Daily Point
_ Dow Jones 52,925.15 (+1.42%)
_ S&P 500 7,503.85 (+0.85%)
_ Nasdaq 25,818.69 (-0.01%)
_ Bitcoin 62,001.81 (-1.72%)
Topline Signals
- Meta Platforms: The company has committed to $125 billion to $145 billion in 2026 capital expenditures, more than doubling its 2025 outlay of $72.215 billion.
- Samsung Electronics: Preliminary second-quarter operating profit rose nearly 20-fold year-over-year to 89.4 trillion won, or approximately $58 billion.
- US Inflation: May CPI inflation rose to 4.2% year-over-year, marking its highest level since April 2023 and remaining well above the Federal Reserve's 2% target.
Good day.
The daily fluctuations of the market—with the Dow and S&P 500 grinding higher while the Nasdaq and Bitcoin experience minor pullbacks—are merely background noise to the disciplined investor. Today's sharp selloff in semiconductor and memory stocks, triggered paradoxically by Samsung's spectacular twenty-fold surge in operating profit to fifty-eight billion dollars, is a classic "buy the rumor, sell the news" event. For those of us with skin in the game, these short-term panics in high-quality assets represent premier accumulation windows. The structural reality of the artificial intelligence mega-trend remains entirely intact, underscored by Google Cloud's staggering four hundred and sixty-two billion dollar backlog and Meta's commitment of up to one hundred and forty-five billion dollars in capital expenditures for this year alone.
As we look ahead to the FOMC meeting minutes and next week's crucial CPI data, macro liquidity remains the ultimate arbiter of asset prices. With inflation stubbornly hovering at four point two percent and the Federal Reserve's rate pause stretching past two hundred days, the cost of capital will remain elevated. This environment demands that we focus on businesses with fortress balance sheets and negative cash conversion cycles, such as Dell, or those providing critical energy infrastructure to power-hungry data centers.
In the digital asset space, Bitcoin's temporary consolidation below sixty-three thousand dollars coincides with MicroStrategy's transition to active capital management, having sold two hundred and sixteen million dollars in Bitcoin to fund preferred obligations. While critics interpret this as a breach of the "never sell" narrative, it actually signals the maturation of cryptocurrency into a highly flexible corporate treasury lever. True financial independence is achieved not by trading these daily swings, but by aggressively capitalizing on these structural capital cycles when the impatient hand over their shares at a discount. Keep your eyes on the horizon, ignore the terminal noise, and let compounding do the heavy lifting.
Weekly Schedule
8 Jul (Wednesday)
Crude Oil Inventories
Cushing Crude Oil Inventories
Atlanta Fed GDPNow
10-Year Note Auction
FOMC Meeting Minutes
Consumer Credit
9 Jul (Thursday)
Initial Jobless Claims
Continuing Jobless Claims
FOMC Member Williams Speaks
Existing Home Sales
Existing Home Sales
30-Year Bond Auction
10 Jul (Friday)
German CPI
IEA Monthly Report
WASDE Report
U.S. Baker Hughes Oil Rig Count
U.S. Baker Hughes Total Rig Count
CFTC S&P 500 speculative net positions
CFTC Nasdaq 100 speculative net positions
CFTC Gold speculative net positions
CFTC Crude Oil speculative net positions
11 Jul (Saturday)
12 Jul (Sunday)
13 Jul (Monday)
OPEC Meeting
Federal Budget Balance
14 Jul (Tuesday)
ADP Employment Change Weekly
Core CPI
CPI
Core CPI
CPI
TIC Net Long-Term Transactions
API Weekly Crude Oil Stock
GDP
General
Mortgage and refinance interest rates today, Tuesday, July 7: Rates moving lower
According to the Zillow lender marketplace, the average 30-year fixed rate is 6.36%, down 4 basis points since yesterday. The MBA expects the 30-year mortgage rate to be near 6.50% through 2026. Fannie Mae predicts a 30-year average rate of 6.4% for the rest of the year. Mortgage rates are likely to remain little changed in 2027. The MBA forecasts 30-year fixed rates of 6.5% for all of 2027. However, Fannie Mae is slightly more optimistic and predicts average rates to hold near 6.3% for most of 2027.
Trump Eyes Australia-Style Retirement Account. Here’s What It Would Mean for a Worker Whose Whole Plan Is Social Security.
The 2026 cost-of-living adjustment (COLA) is 2.8%, tied to CPI-W, the consumer price index for urban wage earners that the Social Security Administration uses to measure inflation each fall. That linkage means her benefit automatically rises when everyday prices rise, something a market-based account cannot promise.
The Case for Holding VO in Your Roth IRA
VO is up 200.7% over the past 10 years, and outside a Roth that gain eventually meets the capital gains schedule. Inside a Roth, it does not. VO closed near $81 on July 6, 2026, up 14.1% over the trailing year and 35.9% over five years. That trajectory, compounded tax-free, is the core Roth argument here. Trailing distributions of $4.42 in 2025, $3.94 in 2024, and $3.53 in 2023 show a clear growth trajectory. Assume a $500,000 VO position generating roughly $8,000 in annual qualified dividends. At the 24% ordinary bracket (income over $105,700 single, $211,400 joint for 2026), qualified dividends are taxed at 15%. A $500,000 VO position held over the past decade would have grown to roughly $1.5 million based on the fund's 200.72% ten-year return.
Will the Federal Reserve Crush the Small-Cap Stock Revival?
Over the past 12 months, the Russell 2000 has gained 33.8%, comfortably ahead of the S&P 500's 20% return. Interest expense now consumes 31% of EBITDA for Russell 2000 companies, the highest level in at least six years. Just five years ago, that figure was roughly half as large.
Here Are Tuesday’s Best Wall Street Analyst Research Calls: Adobe, American Airlines, Broadcom, First Solar, Meta Platforms, Shopify, Space-X, Ventas, Waste Managment, and More
The Nasdaq finished the day up 1.12% at 26,121, while the S&P 500 posted a strong Monday closing at 7,537, up 0.72%. The small-cap heavy Russell 2000 also posted a winning session, closing up 0.61% at 3,014.
Gold prices today, Tuesday, July 7, 2026: Hanging around $4,200
Gold (GC=F) August futures opened at $4,176.40 per troy ounce on Tuesday, July 7, 2026, up 0.2% from Monday's closing price. The chance of a July rate increase last week was 33.1%. One year ago: +26.3% The precious metal's one-year gain was 95.6% on Jan. 29. According to gold experts, would-be gold investors should understand these four risks: - Price - Speculation - Opportunity cost - Fraud
Silver prices today, Tuesday, July 7, 2026: Silver prices holding near $62
Silver (SI=F) September futures opened at $62.52 per ounce on Tuesday, July 7, 2026, 0.3% higher than Monday's closing price. The price of silver is stable this morning at $62.10 per ounce as of 8:38 a.m. ET. According to CME Group's FedWatch tool, there is currently a 25.1% chance the Fed will raise rates following the end-of-July meeting, down from 33.1% a week ago. One year ago: +68.6% For context, silver's year-over-year growth was 173.3% on May 14. Experts with BlackRock and J.P. Morgan agree that the outlook for silver remains strong, and its price will increase. By the end of 2026, experts predict silver's price will surpass $80 per ounce, and it could reach $100 per ounce by 2030.
A $300 Billion Bomb Is About to Land on the Fed, and Nobody Agrees What Happens Next
Core PCE at its 90th percentile and a $300 billion fiscal package arriving in September threaten to break the Fed's 200-day rate pause. The backdrop makes the stakes obvious. The Fed has held the upper bound of the funds rate at 3.75% since December 11, 2025, a pause that has now stretched past 200 consecutive days. Core PCE, the Fed's preferred inflation gauge, keeps grinding higher, with the index climbing every single month for the past year and sitting in the 90.9th percentile of its 12-month range. Treyz told CNBC that "there's about to be a big fiscal spend package that passes at the end of September, and it could easily be in the $300 billion and up range," and that the Fed and rates will "have to digest" it. Fiscal spending of that size lands on an economy not starving for stimulus. Real GDP grew 2.1% in the first quarter of 2026, with gross private investment rebounding to 7.9%.
The Average 65-Year-Old Has $267,900. Here’s the Tax Bracket Surprise Waiting at 73.
The Average 65-Year-Old Has $267,900. Here’s the Tax Bracket Surprise Waiting at 73. Every dollar in a traditional 401(k) or IRA has never been taxed. The government deferred the bill rather than passing it. Under current rules, required minimum distributions begin at age 73, and the first withdrawal is due by April 1 of the year after a retiree turns 73. The distribution is calculated using an IRS life expectancy table, and the amount lands on the tax return as ordinary income, whether the retiree needs the cash or not. The 2026 federal tax brackets tax a single filer at 12% on income over $12,400, 22% on income over $50,400, and 24% on income over $105,700. For married couples filing jointly, the 22% bracket starts at $100,800 and the 24% bracket at $211,400. The first distribution is a small slice of the balance, but it stacks on top of benefits and any interest or CD income. The 1.65% national average 12-month CD rate looks harmless on its own, and the 4.44% yield on the 10-year Treasury remains modest. Combined with a distribution, these sources can push a household from the 12% bracket into the 22% bracket in a single tax year. Up to 85% of benefits become taxable once combined income crosses relatively low thresholds that have not been indexed for inflation in decades. A retiree collecting an average benefit, boosted by the 2.5% 2026 COLA, may have assumed those checks were tax-free. Adding a distribution on top often changes that math. The personal savings rate has fallen from 6.2% in early 2024 to 3.9% in the first quarter of 2026, while per capita disposable income has climbed to $68,391. Households are earning more and saving less, which leaves fewer levers to pull once distributions begin. Roth IRAs are not subject to RMDs during the owner's lifetime.
