other use cases. By building our expertise in blockchain ledger transaction models, we concluded that the prevention of double spending with the use of timestamps and proof of work could also be utilized in the hospitality industry, which faces the need to address double-booking problems. We thus expanded into the hospitality sector in 2018 by offering innovative solutions to hotels and other hospitality industry customers through our platforms, including the OwlNest™ hotel property management system, or PMS, that leverages blockchain technology to prevent double bookings. We also launched the OwlJourney™, an online travel agency, or OTA, platform that benefits from accurate real-time inventory data from integration with OwlNest’s inventory system, to empower travel service providers with optimized efficiencies. In addition, our OwlTing Experiences™, also an OTA, focuses on offering curated local activity and tour options for lodging guests, enriching their travel experiences beyond accommodations. As we further developed our presence in the hospitality industry, we also gained a first-hand understanding of the challenges of cross-border payments faced by our hospitality clients. We saw the issues faced by our hospitality clients and their two most prominent pain points in the payment process: high processing costs from cross-border transactions and delayed settlement from the payers, including large OTAs. In response, we launched OwlPay™ in 2023 intending to enable businesses in the hospitality sector and beyond to use stablecoins and/or fiat currency in payouts to global suppliers. OwlPay is an application programming interface, or API, based payment suite with secure, real-time and cost-effective one-stop payment solutions covering a range of services from payment gateway to business payout. Using blockchain technology and developer-friendly APIs for integration, OwlPay aims to payments for both businesses and consumers. OwlPay is a full-stack payment service suite that supports multiple payout settlement routes, not only in fiat currency but also in stablecoin USD Coin (“USDC”) backed by U.S. dollar-denominated assets, through various product offerings. We currently offer various solutions for both platform solutions that provide user interfaces to our end users and infrastructure solutions that support third-party providers, through OwlPay Payment, OwlPay Wallet Pro and OwlPay Harbor within the OwlPay suite. OwlPay Payment provides user interfaces that offer services ranging from payment gateway to various payout solutions in stablecoin and fiat currencies. OwlPay Wallet Pro is a platform product that provides a hosted wallet for business customers and an unhosted wallet for individual users, supporting stablecoin on/off-ramp services and enabling both business and individual customers to receive and send money both domestically and internationally within minutes, with stablecoins over the public blockchain ledgers Ethereum, Avalanche, Polygon, Optimism, Arbitrum and Stellar. In addition, OwlPay Wallet Pro recently introduced a digital gift card service in the U.S., allowing users to purchase and redeem gift cards directly with USDC, thereby extending the everyday utility of stablecoins in retail and consumer payments. We also provide an infrastructure solution: OwlPay Harbor—our proprietary API packages—provides the functionalities of payment gateway collection of customers fund via stablecoins, on/off-ramp between fiat currencies and stablecoins, cross-chain transactions between USDC across different blockchains, and payout capabilities, empowering third-party wallet providers, financial institutions, and platform operators requiring cross-border payment solutions to offer stablecoin-based payment gateways, on/off-ramp services, cross-chain transactions, and payouts to their end users by leveraging our infrastructure. We currently provide these API packages across multiple blockchains, including EVM-compatible networks, the Solana network, and the Stellar network, where we serve as a “Stellar Anchor”. We also plan to provide Wallet-as-a-Service (WaaS), allowing enterprises to customize and deploy wallets for their end users. For our end customers holding a wallet with our OwlPay Wallet Pro, we provide the on/off-ramp services to facilitate conversion between USDCs and U.S. dollars, both directly interfacing our products and through our third-party collaborators and service providers, MoneyGram and MoonPay. For business customers that wish to leverage USDC, we offer on/off-ramping services via wire transfers and automated clearing houses (“ACH”). For individual customers, we offer on/off-ramping services via wire transfers and ACH, as well as via cash and credit card leveraging our collaborations with MoneyGram and MoonPay, respectively. We plan to further expand our on/off-ramping capabilities via debit cards using VISA Direct. Such conversion services are also available to customers of third-party wallet providers or financial institutions using OwlPay Harbor, our proprietary API package that enables third-party users to access our conversion capabilities, between fiat currencies and stablecoins, as well as between USDC across different blockchains (which also integrates stablecoin-based payment gateway solutions and payout capabilities). All transactions are within standard security and compliance infrastructure on par with a traditional financial institution. To make transactions more convenient for our OwlPay Wallet Pro customers on supported blockchains, we handle the payment of the gas fees (which are transaction fees paid for executing transactions on a blockchain network, typically paid in the digital asset native to such blockchain network) incurred on these blockchains on behalf of our OwlPay Wallet Pro customers for certain types of customers and transactions, so that these customers do not need to hold the native digital assets of the transaction chain. We currently support OwlPay Wallet Pro’s customers to send, receive and hold USDC, EURC, ZUSD, and GYEN and the conversion between USD and USDC. Additionally, for individual customers, we also support sending, receiving and holding native digital assets. OwlPay Wallet Pro recently introduced a digital gift card service in the U.S., allowing users to purchase and redeem gift cards directly with USDC, thereby extending the everyday utility of stablecoins in retail and consumer payments. OwlPay’s customers are currently able to access various fiat currency and USDC payment options and perform these payment transactions within OwlPay suite. We plan to expand OwlPay Wallet Pro services to support more blockchains, including Base, and plan to diversify our stablecoin offering to enable a broader set of conversion corridors between fiat currencies and stablecoins, as well as to facilitate foreign exchange transactions using stablecoins in the future. We have also rolled out our OwlPay Harbor services to other participants in the digital asset economy and payment industry, including serving as a “Stellar Anchor” for on/off-ramping USDC on Stellar to third parties on the Stellar Network and supporting EVM-compatible blockchains and Solana. OwlPay is designed to simplify backend financial operations and cross-border transactions. For potential business clients without in-house technical teams to support system integration but requiring payment gateway and cross-border payout services, we offer OwlPay Payment—an user interface solution that seamlessly connects with their bank accounts/wallets, facilitating vendor and order management, mass payouts, real-time exchanges and automated payment processes using fiat currency and USDC. The payout transactions are signed using hardware security module technology, a specialized security device used to manage, process and store digital keys securely, in order to ensure cryptographic operations are performed within a tamper-resistant environment. All of these features enhance the payment experience for businesses, especially SMEs that have limited scale of operations but still require efficient cross-border payment solutions. Beyond business clients, we expect to further develop and release services for individual customers that would integrate payment services offered by card networks, such as VISA Direct, to provide our individual customers a convenient way to send funds from a bank or card account to another party’s card or bank account within the same card network. Within the OwlPay suite, our customers can access various fiat currency and USDC payment options and seamlessly perform transactions through different solutions, and we believe we are an early mover to provide the one-stop service framework which enables businesses to collect payments from end-users and make payments to vendors, with the flexibility to settle transactions in either fiat currency or USDC and enables individuals a simpler, more convenient and faster way to perform cross-border transactions and remittances. According to CB Insights’ latest Stablecoin Market Map, OwlTing is ranked among the top 2 global players in the “Enterprise & B2B” category, earning a high Mosaic score of 832—underscoring its leadership in blockchain-powered financial infrastructure for businesses. OwlPay for its business customers supports B2B stablecoin transactions via a hosted wallet infrastructure and a comprehensive suite of services, including stablecoin payment gateway services, on/off-ramp capabilities, cross-chain transfers and payout services. These services enable key use cases such as e-commerce payments, cross-border remittances, payroll, and treasury management. The Mosaic score—CB Insights’ proprietary metric evaluating market opportunity, momentum, and financial strength—highlights OwlTing’s strong market positioning and growth potential in the enterprise stablecoin ecosystem. OwlPay continues to build multi-jurisdictional capabilities and aims to expand its service offerings internationally. For example, we currently hold money transmitter licenses, or MTLs, in 35 states in the United States and the Virtual Asset Service Provider, or VASP, registration in Poland, and the Electronic Payment Instrument Service Provider, or EPISP, registration in Japan. We are in the process of applying for MTLs in remaining states in the United States, an Electronic Money Institution (EMI) license in the EU, a fund transfer service license and a stablecoin license in Japan, a major payment institution license in Singapore and a money service operator license in Hong Kong; and we expect to upgrade the qualification as a Crypto Asset Service Provider, or CASP, under Markets in Crypto-Assets Regulation (MiCAR) in the EU. We also plan to further expand to Brazil, Argentina and other markets in South America where we could provide virtual asset services without being subject to licensing requirements. We believe our payment business powered by blockchain technology will be the most significant driver of our future business expansion plans. Our OwlPay services have historically been focused on processing transactions in fiat currencies, and no revenues for the years ended December 31, 2023 and December 31, 2024 were generated from OwlPay Harbor and OwlPay Wallet Pro. As we continue to roll out OwlPay Harbor and OwlPay Wallet Pro and expect market adoption of stablecoins to increase, we believe OwlPay Harbor and OwlPay Wallet Pro would enhance the breadth of our OwlPay services and strengthen our market position in digital asset payment solutions. We further believe our expansion into new products and markets from our current customer-centric businesses will enable us to capture cross-selling opportunities with our existing relationships in the e-commerce and hospitality industries, and to grow into a comprehensive cross-border payment solution suite and business ecosystem. For the year ended December 31, 2024, our company’s total revenue was comprised of our operations in the following main business segments: (i) Payments contributed to 53% of our total revenue; (ii) Hospitality (which include software services and platform services) contributed to 37% of our total revenue; and (iii) E-commerce contributed to 10% of our total revenue. Obook Holdings Inc. is located in Taipei City, Taiwan, Republic of China.
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Domino’s Pizza (NASDAQ:DPZ) executives said second-quarter U.S. demand remained strong in terms of order counts, but a weaker-than-expected ticket dragged on same-store sales as the company lapped last year’s Stuffed Crust Pizza launch.
On the company’s rescheduled second-quarter 2026 earnings call, Chief Executive Officer Russell Weiner said the company grew order counts “meaningfully” across both delivery and carryout, even as the broader quick-service restaurant industry faced pressure from macroeconomic uncertainty and heightened competition. However, he said same-store sales fell short of expectations because the company’s premium series and Slice Sauce promotion did not resonate with customers enough to offset the prior-year benefit from Stuffed Crust.
“The miss on ticket was largely within our control, which means we can and will address it moving forward,” Weiner said.
Leadership Transition Announced The call also featured comments from Joe Jordan, Domino’s incoming CEO. Weiner said the board unanimously elected Jordan, who has spent 15 years with the company and most recently served as chief operating officer. Jordan is expected to become CEO in October, while Weiner said he will transition to executive chairman next year.
Jordan said Domino’s priorities remain focused on serving customers with food, value and experience, supporting franchisees and executing with discipline to drive long-term growth.
“We have an exceptional global franchise system, talented people, a culture of innovation and operational excellence, and a brand that continues to earn the trust of customers every day,” Jordan said.
Second-Quarter Sales Lifted by Store Growth, Pressured by Ticket Chief Financial Officer Sandeep Reddy said income from operations increased 2.6% in the second quarter, excluding foreign currency impacts and refranchising gains from the sale of certain U.S. company-owned store markets in the second quarters of 2026 and 2025. The increase was driven primarily by higher U.S. and international franchise royalties and fees, along with supply chain gross margin dollar growth tied to U.S. order count growth. Those gains were partially offset by higher general and administrative expenses related to the company’s biennial worldwide rally.
Global retail sales rose 3% excluding foreign currency, supported by nearly 1,000 net new stores over the past 12 months. U.S. retail sales increased 1.9%, driven primarily by net store growth, including 26 net new U.S. stores during the quarter. U.S. same-store sales rose 0.1%, with carryout comps up 1.1% and delivery comps down 0.7%. Pricing was up 0.2%.
Reddy said the U.S. comp reflected strong order count growth in the core business and continued growth through aggregator channels, offset by lower average ticket. The company said it believes QSR industry order counts were flat during the quarter, while Domino’s grew orders in total and separately in delivery and carryout.
Weiner said the company’s order count growth is central to its strategy because orders bring customers into its loyalty program and support the company’s supply chain business. He said Domino’s has more than doubled U.S. system orders since he joined the company at the end of 2008, contributing to market share gains, additional retail sales, net new stores and higher franchisee store-level EBITDA.
Aggregator Business and Product Innovation in Focus Executives highlighted continued growth on third-party delivery platforms. Weiner said Domino’s believes it is now the No. 1 pizza company on both Uber and DoorDash, while still seeing “a significant amount of growth ahead” to reach what it views as fair share on those platforms.
In response to an analyst question, Weiner said Domino’s prices at a premium on aggregators and aims to be profit neutral for franchisees. Reddy added that the company is being deliberate in pursuing aggregator growth to protect profitability, calling the channel “one more lever” to drive franchisee profitability.
Weiner also discussed the company’s “orchestration agent,” a back-of-house technology designed to time pizza production so orders are hotter when handed to delivery drivers or customers. He said the system applies to orders placed through Domino’s own channels as well as aggregators.
Domino’s is also preparing to launch a new pizza product later in the third quarter. Weiner said the product is intended to address an unmet consumer need and hit an occasion that the pizza category does not serve well today. He described it as “unlike anything we’ve offered before at Domino’s” and said customer testing showed it was one of the best-tasting products the company has tested.
The company has already changed its third-quarter promotional calendar, including adding Stuffed Crust to its Best Deal Ever promotion. Weiner said customer reaction indicated the change was the right move.
International Results Mixed International retail sales grew 4.1% excluding foreign currency, primarily due to net store growth over the past year, including 183 net new international stores in the quarter. International same-store sales declined 0.1%.
Reddy said international comps continued to be affected by Domino’s Pizza Enterprises, which remains focused on turning around its business, as well as macroeconomic and geopolitical uncertainty across global markets. Weiner said Domino’s is looking forward to working with Andrew Gregory, the incoming CEO of Domino’s Pizza Enterprises, and noted that China and India have continued to be standouts over time.