Trump’s War on the Fed Isn’t Over, and Wall Street Is Still Betting on a Rate Hike
Markets now price a 64% chance of a rate hike by year-end, with Core PCE and CPI both at 12-month highs and unemployment at 4%. Removing Cook would hand Trump a decisive board majority, but a politicized Fed cutting into inflation would likely drive the 30-year yield above 4.98%.
Consumers dread rising healthcare, rent costs: New York Fed
Median inflation expectations for the year ahead rose in June to 3.7%, according to the New York Fed's June survey of consumer expectations. That's the highest since September 2023, when the economy was recovering from a brutal surge in prices the previous year. Expectations for inflation over the next three years also climbed to 3.3%, the most since June 2022, when inflation peaked at a 40-year high of 9.1%. As for where they see those price increases hitting, consumers anticipate big swings coming for healthcare and rent, with medical costs surging 9.4% and rent growing 8.3% in the next year. They were most sanguine about gas costs: Consumers' price change expectations for fuel dipped to the lowest level since August 2022. Respondents also felt smaller price hikes were ahead for food and college education. While the average rental price in the US is currently tracking below last year's levels when looking across all property types, reaching $2,014 as of July 5, according to Zillow, some markets are seeing strain. Average rents are up compared to a year ago in Chicago, for example. The price hike story is clearer in healthcare. After pandemic-era enhanced premium tax credits expired at the end of last year, premiums and deductibles were expected to surge, contributing to millions of people dropping coverage. Amid this price squeeze, workers' pay is currently not keeping pace with inflation. But consumers in the New York Fed's survey did anticipate pay raises in the year ahead: Their median earnings growth expectations rose to 2.8% in June, the highest since March 2025.
NY Fed survey reports rising near-term inflation expectations in June
Inflation a year from now was seen at 3.7% in June, up from 3.5% in May, for the highest reading since September 2023, the bank said in its latest Survey of Consumer Expectations. The overall May personal consumption expenditures price index was up by 4.1% in May from the same month a year ago, from April's 3.8% gain. Fed officials closely track inflation expectations because most agree where the public thinks price pressures will go strongly influences where price pressures currently stand. In his first press conference as Fed Chairman, Kevin Warsh said last month that "I am pleased to report that members of the [Federal Open Market Committee] are unambiguous and unanimous: This Committee will deliver price stability." The Fed left its interest rate target range unchanged at the June policy meeting at between 3.5% and 3.75%, although a number of central bankers then eyed the need for rate hikes later this year given inflation worries. Inflation three years from now was seen at 3.3% from May's 3.1%, with the June reading at its highest level since June 2022.
A 29-Year-Old With $550K Saved Asked If He Could Retire at 50. Ramsey’s Answer: “You’ll Likely Have About $5 Million”
The Consumer Price Index sat at 334.0 in May 2026, up 0.5% from the prior month. Core PCE, the Fed's preferred gauge, reached 130.08 in May 2026, also climbing month over month.
Yardeni: AI is the real deal, not a bubble; targets S&P 500 at 8,250 by year-end
Yardeni targets S&P 500 at 8250 by year-end 2026, implying double-digit upside from current levels despite SPY already gaining 20% over the past year. Bureau of Economic Analysis data show total U.S. corporate profits reached $4,426.5 billion in Q1 2026, up 12.8% year over year, an acceleration from 9.6% in Q4 2025. The June jobs report showed payroll growth of 57,000—roughly half the consensus forecast—while total nonfarm payroll employment rose to a record 158.984 million.
The Dividend Growth Snowball: How Modest Income Today Can Become Serious Income Later
The CPI-U reached 335.123 in May 2026, up 4.2% from a year earlier, so that matters. $80,000 divided by 0.06 equals roughly $1,333,000. $80,000 divided by 0.11 equals roughly $727,000.
The Federal Reserve's Initial July Inflation Forecast Looks Fantastic on the Surface, but Something Sinister Lurks in the Details
BREAKING: May CPI inflation rises to 4.2%, the highest level since April 2023. -- The Kobeissi Letter (@KobeissiLetter) June 10, 2026 Core CPI inflation also rises to 2.9%, the highest since September 2025. Inflation in the US is officially back above 4% and more than double the Fed's target. Odds of Fed rate hikes are rising. The Fed's preferred measure of inflation (Core PCE) moved up to 3.4% in May, the highest level since October 2023. -- Charlie Bilello (@charliebilello) June 25, 2026 This was the 63rd consecutive reading above the Fed's 2% target level. The inflation devil is in the details. While broad inflation is projected to notably decline in June and July, Core Personal Consumption Expenditures (PCE), which excludes volatile food and energy costs, is projected to rise from 3.4% in May to 3.43% in June and 3.47% in July. The latest forecast from the Federal Reserve Bank of Cleveland, partial relief awaits on the inflation front. The silver lining for consumers and Wall Street is that crude oil prices have plunged in the wake of peace talks between the U.S. and Iran. West Texas Intermediate crude oil falling back below $70/barrel has the Cleveland Fed forecasting TTM inflation of 3.92% in June and 3.49% in July (as of the July 2 update).
Bitcoin
Bitcoin can fall below $58K if one of its 'cleanest' metrics copies history: Analysis
Bitcoin NUPL metric data suggested that BTC price action should make new cycle lows in order to preserve historical patterns. The onchain metric involved was Net Unrealized Profit/Loss (NUPL), which measures the portion of the supply being held at a higher or lower price versus that at which it last moved. Its score is currently 0.158, a level last seen in early 2023. At just above $60,000, BTC/USD corresponds to an NUPL 100-day EMA of 0.215, signalling plenty of room left to drop in order to match previous bear-market lows. No time frame was given for when the next bottom could occur, with CryptoQuant specifying the zero line as the “level to watch in the coming weeks.”
Strategy $216M Bitcoin Sale May Boost Its Price, Says Grayscale — How High Could It Go?
Strategy sold 3,588 Bitcoin worth $216 million to fund preferred security dividends. Grayscale says the sale could be bullish for Bitcoin. Bitcoin's next move will depend on institutional demand. Strategy's decision to sell $216 million in Bitcoin to strengthen its cash position could ultimately support crypto prices by easing investor concerns about the company's financing model, according to Grayscale Research. Michael Saylor's firm disclosed on Monday that it sold 3,588 Bitcoin between June 29 and July 5. It marks the second Bitcoin sale in recent weeks after years of maintaining and promoting a strict buy-and-hold strategy. Strategy Expands Bitcoin Sales to Rebuild Cash Reserves Strategy said it raised approximately $216 million by selling 3,588 Bitcoin during the week ended July 5 to help fund dividend payments tied to its Digital Credit preferred securities. Following the transaction, the company said it held 843,775 Bitcoin and approximately $2.55 billion in US dollar reserves. The disposal follows a much smaller sale of 32 Bitcoin in late May, which marked the company's first disclosed net reduction in its Bitcoin holdings. The latest transaction represents a significant increase in scale as Strategy shifts toward selectively selling Bitcoin to support liquidity. According to the company's SEC filing, part of the Bitcoin was sold during early July at prices below Strategy's average acquisition cost. Grayscale Says Strategy's Move Could Support Bitcoin Grayscale Head of Research Zach Pandl said the latest transaction should improve confidence in Strategy's financing approach. "Recent actions by Strategy… should restore market confidence over its financing structure and, in our view, may help Bitcoin's price find a more durable bottom," Pandl wrote. Pandl noted that Strategy's balance sheet remains strong, with roughly $52 billion in Bitcoin against around $7 billion of debt. He argued the company has ample resources to meet both debt repayments and preferred dividend obligations. However, he said investors had become increasingly focused on the company's shrinking cash reserves after they fell to roughly $870 million in late May. Pandl said Strategy's updated capital allocation framework addressed those concerns by confirming it would sell Bitcoin when required to maintain adequate dollar reserves. Following the latest sale, Strategy's cash reserves have increased to about $2.55 billion, equivalent to roughly 17 months of preferred dividend coverage, according to Grayscale's analysis.
Bitcoin stalls as open interest decline raises questions about rally's staying power
Bitcoin retreated from a two-week high of $64,500 as falling open interest, weak ETF flows and a negative Coinbase premium raise doubts about whether the advance has legs. Over $500 million in leveraged positions wiped out in 24 hours, confirming that July's gains are largely driven by the short-squeeze setup identified in late June rather than fresh bullish conviction. Despite the recent price strength, BTC's futures open interest (OI) has slipped to 740K BTC, down from the July 3 high of 776K BTC. This shows that derivative traders are not participating in the price rise alongside a continued weakness in spot demand, as evidenced from ETF flows and the Coinbase premium. This raises questions about the sustainability of the gains. OI in SOL has pulled back to 68 million tokens from the peak of over 76 million on June 24. The message is the same. The 10% rise in the token has so far failed to galvanize demand for leveraged plays. Most tokens have a negative OI-adjusted CVD, a sign of bears being more aggressive by shorting at market orders rather than passive limit order plays. It suggests potential for losses ahead. The total crypto market has grown by 8.4% since July 1, and is now worth $2.16 trillion.