Guidance and Capital Allocation Domino’s maintained its expectation for U.S. same-store sales to increase in the low single digits for 2026, excluding the impact of a 53rd week. The company also continues to expect international same-store sales growth in the low single digits, including the benefit of the recently concluded World Cup soccer tournament.
The company adjusted its U.S. net store outlook to approximately 175 stores from its prior expectation of 175-plus, citing some pressure on the pipeline from macro conditions and a challenging start to the year that affected franchisee profitability. Domino’s continues to expect approximately 800 net new international stores and mid-single-digit global retail sales growth for the year.
Domino’s also maintained its expectation for mid- to high-single-digit operating income growth, excluding foreign currency, refranchising gains and the gain on the sale of its corporate aircraft.
Through the second quarter, Domino’s repurchased about 632,000 shares for $231 million year to date. Reddy said the company had approximately $1.23 billion remaining on its share repurchase authorization at quarter end and continues to expect to return meaningful cash to shareholders in 2026 and beyond.
About Domino’s Pizza (NASDAQ:DPZ) Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.
Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.
Williams Industries (OTCMKTS:WMSI – Get Free Report) and Granite Construction (NYSE:GVA – Get Free Report) are both construction companies, but which is the better investment? We will compare the two businesses based on the strength of their dividends, risk, analyst recommendations, institutional ownership, profitability, valuation and earnings.
Earnings and Valuation This table compares Williams Industries and Granite Construction”s gross revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Williams Industries N/A N/A N/A N/A N/A Granite Construction $4.42 billion 1.23 $193.00 million $3.47 35.96 Granite Construction has higher revenue and earnings than Williams Industries.
Profitability This table compares Williams Industries and Granite Construction’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Williams Industries N/A N/A N/A Granite Construction 3.99% 24.90% 7.64% Analyst Recommendations This is a breakdown of current recommendations for Williams Industries and Granite Construction, as reported by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Williams Industries 0 0 0 0 0.00 Granite Construction 1 2 2 1 2.50 Granite Construction has a consensus target price of $161.00, indicating a potential upside of 29.01%. Given Granite Construction’s stronger consensus rating and higher possible upside, analysts plainly believe Granite Construction is more favorable than Williams Industries.
Summary Granite Construction beats Williams Industries on 8 of the 8 factors compared between the two stocks.
About Williams Industries (Get Free Report)
Williams Industries, Incorporated manufactures and sells welded steel plate girders, rolled steel beams, stay-in-place bridge decking, and light structural and other metal products in the United States. The company also offers steel, precast concrete and miscellaneous metals erection and installation services, as well as rigging and specialized hauling services. It also rents cranes. The company provides its services and products for industrial, governmental, commercial, and institutional construction markets. Williams Industries, Incorporated was founded in 1970 and is headquartered in Manassas, Virginia.
About Granite Construction (Get Free Report)
Granite Construction Incorporated operates as an infrastructure contractor in the United States. It operates through two segments: Construction and Materials segments. The Construction segment engages in the construction and rehabilitation of roads, pavement preservation, bridges, rail lines, airports, marine ports, dams, reservoirs, aqueducts, infrastructure, and site development for use by the public and water-related construction for municipal agencies, commercial water suppliers, industrial facilities, and energy companies; and construction of various complex projects, including infrastructure/site development, mining, public safety, tunnel, solar storage, and power related projects. The Materials segment is involved in the production of aggregates, asphalt concrete, liquid asphalt, and recycled materials production for internal use in our construction projects and sale to third parties. It also offers site preparation, mining, and infrastructure services for residential development, energy development, commercial and industrial sites, railways, residential development, and energy development; and provides construction management professional services. It serves federal agencies, state departments of transportation, local transit authorities, county and city public works departments, school districts and developers, utilities, contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, brokers, and private owners of industrial, commercial, and residential sites. Granite Construction Incorporated was incorporated in 1922 and is headquartered in Watsonville, California.
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A ‘Scheme Hiding in Plain Sight’Taking to X in a recent video post, Scaramucci called the initiative a "scheme hiding in plain sight, and almost no one’s talking about it."
He directly accused the company of facilitating an uneven playing field for the financial sector at the direct expense of regular traders. "Truth Social is going to sell hedge fund managers millisecond advantages on Trump’s tweets so that they can front-run other people’s trades," Scaramucci warned.
Not a Loophole, But a FeatureInterim CEO Kevin McGurn embraced the platform’s financial influence as a selling point, stating, “Markets already move on Truth Social posts.” He added that the API advances their strategy to monetize assets through a “high-margin, recurring revenue stream.”
However, Scaramucci emphasized that this inequity is entirely by design. "It’s not a loophole, it’s a business model, and we’ve got 30 months left to live with it," he wrote. Expressing sheer disbelief in his video, Scaramucci remarked, "It’s unbelievable what’s actually going on. So I find it like driving 30 months in a lemon of a car. Time, guys."
Benzinga has reached out to Trump Media & Technology Group for comment on Scaramucci’s allegations but did not receive an immediate response.
How Has DJT Performed In 2026?DJT shares were down 25.83% year-to-date, but 15.67% higher over the last month, and down 48.99% over the year. It closed up 0.82% at $9.82 per share on Tuesday, and it was 0.61% lower in overnight trading.
Benzinga’s Edge Stock Rankings indicate that DJT maintains a strong price trend in the short and medium terms but a weak trend in the long term.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Tempus AI (NASDAQ:TEM) executives said the company’s planned acquisition of Personalis is intended to strengthen its position in minimal residual disease, or MRD, testing, while expanding its biopharma data and profiling capabilities.
On a call with analysts, Tempus said it agreed to acquire all outstanding shares of Personalis not already owned by Tempus at $16.25 per share. The company said the price represents a 6% premium to Personalis’ Friday closing price and a 28% premium to its unaffected 30-day volume-weighted average price.
The consideration is structured as 100% stock, though Tempus has the option to pay up to 50% in cash. Personalis shareholders would receive a floating exchange ratio of Tempus common stock for each Personalis share held at closing, subject to a maximum exchange ratio of 0.3356. Tempus said any cash portion could be financed with cash on hand and additional borrowing procured between signing and closing. The companies expect the transaction to close in late 2026 or early 2027.
Tempus Points to MRD Growth and Reimbursement Momentum Tempus said Personalis’ NeXT Personal offering has seen strong adoption, with quarter-over-quarter growth of 38%. The company said volumes could become “even more material and higher” as additional sales representatives are equipped to sell the offering and as more indications secure reimbursement.
In response to a question from Kallum Titchmarsh of Morgan Stanley, an executive identified as Eric said Tempus is “quickly gaining market adoption,” citing both overall growth in the MRD market and the performance of Personalis’ assay. He said Tempus expects to embed more of its technology into the MRD offering over time, including hospital connectivity, AI-enabled ordering tools and AI-derived insights.
Eric said Tempus has so far been selective in allowing its sales force to carry the MRD product, with roughly 10% of sales representatives currently involved. He said the company expects to expand that access as more indications receive reimbursement.
Why Tempus Says the Timing Is Right Asked by Kyle Mikson of Canaccord Genuity why Tempus is pursuing the acquisition now, Eric said the company had reviewed Personalis in 2023 but opted at that time for a commercial agreement because Personalis still faced several years of heavy investment. He said Personalis has since advanced the assay and is entering a phase in which coverage and reimbursement should improve the economics of the tests.
Eric said MRD assays can move from generating little or no revenue in certain uses to producing significant revenue after analytic validity, clinical validity, publication and MolDX approval requirements are met. He said Personalis is now entering that part of the cycle, and Tempus expects its financial profile to improve.
Jim Rogers, CFO and Treasurer of Tempus AI, said the company’s core business has “good tailwinds” from therapy selection volume growth and average selling price improvements. He said Tempus is generating incremental gross profit dollars and had already intended to reinvest a portion of that into the business, with MRD as a major investment area.
Data and Biopharma Opportunities Tempus said the Personalis portfolio also enhances its biopharma offering through profiling and immuno-oncology capabilities. The company highlighted the potential value of de-identified longitudinal MRD data, saying serial measurements can reveal disease dynamics, treatment response, resistance and recurrence, which may support biomarker discovery, patient selection and trial optimization.
Eric said the prior relationship between the companies gave Tempus broad clinical distribution rights, while Personalis retained its own biopharma business and data rights. After closing, he said Tempus expects to more tightly combine those capabilities, which he said could be “catalytic” to both companies’ pharma businesses.
Rogers added that Tempus already has a large biopharma data business and does sequencing for biopharma customers. He said integrating Personalis’ biopharma business with Tempus’ current offering could help expand overall relationships with biopharma clients.
Financial Targets Remain in Place Tempus said it will provide more detail on the transaction’s financial impact and outlook during its second-quarter earnings call on July 30. Despite the acquisition, the company said it intends to be adjusted EBITDA and free cash flow positive in 2027.
Asked about margins and reimbursement by Mark Massaro of BTIG, Eric said Tempus was not ready to provide extensive detail on Personalis’ business before a future update, but said Personalis is collecting clinical-side reimbursement dollars. He added that Tempus would not have agreed to the acquisition if it did not believe the margin profile would become “super healthy.”
Elizabeth Krutoholow, Tempus AI’s Vice President of Investor Relations, closed the call by thanking participants and said the company expects to speak with investors again on its July 30 second-quarter call.
About Tempus AI (NASDAQ:TEM) Tempus is a technology-driven healthcare company that applies artificial intelligence and machine learning to clinical and molecular data in order to advance precision medicine. Its primary focus lies in oncology, where the company offers comprehensive genomic profiling, digital pathology services and data-driven insights to inform personalized cancer care. By integrating DNA and RNA sequencing with structured clinical information, Tempus enables clinicians and researchers to identify targeted treatment options for patients based on the genetic characteristics of their tumors.
The company’s core offering centers on a scalable, cloud-based analytics platform that aggregates vast amounts of molecular and clinical data.
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MCLEAN, Va.--(BUSINESS WIRE)--As federal agencies rapidly adopt agentic AI systems capable of acting autonomously, a new Booz Allen survey released today reveals a growing gap between deployment and trust. The findings are featured in the latest issue of Velocity, Booz Allen's regular publication exploring emerging technology and mission innovation. This edition focuses specifically on how AI is transforming the mission and cyber technology stack and outlines the systems-level approach organiza.
NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced that the Company's management team will participate in the following investor conference: CG 46th Annual Growth Conference Date: August 11, 2026 Location: Boston, MA Webcast: Click here to register and listen to a live fireside at 4:30pm ET on August 11, 2026. About Pagaya Technologies Pagaya (NASDAQ: PGY) i.
GE Vernova Inc. (NYSE:GEV) will release its second quarter earnings report before the opening bell on Wednesday, July 22.
Analysts expect the Cambridge, Massachusetts-based company to report quarterly earnings of $3.19 per share, up from $1.86 per share in the year-ago period. The consensus estimate for GE Vernova’s quarterly revenue is $10.76 billion. It reported $9.11 billion last year, according to Benzinga Pro.
On July 7, GE Vernova, Hitachi, Samsung C&T and SGE signed an agreement over deployment of BWRX-300 SMR throughout Europe.
Shares of GE Vernova slipped 0.1% to close at $1,078.81 on Tuesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
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Equinor (OSE:EQNR, NYSE:EQNR) delivered an adjusted operating income* of USD 11.48 billion in the second quarter of 2026. Equinor reported a net operating income of USD 12.99 billion and a net income of USD 4.84 billion. Adjusted net income* was USD 3.22 billion, leading to adjusted earnings per share* of USD 1.33.
Delivering on strategy: more energy, growing cash flow and superior returns
Contracts awarded for first wave of NCS tie-back projectsStrategic transactions on the NCS to harmonise ownership and progress Ringvei VestFID taken for Greater PAJ in Angola
Strong production, cash flow and financial results
Production growth of 3%High value creation from asset-backed tradingCash flow from operations after taxes paid* of USD 7.7 billion
Capital distribution
Second quarter cash dividend of USD 0.39 per shareThird tranche of the share buy-back of up to USD 1,125 millionExpected share buy-back of USD 3 billion for 2026
Anders Opedal, President and CEO of Equinor ASA:
“Strong production in the second quarter enabled us to capture value from higher prices, contributing to strong cash flow and financial results.”
“We made progress on our priorities set out at the Capital Markets Day to deliver more energy, growing cash flow and superior returns. In the quarter, we strengthened our portfolio through project execution and strategic transactions.”
“Reliable energy is important in a volatile world marked by heightened geopolitical tension. Our role is to deliver energy safely and efficiently every day.”
More energy through strong production
Equinor delivered high production in the second quarter with a total equity production of 2,165 mboe per day in the second quarter. This is a 3% increase compared to 2,096 mboe per day in the same quarter last year.
Production from new fields, including Eirin and Symra coming on stream, drove a 4% production increase on the Norwegian continental shelf (NCS) compared to the second quarter of 2025. Johan Sverdrup and new wells supported the production, while planned turnaround activity and natural decline partially offset the result.
The addition of production from Adura in the UK and the Bacalhau field in Brazil, as well as lower turnaround activity, contributed to a 4% production increase in the international oil and gas reporting segment compared to the same period last year. This was partially offset by portfolio changes, in addition to natural decline and operational issues at Roncador in Brazil.
The production in the US was stable in the quarter compared to the same quarter last year.
Total power generation was 1.19 TWh. Driven by Dogger Bank B and new onshore assets, renewable power generation increased by 11% compared to the second quarter of 2025. The increase in total power generation was partially offset by lower gas-to-power generation.