Bitcoin's July gains may be fleeting as U.S. demand stays weak
The most widely followed is the Coinbase Premium, which tracks the difference between bitcoin's price on U.S.-based exchange Coinbase (COIN) and Binance. It has now been negative for fifty straight days, according to data source Coinglass. That means for close to two months, BTC has been cheaper on Coinbase than Binance, which doesn't operate in the U.S. The discrepancy is an indicator of relatively weak demand in the world's largest economy, a message underscored by the eight straight weeks of net outflows from U.S. spot exchange-traded funds. Historically, bull runs have featured consistently positive Coinbase Premiums. Another concerning trend is seen in Japan, where bond yields just can't stop rising. The 10-year rose to a 30-year high early today, lifting borrowing costs in the U.S., U.K. and Germany. While seasonality supports continued recovery, it's the ETF flows that matter the most, according to analysts. "Until [BlackRock's ETF] IBIT itself flips back to sustained inflows, the structural institutional bid remains unproven," analysts at crypto exchange Bitfinex said in a report shared with CoinDesk. Singapore-based crypto trading firm QCP Capital said that "the near-term backdrop appears constructive, particularly if spot BTC ETFs continue to see inflows after Friday’s, which marked a welcome shift following more than a week of persistent outflows." It added that a decisive reclaim of the $64,000 price level this week would provide a further boost to market sentiment, while helping ease concerns about the publicly traded bitcoin-holder Strategy (MSTR).
VanEck vs. Fidelity: Bitcoin ETF Showdown
The Fidelity Wise Origin Bitcoin Fund seeks to track the performance of Bitcoin using price feeds from various eligible spot markets to create a composite value. Bitcoin comprises 100% of this portfolio's holdings. The fund launched in 2024. This fund provides a highly liquid way for investors to trade the cryptocurrency, with its index calculated every 15 seconds based on a volume-weighted median price methodology. All underlying assets are held by a dedicated custodian to ensure institutional-grade security standards. The VanEck Bitcoin ETF is a passively managed trust that also aims to replicate the market performance of Bitcoin, net of its specific operational expenditures. It also launched in 2024 and lists Bitcoin as its only position. The fund functions as a straightforward entity that does not aim to achieve returns surpassing the underlying price movements of the cryptocurrency. This vehicle serves as a direct entry point into the digital asset space within a familiar and regulated ETF wrapper, prioritizing cost efficiency for long-term holders. If you're choosing between HODL and FBTC, you're likely weighing HODL's slightly lower expense ratio against FBTC's much larger assets under management. If you're looking to maximize your total returns, HODL's lower fees may be a deciding factor for you. Plus, VanEck has waived the fee for the first $2.5 billion of the trust's assets through July 31, so there's a potential for even greater short-term savings.
USDC Beats USDT With 67% Share as Stablecoin Payments Hit Record $1.79T: Visa Data
USDC now accounts for roughly 67% of adjusted stablecoin transaction volume, overtaking USDT. Adjusted stablecoin transaction volume, which strips out bot activity, internal reshuffling and other artificial inflation, reached $1.8 trillion in the last 30 days. Total unadjusted volume over the same period hit $7.0 trillion, with 1.6 billion total transactions and 200.2 million adjusted transactions. USDC on Ethereum alone accounts for $3.7 trillion in cumulative adjusted volume, ahead of USDT on Tron at $3.3 trillion. Across the adjusted dataset, USDC commands roughly 67 percent of transaction volume, a complete reversal from the market structure that prevailed as recently as 2023, when USDT's 85 percent dominance was widely treated as permanent. USDC holds full MiCA authorization through Circle's Irish entity.
Bitcoin’s early July bounce rides thin summer liquidity as half of supply still sits underwater: analysts
More than half of all circulating bitcoin now sits at a loss, a threshold K33 said has historically marked an opportune time to buy, with strong one-year forward returns in three of the past four instances. Spot bitcoin ETFs recorded a net inflow of $266 million on July 6, led by $209 million into IBIT, according to SoSoValue, which tracks U.S.-listed funds. Spot ether ETFs took in $20.7 million, led by $23.3 million into BlackRock's ETHA. The persistent bitcoin ETF outflow trend broke on July 2 with a $221.7 million single-day inflow that ended a 10-day, $2.73 billion outflow streak, the desk said.
Bitcoin, XRP draw Japanese firms as weak yen drives treasury diversification
Japanese companies are increasingly adding bitcoin and XRP to their corporate treasuries as a weak yen pushes firms to diversify beyond cash, according to SBI VC Trade. Japanese companies are turning to bitcoin and XRP as a weak yen pushes them to diversify their corporate treasuries, according to SBI VC Trade, as the crypto exchange's registered accounts passed 2 million. The account milestone on Tuesday, roughly double the 1 million it counted in 2025. Stablecoins have been a second driver. These are digital tokens designed to hold a fixed value against a fiat currency like the dollar or yen. SBI VC Trade listed USDC in March 2025 in what it called Japan's first dollar-stablecoin listing, and in June 2026 added Ripple's dollar-backed RLUSD alongside JPYSC, a yen-pegged token it described as the country's first trust-based yen stablecoin, and began offering lending against stablecoins. Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.
Here’s what happened in crypto today
US President Donald Trump’s March 2025 executive order called for the SBR to be housed inside the Treasury Department, while other agencies would assist with asset seizures to build the reserve. Ripple said it is now among a small group of crypto companies with full MiCA authorization and holds more than 75 regulatory licenses worldwide, including approval from the UK's Financial Conduct Authority.
Bitcoin nears cycle bottom as over half of supply is held at a loss, says K33
During the 2017 bear market cycle, Bitcoin bottomed 31 days after over 50% of the BTC supply was held at a loss. Similarly, Bitcoin bottomed 23 days after half the supply was held at a loss in November 2018 and about 13 days after the same development in November 2022. The spot Bitcoin ETFs registered two consecutive days of inflows, with $265 million on Monday, but saw $4.51 billion in net outflows in June, marking their worst month on record, according to Farside Investors data. Bitcoin’s risk appetite fell to a low of -1.27 on July 3 and has since bounced higher, which historically preceded a median spot return of 12% over the following 100 days, according to the eight prior instances identified by Block Scholes.
Former Tether investment chief is looking to sell part of his stake in the stablecoin giant: Bloomberg
Tether reported a full-year profit of more than $10 billion for 2025. Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.
EDX Markets raises $76 million in funding round led by SBI Holdings
EDX Markets, an institutional cryptocurrency trading platform, said it raised $76 million in a Series C funding round led by SBI Holdings. The company plans to use the funds to develop new products and grow internationally. EDX operates an institution-only crypto marketplace that separates trading from custody and settlement through a central clearinghouse. The model is designed to reduce counterparty risk and mirrors the structure used in traditional financial markets. Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.
Vanguard opens search for digital assets leader in sign of evolving crypto strategy
Vanguard has opened the search for a head of digital assets, creating a senior role that would oversee the firm's strategy for cryptocurrencies and blockchain-based financial technology. The position, listed within Vanguard Personal Wealth, calls for an executive to develop the firm's digital asset vision, identify business opportunities and lead execution across product, technology, operations, legal and compliance teams. The candidate will also advise senior leadership on changes in digital asset markets, represent Vanguard in discussions with regulators and industry groups and help shape the firm's long-term approach. Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.
Robert Kiyosaki sends blunt stock market warning
The U.S. national debt sits at close to $39.5 trillion, according to the Treasury Department. Household debt has also hit a record. Total U.S. consumer debt reached $18.8 trillion in the first quarter of 2026, according to the Federal Reserve. At the household level, Bankrate found that 61% of Americans with credit card debt have been carrying it for at least a year, with average rates at 23.79%, according to LendingTree. A Century Foundation survey found nearly two in three Americans switched to cheaper groceries or bought less food to save money, and more than one in three skipped a meal in the past year. Gold peaked at $5,602 an ounce in January 2026 and has since pulled back, but it is still up roughly 120% over the past five years. On June 29, Kiyosaki posted on X that he expects gold to reach $35,000 an ounce within five years, a gain that would require the metal to increase roughly sixfold from January's peak. Bitcoin tells a different story on the price chart. The cryptocurrency has fallen nearly 45% over the past year. "There will be only 21 million Bitcoins. Fake Government money is unlimited. That means Bitcoin increases in value as the US dollar goes down in purchasing power," he posted on X. Goldman Sachs CEO David Solomon said at the Global Financial Leaders' Investment Summit in November that he expects a 10% to 20% drawdown in equity markets at some point over the next 12 to 24 months, as TheStreet reported.