Growing cash flow with strong financial results
Equinor delivered an adjusted operating income* of USD 11.48 billion and USD 3.44 billion after tax* in the second quarter. The results are primarily impacted by higher liquid prices globally and European gas prices, partially offset by lower US gas prices.
The reported net operating income of USD 12.99 billion is up from USD 5.72 billion in the same quarter last year. Results were supported by higher prices, positive derivative effects and the sale of assets in Argentina.
Equinor realised a European gas price of USD 15.8 per mmbtu and a liquids price of USD 97.9 per bbl in the second quarter.
The Marketing, Midstream and Processing results were strong, primarily driven by strong crude trading and refining performance.
Adjusted operating and administrative expenses* were higher compared to the same quarter last year. This was mainly due to higher transportation costs from increased freight rates and currency effects.
High production combined with higher prices generated cash flows provided by operating activities, before taxes paid and working capital items, of USD 14.75 billion.
In the quarter, Equinor paid the final three NCS tax instalments for 2025 totalling USD 6.4 billion.
Cash flow from operations after taxes paid* ended at USD 7.68 billion.
Organic capital expenditure* was USD 3.35 billion and total capital expenditures were USD 3.57 billion.
The net debt to capital employed adjusted ratio* was 10.4% at the end of the second quarter, compared to 15.3% last quarter.
Executing on strategy
On the NCS, Equinor awarded contracts for the first wave of NCS tie-back projects and secured a series of strategic transactions to unlock additional value, accelerate development and strengthen the position in key areas.
Moreover, production started at both the Symra and the Eirin field, of which the latter is expected to extend the production from the Gina Krog platform by seven years.
In the quarter, Equinor, together with partners, took a final investment decision for the offshore oil development Greater PAJ project in Angola.
Equinor had exploration activity on ten wells in the quarter. Seven wells were completed, of which three appraisal wells on the NCS confirm previously reported commercial discoveries.
Capital distribution
The board of directors has decided a cash dividend of USD 0.39 per share for the second quarter 2026. This is in line with the communication on 4 February 2026, when results for the fourth quarter of 2025 were announced.
At the Capital Markets Day on 16 June this year, Equinor announced an intention to increase the share buy-back programme for 2026 by USD 1.5 billion. This brings the total expected programme for 2026 to up to USD 3 billion, including shares to be redeemed from the Norwegian State. The board has decided to initiate a third tranche of the share buy-back programme for 2026 of up to USD 1,125 million. The tranche will commence on 23 July and end no later than 26 October 2026.
The second tranche of the share buy-back programme for 2026 was completed on 16 July 2026 with a total value of USD 375 million.
All share buy-back amounts include shares to be redeemed by the Norwegian State.
- - -
*For items marked with an asterisk throughout this report, see Use and reconciliation of non-GAAP financial measures in the Supplementary disclosures.
Key information relating to the cash dividend to be paid by Equinor ASA (OSE: EQNR, NYSE: EQNR) for second quarter 2026.
Cash dividend amount: 0.39
Announced currency: USD
Last day including rights: 12 November 2026
Ex-date Oslo Børs: 13 November 2026
Ex-date New York Stock Exchange: 16 November 2026
Record date: 16 November 2026
Payment date: 25 November 2026
Date of approval: 21 July 2026.
Other information: The cash dividend per share in NOK will be communicated 20 November 2026.
This information is published in accordance with the requirements of the Continuing Obligations and is subject to the disclosure requirements pursuant to Section 5-12 in the Norwegian Securities Trading Act.
An Equinor sign is seen at the company's headquarters in Fornebu, Norway, May 21, 2018. REUTERS/Nerijus Adomaitis/File Photo Purchase Licensing Rights, opens new tab
SummaryCompaniesAdjusted pretax profit $11.48 billion vs forecast $11.37 billionYear-ago profit was $6.54 billionOil and gas prices soar on Iran warEquinor's shares up 54% year-to-date ahead of the earningsOSLO, July 22 (Reuters) - Equinor (EQNR.OL), opens new tab on Wednesday reported a sharp rise in second-quarter profits, as expected, lifted by a surge in oil and gas prices as the war in the Middle East disrupted global energy supplies.
The Norwegian group's adjusted earnings before tax for the April to June period rose to $11.48 billion from $6.54 billion a year earlier, broadly in line with the $11.37 billion predicted in a poll of 17 analysts compiled by Equinor.
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"Strong production in the second quarter enabled us to capture value from higher prices, contributing to strong cash flow and financial results," CEO Anders Opedal said in a statement.
The shares of majority state-owned Equinor are up 54% year-to-date, outperforming a 30% increase in European energy stocks (.SXEP), opens new tab, reflecting its position as a major supplier of oil and gas to Europe and with no direct exposure to the Middle East.
The company last month said it will double its share buybacks, returning more cash to owners as the wartime rise in oil and gas prices filled its coffers, while at the same time scaling back investments in renewable energy due to weak demand.
Equinor maintained its full-year oil and gas output growth target of a 3% volume increase in 2026 as well as its planned investment level for the year of $13 billion.
The downstream division, which includes energy trading, reported a profit of $777 million for the quarter, exceeding the $623 million expected by analysts and beating the unit's $400 million quarterly profit guidance.
The average price for Equinor's oil stood at $97.9 per barrel in the second quarter, up from $63 in the same period of 2025.
The price for the group's European gas meanwhile increased by 32% over the same period to $15.79 per million British thermal units (mmbtu), while its U.S. gas price declined 16% to $2.30 per mmbtu.
Reporting by Nora Buli, editing by Terje Solsvik
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Second-quarter adjusted operating income jumped over 75% as the Norwegian energy major captured higher oil and gas prices triggered by the conflict in the Middle East.
Shares of Strive, Inc. (NASDAQ:ASST – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $28.00.
ASST has been the topic of a number of analyst reports. Weiss Ratings upgraded Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. TD Cowen restated a “buy” rating and issued a $30.00 target price (up from $28.00) on shares of Strive in a report on Monday, May 18th. Benchmark reaffirmed a “buy” rating on shares of Strive in a research note on Monday, June 15th. HC Wainwright lifted their price target on Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Wall Street Zen raised shares of Strive from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th.
View Our Latest Stock Analysis on ASST
Strive Stock Up 5.3% Shares of NASDAQ ASST opened at $13.00 on Friday. Strive has a 12-month low of $7.02 and a 12-month high of $252.00. The stock has a market cap of $950.04 million, a PE ratio of -1.51 and a beta of 13.22. The company has a current ratio of 11.44, a quick ratio of 11.44 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $14.57 and a 200 day moving average of $13.49.
Strive (NASDAQ:ASST – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported ($5.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.70) by ($2.49). The business had revenue of $2.76 million during the quarter, compared to analysts’ expectations of $2.73 million. Strive had a negative return on equity of 139.10% and a negative net margin of 9,655.92%. As a group, sell-side analysts predict that Strive will post -4.11 EPS for the current fiscal year.
Hedge Funds Weigh In On Strive Institutional investors have recently bought and sold shares of the company. Thompson Davis & CO. Inc. purchased a new stake in shares of Strive in the 4th quarter valued at approximately $74,000. FNY Investment Advisers LLC raised its position in shares of Strive by 457,042.9% during the 4th quarter. FNY Investment Advisers LLC now owns 160,000 shares of the company’s stock valued at $118,000 after buying an additional 159,965 shares during the period. Gibbs Wealth Management purchased a new stake in shares of Strive during the 4th quarter valued at approximately $59,000. Trivium Point Advisory LLC acquired a new position in Strive in the fourth quarter valued at approximately $103,000. Finally, Institute for Wealth Management LLC. acquired a new position in Strive in the fourth quarter valued at approximately $26,000. 5.52% of the stock is owned by hedge funds and other institutional investors.
About Strive (Get Free Report)
Asset Entities, Inc (NASDAQ: ASST) is a specialty finance company that acquires, originates and services asset-backed loans and receivables across a range of industry sectors. The firm focuses on structuring and managing credit portfolios in equipment finance, commercial receivables and other asset-backed classes, employing securitization vehicles and bespoke financing solutions to deliver liquidity to underserved small- and mid-market borrowers.
Through its platform, Asset Entities leverages data-driven underwriting, risk management and portfolio optimization to create diversified exposure across end markets.
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Ceny českých potravin letos pokračují v jízdě plné překvapení. Společně s nápoji a tabákem v červnu meziročně klesaly o více než 1 %, přičemž samotné potraviny zlevnily o více než 3 %. Právě tento vývoj byl jedním z hlavních důvodů, proč celková inflace zpomalila z 2,1 % na 1,5 %. Pro nás to představovalo důvod k mírnému snížení odhadu inflace pro rok 2026. Z pohledu roku 2027 však nadále zůstáváme spíše pesimističtí. Další zlevňování potravin považujeme za neudržitelné a nízké ceny v letošním roce podle nás pouze vytvářejí prostor pro výraznější meziroční zdražování v roce příštím. Proč?
Za prvé, za letošním poklesem cen stojí především mléčné výrobky, tuky a některé vybrané masné produkty. Jednoznačným premiantem jsou mléko a máslo, kde Česko s určitým zpožděním kopíruje vývoj v Německu a cenové výkyvy navíc často ještě zesiluje. Mléko i máslo totiž bývají v českých obchodech pravidelně součástí slevových akcí. Jejich letošní zlevnění však nemá strukturální charakter. Jde především o důsledek předchozího výrazného růstu cen v letech 2024–2025, na který reagovala vyšší produkce, podpořená zároveň levnějšími krmivy. Nic z toho však není trvalého charakteru.
Za druhé, situaci zásadně mění i stále uzavřený Hormuzský průliv. Inflační šok spojený s Hormuzem by se časem měl promítnout také do cen potravin. Jednak prostřednictvím dražších hnojiv a vyšších nákladů rostlinné výroby, jednak skrze růst cen krmiv, který se následně přenese do cen masa a mléčných výrobků. K tomu je třeba připočíst i ceny plynu a elektřiny, které v posledních týdnech v návaznosti na novou eskalaci konfliktu na Blízkém východě začaly citelně růst. Cena zemního plynu se již pohybuje kolem 60 EUR/MWh. Procesy, jako je pasterace nebo sušení mléka, jsou přitom energeticky náročné a vyžadují dodávky plynu za rozumnou cenu.
I proto v příštím roce předpokládáme růst cen potravin minimálně kolem 4 %, tedy mírně nad historickým průměrem. Pokud k tomu připočteme dražší energie, které letos naopak stále zlevňují, a přetrvávající zvýšenou inflaci ve službách, dostáváme se na začátku příštího roku k celkové inflaci v pásmu 3–4 %. Možná i proto finanční trhy současnou nízkou inflaci v zásadě přehlížejí a poslední eskalace napětí na Blízkém východě je vedla ke zvýšení sázek na další růst úrokových sazeb.
TRHY
Koruna
Česká koruna se drží v blízkosti 24,20 bez sebemenších nových impulsů k obchodování. Silný dolar a drahá ropa ji berou vítr z plachet, na druhé straně ovšem ne natolik, aby se dostala do výraznější defenzivy. Hlavní událostí tohoto týdne pro ni bude čtvrteční zasedání ECB.
Eurodolar
Ropný trh se ocitá ve velmi choulostivé situaci, která může mít potenciálně významné dopady i na ostatní finanční trhy, včetně trhu eurodolarového. Problém, jak dostat ropu z Perského zálivu na světové trhy, se totiž posouvá do zcela jiné roviny. Húsiové podporovaní Íránem se rozhodli zablokovat průliv Báb al-Mandab, vstupní bránu z Rudého moře, kterou Saúdská Arábie využívá k přepravě ropy do světových oceánů.
Podle posledních zpráv již několik tankerů bylo nuceno změnit kurz, protože rejdaři nepovažují plavbu touto úžinou za dostatečně bezpečnou. Ceny ropy proto logicky rostou. Ropa Brent se dnes ráno obchodovala již nad 92 USD za barel. To vytváří tlak na oslabení eura vůči dolaru. Kurz EUR/USD se zatím drží nad hladinou 1,14, avšak pokud by ceny ropy zamířily směrem ke 100 USD za barel, je velmi pravděpodobné, že by se dostal pod tuto úroveň.
Forint
Maďarská centrální banka v souladu s očekáváním včera snížila svou základní úrokovou sazbu z 6,0 % na 5,75 % a vyslala poměrně jasný signál, že uvolňování měnové politiky bude během léta pokračovat. MNB to ve svém komentáři dokonce konkretizovala tím, že o dalším snížení sazeb rozhodne zářijová inflační zpráva. To by mělo implikovat, že na srpnovém zasedání ke snížení sazeb ještě nedojde. Forint v reakci na rozhodnutí MNB nepatrně oslabil.
Po včerejším růst na Wall Street (index SP500 ++0,9 %) nyní zámořské futures kontrakty ztrácí -0,3 %. Evropa sice včera nakonec uzavírala také v kladných úrovních, ale se skromnějšími zisky. Středeční ráno lze dle indikací čekat v regionu opět nevýrazné. Investoři sledují vývoj na komoditních trzích, cena ropy Brent se obchoduje nad 92 USD za barel (+2 %). Na mírové rozhovory USA s Íránem to zatím nevypadá. Růst cen ropy tak může znovu rozdmýchat obavy z inflace. Zlato získalo +1,5 % a obchoduje se na nejvyšší úrovní za 2 týdny, když mu pomáhá růst napětí na Blízkém východě. Dnes po zavření trhu budou reportovat firmy Tesla a Alphabet. Zisky společnosti Alphabet budou důležité pro měření nálady na trhu. Pozornost se bude upírat také na farmaceutické společnosti poté, co Trump oznámil plány na zavedení 100 % cla na generické léky do USA. Banco Santander vykázala zisk nad odhady. Praha včera rostla, dařilo se Erste i CSG. Na maximech, kde se obchodoval před dividendou se zvedl ČEZ. Vzhledem k vyšším cenám komodit by se ale mohli postupně na bankách objevovat prodejci.
The Pound to New Zealand Dollar (GBP/NZD) exchange rate slipped to a one-month low on Tuesday after stronger-than-expected New Zealand inflation reinforced expectations for further Reserve Bank of New Zealand interest rate hikes.
At the time of writing, GBP/NZD was trading around NZ$2.2939, down approximately 0.2% on the day.
Latest — Exchange Rates:
Pound to New Zealand Dollar (GBP/NZD): 2.295692 (+0.02%)
Euro to New Zealand Dollar (EUR/NZD): 1.956495 (+0.29%)
New Zealand Dollar to Dollar (NZD/USD): 0.5827 (-0.43%)
DAILY RECAP:
The New Zealand Dollar (NZD) appreciated through Tuesday's Asian trading session as markets digested New Zealand's latest consumer price index.
According to the CPI figures published by Stats NZ, annual inflation accelerated to 4.1% in the second quarter, up from 3.1% previously and above market forecasts of 4.0%.
Perhaps more importantly, the Q2 inflation print also outpaced the Reserve Bank of New Zealand’s previous 3.9% forecast.
This prompted NZD investors to increase their bets on further monetary tightening after the RBNZ's recent decision to lift the Official Cash Rate to 2.5%.
However, the ‘Kiwi’ was unable to sustain its best levels for long, with NZD exchange rates falling back by the start of the European session as market risk appetite was sapped by the continued escalation of tensions in the Middle East.
Meanwhile, trade in the Pound (GBP) was broadly flat on Tuesday as the UK's latest jobs report helped to calm concerns over turbulence in the UK bond market at the start of the session.
The Office for National Statistics (ONS) reported that unemployment held steady at 4.9% in May, against forecasts it would rise to 5.0%, while employment growth accelerated from 100,000 to 147,000 against consensus estimates it would drop to 85,000.
The surprisingly robust jobs data was welcomed by GBP investors as it increased the chances of the Bank of England (BoE) tightening monetary policy later in the year.
However, Sterling's upside potential remained capped after the start of Andy Burnham's premiership triggered a rise in UK gilt yields as he signalled his willingness to exercise flexibility while still adhering to fiscal rules.
Near-Term GBP/NZD Forecast: Slowdown in UK Inflation to Sap Sterling? Looking ahead, the next catalyst for the Pound to New Zealand Dollar exchange rate will be the UK's latest inflation figures.
Economists expect UK inflation to have cooled further in June, with Sterling likely to come under pressure if the data weakens expectations for further Bank of England interest rate hikes.
Meanwhile, the ‘Kiwi’ could face headwinds if New Zealand's latest credit card spending figures point to a slowdown in consumer spending last month.
The Pound to US Dollar (GBP/USD) exchange rate weakened on Wednesday after UK inflation cooled by more than expected in June, reducing expectations for further Bank of England policy tightening, while the US Dollar remained underpinned by cautious market sentiment.
At the time of writing, GBP/USD was trading around $1.3374, slipping modestly as investors reacted to the softer UK inflation report.
Latest — Exchange Rates:
Pound to Dollar (GBP/USD): 1.337429 (-0.03%)
Euro to Dollar (EUR/USD): 1.141025 (+0.07%)
Dollar to Yen (USD/JPY): 163.12016 (-0.04%)
DAILY RECAP:
The Pound (GBP) came under pressure after UK inflation slowed more than expected in June.
Official figures showed headline consumer price inflation eased to 2.6%, down from 2.8% in May and below forecasts for a 2.7% reading, as lower petrol and transport costs helped reduce price pressures. The softer inflation print reinforced expectations that the Bank of England is unlikely to tighten monetary policy in the near term.
The weaker inflation data overshadowed Tuesday's stronger-than-expected labour market report, which had shown unemployment holding at 4.9% and employment increasing by 147,000.
Political uncertainty also continued to linger after Prime Minister Andy Burnham appointed John Healey as Chancellor, with investors continuing to assess the fiscal implications of the new government's policy agenda.
Meanwhile, the US Dollar (USD) remained broadly supported as investors continued to favour the Greenback amid lingering geopolitical uncertainty and expectations that the Federal Reserve will maintain a relatively restrictive monetary policy.
Near-Term GBP/USD Forecast: Softer UK Inflation Shifts Focus to the Fed The sharper-than-expected slowdown in UK inflation has strengthened expectations that the Bank of England can leave interest rates unchanged while assessing the outlook for inflation and economic growth.
Investors will now look to upcoming UK retail sales and PMI data to determine whether inflation is easing without a material slowdown in economic activity.
For the US Dollar, attention will remain focused on Federal Reserve policymakers and incoming US economic data for further clues on the interest rate outlook.
If US data continues to point to a resilient economy while UK inflation remains subdued, the US Dollar may retain the upper hand against Sterling in the near term.
THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS
SEATTLE--(BUSINESS WIRE)--Amazon Business reaches $60 billion in annualized gross sales and 11 million customers, transforming how organizations of all sizes buy and save.
WAYNE, Pa.--(BUSINESS WIRE)--Cornelis, a leading provider of high-performance networking solutions, unveiled a new reference architecture that pairs its CN6000 SuperNIC with AMD 6th Gen EPYC™ processors and AMD Instinct™ MI400 series GPUs. Designed for disaggregated AI inference, large-scale training, and HPC simulation, the architecture provides infrastructure operators with a blueprint for building high-performance systems on an integrated compute and networking platform.Cornelis plans to deta.
Hydro’s adjusted EBITDA for the second quarter of 2026 was NOK 8,923 million, up from NOK 7,790 million in the same quarter last year. Higher aluminium prices and product premiums contributed positively, together with improved earnings in the recycling business. Lower energy production due to hydrology and adverse effects from a stronger NOK contributed negatively. Hydro delivered strong profitability in the quarter, with adjusted earnings per share increasing from NOK 1.7 in the second quarter 2025 to NOK 2.2 in the second quarter 2026. Free cash flow was NOK 4 billion, with strong adjusted EBITDA partially offset by investments and tax payments. The twelve month adjusted RoaCE ended at 10.9 percent.
Slovalco 75,000 tonnes restart announced on July 1 Realized all-in metal prices up 14 percent from first quarter All-time high casthouse production in Norway, upstream operational performance at high level Recycling results strengthening, adjusted EBITDA NOK 0.9 billion Power sourcing continuing, further 5 TWh sourced in second quarter On July 1, the planned restart of the Slovalco smelter was announced, following an agreement on long-term framework conditions with the Slovak government, including indirect carbon cost compensation. The smelter will restart 75,000 tonnes of capacity during the second half of 2026.
“This quarter reflects both Hydro's operational strength and the opportunities for European industry. Alongside strong financial results driven by solid operational performance and supportive markets, the agreement on a framework to restart Slovalco is an important step toward rebuilding European aluminium capacity. It also demonstrates that competitive energy and predictable framework conditions unlock investments and strengthen Europe's industrial resilience,” says Eivind Kallevik, President and CEO of Hydro.
The second quarter demonstrated continued strong operational performance across Hydro’s upstream businesses. At Alunorte, the refinery productivity increased year on year. In Aluminium Metal, the ramp up of previously curtailed capacity at the Norwegian smelters continued through the quarter, contributing to higher production volumes compared to the same period last year and reinforcing Hydro’s position as a reliable supplier to the European market.
Recycling continued to deliver strong results during the quarter, particularly in North America, where favorable market conditions and robust value added product premiums, supported margins and volumes. Adjusted EBITDA from the recycling operation was over NOK 900 million in the quarter. The continued performance highlights the strength of Hydro’s integrated and increasingly circular business model.
To source competitively priced renewable energy for the aluminium smelters remains a key priority for Hydro. In early July, a 10 year agreement was signed with Eviny, covering 0.5 TWh annually for the period 2031 to 2040. With the latest contract, Hydro has covered 85 percent of its total sourcing need in Norway in the 2030s. However, further development of renewable power is needed to support Hydro’s long-term growth and development plans.
“Hydro has secured a strong power position in Norway well into the next decade. At the same time, Europe needs significantly more renewable power generation if industries like aluminium are to remain competitive and continue investing for the future,” says Kallevik.
Hydro also continued to shape the market for low-carbon and recycled aluminium. During the quarter, Hydro entered a five year supply agreement with Nexans for approximately 85,000 tonnes of low-carbon aluminium wire rod. The agreement supports Europe's growing demand for electricity infrastructure, while strengthening Hydro's position in value added low-carbon aluminium. It also aligns with the recent expansion of wire rod capacity at Karmøy, supporting long-term growth opportunities driven by the energy transition
Results and market development per business area
Adjusted EBITDA for Bauxite & Alumina decreased compared to the second quarter of last year, to NOK 522 million from NOK 1,521 million, primarily due to lower alumina prices and a stronger BRL against the USD, partially offset by higher sales volumes and improved bauxite quality.
PAX traded in a narrow range between USD 303 and USD 330 per mt in the second quarter 2026, reflecting Chinese alumina price trends. Despite lower alumina production at certain refineries in Indonesia and Australia because of raw material supply challenges, the World ex-China alumina market was oversupplied in the quarter. China's alumina market was essentially balanced in the quarter with higher alumina imports offset by lower production because of some production disruptions. Chinese alumina prices were close to the marginal cash cost of production. Approximately half of China’s alumina production depends on bauxite imported from Guinea. The government of Guinea is considering restricting annual bauxite exports volume, but no formal announcement has been made.
Adjusted EBITDA for Energy decreased in the second quarter compared to the same period last year, to NOK 499 million from NOK 1,069 million. The decrease is mainly due to lower production and a loss on price area differences compared to a gain in the same period last year.
Average Nordic power prices in the second quarter of 2026 decreased compared to the previous quarter, but increased compared to the same quarter last year. The decrease from the previous quarter was mainly driven by lower seasonal demand and higher hydro power production following the melting season. Price area differences between the south and north of the Nordic market were above the previous quarter and below the same period last year.
The Nordic hydrological balance at the end of the quarter was 15 TWh below normal, compared to 21 TWh below normal at the end of last quarter and 10 TWh above normal at the same time last year. Norwegian hydropower reservoirs were around 61.9 percent of full capacity at the end of the quarter, which is below the normal for this time of year of 67.9 percent. The distribution was uneven, with lower than normal levels in the south of Norway and higher than normal levels in the north.
Adjusted EBITDA for Aluminium Metal increased in the second quarter of 2026 compared to the second quarter of 2025, to NOK 6,421 million from NOK 2,423 million, due to higher all-in metal prices and lower alumina cost, partly offset by lower sales volume, higher energy and carbon cost, and weaker USD to NOK. Global primary aluminium consumption was slightly higher compared to the second quarter of 2025, driven by a 2.2 percent increase in China. Primary consumption in the World ex-China is estimated to be down compared to the second quarter of 2025. The three month aluminium price decreased towards the end of the second quarter of 2026, starting the quarter at USD 3,532 per mt and ending at USD 3,086 per mt. The U.S. and Iran ceasefire, and subsequently partly opening of the Straight of Hormuz has led to an easing of supply concerns for aluminium globally. More metal has been shipped out of the Middle East and smelter production is recovering.
Adjusted EBITDA for Metal Markets decreased in the second quarter of 2026 compared to the same period last year, to NOK 32 million from NOK 276 million, due to lower results from sourcing and trading activities, partly offset by higher results from recyclers and positive inventory valuation and currency effects.
Adjusted EBITDA for Extrusions increased in the second quarter of 2026 compared to the same quarter last year, to NOK 1,463 million from NOK 1,260 million, driven by higher recycling margins in combination with lower fixed cost partly offset by reduced sales volume.
European extrusion demand is estimated to have increased slightly by 0.4 percent in the second quarter of 2026 compared to the same quarter last year, following a weaker first quarter. Demand in the building & construction and industrial segments showed modest growth in the quarter. Automotive demand remained positive in the first half of the year, supported by continued growth in battery electric vehicle production, while non-automotive transport demand remained subdued.
North American extrusion demand is estimated to have been flat in the second quarter of 2026 compared to the same quarter last year, following a weaker first quarter. Demand in the electrical segment remained solid during the quarter, while activity in the commercial transport segment improved towards the end of the period as price levels moderated. Automotive demand remained weak due to continued headwinds in electric vehicle production.
Other key financials
Compared to the first quarter of 2026, Hydro’s adjusted EBITDA increased to NOK 8,923 million from NOK 8,668 million, mainly due to higher all-in metal prices, improved Extrusions volumes and strong recycling margins in the second quarter of the year. This was partially offset by lower Energy results due to lower power production and losses on price area differences, higher fixed cost in Bauxite & Alumina and negative currency effects in Aluminium Metal.
Net income (loss) amounted to NOK 5,965 million in the second quarter of 2026. Net income (loss) included unrealized derivative gains, mainly on LME related contracts of NOK 3,088 million, rationalization charges and closure costs of NOK 233 million, impairment charges in equity accounted investments of NOK 104 million, and impairment charges on fixed assets of NOK 337 million. The tax effect on these adjustments reflected a standardized tax rate for taxable gains and tax deductible losses. Adjusted net income (loss) for the first quarter ended at NOK 4,601 million.
Hydro’s net debt increased from NOK 12.9 billion to NOK 16.3 billion during the second quarter of 2026. The net debt increase was mainly due to dividends paid, investments and other operating cash flow more than offsetting the EBITDA contribution.
Adjusted net debt increased from NOK 21.6 billion to NOK 22.8 billion, mainly driven by the increase in net debt, partly offset by lower hedging collateral.