How Onchain Capital Can Reach Europe’s Underserved SMEs
As of Q2 2026, 8lends has funded approximately 15.4 million USDC in originations. Of this, 5.79 million USDC has been repaid (~38%) and 9.61 million USDC remains in active credit (~62%), serving 2,143 investors.
Strategy Is No Longer Just Going to "Inoculate the Market," Selling Crypto May Be Much More Common. Here's What That Could Mean for the Stock
Strategy unveils a Bitcoin monetization program On June 29, Strategy released a framework going forward that it says will "enhance liquidity, preserve long-term Bitcoin exposure, and support long-term value creation for shareholders." Among the notable components is its Bitcoin monetization program. Within that program, the company says it may sell some of its cryptocurrency holdings for multiple reasons, including to fund a USD reserve, fund dividends or interest expense, or to fund repurchases of digital credit securities or common stock. While the company says it remains committed to Bitcoin for the long term and it's the company's "primary treasury reserve asset," it's a significant change of course for Strategy, which was previously heavily against ever selling the digital asset. In just the past 12 months, the stock has plummeted a whopping 75% as volatility in digital assets has drastically weighed on its earnings, with the company incurring $12.8 billion in losses over the trailing 12 months, on revenue of $490 million. That's not likely to change significantly, even if Strategy offloads some of its crypto holdings, because with such a large exposure to Bitcoin, how the cryptocurrency performs will inevitably impact the company's bottom line in a big way.
Peter Schiff Claims Michael Saylor Is 'Committing Fraud,' Warns Recent Strategy Sales Will Crash Bitcoin
Bitcoin critic Peter Schiff said Strategy's recent decision to begin selling portions of its Bitcoin holdings could mark a major shift for both the company and the broader crypto market. Schiff also predicted increasing outflows from spot Bitcoin exchange-traded funds, arguing speculative investors were losing patience.
U.S. SEC to propose crypto rule as soon as this month to ease startups, fundraising
The U.S. Securities and Exchange Commission is set to tackle a new crypto rule proposal as soon as this month that would shield crypto businesses from securities regulatory demands in significant ways, according to an updated agenda flagged on Tuesday. Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.
New Position: TTRF Capital Initiates IREN Stake With 66,800 Shares
According to an SEC filing on July 6, 2026, TTRF Capital Ltd initiated a new position in IREN Limited during the quarter. The acquisition of 66,817 shares represents a 2.0% allocation of the firm's reportable equity assets. The net position value for the stake was $3.1 million at the period's end. Separately, the firm's total reported 13F assets were $151.7 million. IREN Limited operates a vertically integrated data center business with proprietary computing infrastructure spanning Australia and Canada, generating revenue through Bitcoin mining operations and data center services. The company maintains vertical integration across its entire operational stack, controlling computing hardware, electrical infrastructure, and physical facilities to optimize operational efficiency and margin capture.
Visa vs Coinbase: Two Different Economic Playbooks But One Winner
Visa grew revenue 15% on 69 billion transactions while Coinbase absorbed a 30% revenue drop and slashed 14% of its workforce. Both companies name stablecoins a strategic priority, but Coinbase co-owns USDC and holds over 25% of circulating supply inside its own products. Visa's 67% operating margin and sub-1 beta make it a pullback accumulation play; Coinbase is an options-like bet on a $3T stablecoin market. Card Swipes Keep Humming. Crypto Trading Stalled. Visa's fiscal Q1 (reported January 29, 2026) leaned on the everyday plumbing: 69.4 billion processed transactions, up 9%, and cross-border volume ex-intra-Europe up 11%. Data Processing revenue rose 17% to $5.54B, which tells you the network is scaling faster than card issuance alone. Coinbase's Q1 (reported May 7, 2026) was the other side of the coin. GAAP EPS came in at -$1.49 against a $0.04 estimate, dragged down by $482.40 million in mark-to-market losses on crypto held for investment. Transaction revenue slid to $755.80 million, down 23% quarter over quarter. Bright spots existed: stablecoin revenue reached $305 million, USDC market cap hit an all-time high near $80B in March, and adjusted EBITDA stayed positive for a 13th consecutive quarter at $303.30 million.
Bitcoin Miners ETF Up 47.58% This Year, Completely Avoids MicroStrategy
WGMI climbed 48% year to date and 117% over the past year, outpacing bitcoin's 27% decline through miner operating leverage and AI capacity pivots. MSTR fell 34% year to date and 75% over the past year, hit by a $14.5 billion unrealized bitcoin loss and heavy share dilution. WGMI is up 47.58% year to date through July 6, 2026, even as bitcoin itself has slipped. Over a longer window, the fund is up 116.98% over the past year, closing July 6 at $56.48. MSTR is down 33.68% year to date and 75.06% over the past year, closing July 6 at $100.77. The company still holds 818,334 BTC as of early May 2026, making it the dominant corporate holder, but the accounting mark and share dilution from $7.37 billion in Q1 ATM offerings have weighed on the stock.
Crypto exchange Kraken is trying to become a bank in Europe
Kraken would be following the same path as Revolut, which holds a specialized European banking license issued by the Bank of Lithuania in 2018. In March 2026, Kraken Financial became the first digital asset bank to gain access to the Federal Reserve’s payment infrastructure, making it the first crypto firm to operate on the same rails as traditional financial institutions.
BlackRock-backed Securitize slides 40% after SPAC debut despite tokenization boom
Securitize's (SECZ) stock price has fallen about 40% since completing its SPAC merger last week. The firm's shares tumbled as much as 25% on Tuesday before clawing back some of the sell-off, and Securitize is down roughly 40% since completing its merger with special purpose acquisition company Cantor Equity Partner II last week. Major financial firms like BlackRock, Franklin Templeton and JPMorgan have expanded efforts to bring traditional assets such as U.S. Treasuries, funds, credit and equities onto blockchain rails. Citi projected that the tokenized assets could reach $5.5 trillion by 2030, while BCG and Ripple estimate the market could approach $19 trillion by 2033. Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.
How Strategy Can Sell Billions in Bitcoin
Yesterday, Strategy disclosed it sold 3,588 BTC for roughly $216 million between June 29th and July 5th. The proceeds funded STRC distributions and refilled the portion of the USD Reserve used to make them. Despite the sale, Strategy said its full $1.25 billion of reserve-building capacity remained available. So a $216 million sale to replenish the reserve did not count against the billion-plus allotted to build it. Technically there's a difference: replenishing versus building. But both sales feed the same reserve, for the same purpose, classified differently. Put it this way: the BTC Monetization Program never capped total Bitcoin sales at $1.25 billion. It capped one bucket: selling BTC to build the USD Reserve. The program lets Strategy sell BTC for other purposes too, which is what we just witnessed. The Three Buckets On June 29th, after weeks of pressure on MSTR and STRC, Strategy introduced the BTC Monetization Program as part of its larger Digital Credit Capital Framework. The program lets Strategy sell Bitcoin for three primary purposes: - Build the reserve — Sell up to $1.25 billion of BTC for the USD Reserve. - Cover the preferreds — Sell BTC to pay the fixed dividends and interest Strategy owes on its preferred shares and debt, or to replenish the reserve afterward, when management decides selling BTC beats issuing common stock. - Fund buybacks — Sell BTC to repurchase its preferred shares or MSTR common stock, up to $1 billion of each, with BTC sales potentially covering related taxes, fees, and expenses. Only the first bucket carries the widely circulated $1.25 billion figure. The third adds another $2 billion across the preferred and common repurchase programs. So, the capped pieces alone already contemplate more than $3 billion of BTC monetization, and that excludes the dividend/interest/replenishment bucket, which carries no disclosed cap. Building vs. Replenishing This is where the distinction gets thin. The USD Reserve exists to pay those preferred dividends and interest obligations. It cannot fund stock buybacks under current policy. As of June 28th, it held $2.55 billion, enough to cover roughly 17 months of the $1.76 billion Strategy owes each year. The Board set a 12-month coverage floor unless it authorizes lower. That is why the line between building and replenishing deserves scrutiny. - Sell Bitcoin to add cash before dividends are paid: building. - Use the reserve to pay dividends, then sell Bitcoin to refill it: replenishing. The program treats these as different categories while they do the same thing: turn BTC into cash to cover preferred dividends and interest. The fine print was already disclosed, but yesterday's sale showed how convenient the distinction is. Strategy sold $216 million of BTC, spent it on distributions and replenishment, and still reported full reserve-building capacity at $1.25 billion. We must all now learn Strategy-speak. "Build" and "replenish" are just accounting details, but they determine whether a BTC sale reduces the headline capacity. From Accumulation to Active Management In the June 29th announcement, Michael Saylor said the framework reflects a need for "liquidity, discipline, and active capital management." CEO Phong Le put it plainly: Strategy is "evolving from one-way capital issuance to active capital management." Strategy has effectively become an actively managed hedge fund, as Castle Island's Matt Walsh and Jeff Dorman explained when they stopped by the podcast last week. The old Strategy story was simple: sell MSTR equity, buy Bitcoin, and hand investors levered BTC exposure. The new one isn't: Strategy is now buying and selling pieces of its own capital structure to manage pressure between the common stock, the preferreds, the reserve, and Bitcoin itself. That dynamic creates conflicts, as Walsh and Dorman note. Selling common equity supports preferred dividends but pushes down the premium MSTR trades at over the Bitcoin it holds. Selling Bitcoin extends the cash runway but further weakens the "never sell" narrative. Supporting preferreds protects confidence but drains cash. Cutting preferred dividends preserves liquidity but could crater the preferreds themselves. The reserve loophole is one expression of that shift. Bitcoin is now a balance-sheet lever to keep the preferred stack functioning, not an asset Strategy accumulates. What We're Left With Investors must now underwrite Saylor's ability to run a machine where every lever helps one part of the capital structure while threatening another. That is the real takeaway from the July 6 filing. Strategy is not out of options. It may have more than the headline suggests. The $1.25 billion figure signals that BTC preservation remains the priority only if investors mistake it for a total ceiling. Don't make that mistake. Strategy is now an institution the market has to interpret. Every phrase matters now: build, replenish, issue, repurchase, defend. Like Fed-watchers parsing every comma, we must parse each term for what it implies about future BTC sales. With the Program, Strategy bought itself flexibility, but the underlying tension remains. This is no longer a clean levered Bitcoin trade. It is a bet on active capital management: whether Strategy can keep selling, refilling, issuing, repurchasing, and defending pieces of its capital structure without one breaking the others. Personally, it's not a bet I'd like to make.