Reported earnings before financial items and tax (EBIT), and net income include effects that are disclosed in the quarterly report. Adjustments to EBITDA, EBIT, and net income (loss) are defined and described as part of the alternative performance measures (APM) section in the quarterly report.
The information was submitted for publication from Hydro Investor Relations and the contact persons set out above. Certain statements included in this announcement contain forward-looking information, including, without limitation, information relating to (a) forecasts, projections and estimates, (b) statements of Hydro management concerning plans, objectives and strategies, such as planned expansions, investments, divestments, curtailments or other projects, (c) targeted production volumes and costs, capacities or rates, start-up costs, cost reductions and profit objectives, (d) various expectations about future developments in Hydro's markets, particularly prices, supply and demand and competition, (e) results of operations, (f) margins, (g) growth rates, (h) risk management, and (i) qualified statements such as "expected", "scheduled", "targeted", "planned", "proposed", "intended" or similar. Although we believe that the expectations reflected in such forward-looking statements are reasonable, these forward-looking statements are based on a number of assumptions and forecasts that, by their nature, involve risk and uncertainty.
Various factors could cause our actual results to differ materially from those projected in a forward-looking statement or affect the extent to which a particular projection is realized. Factors that could cause these differences include, but are not limited to: our continued ability to reposition and restructure our upstream and downstream businesses; changes in availability and cost of energy and raw materials; global supply and demand for aluminium and aluminium products; world economic growth, including rates of inflation and industrial production; changes in the relative value of currencies and the value of commodity contracts; trends in Hydro's key markets and competition; and legislative, regulatory and political factors. No assurance can be given that such expectations will prove to have been correct. Except where required by law, Hydro disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
NHY presentation Q2 2026 NHY Second Quarter Report 2026
Nike will shift online sales to its official website and app, as well as its flagship stores on e-commerce platforms Tmall, JD.com and Douyin from January.
DALLAS & NEW YORK & ABU DHABI--(BUSINESS WIRE)--The Artificial Intelligence Infrastructure Partnership (“AIP”), MGX, and BlackRock's Global Infrastructure Partners (“GIP”) (collectively, the “Consortium”), today successfully completed their previously announced acquisition of 100% of the equity in Aligned Data Centers (“Aligned” or the “Company”) from private infrastructure funds managed by Macquarie Asset Management and its co-invest partners. The transaction, which represents Aligned's enterp.
V Česku vzbudily pozornost výroky premiéra Andreje Babiše o možné cukrové dani, která by mohla ovlivnit akcie Kofoly. Na globální scéně pokračuje napětí mezi USA a Íránem, které podporuje ceny ropy a udržuje pozornost na klíčových přepravních trasách na Blízkém východě.
Článek se odemkne 22.07.2026 9:50
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Námi sledované indexy v asijsko-pacifickém regionu se obchodují smíšeně. Zajímavou seanci nabídla Jižní Korea, která v úvodu posilovala o více než 6 %, aby následně zisky smazala a aktuálně rostla pouze o 0,74 %. Extrémní volatilita na polovodičích tak nadále pokračuje, přičemž pozornost se nyní přesouvá k hospodářským výsledkům významných globálních technologických společností. Dnes po uzavření trhů mají své výsledky zveřejnit společnosti Alphabet a Tesla, po nichž bude zítra (také po trhu) následovat Intel.
Výrobce paměťových čipů SK Hynix (aktuálně +0,0 %, v průběhu seance však přidával až +9,3 %) uvedl, že nemá v plánu získat výrobní závody Intelu v Ohiu poté, co média dříve informovala, že vyjednává o koupi čipového areálu.
Japonský Nikkei 225 -0,18 % na 66115,6 b.
Hongkongský Hang Seng -1,26 % na 24814,67 b.
Čínský Shanghai Composite -0,1 % na 3860,423 b.
Jihokorejský Kospi +0,74 % na 6797,7 b.
Australský S&P/ASX 200 +0,34 % na 8823 b.
The Japanese Yen (JPY) hovers near a multi-decade high at around 163.24 against the US Dollar (USD) during the early European trading session on Wednesday. The USD/JPY pair reflects significant strength as the Japanese currency underperforms due to surging Oil prices.
Oil prices have increased further as global energy supply risks have escalated due to the closure of the Bab el-Mandeb Strait by Yemen’s Iran-aligned Houthis.
Higher oil prices bode poorly for currencies from economies, such as Japan, which rely heavily on energy imports.
Sheer weakness in the Japanese Yen has increased hopes of Japan’s intervention in the FX market. Earlier in the day, Japan’s Finance Minister (FM) Satsuki Katayama said that the authorities will take necessary steps on the foreign exchange if necessary. However, she declined to comment on specific forex levels.
Going forward, investors will focus on Japan's National Consumer Price Index (CPI) data for June, which will be released on Friday.
USD/JPY technical analysis
Bias: USD/JPY trades firmly at around 163.20 at press time. The overall bias is bullish as the 20-day Exponential Moving Average (EMA) slopes higher at around 162.15 and the reclaimed upward support trend line around 162.16, which both now underpin the bullish near-term bias.
Momentum: The Relative Strength Index (14) stands at 65.94, staying in positive territory just shy of classic overbought thresholds and suggesting that upside momentum remains constructive, though increasingly stretched.
Pattern: There is a Rising Wedge formation on the daily chart, which generally leads to a bearish reversal after a strong rally. However, the pair could extend the rally if it breaks the chart pattern on the upside above the upper border, which is around 163.50.
Resistance: USD/JPY could extend its advance towards 164.00 once it breaks above the immediate hurdle of 163.50.
Support: On the downside, initial support is clustered in the 162.15–162.16 area, where the 20-day EMA and the former breakout point of the rising trend line converge as a key demand zone before any deeper correction can develop.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.
One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen.
Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential.
The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen’s value against other currencies seen as more risky to invest in.
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note EUR/USD under mild downward pressure after slipping toward 1.14, but expects any intraday decline to be limited to a test of 1.1380, with major support at 1.1360 unlikely to be challenged. Over the next 1–3 weeks, they view current price action as range trading between 1.1360 and 1.1465, with a deeper target at 1.1210 if key support breaks.
Euro-Dollar bias soft but rangebound"24-HOUR VIEW: While we expected EUR to “edge lower” yesterday, we indicated that “any decline is likely limited to a test of 1.1390.” However, EUR did not quite test 1.1390 as it eased to a low of 1.1396. While EUR remains under mild downward pressure and could continue to edge lower today; this time around, any decline is likely to be limited to a test of 1.1380. The major support at 1.1360 is unlikely to come under threat. Resistance is at 1.1415; a breach of 1.1430 would suggest that the mild downward pressure has eased."
"1-3 WEEKS VIEW: Our update from yesterday (21 Jul, spot at 1.1415) remains valid. As highlighted, “the current price movements are likely part of a range-trading phase between 1.1360 and 1.1465.”."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
The British Pound (GBP) consolidates losses against the US Dollar (USD) on Wednesday, as a string of UK inflation figures provided some leeway for the Bank of England to maintain its “wait-and-see” stance through the coming months. The GBP/USD pair remains pinned near weekly lows, below 1.3400 following a nearly 1.2% decline in the last four days.
Data released by the UK National Statistics Office on Wednesday revealed that the Consumer Price Index (CPI) moderated to a 2.6% year-over-year (Y-o-Y) growth in June, from 2.8% in May, below the 2.7% forecasted by market analysts. The Core CPI, however, remained steady at 2.6% against expectations of a 2.5% reading.
Beyond that, the Input Producer Price Index (PPI) contracted 2% on the month, its sharpest decline in more than six years, while the Output PPI remained flat, undershooting expectations of a 0.4% advance. Year on year, input PPI eased to 7.3% from 9.3% while the Output PPI slowed down to 3.5% in June from 3.7% in May.
In the US, the calendar has been thin this week, but the US Dollar maintains a bid tone, buoyed by market concerns about the war in the Middle East and higher US Treasury yields. The US military pounded targets in Iran for the 11th consecutive day on Wednesday, and US President Donald Trump threatened to attack nuclear facilities, which, according to Tehran, would expand the war in the region.
UK Pound slides amid PM Burnham’s early fiscal signalsRabobank’s FX team notes that “UK markets have now had a few hours to react to PM Burnham’s new cabinet, many of whom have been involved in UK politics for years,” and the initial response has been cautious. They highlight that “10-year gilt yields are currently above the 5% level, which is a sign of some anxiety,” while “the Pound is the worst performing G10 currency on a 1-day view,” underscoring investor unease around the new administration’s fiscal direction.
In the near term, Rabobank points out that “Burnham has promised measures to ease cost-of-living pressures,” with the policy push already underway. “He kicked this off this morning with the news that VAT on household electricity bills will be cut from October,” the bank observes, adding that “the market is now bracing itself for a list of further announcements” as investors assess how these initiatives will be funded and what they might mean for UK assets.
Economic Indicator Consumer Price Index (YoY) The United Kingdom (UK) Consumer Price Index (CPI), released by the Office for National Statistics on a monthly basis, is a measure of consumer price inflation – the rate at which the prices of goods and services bought by households rise or fall – produced to international standards. It is the inflation measure used in the government’s target. The YoY reading compares prices in the reference month to a year earlier. Generally, a high reading is seen as bullish for the Pound Sterling (GBP), while a low reading is seen as bearish.
Read more.
The Bank of England is tasked with keeping inflation, as measured by the headline Consumer Price Index (CPI) at around 2%, giving the monthly release its importance. An increase in inflation implies a quicker and sooner increase of interest rates or the reduction of bond-buying by the BOE, which means squeezing the supply of pounds. Conversely, a drop in the pace of price rises indicates looser monetary policy. A higher-than-expected result tends to be GBP bullish.
Economic Indicator Consumer Price Index (MoM) The United Kingdom (UK) Consumer Price Index (CPI), released by the Office for National Statistics on a monthly basis, is a measure of consumer price inflation – the rate at which the prices of goods and services bought by households rise or fall – produced to international standards. It is also the inflation measure used in the government’s target. The MoM figure compares the prices of goods in the reference month to the previous month. Generally, a high reading is seen as bullish for the Pound Sterling (GBP), while a low reading is seen as bearish.
ING’s commodities team notes Gold and Silver have extended gains on dip-buying and geopolitical concerns in the Middle East. They highlight Gold trading above $4,000/oz and Silver near $60/oz, supported by safe-haven flows and stronger industrial metals sentiment. ING expects Gold to stay sensitive to energy markets and US monetary policy, with Silver potentially outperforming if industrial strength persists.
Precious metals lifted by dip-buying"Gold and silver extended gains, supported by bargain hunting after recent weakness and investors continuing to assess geopolitical risks in the Middle East. The move came despite lingering concerns that higher energy prices could add to inflationary pressures, complicating the Federal Reserve's path towards interest rate cuts."
"Gold climbed back above the $4,000/oz level, while silver outperformed, trading close to $60/oz. Silver’s performance reflects not only its safe-haven appeal but also support from improving sentiment across the industrial metals complex, particularly copper."
"The rebound appears driven more by fresh buying interest following a period of consolidation rather than a material shift in the geopolitical or macroeconomic backdrop. While tensions in the Middle East remain supportive for precious metals, markets are weighing softer US economic data against the inflationary risks from higher energy costs."
"Gold is likely to remain sensitive to developments in energy markets and expectations for US monetary policy. Silver could continue to outperform if strength in industrial metals persists alongside safe-haven demand."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
A container ship, CMA CGM Eiffel, is seen at the port in Dakar, Senegal, February 11, 2025. REUTERS/Zohra Bensemra Purchase Licensing Rights, opens new tab
PARIS, July 22 (Reuters) - CMA CGM will impose an emergency fuel surcharge following the renewed escalation of hostilities in the Strait of Hormuz effective August 1, the French shipping firm said in a notice posted on its website.
"Following the renewed escalation of hostilities in the Strait of Hormuz over the past days, fuel prices have surged sharply again, reversing the easing observed in recent weeks. As a result, bunker costs have significantly increased across all regions and trades, impacting the overall cost of ocean transportation," the firm said.
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The surcharge, which will range from $65 to $165 per container, will be in place until further notice. The notice was dated on Tuesday but was sent in an email to reporters on Wednesday.
Reporting by Gus Trompiz; Editing by Makini Brice and
Our Standards: The Thomson Reuters Trust Principles., opens new tab
FOSTER CITY, Calif. & RAHWAY, N.J.--(BUSINESS WIRE)--Gilead Sciences, Inc. (Nasdaq: GILD) and Merck (NYSE: MRK), known as MSD outside of the United States and Canada, today announced that the detailed outcomes from the Phase 3 ISLEND-1 and ISLEND-2 trials will be presented for the first time at the 26th International AIDS Conference (AIDS 2026). The primary endpoint results at Week 48 showed that the investigational once-weekly oral single-tablet HIV treatment regimen of islatravir 2 mg/lenacap.
BOX (NYSE:BOX – Get Free Report) and StoneCo (NASDAQ:STNE – Get Free Report) are both mid-cap computer and technology companies, but which is the superior investment? We will contrast the two companies based on the strength of their dividends, institutional ownership, valuation, risk, earnings, analyst recommendations and profitability.
Profitability This table compares BOX and StoneCo’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets BOX 10.35% -24.19% 4.66% StoneCo 23.82% 21.05% 4.17% Institutional and Insider Ownership 86.7% of BOX shares are owned by institutional investors. Comparatively, 73.2% of StoneCo shares are owned by institutional investors. 4.0% of BOX shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.
Volatility & Risk BOX has a beta of 0.74, suggesting that its stock price is 26% less volatile than the S&P 500. Comparatively, StoneCo has a beta of 1.73, suggesting that its stock price is 73% more volatile than the S&P 500.