Vanguard seeks digital assets chief after years of crypto skepticism
Vanguard manages approximately $12.5 trillion in global assets, according to the company. According to RWA.xyz data, the tokenized real-world asset market has grown to $33.5 billion, including $14.9 billion in tokenized US Treasury products. Franklin Templeton manages about $2.5 billion in tokenized assets, BlackRock oversees roughly $2.3 billion and WisdomTree's tokenized Treasury fund has grown to more than $700 million.
Ether climbs toward $2K as Bitmine buys ETH, Robinhood L2 boost
BitMine Immersion Technologies' continued Ether accumulation helped strengthen the support level. The company increased its holdings by 325,000 ETH over the past month, boosting its reserves to 5.74 million ETH. Regardless of the current $8 billion in unrealized losses on its ETH holdings, BitMine continues its path toward acquiring 5% of the existing supply. Ether outperformed the total crypto market capitalization by 7% over the past 30 days. The current 9% premium in put (sell) options relative to equivalent call (buy) instruments is far from bullish, but it distances itself from the 15% mark from the prior week.
Strike launches ‘volatility-proof’ Bitcoin loans amid bear market, but at a cost
Over the past year, Bitcoin has fallen 54% from its all-time high of $126,080 in October to $58,190 on June 25.
Bitcoin Flat, Ethereum, XRP, Dogecoin Dip as US Strikes Iran: Analyst Spots Dollar-Cost Averaging 'Opportunity' in BTC
Bitcoin's open interest fell 2.90% over the last 24 hours. Binance derivatives traders, including both retail and whale investors, bought the dip, increasing their long exposure to the apex cryptocurrency. The global cryptocurrency market capitalization stood at $2.2 trillion, with a slight 0.24% increase over the last 24 hours. On-chain analytics firm CryptoQuant highlighted Bitcoin's on-chain indicators at mid-year, noting that supply in loss exceeded 10 million, long-term holders were selling BTC at a loss and realized capitalization stood at $1.06 trillion.
Secret Network cites AI exploit risks in proposed Arbitrum move
The total value locked in the Cosmos ecosystem is around $2 billion, down 88% from its peak during the 2021 bull market. Comparatively, Arbitrum is the leading layer-2 network by total value secured, which is $17.4 billion, according to L2Beat. Secret Network has just $1.3 million in TVL on Cosmos, according to DefiLlama.
Live markets: Japan's collapsing yen is pushing companies into bitcoin and XRP
SBI VC Trade on Tuesday said corporate demand for bitcoin and XRP is climbing as the currency's slide pushes firms to diversify reserves beyond cash, with the exchange's registered accounts passing 2 million, roughly double its 2025 count. Hedge funds have turned the most bearish on the yen since 2007, boosting bets on further losses to nearly 138,000 contracts as of June 30, per CFTC data.
Swyftx eyes crypto payments after securing Australian license
Swyftx said on Wednesday that it received its Australian Financial Services License (AFSL), joining the likes of Coinbase, BTC Markets and Crypto.com. The license allows it to offer derivative products, such as crypto options or futures, to retail customers, as well as non-cash payment facility authorization, setting up the fintech to offer payment services to business and retail clients. It comes as the Australian Securities and Investments Commission recently extended the grace period for crypto firms to apply for an AFSL to Sept. 30. ASIC said it has received around 30 license applications from crypto businesses since October last year. Australian crypto ownership rises A survey from Australian crypto exchange Independent Reserve suggested that 33% of Australians now own cryptocurrency, up from 31% in 2025. “Younger Australians are confronting an economic reality where traditional wealth-building paths, particularly home ownership, feel increasingly out of reach,” Independent Reserve CEO Adrian Przelozny said. “As a result, many are exploring alternative assets that have historically delivered stronger returns than traditional portfolios, and cryptocurrency has naturally become an option.” Bitcoin remains the dominant digital asset, which was held by 71% of survey respondents.
Coinbase Global (COIN) Is Up 11.8% After Winning UK Approval To Trade Stocks And Derivatives
Coinbase Global received UK regulatory approval to offer stocks and derivatives alongside cryptocurrencies, allowing retail and institutional clients to trade equities and multi-asset perpetual futures on its platform for the first time in one of its largest international markets. This authorization advances Coinbase's ambition to become an "everything exchange," using tokenized stocks backed one-for-one by US equities to blend traditional securities with on-chain infrastructure for UK users. Coinbase Global's narrative projects $8.5 billion revenue and $2.1 billion earnings by 2028. This requires 8.3% yearly revenue growth and a $0.8 billion earnings decrease from $2.9 billion today. Compared with the baseline, the most bearish analysts paint a much colder picture for Coinbase, expecting revenue to shrink to about US$6.0 billion by 2029 even as earnings reach roughly US$1.1 billion, and they see intensifying global regulatory scrutiny as a central risk that could limit where and how Coinbase is allowed to operate.
Crypto News Today (July 8): BTC Drops Back to $62K, Coinbase Premium Hits Record Lows, and the EU is Eyeing Even Tighter Crypto Regulation
Over $265M in BTC was bought via ETFs yesterday, with over $200M of that coming from BlackRock’s IBIT after it sold nearly $10Bn over the past ten sessions. The Coinbase Bitcoin Premium Index has remained below zero for 50 consecutive days, marking the longest negative streak since the metric was introduced. According to Galaxy Digital Head of Research Alex Thorn, net outflows from those funds have reached approximately $6 billion since the beginning of the year. Thorn added that total assets held by US spot Bitcoin ETFs have fallen to about $74.4Bn, down from more than $150Bn at their peak.
XRP Ledger’s new upgrade is here. But not everyone’s on board yet
About 89% of validators on the default Unique Node List have upgraded to v3.2.0, surpassing the 80% threshold needed for network upgrades to take effect. Of the approximately 833 active nodes on the XRP Ledger, the machines that store and relay the ledger, about 43% are running v3.2.0 and 51% are still on v3.1.3, XRPSCAN data shows. On the default UNL of 35 validators, 31 are running v3.2.0, about 89%, clearing the threshold the network treats as sufficiently updated. Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.
Reserve Bank of India still favors crypto prohibition to curtail tax evasion: Reuters
Indian authorities, led by the Reserve Bank of India, are maintaining a hawkish stance that leans toward prohibiting crypto despite growing global adoption and millions of domestic investors. The RBI opposes banks’ exposure to crypto and both foreign and rupee-pegged stablecoins, warning of financial contagion risks, loss of seigniorage and stress during market turmoil. Tax officials noted the underreporting of crypto gains and the difficulty of tracking offshore and peer-to-peer transactions, while policymakers said crypto could worsen capital outflows and India’s external deficit. The RBI has long maintained that banks and financial institutions should be barred from holding, trading, or offering any exposure to crypto assets and privately issued stablecoins to prevent contagion risks to the broader financial system. Stablecoin market cap fell to $312B in June, its largest monthly drop since TerraUSD, while tokenized equity volumes surged 145% to a record $3.86B.
Semiconductor
This New Memory ETF Has Already Doubled. Is It Still a Buy?
The entire DRAM market is supply-constrained, which is only exacerbated by HBM requiring upwards of three times the wafer capacity of ordinary DRAM.
Micron Technology Just Dropped a $50 Billion Revenue Bombshell. Time to Buy the Stock?
Micron generated $23.9 billion in revenue and gave a bold projection that its Q3 revenue would be around $33.5 billion. For Q4, Micron dropped the bombshell that it expects a whopping $50 billion in revenue.
US futures edge lower as investors assess Samsung results and Fed outlook: Dow Jones, S&P, Nasdaq, Wall Street
Samsung Electronics delivered another indication of continued strength in demand for artificial intelligence infrastructure, reporting preliminary second-quarter operating profit that was almost 20 times higher than a year earlier. The South Korean technology group expects operating profit of 89.4 trillion won, or roughly US$58 billion, for the quarter ended June, compared with 4.7 trillion won during the same period last year. The figure also exceeded the company’s combined earnings for 2024 and 2025. With inflation remaining well above the Federal Reserve’s 2% target and concerns growing that higher memory chip prices and rising energy costs linked to tensions with Iran could add further inflationary pressure, Waller said the policy landscape has changed significantly.