Valuation and Earnings This table compares BOX and StoneCo”s revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio BOX $1.18 billion 3.53 $115.38 million $0.65 46.16 StoneCo $13.62 billion 0.21 $425.73 million $2.50 4.50 StoneCo has higher revenue and earnings than BOX. StoneCo is trading at a lower price-to-earnings ratio than BOX, indicating that it is currently the more affordable of the two stocks.
Analyst Ratings This is a breakdown of current ratings and recommmendations for BOX and StoneCo, as provided by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score BOX 1 5 3 0 2.22 StoneCo 0 5 4 0 2.44 BOX currently has a consensus price target of $35.33, suggesting a potential upside of 17.77%. StoneCo has a consensus price target of $14.92, suggesting a potential upside of 32.47%. Given StoneCo’s stronger consensus rating and higher probable upside, analysts clearly believe StoneCo is more favorable than BOX.
Summary StoneCo beats BOX on 9 of the 14 factors compared between the two stocks.
About BOX (Get Free Report)
Box, Inc. engages in the provision of an enterprise content platform that enables organizations to securely manage enterprise content while allowing easy, secure access and sharing of this content from anywhere, on any device. Its products include cloud content management, IT and admin controls, Box Governance, Box Zones, Box Relay, Box Shuttle, and Box KeySafe. The company was founded by Aaron Levie, Dylan Smith, Jeff Queisser, and Sam Ghods in March 2005 and is headquartered in Redwood City, CA.
About StoneCo (Get Free Report)
StoneCo Ltd. provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and sells solutions to brick-and-mortar and digital merchants through sales team. The company served small-and-medium-sized businesses; and marketplaces, e-commerce platforms, and integrated software vendors. StoneCo Ltd. was founded in 2000 and is headquartered in George Town, the Cayman Islands.
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Tuesday was the day the memory trade turned back around. Micron Technology (MU +12.26%), Western Digital (WDC +12.60%), and Sandisk (SNDK +14.33%) rose 12%, 12.5%, and 14.3%, respectively, in Tuesday's session. It was a violent reversal for three stocks that entered the day down 31%, 39%, and 41% from their 52-week highs.
The biggest catalyst was a single forecast. In a Monday note, Morgan Stanley reportedly told clients it expects memory prices to rise at least 25% from the second quarter to the third, with artificial intelligence (AI) data-center demand keeping supply tight. The firm's checks reportedly found no sign the shortage is easing, and it said shortages could grow even more severe in 2027 and 2028. The group started climbing on the note Monday. On Tuesday, the buying turned into a surge.
For a group of stocks that had spent two weeks selling off on fears the memory boom was ending, that was the whole argument. If prices are still rising, the boom isn't over. Here's what the forecast means for each of the three.
Image source: Micron.
Micron has the broadest exposure Micron is the biggest of the three and the most watched. The company sells both major categories of memory chips (DRAM and NAND flash), plus the high-bandwidth memory that AI accelerators depend on. So a rising price forecast touches nearly everything it ships.
Its latest results show what that leverage already looks like. Revenue for Micron's fiscal third quarter (the period ended May 28) more than quadrupled year over year to $41.5 billion, the company's fifth consecutive quarterly revenue record. Net income came in at $28.2 billion. And operating cash flow more than doubled sequentially, to $25.4 billion from $11.9 billion the prior quarter.
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"Micron's record fiscal Q3 financial results and even stronger outlook for Q4 reflect the strategic value of memory in the AI era," CEO Sanjay Mehrotra said in the company's June earnings release.
Even after Tuesday's move, the stock trades at about 20 times earnings, a multiple that says investors still doubt numbers like these can last.
Western Digital rode along Western Digital is the odd one out: it doesn't sell memory chips at all. The company makes hard disk drives, the slower, cheaper storage tier that data centers deploy in enormous volumes. Its leverage to a memory-price forecast is indirect.
Its own supply picture, however, is just as tight. Revenue for its fiscal third quarter (the period ended April 3) rose 45% year over year to $3.3 billion, and guidance calls for 36% to 44% year-over-year growth in the fiscal fourth quarter.
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"The demand drivers are clear: Virtually every AI workload, from training, inference, agentic AI to physical AI, creates data that is stored persistently and cost-efficiently on HDDs," Western Digital CEO Irving Tan said in the company's April earnings release.
When every tier of data-center storage is scarce at once, the market trades the group as one bet on AI's appetite for capacity. Tuesday showed as much.
Sandisk is the purest play Sandisk sells NAND flash, the exact product whose price Morgan Stanley expects to jump. That arguably makes it the most direct way to own the forecast.
Its results show what rising NAND prices do to a focused producer. Sandisk's fiscal third-quarter revenue rose 251% year over year to $5.95 billion, and non-GAAP (adjusted) gross margin reached 78.4%, up more than 55 percentage points from a year earlier. When the price of a company's core product surges, most of the increase lands in gross profit.
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The company is also locking in demand, signing five multiyear supply agreements under a new business model built on firm customer commitments. And its guidance calls for $7.75 billion to $8.25 billion of revenue in its just-ended fiscal fourth quarter, or roughly 34% sequential growth at the midpoint.
One forecast, three different bets So which of the three has the most direct leverage to rising memory prices? Arguably, Sandisk, whose entire business is the product in question. Micron is close behind, with broader exposure across DRAM, NAND, and high-bandwidth memory. Western Digital benefits at one remove, through the same data-center scramble that is straining storage supply of every kind.
Of course, a forecast is still just a forecast, and memory remains the most cyclical corner of the chip industry. The same operating leverage that multiplies profits on the way up works in reverse when prices roll over. The roughly 30% to 40% drawdowns these stocks carried into Tuesday existed precisely because investors understand this risk.
Ultimately, I wouldn't chase Tuesday's move. If Morgan Stanley is right about the third quarter, these companies' results will do the talking soon enough. And if it's wrong, this group has demonstrated in recent weeks just how fast it can reprice in either direction.
AMC Entertainment (NYSE:AMC) reported what executives described as the strongest quarterly results in the company’s 106-year history, with record revenue, record adjusted EBITDA and sharply improved free cash flow in the second quarter of 2026.
Chairman and Chief Executive Officer Adam Aron said more than 71 million guests visited AMC and Odeon theaters worldwide during the April-to-June period, up 13.5% from a year earlier. Total revenue increased 14.2% year over year to approximately $1.6 billion, while adjusted EBITDA rose 70% to $321.4 million, surpassing $300 million in a quarter for the first time, according to the company.
“In AMC’s entire 106-year history, there has never been a quarter like this one,” Aron said on the company’s earnings call. He added that both revenue and adjusted EBITDA exceeded Wall Street expectations.
Free cash flow for the quarter was $190.1 million, and AMC ended June with $778 million of cash on hand, excluding restricted cash.
Box Office Strength Boosts Results AMC executives pointed to a stronger theatrical slate as a key driver of the quarter. Aron said the domestic industry box office reached $2.99 billion in the second quarter, the highest second quarter in seven years and, based on his review of the data, the fifth-best quarter in the past 50 years.
Six films from Universal, Lionsgate, A24 and Disney each opened domestically to more than $75 million during the period, Aron said. AMC’s domestic ticket revenue rose 11.4%, ahead of the 10.7% increase in the overall domestic box office, while European attendance increased 18% year over year.
Chief Financial Officer Sean Goodman said AMC’s performance was broad-based across its global circuit. In the United States, adjusted EBITDA increased 57.5% to $285.6 million. In Europe, adjusted EBITDA increased 337% to $35.8 million. Goodman noted that international revenue and EBITDA benefited by about 2% from European currency appreciation against the U.S. dollar.
Food and beverage and merchandise sales increased 15.3% globally, while “other revenues” increased 16.1%, Aron said. Goodman added that food and beverage revenue per patron and total revenue per patron reached all-time highs in both the domestic and international businesses.
Margins Improve as Costs Remain Contained AMC’s adjusted EBITDA margin rose to 20.1% in the second quarter from 13.6% a year earlier. Goodman said roughly $200 million of incremental revenue generated $131.9 million of additional adjusted EBITDA, representing about 66% flow-through.
Aron attributed the margin expansion to rising revenue and cost controls across AMC’s theaters and corporate operations. In response to an analyst question, Aron said the company may not repeat the same level of expense containment every quarter, but management intends to remain focused on keeping costs down.
“We’re going to be maniacal in continuing to try to keep our costs down,” Aron said.
Goodman said second-quarter 2026 general and administrative expenses benefited from an approximately $5.5 million credit related to insurance recoveries.
Balance Sheet Actions Reduce Debt and Interest Expense Executives also highlighted progress on AMC’s balance sheet. Aron said the company has $1.7 billion less debt than it had at the end of 2020 and does not expect significant debt maturities before 2029.
Goodman said AMC refinanced $400 million of debt due in 2027, extending the maturity by four years. The company also eliminated approximately $155.8 million of exchangeable debt due in 2030 through conversion into equity.
AMC completed a $150 million at-the-market equity offering, raising more than $85 million of gross proceeds during the second quarter, Goodman said. The company also recently completed a $200 million registered direct equity offering with several institutional investors. Following that transaction, AMC exercised its right to redeem the remaining $125.5 million of 6.8% senior subordinated notes due in 2027, with redemption scheduled for July 24, 2026.
Goodman said the refinancing and repayment actions reduced go-forward annual cash interest expense by approximately $16 million. He added that lower leverage ratios are expected to trigger interest-rate reductions on about 75% of AMC’s debt, lowering annual interest expense by approximately $51 million.
In response to a question about leverage, Goodman said AMC ultimately would like to reach around a three-times leverage level, though he acknowledged the company is not there yet. He said leverage has improved from a double-digit level to less than 6.5 times.
Premium Formats, Loyalty Programs Remain Strategic Focus AMC executives said loyalty programs and premium formats remain central to the company’s strategy. Aron said more than 40 million U.S. households have participated in AMC Stubs, and Stubs members accounted for just over 50% of AMC’s U.S. guest count in the second quarter.
AMC’s A-List subscription program ended the quarter with more than 1.1 million members, more than double its membership five years earlier, Aron said. A-List members accounted for about 20% of AMC’s U.S. patronage in the quarter.
Goodman said AMC closed seven theaters during the quarter and added six new premium large format auditoriums and 25 new XL auditoriums. Since 2020, AMC has closed 225 locations and opened 66, reducing its global theater count by 159 locations, or about 16% of its circuit. Over the same period, the company has added 77 premium large format auditoriums and 193 XL auditoriums.
Aron said AMC and Odeon now operate about 750 premium or enhanced auditoriums globally, including IMAX, Dolby, iSENSE, PRIME, ScreenX, 4DX and XL screens. He said those auditoriums represent about 8% of AMC’s screen count but generated more than 50% of AMC’s ticket gross for “The Odyssey” over the weekend discussed on the call.
AMC expects 2026 net capital expenditures of $200 million to $235 million. Goodman said the company will remain disciplined and that future capital spending will depend on box office expectations and project-level returns.
Management Expresses Optimism for 2026 Slate Looking ahead, Aron cited the opening of Universal Pictures and Christopher Nolan’s “The Odyssey,” which he said had a media-reported $124 million domestic opening weekend. AMC also said 4.3 million guests attended AMC and Odeon theaters from Thursday to Sunday during that weekend.
Aron said upcoming releases including Sony’s “Spider-Man: Brand New Day,” Warner Bros.’ “Dune: Part Three” and Disney’s “Avengers: Doomsday” support management’s view that 2026 could be the strongest post-pandemic year yet for the domestic and global box office.
Executives said AMC’s annual free cash flow breakeven box office level is currently around $10.4 billion. Aron said the company is “within sight” of being free cash flow positive on a 12-month basis, but is not there yet.
About AMC Entertainment (NYSE:AMC) AMC Entertainment Holdings, Inc operates as a leading movie exhibition company, specializing in the presentation of theatrical motion pictures across a network of multiplex cinemas. The company’s core business activities encompass ticket sales, concession and refreshment services, and the licensing of premium viewing formats. AMC offers a variety of auditorium experiences, including IMAX®, Dolby Cinema™, and Cinemark’s RealD 3D systems, designed to enhance audience engagement through superior sound, visual clarity, and seating comfort.
Originally founded in 1920 with its first theatre in Kansas City, AMC has evolved into one of the largest theater chains in the world.
NEW YORK--(BUSINESS WIRE)---- $REGN #BFA--Regeneron Sued for Securities Fraud after Revealing Failed Phase III Clinical Trial Resulting in 10% Stock Drop – Investors Notified to Contact BFA.
Pressure from President Donald Trump to manufacture advanced semiconductors in the U.S. is increasing costs and squeezing margins at TSMC, the world's leading chipmaker.
Following Trump's return to power in 2025, the president has repeatedly threatened tariffs on companies that don't make their products in America.
Since then, TSMC has announced a total of $200 billion in commitments to the country, including last week's unveiling of a $100 billion investment into advanced semiconductor manufacturing and packaging facilities in the U.S.
While buoyed by the AI boom — TSMC's market cap has risen more than 100% in the past 12 months — blockbuster earnings this quarter were hit by overseas expansion, the company said.
TSMC stock.
Gross margin increased ahead of guidance, but that was offset by dilution from overseas fabs, CFO Wendell Huang said on an earnings call. Margins will be further diluted over the next "several years" as overseas fab projects "ramp-up", he added.
"President Trump's leadership is driving companies to invest in American manufacturing," said Commerce Secretary Howard Lutnick in a statement.
"TSMC's announcement of an additional $100 billion investment following our historic deal on trade and investment with Taiwan will create tens of thousands of American jobs and bring advanced semiconductor manufacturing back to America."
While other Asian chipmakers, including SK Hynix, are developing U.S. facilities, TSMC has made by far the largest commitment. Its aggressive U.S. expansion exposes it to higher production costs, creating a potential headwind for margins.