Sandisk Stock Is Up Nearly 635% in 2026. Can It Still Go Higher?
Prior to the demand spike, Sandisk was a boring cyclical stock, and the market had limited expectations for it, so its valuation was extremely low -- just 0.6 times forward earnings at this time last year. However, as its growth accelerated and the trend proved longer-lasting, the stock's valuation skyrocketed, reaching more than 35 times forward earnings. Now, it trades at 9.3 times forward earnings.
Stocks slip; Samsung's record profit revives jitters on AI outlook
Samsung Electronics forecast a 19-fold jump in April-June operating profit to 89.4 trillion won ($58.4 billion), a third straight quarter of record operating profit for the world's largest memory-chipmaker. SK Hynix is due to join the Nasdaq this week in a $28 billion listing, one of the world's largest new share sales, as the chipmaker seeks to capitalise on the AI boom.
Nvidia’s Next Growth Wave May Be Just Beginning: We See a 28% Upside
Q1 FY2027 results (filed May 20, 2026) that beat on both lines: revenue of $81.615 billion grew 85.23% YoY, and non-GAAP EPS of $1.87 topped estimates by 5.42%. Data Center revenue reached $75.246 billion, up 92% YoY, with networking exploding 199%. Q2 FY2027 guidance calls for revenue of $91 billion with 75% non-GAAP gross margin, and Jensen Huang described the Blackwell and Vera Rubin ramp as “the largest infrastructure expansion in human history”.
Micron, SanDisk, and Western Digital Sink 7% as Samsung Earnings Spark a Memory Selloff
Micron's fiscal Q3 2026 print delivered revenue of $41.46 billion, up 346% year over year (YoY), with non-GAAP gross margin of 85%.
Can Micron Technology Become the New Nvidia?
Micron fabricates both NAND and DRAM memory. NAND memory is used in long-term storage devices such as solid-state drives (SSDs). In contrast, DRAM is used for high-speed memory, as needed by Nvidia's GPUs to rapidly access information as it's processed. There has been strong demand for both types of memory due to the massive data center build-out, but supply hasn't kept up with this unprecedented demand. As a result, prices for memory chips have skyrocketed, allowing Micron to profit from the shortage. As mentioned, new capacity for many in this industry won't be online until 2027 or later, creating a low supply of inventory for at least the next year and a half. That could lead to even higher memory chip prices, as demand for these devices isn't slowing down. Nvidia has a strong read on data center build-out plans, as many clients are placing orders for devices well in advance of when they need them so they can quickly get them online once the data center infrastructure is ready. While the AI hyperscalers plan to spend $650 billion on data center capital expenditures this year, next year that figure could be over $1 trillion. In Micron's latest quarter, DRAM accounted for around 76% of total sales, with NAND accounting for the rest. So, for Micron to surpass Nvidia, its NAND sales would need to rise much faster than DRAM, since DRAM will likely grow at a similar rate to GPU demand. Next quarter, it expects $50 billion in revenue, or about half of what Nvidia is expected to generate. Those are still impressive figures, and I won't be surprised to see Micron keep climbing the ladder toward Nvidia.
Intel and Applied Materials Dive 10%, AMD Craters 8% as Samsung Earnings Trigger Chip Selloff
Samsung's record $58B quarterly profit still triggered a chip selloff, sinking Intel and Applied Materials each 10% and pushing AMD 8% lower as investors questioned stretched AI valuations. AMD's 208x P/E and Applied Materials' 30%-plus growth guidance leave both stocks highly exposed to any earnings shortfall in coming quarters. Shares of Intel (NASDAQ:INTC) are down 10% in Tuesday morning trading to $110, while Advanced Micro Devices (NASDAQ:AMD) stock is off 8% to $508.
Why Sandisk Stock Just Crashed
South Korean technology giant Samsung reported its Q2 2026 earnings last night. The news was objectively good -- sales up 28% sequentially, and more than double last year's Q2 revenue. Operating profit surged nearly 20-fold, rising to $58.4 billion. And yet Samsung stock sold off 7% today. Why? The results beat expectations, but in a quirk of this overheated artificial intelligence-fueled stock market, investors were expecting Samsung to beat expectations. This triggered a "buy the rumor, sell the news phenomenon" in which investors sold Samsung despite its numbers being better than "expected" -- and despite Samsung confirming computer memory prices are still rising, and its profits are continuing to climb. Add in the fact that Samsung says it's building "massive semiconductor fabrication plants," adding supply to the market, and you had all the pieces in place for a semiconductor sell-off today.
Micron, Samsung, SK Hynix just dragged memory stocks into a bear market
Micron (MU), Samsung (005930.KS), SK Hynix (000660.KS) and the Roundhill Memory ETF (DRAM) are all down more than 20% from recent closing highs, turning one of 2026's hottest trades into a bear market just as Samsung's record profit failed to impress investors. Semiconductor stocks in Yahoo Finance's basket have lost roughly $1.5 trillion in market value since June 25, based on Tuesday intraday prices. Micron alone is down nearly $350 billion over that stretch. SanDisk (SNDK), Intel (INTC), Applied Materials (AMAT) and Lam Research (LRCX) have each lost more than $100 billion. The bigger chip basket is not there yet. The PHLX Semiconductor Index (^SOX) would need to fall another 9% from Monday's close to enter a bear market, making the memory-stock break the sharper stress point for now.
1 Prediction for AMD Stock Over the Next 5 Years
AMD's Data Center segment hit $5.78B (+57% YoY), powering shares up 157% YTD to $552, but 92 recent insider transactions skew net selling. Q1 2026 revenue landed at $10.25B, up 37.85% YoY, with Data Center now the dominant engine at $5.78B (+57%). CEO Lisa Su told investors, "Data Center now the primary driver of our revenue and earnings growth", pointing to accelerating MI450 and Helios pipeline visibility. Shares have responded violently, up 157.77% YTD to $552.05.
The Nasdaq's Rough Day: When Good News Is Bad News for Market Indexes
Revenue is up by approximately 129% year-over-year while operating profits surged 19-fold. Samsung's stock was 10% lower when the Korean market closed. The S&P 500 (SNPINDEX: ^GSPC) dropped 0.6%, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) tumbled 1.3%. Intel (NASDAQ: INTC) fell 10.6%.
Nvidia Is a $4.7 Trillion Company. Here's How Close It Is to Retaking $5 Trillion.
In its fiscal first quarter (the period ended April 26, 2026), revenue rose 85% year over year to a record $81.6 billion. Data center revenue climbed 92% to $75.2 billion. Management then guided for about $91 billion in revenue this quarter, another sharp step up. "The buildout of AI factories -- the largest infrastructure expansion in human history -- is accelerating at extraordinary speed," said Nvidia CEO Jensen Huang in the company's fiscal first-quarter earnings release.
Why Micron Stock Just Crashed
South Korean technology giant Samsung reported its Q2 2026 earnings last night. The news was objectively good -- sales up 28% sequentially, and more than double last year's Q2 revenue. Operating profit surged 19-fold, rising to $58.4 billion. Samsung is the world's biggest supplier of DRAM computer memory, used to make high-bandwidth memory (HBM) used in AI data centers. It's got a 38% share of the global market. SK Hynix, No. 2 in DRAM, is No. 1 in HBM with more than a 50% market share. Micron makes both NAND and DRAM memory, and its DRAM share is smaller -- about 22%, still enough for third place.
This Semiconductor ETF Is Up 58% This Year and Doesn’t Own TSMC
TSMC, the $2.3 trillion foundry excluded from SMHX by design, is itself up 49% this year riding the same AI wave. The stock is up 49.42% year to date and 94.49% over the trailing year. TSMC's most recent quarter posted quarterly revenue growth of 35.1% year over year and earnings growth of 58.4%, with analysts carrying an average price target of $490.34.
Why SOXX Surged 93.3% YTD While Avoiding Super Micro Computer
Over the past month alone, SOXX has added 7.78%. The five-year return sits at 309.9%, and the ten-year figure is 1,925.85%. It has not been a straight line, though: the ETF is down 5.35% over the trailing week ending July 6, 2026, and slipped again in the most recent session with a 4.83% single-day decline. Demand for AI accelerators, high-bandwidth memory, and advanced packaging has swept across every layer of the chip supply chain, from logic designers to memory suppliers to the equipment vendors that outfit fabs. Chips are broadly grouped into logic chips, memory chips, and discrete, analogue and other chips, and hyperscaler spending has lifted all three categories. Fundamentals have been noisy. Q3 FY26 revenue came in at $10.24 billion, growing 122.68% year over year but missing the $12.45 billion consensus by 17.75%, while non-GAAP EPS of $0.84 beat the $0.6245 estimate.
Up 102% in 2026, This Chip ETF Mysteriously Avoids Taiwan Semiconductor
The Invesco Semiconductors ETF (NYSEARCA:PSI) has roughly doubled this year, gaining 102.37% from December 31, 2025 through July 6, 2026. As of the fund's April 30, 2026 NPORT filing, net assets stood at roughly $1.995 billion across 33 positions. The largest position is MaxLinear at 7.98% of net assets, followed by Advanced Micro Devices at 6.26%, Texas Instruments at 4.97%, Broadcom at 4.84%, and Micron Technology at 4.67%. Nvidia sits at 3.91%, a relatively modest weight given its dominance in AI accelerators. Over the past year, PSI is up 158.54%.
Cramer: Samsung Is More Profitable Than Nvidia, but He Has a Warning on SK Hynix’s $28 Billion Raise
Samsung made more money in one quarter than in the prior two years combined, which is strange to sell aggressively. NVIDIA reported $53.536 billion in operating income in Q1 FY2027, on $81.615 billion in revenue at a 75.0% non-GAAP gross margin (SEC filing). SK Hynix is up about 680% over one year and 225% year to date, and fell 6% the prior day. Micron just reported a 245.24% year-to-date rally and posted $24.89 EPS against a $20.98 estimate on June 24, 2026 (SEC filing).
Micron Vs. Apple: Why MU Is Still The Better Buy Between These Tech Giants
Micron reported $41.46 billion in fiscal Q3 revenue as data centers hoarded memory. CEO Sanjay Mehrotra told investors the results “reflect the strategic value of memory in the AI era” and pointed to multi-year Strategic Customer Agreements as evidence of locked-in pricing. Cloud Memory revenue hit $13.77 billion as hyperscalers scrambled for HBM4. Micron is spending $7.83 billion in a single quarter on capacity because customers sign long contracts to guarantee supply through structural DRAM shortages locked in through 2027. Micron guided fiscal Q4 to $50.0 billion in revenue and $31.00 in non-GAAP EPS, with gross margin approaching 86%.
The Best Memory Stock to Buy in July Isn't Micron or Sandisk. It Is This Trillion-Dollar Giant
The company's operating profit jumped by 5x year over year in the January-March quarter this year on the back of a 198% jump in the top line. SK Hynix is now aiming for a bigger share of the memory pie by aggressively enhancing its output. Not surprisingly, the capital that SK Hynix will raise following its U.S. listing is expected to be directed toward the construction of more production facilities and the purchase of advanced chipmaking equipment. Additionally, SK Hynix and Samsung, along with the South Korean government, aim to double the country's DRAM output over the next five years by investing $590 billion in four fabrication plants. The company is well ahead of Samsung and Micron in this fast-growing space, with both competitors controlling 21% each of the HBM market in Q1. SK Hynix is expected to ramp up its DRAM wafer production capacity from 550,000 wafers currently to 1 million wafers by 2030. The potential jump in HBM demand is poised to be significantly larger than the additional wafer capacity that SK Hynix is anticipated to bring online by the end of the decade. Analysts are forecasting SK Hynix's earnings to increase by 424% this year.
Michael Burry Just Revealed His Next Big Short, and It's a Bet Against Nvidia, Micron, and AMD
Micron Technology, which supplies high-bandwidth memory (HBM) for data centers, grew its revenue by a staggering 345% year over year during its most recent quarter and is forecasting a similar increase in the current quarter. Nvidia has grown its revenue sevenfold over the past three years, thanks primarily to GPU sales, and it's now the world's largest company with a market capitalization of $4.7 trillion. The iShares Semiconductor ETF has delivered a compound annual return of 14.9% since its inception in 2001, so it has comfortably beaten the S&P 500 index, which returned 9% per year over the same period.
The SK Hynix Form F-1 Is Here. 3 Things Smart Investors Need to Know About Its $28 Billion U.S. IPO.
SK Hynix will use the new capital to expand production capacity at its Yongin complex in South Korea, construct an advanced packaging facility in Cheongju, South Korea, and acquire extreme ultraviolet (EUV) lithography scanners essential for next-generation chip production. According to a forecast from market research firm Gartner, worldwide semiconductor revenue will grow at a compound annual rate of 38.9% between 2025 and 2027, and reach $1.6 trillion next year.
2 Artificial Intelligence (AI) Memory Stocks to Buy Hand Over Fist in July
1. SK Hynix is scheduled to list on the Nasdaq through an initial public offering (IPO) of American depositary receipts (ADRs). The offering involves issuing approximately 17.9 million new shares targeting gross proceeds of roughly $28 billion. 2. Samsung Electronics and SK Hynix will invest a combined $520 billion to construct four new memory fabrication plants in the southwestern region of the country. 3. Micron recently broke ground on a $9 billion expansion of its facility in western Japan. 4. Micron is investing $200 billion for new fabs in the states of New York, Idaho, and Virginia. 5. The dominant theme over the last couple of years has been accelerating AI infrastructure spending by Amazon, Microsoft, Alphabet, and Meta Platforms. 6. I think capex guidance will likely remain elevated or potentially increase, sustaining demand for related HBM, DRAM, and NAND offerings. 7. Micron trades at a modest forward price-to-earnings (P/E) multiple of 6.4, while Sandisk's forward P/E is a bit richer at 26.7.
AI / Robotics / EV
Should You Buy Tesla Stock Before July 22?
Current consensus estimates forecast Tesla's revenue at around $25.4 billion and EPS at $0.48 for the second quarter. On July 2, Tesla published that it delivered roughly 480,000 vehicles during the second quarter, comfortably ahead of the 406,000 units analysts had modeled and up about 25% from the same period last year.
Eni Storage Systems begins construction on LFP battery plant in Italy
Combined annual production capacity is expected to reach 16GWh by 2030, accounting for over 10% of the European market for BESS.
OpenAI Wants a $1 Trillion Valuation. But College Students Are Testing At The Level Of 10-Year-Olds.
OpenAI lost $38.5 billion in 2025 on $13 billion in revenue and won't reach profitability until 2029, yet Altman holds the $1 trillion target. Sam Altman wants Wall Street to value OpenAI at $1 trillion. Meanwhile, 14% of US college students are reading at or below the level of a 10-year-old, according to the OECD. Those two facts, sitting side by side, may explain why the most anticipated technology IPO in a generation just got pushed into 2027. The numbers underneath that target are staggering. OpenAI recorded a $38.5 billion net loss in 2025 on roughly $13 billion in revenue — though much of that figure stems from non-cash accounting charges, with the operating loss closer to $21 billion.
BofA reinstates Figma at Buy, says AI turning into a ’growth catalyst’
In the first quarter of 2026, 75% of enterprise customers purchased additional AI credits after exceeding their initial usage limits, which the firm said highlights "strong engagement and willingness to spend." Enterprise momentum remains robust, with customers generating more than $100,000 in annual recurring revenue, increasing 48% year-on-year, while net dollar retention stands at 139% and paid-user growth at 54%.
AI Demand Explodes Over 300-Fold. Zettabyte Makes the Case for Quality Compute and Taiwan's Sovereign AI Future
zSUITE measures how much useful compute a GPU cluster actually delivers, giving operators visibility into the reliability and efficiency gaps that drive up to 15 percent of total cost.
This is One of The Best AI Stocks to Own In 2026
In Q1 2026, reported May 4, PLTR delivered adjusted EPS of $0.33 against a $0.28 consensus, on revenue of $1.632 billion, up 84.7% year over year, the highest growth rate in company history. U.S. commercial revenue exploded 133% to $595 million, and management raised full-year revenue guidance to $7.65 to $7.66 billion. The Case for $200+ Bulls have specific numbers to lean on. Palantir's Rule of 40 score is 145%, a level CEO Alex Karp said is "matched only by other fellow AI infrastructure companies: NVIDIA, Micron and SK Hynix."
Trump Banned the Hottest AI Company for 3 Weeks. It May Have Handed Them a ‘Trillion-Dollar’ Marketing Gift
Microsoft deployed Claude on Azure running NVIDIA's GB300 Blackwell Ultra GPUs on July 5, converting Anthropic's post-ban momentum into enterprise-scale distribution. Jason Heiner argued the 3-week shutdown accidentally made Anthropic 'the safe AI brand,' a positioning he called worth a trillion dollars.
Reddit Detects 25,000 Daily Spam Posts as AI Marketing Battle Intensifies
Reddit said Monday that stronger automated systems detected 25,000 spammy posts and comments per day during the first quarter, helping reduce user exposure by 20% from the same period a year earlier.
Cramer Says Forget the Data-Center Darlings. This ‘Boring’ AI Stock at 22x Is the Buy.
IBM printed a clean beat on April 22, then sold off anyway. Shares closed the filing day at $257.80, dropped roughly 10% within a week, then clawed back to $299.68 by Monday morning. The AI part of IBM’s business is bigger than casual observers realize. The generative AI book of business had crossed $12.5 billion inception-to-date by year-end, with roughly four-fifths in Consulting and one-fifth in Software, and it has been accelerating from $7.5 billion in Q2 2025 and $9.5 billion in Q3 2025. Q1 2026 gave the thesis teeth. Revenue of $15.917 billion, up 9.46% year over year, beat by 1.70%. Non-GAAP EPS of $1.91 versus $1.81 consensus made it the fourth consecutive EPS beat. Software grew 11.3% with Red Hat up 13% and Data up 19%. Infrastructure was the shocker. IBM Z mainframe revenue rose 51% year over year and segment margin expanding to 15.8% from 8.6%. Arvind Krishna claimed on the call that IBM’s fully populated Z can now handle “about 450 billion inferences a day”, which is why banks are running fraud models directly on the transaction rail instead of shipping data out. The bearish read has weight. Consulting is the largest slice of that $12.5 billion AI book, and consulting revenue growing 4% while the backlog is 30% GenAI raises a fair question about whether AI is expanding the pie or eating older services.