Political pressureTSMC on Thursday reported a 77.4% jump in second-quarter profit year on year, soaring past estimates and marking another record-breaking quarter for the world's largest contract-chipmaker.
It's also expanding aggressively in the U.S., as the company continues to see a "multi-year demand mega trend" from its customers, TSMC's Huang told CNBC.
Political pressure is another key driver of that overseas expansion.
"Trillions of dollars in investments by TSMC and other semiconductor companies are a result of President Trump's trade and economic policy, from a historic trade deal with Taiwan to renegotiated CHIPS program investments," a White House spokesperson told CNBC.
watch now
Building in the U.S. is considerably more expensive.
"Broadly, we estimate TSMC's US chips to cost 20-50% more than those produced in Taiwan, depending on subsidy timing, tax credit recognition and other cost fluctuations," Phelix Lee, senior equity analyst at Morningstar, told CNBC. Lee added he expected customers to bear more of the higher costs of production.
TSMC is set to raise prices for both advanced and mature chip production by up to 10% in 2027, Nikkei reported on Tuesday. TSMC told CNBC it doesn't comment on pricing.
"What helps TSMC is lack of any material competition," Gaurav Gupta, VP analyst at Gartner, told CNBC.
Because of TSMC's dominance in the leading-edge node market, "a large part of the increased costs would have to be absorbed by its clients, who are looking to diversify or have mandates from the U.S government to purchase local chips," Gupta said.
Margins The company forecasts the gross margin dilution from the ramp-up of overseas fabs in the next several years to be 2% to 3% in the early stages, widening to 3% to 4% in the latter stages, Huang said.
"This is a margin difference TSMC can afford because of its very high overall margins," said Gil Luria, head of technology research at D.A. Davidson. TSMC's second-quarter gross margin was 67.7%, up slightly from 66.2% in the first quarter.
While Trump has doubled down on calls for homegrown manufacturing, "customers have increasingly sought geographical diversification after Covid disrupted the global supply chain," said Morningstar's Lee.
"Customers are bracing for geopolitical, logistical, and other disruptions to the supply chain," he added. "We expect made-in-US pressure to persist beyond Trump, although it is less clear how carrot-and-stick will be distributed."
ImmuPharma PLC (AIM:IMM, FRA:25I), the drug discovery company, has appointed Thermo Fisher Scientific to develop and manufacture the finished form of its experimental diabetes treatment Kapiglucagon.
The US group was chosen after a competitive tender, with its Patheon pharma services arm taking on the drug product workstream.
The appointment follows the recent selection of Swiss group Bachem to manufacture the active ingredient, completing the main manufacturing partnerships for the programme.
Kapiglucagon is a prodrug version of glucagon, a hormone that raises blood sugar, designed for use in Type 1 diabetes.
A prodrug is an inactive compound that converts into the active medicine inside the body, an approach used here to get around glucagon's tendency to be poorly soluble and unstable once mixed into a formulation.
ImmuPharma is targeting dual-hormone artificial pancreas systems, devices that deliver both insulin to lower blood sugar and glucagon to raise it, mimicking the function of a healthy pancreas.
The company is evaluating a 505(b)(2) route in the United States, a regulatory pathway that allows developers to lean on existing safety data for an approved drug rather than repeating the full testing programme.
That approach relies on published data for native glucagon and remains subject to confirmation by the Food and Drug Administration.
Sébastien Goudreau, chief scientific officer, said the appointment strengthened the manufacturing and quality foundation of the programme as it moves towards clinical development.
Jennifer Cannon, president of commercial biopharma services at Thermo Fisher, said her team would support ImmuPharma through key development milestones.
The next stage involves preparing an investigational new drug application, the submission required before human testing can begin in the United States.
ImmuPharma has described Kapiglucagon as a strategic opportunity alongside P140, its lead candidate for the autoimmune disease lupus.
The programme is backed by a funding package approved recently and intended to advance the asset over the next two years.
Brings GTF order backlog to more than 8,000 engines
, /PRNewswire/ -- Farnborough International Airshow – Pratt & Whitney, an RTX (NYSE: RTX) business, has received more than 800 GTF engine orders and commitments since the beginning of 2026. Airlines and lessors that have announced orders so far this year include Abra Group, AirAsia, Azorra, Binter, British Airways, Finnair, Jackson Square Aviation, Luxair, Scoot, Tigerair Taiwan and VietJet. In total, more than 14,000 GTF engine orders and commitments have been placed by more than 90 customers worldwide.
"We see strong demand for the GTF engine and continued confidence in the value it delivers to customers," said Rick Deurloo, president of Commercial Engines at Pratt & Whitney. "The GTF Advantage engine will enter into service later this year and will provide up to twice the time on wing, industry-leading fuel efficiency and even more range capability."
The GTF is the most fuel efficient engine for the single aisle market, delivering up to 20% lower fuel consumption and a 75% smaller noise footprint compared to the prior generation of engines. The engine's revolutionary geared architecture will serve as the foundation for next-generation propulsion technologies and is expected to have accumulated more than 300 million hours of flying time by the mid-2030s.
About Pratt & Whitney
Pratt & Whitney, an RTX business, is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units for military, commercial and civil aviation customers. Since 1925, our engineers have pioneered the development of revolutionary aircraft propulsion technologies, and today we support more than 90,000 in-service engines through our global network of maintenance, repair and overhaul facilities.
About RTX
With more than 180,000 global employees, RTX pushes the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.
For questions or to schedule an interview, please contact [email protected]
Collins Aerospace lab completes Clean Aviation SWITCH testing and moves on to LEIA project
, /PRNewswire/ -- Farnborough International Air Show – Collins Aerospace, an RTX (NYSE: RTX) business, has completed integrated lab testing for the European Union's Clean Aviation SWITCH project at The Grid, its advanced electric power systems lab in Rockford, Ill. The tested hybrid-electric powertrain subsystems, which successfully operated with simulated aircraft and engine systems, are now headed to Airbus's laboratories for further aircraft level integration testing, including work on aircraft design, battery interfacing and energy-management systems.
"This is the largest integrated systems test conducted at The Grid since its opening in 2023," said Kristin Smith, vice president of Electric Power Systems at Collins Aerospace. "By combining our technology expertise with deep industry collaboration, we are demonstrating how hybrid-electric systems can significantly reduce fuel consumption for next-generation aircraft."
SWITCH aims to improve engine efficiency for future short- and medium-range aircraft by integrating hybrid-electric systems on a Pratt & Whitney GTF™ engine, including two Collins megawatt class motor generators and controllers. Testing at The Grid was supported by Pratt & Whitney teams who performed powertrain system integration and supplied the hybrid-electric engine controller, and Airbus teams who supplied the interface controller to the aircraft energy-management system. GKN Aerospace delivered the high-voltage wiring system.
Next, The Grid will support the Airbus-led LEIA (Large scalE Integration demonstrator of hybrid electrical Architecture) project, where Collins is technical lead for energy sources. This Clean Aviation demonstrator advances components and aircraft systems for future hybrid-electric short- and medium-range aircraft, including high voltage generation and distribution.
Collins will deliver advanced aircraft electric system technologies, including four scalable electric motor/generators, next-generation electronic controllers, power distribution equipment, and cabin pressure and ventilation control systems to enhance reliability and passenger comfort. The Nördlingen, Germany site will supply solid-state power controllers and power distribution panels to replace mechanical circuit breakers and relays boosting reliability and reducing weight. LEIA testing will occur across several sites, including The Grid, with additional work at Collins' facilities in Toulouse, France; Frankfurt, Germany; Cork, Ireland; Rome, Italy; and Solihull, UK.
According to Pierre Durel, Project Officer at Clean Aviation, "SWITCH & LEIA are essential building blocks to make the hybrid-electric short- and medium-range aircraft become a reality: they show the power of collaboration within Europe and beyond." He adds that Clean Aviation is "very much looking forward to the results of the demonstration tests due to be carried out in 2027."
Both SWITCH and LEIA build on the ongoing collaboration between Collins and several partners across multiple Clean Aviation projects, including HECATE and AWATAR, which advance electrification technologies for future regional and short-and-medium range aircraft. Collins also contributes to Clean Aviation's newest ultra-efficient regional aircraft projects, including OSYRYS and PHARES. MTU Aero Engines coordinates the SWITCH project.
About Collins Aerospace
Collins Aerospace, an RTX business, provides advanced aerospace and defense solutions across avionics, aircraft interiors, aerostructures and engine components, mission systems, and power and control systems. Our global employees are dedicated to delivering innovative technologies to enhance aircraft performance, passenger comfort, operational safety and reliability.
About RTX
With more than 180,000 global employees, we push the limits of technology and science to redefine how we connect and protect our world. With industry-leading capabilities, we advance aviation, engineer integrated defense systems for operational success, and develop next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2025 sales of more than $88 billion, is headquartered in Arlington, Virginia.
About the Clean Aviation Joint Undertaking
The Clean Aviation Joint Undertaking is the European Union's leading research and innovation programme for transforming aviation towards a sustainable and climate-neutral future. It is a successful European public-private partnership between the European Commission through Horizon Europe, the EU research and innovation programme, and the European aeronautics industry. It has a budget of €4.1 billion divided into €1.7 billion in EU funding and no less than €2.4 billion in private funding. The programme's disruptive clean aviation technologies will help reduce the emission footprint of short-medium range and regional aircraft by no less than 30% compared to 2020 state-of-the-art aircraft. Clean Aviation builds on the knowledge and expertise of the Clean Sky programmes (2008-2024).
For questions or to schedule an interview, please contact [email protected].
NEW YORK--(BUSINESS WIRE)--Morgan Stanley Wealth Management today announced the results of its quarterly retail investor pulse survey: Bullishness ticks up. Over three in five (62%) investors are bullish this quarter, up from 56% last quarter, while 66% expect markets to move higher by quarter-end compared to 55% in Q2. Concern for volatility remains pronounced, but eases slightly. Fewer investors expect volatility to rise this quarter, with 61% anticipating an increase compared to 63% last qua.
Broadcom remains essential in global tech, supplying critical chips and enabling hyperscalers to build custom silicon, challenging Nvidia's dominance. The renewed $30 billion, 6-year Apple deal secures AVGO's position in Apple's supply chain, maintaining a ~$5 billion annual revenue stream. AVGO's collaboration with OpenAI on custom AI processors highlights its role as an irreplaceable 'pick and shovel' provider in the AI infrastructure shift.
Bitmine possiede il 4,8% dell'offerta totale di ETH pari a 120,7 milioni
Bitmine ha raggiunto il 96% dell'obiettivo "Alchemy of 5%" in soli 12 mesi
Nell'ultima settimana, Bitmine ha riacquistato 5,5 milioni di azioni ordinarie, autorizzate nell'ambito del programma di riacquisto di azioni da 4 miliardi di dollari comunicato in precedenza
Bitmine è stata aggiunta all'indice Russell 1000 Large-cap il 26 giugno 2026
Le azioni privilegiate di Serie A di Bitmine saranno negoziate sul NYSE con il simbolo BMNP
Bitmine detiene 4.917.189 ETH in staking, pari a 9,2 miliardi di dollari al prezzo di 1.879 dollari per ETH MAVAN (Made in America VAlidator Network) è una delle principali destinazioni di staking Ethereum per BMNR e investitori istituzional
Bitmine possiede 58 milioni di dollari di Eightco (NASDAQ: ORBS), attualmente uno dei pochi titoli quotati in borsa al mondo che offre agli investitori un'esposizione diretta a OpenAI
Bitmine Crypto + totale disponibilità in contanti + "Moonshots" ammontano a 11,5 miliardi di dollari, inclusi 5,78 milioni di token ETH, liquidità totali e titoli negoziabili pari a 385 milioni di dollari, e altre disponibilità in criptovalute
Bitmine continua a essere sostenuta da un gruppo di investitori istituzionali di primario livello, tra cui ARK di Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital e l'investitore privato Thomas "Tom" Lee a sostegno dell'obiettivo di Bitmine di acquisire il 5% di ETH
, /PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion Technologies, Inc. ("Bitmine" o la "Società"), una società attiva nelle reti Bitcoin ed Ethereum e specializzata nell'accumulo di criptovalute per investimenti a lungo termine, ha annunciato oggi che le sue partecipazioni in criptovalute + liquidità totale e titoli negoziabili + "moonshot" ammontano complessivamente a 11,5 miliardi di dollari.
Bitmine Weekly Update
STAKING: BMNR now staking over 4.9 million ETH as of July 19, 2026
ALCHEMY OF 5%: BMNR ranked #187 by 5D avg daily $ volume Alle 20:30 ET del 19 luglio 2026, le partecipazioni in criptovalute della Società comprendono 5.777.468 ETH al prezzo di 1.879 dollari per ETH (NASDAQ: COIN), 207 Bitcoin (BTC), una partecipazione di 180 milioni di dollari in Beast Industries e una di 58 milioni di dollari in Eightco Holdings (NASDAQ: ORBS) ("moonshots"), e una liquidità totale e titoli negoziabili pari a 385 milioni di dollari. Le partecipazioni in ETH di Bitmine rappresentano il 4,8% dell'offerta di ETH (pari a 120,7 milioni di ETH).
"Nell'ultima settimana, Bitmine ha riacquistato circa 5,5 milioni di azioni ordinarie a un prezzo medio di 15,6156 dollari. Riteniamo l'acquisto delle nostre azioni ordinarie come un elemento che incrementa il valore per gli azionisti", ha affermato Thomas "Tom" Lee, Presidente di Bitmine.
Bitmine ha eseguito il riacquisto di 5,5 milioni di azioni ordinarie nell'ambito del programma di riacquisto di azioni da 4 miliardi di dollari autorizzato in precedenza.
"Nell'ultima settimana, abbiamo acquisito 7.430 ETH. Il ritmo ridotto degli acquisti riflette il fatto che Bitmine ha riacquistato 5,5 milioni di azioni ordinarie. Bitmine ha acquistato ETH ogni settimana sin dall'inizio della strategia di tesoreria ETH, il 30 giugno 2025", ha affermato Lee.
Il 16 luglio 2026, Bitmine ha pubblicato l'ultimo messaggio del presidente (link qui) per il mese luglio 2026. Il titolo del messaggio è "ETH è la cura per la Valle perturbante della ricchezza".
All'inizio del 2026, Bitmine ha lanciato MAVAN (Made in American VAlidator Network), la piattaforma di staking di livello istituzionale. Sebbene sia stata originariamente sviluppata per supportare il tesoro Ethereum di Bitmine, MAVAN intende ampliarsi per raggiungere investitori istituzionali, custodi e partner dell'ecosistema alla ricerca della migliore infrastruttura di staking. Una parte degli ETH di Bitmine è già in staking sulla piattaforma MAVAN.
Al 19 luglio 2026, il totale di ETH in staking su Bitmine ammonta a 4.917.189 (9,2 miliardi di dollari al prezzo di 1.879 dollari per ETH). "Bitmine ha messo in staking più ETH di qualsiasi altra entità al mondo. Su larga scala (quando l'ETH di Bitmine è interamente messo in staking da MAVAN e dai suoi partner di staking), il rendimento previsto dallo staking di ETH è di 290 milioni di dollari all'anno (utilizzando un rendimento BMNR a 7 giorni del 2,67%)", ha dichiarato Lee.
"I ricavi annuali derivanti dallo staking sono attualmente pari a 247 milioni di dollari. E questi 4,9 milioni di ETH rappresentano oltre l'85% dei 5,78 milioni di ETH detenuti da Bitmine. Le operazioni di staking di Bitmine hanno generato un rendimento su 7 giorni del 2,67% (su base annua)", ha proseguito Lee.
La holding in criptovalute Bitmine è al 1° posto delle tesorerie Ethereum e al 2° posto delle tesorerie globali, dietro a Strategy Inc., che secondo quanto riferito possiede 843.775 BTC per un valore di circa 55 miliardi di dollari. Bitmine si conferma la più grande tesoreria di ETH al mondo.
Bitmine è uno dei titoli più scambiati negli Stati Uniti. Secondo i dati di Fundstrat, il titolo ha registrato un volume medio giornaliero di negoziazioni pari a 579 milioni di dollari (media a 5 giorni, al 17 luglio 2026), classificandosi al 187° posto negli Stati Uniti, dietro AirBnB (186° posto) e davanti a Fastenal (188° posto) tra 5.704 titoli quotati negli Stati Uniti (statista.com e ricerca di Fundstrat).
Il management di Bitmine ritiene che il GENIUS Act e il Project Crypto della Securities and Exchange Commission ("SEC") rappresentino, per i servizi finanziari nel 2025, una trasformazione pari a quella determinata dall'azione intrapresa dagli Stati Uniti il 15 agosto 1971, che pose fine al sistema di Bretton Woods e al gold standard del dollaro statunitense 54 anni fa. Questo evento del 1971 fu il catalizzatore della modernizzazione di Wall Street, dando vita agli iconici titani di Wall Street e alle infrastrutture finanziarie e di pagamento odierne. Questi investimenti si sono rivelati più efficaci dell'oro.
Il messaggio del Presidente è disponibile qui:
https://www.Bitminetech.io/chairmans-message
La presentazione degli utili dell'intero esercizio 2025 e la presentazione aziendale sono disponibili qui: https://Bitminetech.io/investor-relations/
Per tutti gli aggiornamenti, è possibile registrarsi all'indirizzo: https://Bitminetech.io/contact-us/
Informazioni su Bitmine
Bitmine (NYSE: BMNR) è un miner di Bitcoin con attività negli Stati Uniti. La società sta utilizzando il proprio capitale in eccesso per diventare la principale società di tesoreria di Ethereum al mondo, implementando un'innovativa strategia di asset digitali per investitori istituzionali e operatori del mercato pubblico. Guidata dalla sua filosofia della "alchimia del 5%", la Società è impegnata a utilizzare ETH come principale asset di riserva di tesoreria, sfruttando attività native a livello di protocollo, tra cui lo staking e i meccanismi di finanza decentralizzata. Nel 2026, la società ha lanciato MAVAN (Made-in America VAlidator Network), un'infrastruttura di staking dedicata per gli asset Bitmine.
Per ulteriori dettagli, seguiteci su X:
https://x.com/bitmnr
https://x.com/fundstrat
Dichiarazioni previsionali
Il presente comunicato stampa contiene dichiarazioni che costituiscono "dichiarazioni previsionali" ai sensi del Private Securities Litigation Reform Act del 1995. Le dichiarazioni contenute nel presente comunicato stampa che non sono puramente storiche sono dichiarazioni previsionali che comportano rischi e incertezze. Queste dichiarazioni previsionali possono essere identificate da termini quali "prevede", "progetta", "progettato", "intende", "crede", "anticipa", "stima" ed espressioni simili. Il presente documento contiene dichiarazioni previsionali riguardanti, in particolare: (i) gli obiettivi della Società in merito all'acquisizione di ETH, tra cui l'iniziativa "Alchemy of 5%" e la dichiarazione, secondo cui Bitmine ha raggiunto il 96% di tale obiettivo; (ii) la strategia della Società di accumulo di asset digitali e le operazioni di staking, incluso il dato relativo ai 4.917.189 ETH in staking detenuti da Bitmine (pari a 9,2 miliardi di dollari), le ricompense annualizzate previste per lo staking di ETH (circa 290 milioni di dollari, quando MAVAN e i partner di staking hanno totalmente in staking l'ETH di Bitmine) e gli attuali ricavi annualizzati previsti dallo staking (circa 247 milioni di dollari); (iii) l'espansione prevista da MAVAN per servire investitori istituzionali, custodi e partner dell'ecosistema che cercano la migliore infrastruttura di staking; (iv) il costante impegno della Società nell'acquisizione settimanale di ETH nell'ambito della propria strategia di tesoreria in ETH; (v) la convinzione del management che il GENIUS Act e il SEC Project Crypto abbiano per i servizi finanziari una portata trasformativa analoga a quella del provvedimento statunitense del 15 agosto 1971 che pose termine a Bretton Woods e al gold standard del dollaro USA; (vi) le aspettative relative al programma di riacquisto di azioni da 4 miliardi di dollari e al valore incrementale per gli azionisti; (vii) le dichiarazioni, secondo cui l'investimento della Società in Eightco Holdings offre un'esposizione indiretta a OpenAI; e (viii) la crescita e il progresso futuri della strategia di tesoreria Ethereum della Società. Nel valutare tali dichiarazioni previsionali, occorre considerare vari fattori, tra cui: la capacità di Bitmine di stare al passo con le nuove tecnologie e le mutevoli esigenze del mercato; la capacità di Bitmine di finanziare la propria attività attuale, le operazioni di tesoreria di Ethereum, le operazioni di riacquisto delle azioni, e le attività future proposte; il contesto competitivo in cui opera Bitmine; le condizioni di mercato che influenzano il prezzo di negoziazione delle azioni ordinarie e delle azioni privilegiate di Serie A della Società; gli sviluppi normativi che riguardano gli asset digitali, tra cui l'emanazione e l'attuazione definitiva della legislazione in corso e delle iniziative della SEC; la volatilità e l'imprevedibilità dei prezzi degli asset digitali; le prestazioni, l'affidabilità e la sicurezza delle operazioni di staking della Società; i rischi riguardanti i sistemi di IA e il relativo impatto sui mercati delle criptovalute; e il valore futuro di Bitcoin ed Ethereum. Le prestazioni future e i risultati futuri effettivi potrebbero differire notevolmente da quelli espressi nelle dichiarazioni previsionali. Le dichiarazioni previsionali sono soggette a numerose condizioni, molte delle quali esulano dal controllo di Bitmine, comprese quelle indicate nella sezione "Fattori di rischio" del modulo 10-K di Bitmine depositato presso la SEC il 21 novembre 2025, nonché in tutti gli altri documenti depositati presso la SEC, modificati o aggiornati di volta in volta. Le copie dei documenti depositati da Bitmine presso la SEC sono disponibili sul sito web della SEC all'indirizzo www.sec.gov. Bitmine non si assume alcun obbligo di aggiornare tali dichiarazioni in seguito a revisioni o modifiche successive alla data del presente comunicato, salvo quanto previsto dalla legge.
Vitro Diagnostics (OTCMKTS:VODG – Get Free Report) and Biogen (NASDAQ:BIIB – Get Free Report) are both medical companies, but which is the better investment? We will contrast the two businesses based on the strength of their risk, analyst recommendations, valuation, institutional ownership, profitability, earnings and dividends.
Profitability This table compares Vitro Diagnostics and Biogen’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Vitro Diagnostics -444.35% N/A -195.51% Biogen 13.81% 12.83% 8.01% Institutional & Insider Ownership 87.9% of Biogen shares are owned by institutional investors. 27.7% of Vitro Diagnostics shares are owned by company insiders. Comparatively, 0.3% of Biogen shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
Analyst Recommendations This is a breakdown of current ratings and recommmendations for Vitro Diagnostics and Biogen, as provided by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Vitro Diagnostics 0 0 0 0 0.00 Biogen 2 12 17 1 2.53 Biogen has a consensus target price of $220.57, indicating a potential upside of 8.57%. Given Biogen’s stronger consensus rating and higher probable upside, analysts plainly believe Biogen is more favorable than Vitro Diagnostics.
Valuation and Earnings This table compares Vitro Diagnostics and Biogen”s gross revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Vitro Diagnostics $2.06 million N/A -$10.85 million ($2.21) -0.18 Biogen $9.89 billion 3.03 $1.29 billion $9.32 21.80 Biogen has higher revenue and earnings than Vitro Diagnostics. Vitro Diagnostics is trading at a lower price-to-earnings ratio than Biogen, indicating that it is currently the more affordable of the two stocks.
Summary Biogen beats Vitro Diagnostics on 11 of the 12 factors compared between the two stocks.
About Vitro Diagnostics (Get Free Report)
Vitro Diagnostics, Inc., doing business as Vitro Biopharma, focuses on the development, manufacture, and distribution of stem cell products and related tools for use in research, drug discovery, and clinical trials in the United States. Its stem cell technology includes cell lines, supporting products, and methods for generation and differentiation of stem cells into products for the treatment of diseases, such as heart disease, arthritis, multiple sclerosis, brain injury, autism, stroke, Parkinson's, and Alzheimer's diseases. The company also offers Tools for Stem Cell and Drug Discovery that provide researchers basic tools needed to advance stem cell technology, including stem cells and their derivatives; media for growth and differentiation of stem cells; and tools for measurement of stem cell quality, potency, and response to toxic agents. In addition, it offers MSC-Gro, a cell culture media product; MSC cell line for the treatment of skeletal muscular conditions, such as tendonitis, ligament injury, osteoarthritis and accelerated bone fracture healing, etc.; and testing and therapies related to endogenous stem cell activation. Further, the company provides diagnostic testing of stem cell activation and determination of stem cell functional status; and cell-based assays for discovery of novel stem cell activation agents and drugs for the treatment of osteoporosis. Vitro Diagnostics, Inc. was founded in 1986 and is based in Golden, Colorado.
About Biogen (Get Free Report)
Biogen Inc. discovers, develops, manufactures, and delivers therapies for treating neurological and neurodegenerative diseases in the United States, Europe, Germany, Asia, and internationally. The company provides TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, TYSABRI, and FAMPYRA for multiple sclerosis (MS); SPINRAZA for spinal muscular atrophy; ADUHELM to treat Alzheimer’s disease; FUMADERM to treat plaque psoriasis; BENEPALI, an etanercept biosimilar referencing ENBREL; IMRALDI, an adalimumab biosimilar referencing HUMIRA; FLIXABI, an infliximab biosimilar referencing REMICADE; and BYOOVIZ, a ranibizumab biosimilar referencing LUCENTIS. It offers RITUXAN for treating non-Hodgkin’s lymphoma, chronic lymphocytic leukemia (CLL), rheumatoid arthritis, two forms of ANCA-associated vasculitis, and pemphigus vulgaris; RITUXAN HYCELA for non-Hodgkin’s lymphoma and CLL; GAZYVA to treat CLL and follicular lymphoma; OCREVUS for relapsing MS and primary progressive MS; LUNSUMIO to treat relapsed or refractory follicular lymphoma; glofitamab for non-Hodgkin’s lymphoma; and other anti-CD20 therapies. In addition, the company is developing various products for the treatment of MS, Alzheimer’s disease and dementia, neuromuscular disorders, Parkinson’s disease and movement disorders, neuropsychiatry, genetic neurodevelopmental disorders, and biosimilars, which are under various stages of development. It has collaboration and license agreements with Acorda Therapeutics, Inc.; Alkermes Pharma Ireland Limited; Denali Therapeutics Inc.; Eisai Co., Ltd.; Genentech, Inc.; Neurimmune SubOne AG; Ionis Pharmaceuticals, Inc.; Samsung Bioepis Co., Ltd.; Sangamo Therapeutics, Inc.; and Sage Therapeutics, Inc., as well as collaboration with Fujirebio to potentially identify and develop blood-based biomarkers for tau pathology in the brain. The company was founded in 1978 and is headquartered in Cambridge, Massachusetts.
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SANTA CLARA, Calif. & SUNNYVALE, Calif.--(BUSINESS WIRE)--Intel and Fortinet Collaborate to Advance Cybersecurity Innovation and Strengthen Global Supply Chain Resilience.