Brookfield, Bloom Energy Expand AI Infrastructure Partnership to $25 Billion
Scaling our commitment with Bloom Energy reflects both the strength of this partnership and the conviction behind our broader AI infrastructure strategy, including integrated compute," said Sikander Rashid, head of AI Infrastructure at New York City-based Brookfield. "Scaling this partnership further strengthens Brookfield's position as one of the leading global AI infrastructure investors, capable of delivering end-to-end solutions, from electrons to tokens, for some of the world's most sophisticated customers."
Forget EVs — Tesla’s Biggest Growth Engine Is Hiding in Plain Sight
Tesla's Megapack business booked over $9 billion in new orders totaling 43 GWh in just six weeks, signaling explosive energy storage demand. An Esyasoft agreement worth $3 billion positions Tesla to deliver 15 GWh of battery storage across the U.K., Europe, Gulf states, and India. A NatPower deal targets 100 GWh over 20 years, representing potential revenue exceeding $15 billion as Tesla builds its energy infrastructure backlog. Secured the first phase of a program with NatPower to build 25 GWh of storage across Italy and Britain, while targeting over 100 GWh over 20 years. Potential revenue could exceed $15 billion. xAI purchased an $269 million of Megapack product, for a total of over $1 billion worth since 2024. Signed an $80 million order with Belgium's Energy Solutions Group for a 76 MW / 304 MWh system, with an eye toward a 2027 grid connection.
Tesla’s $500 Billion Question: Can Growth Justify the Valuation?
Tesla’s market capitalization sits at roughly $1.48 trillion as of July 2, 2026, built on 3.76 billion shares outstanding and a trailing P/E of 383. The company’s software lineup is starting to matter, as Tesla’s Services & Other revenue reached $3.745 billion, up 42% year over year, powered by 1.28 million active FSD subscriptions, up 51% year over year. Management placed Cybercab, Tesla Semi, and Megapack 3 on schedule for volume production in 2026, and confirmed Optimus production lines are being installed at Fremont and Gigafactory Texas. CFO Vaibhav Taneja set 2026 capital expenditure at over $25 billion.
115 years old but driving huge returns in a most modern way
Q1 2026 net sales reached a record $7.5 billion, up 17% year over year Organic growth reached 10%, above the high end of guidance Adjusted EPS for Q1 2026 reached $2.81, a first-quarter record that topped consensus estimates of $2.73 Data center orders skyrocketed 240% year over year in the Electrical Americas segment Rolling 12-month orders in the Electrical Americas segment jumped 42% Electrical backlog rose 48% year over year Operating cash flow more than doubled, jumping 113% year-over-year to $507 million Free cash exploded to $314 million, up 245% Company raised full-year 2026 adjusted EPS guidance from $13.05 to $13.50
Claude Cowork expands to mobile and web
The study sampled 1.2 million anonymized and aggregated Cowork sessions from more than 600,000 organizations over the last two weeks of May. The largest category at 33.4% was business process operating: pulling scattered updates into a single report, building onboarding checklists, and reconciling spreadsheets.
Why Rivian Stock Plunged Today
Shares of Rivian Automotive (RIVN 18.12%) reversed course on Tuesday after the electric vehicle (EV) manufacturer announced a sizable capital raise. Deliveries are rising, but so are production costs On Thursday, Rivian announced that it delivered 12,194 vehicles in the second quarter, handily exceeding its guidance of 9,000 to 11,000 deliveries. Strong sales of the company's pickup trucks and delivery vans contributed to the outperformance. The results prompted the automaker to boost its full-year deliveries goal to 65,000 to 70,000, up from a prior forecast of 62,000 to 67,000. Yesterday, however, Rivian said it would sell 75 million shares of its stock to raise cash. The company also granted underwriters a 30-day option to purchase an additional 11.25 million shares. Based on current prices, the share offering could raise more than $1.4 billion.
Hot French startup ZML releases free product to speed inference across lots of AI chips
The days of Nvidia’s unparalleled market dominance aren’t over, but challengers and choices are arising from all directions. ZML, a hot French AI startup endorsed by Turing Award winner Yann LeCun, has released inference-performance software that allows a variety of open-source large language models to run on a variety of chips — including Nvidia’s, AMD’s, Google’s TPU, Apple Metal and Intel Arc. With ZML/LLMD, the newly launched LLM inference server, the company’s ambition is to break existing silos and make different chips available for AI use cases at their maximum available speed, and sometimes faster, ZML founder Steeve Morin told TechCrunch. It also helped that this small team is well funded for its size. Thanks to his track record as VP of engineering of Zenly, which Snapchat acquired for nine figures in 2017, Morin raised $20 million from venture firms including Harry Stebbings’ 20VC, >commit, AALVC, Drysdale Ventures, Xavier Niel’s Kima Ventures, Kindred Capital, LocalGlobe, and Puzzle Ventures. Unlike ZML’s first public project, the inference-focused ML framework released in 2024 and updated in March, ZML/LLMD is not open source. But it is launching as a free product with the goal of learning about usage.
Power / Grid
Big Tech data centers are driving up power bills at America's Rust Belt factories
Capacity charges are designed to compensate power generators for ensuring the grid has enough electricity for peak usage and to spur development of new supply. They generally account for about 10% of residential bills but can represent up to three times that for manufacturers, according to interviews with manufacturers, attorneys and energy experts. PJM's capacity prices jumped from $28.92 per megawatt-day in 2024 to the current $329.17 per megawatt-day — a 1,038% rise — driven primarily by data center growth. Average industrial electricity prices were up 31% in Pennsylvania and 26% in Ohio as of December 2025 from 12 months earlier, compared with a 7% rise nationwide for industrial users.
Bloom Energy vs. Eos Energy Enterprises: Which Power Stock Is a Better Buy in 2026?
In FY 2025, revenue reached $2.0 billion, which represented growth of 37.3% over the previous fiscal year. During FY 2025, revenue climbed to nearly $114.2 million, a massive increase from the roughly $15.6 million reported in the prior year. The company recorded a net loss of approximately $969.6 million. This resulted in a net margin of negative 849.1%, reflecting the significant costs associated with scaling its manufacturing operations and technology. Based on the December 2025 balance sheet, the debt-to-equity ratio was roughly -1.0x. The current ratio, which helps investors understand if a company can cover its near-term debts, was approximately 4.9x, while free cash flow was negative at nearly $265.0 million for the year. Eos expects revenue to approximately triple this year, so it is growing faster than Bloom, though off a smaller base.
Why the Smart Money Could Be Wrong About Energy’s Next Trillion-Dollar Opportunity
According to the International Energy Agency, global data center electricity demand is expected to more than double by 2030, with AI responsible for much of that growth. Utilities stand to benefit as electricity demand rises. Nuclear power producers are seeing renewed interest because they provide stable, carbon-free baseload generation. Companies developing distributed power systems, including Bloom Energy (NYSE:BE), could also see stronger demand as hyperscalers look for reliable on-site electricity. Others, like GE Vernova (NYSE:GEV), are developing the critical components the power and grid infrastructure desperately need. Recent fund flow data shows just how quickly sentiment has shifted. According to BofA Global Research and EPFR data, energy funds experienced $3.2 billion in outflows during the week ending July 1, the largest weekly withdrawal since July 2024 and the second-biggest weekly outflow in at least a decade.
APS Will Convert Retired Coal Units to Burn Natural Gas at Cholla Site
The Cholla Power Plant historically operated as a 1.02-GW coal-fired facility jointly owned by APS and PacifiCorp. APS said it stopped burning coal at Cholla due to federal regulations under the Regional Haze Program, which required the utility to cease burning coal in Cholla Units 1 and 3 by no later than April 30, 2025.
Goldman Sachs Removes Duke Energy (DUK) from its US Conviction List
Duke has signed electric service agreements for 7.6 GW worth of new data center demand since 2024, including 2.7 GW of ESAs only in Q1 of 2026.
Software
Is Google Cloud Officially Driving the Train?
The numbers are startling. Google Cloud revenue accelerated, growing 63% to exceed $20 billion in a single quarter. This might be the single most important figure. Google Cloud's backlog of contracted future revenue nearly doubled from the prior quarter to $462 billion. Think about that. This isn't wishful thinking; it's a mountain of committed sales from customers locking in capacity and AI services. It signals that the rapid demand isn't a fluke. It's a durable trend that the market can now see and value, stretching out for years. To catch up, they plan for 2027 capital expenditures to "significantly increase" over 2026's already large $180 billion to $190 billion budget.
Delek US vs. Par Pacific: Which Energy Stock Is a Better Buy in 2026?
During FY 2025, revenue reached nearly $10.7 billion, which represented a decrease of roughly 9.5% compared to the prior year. In FY 2025, Par Pacific reported revenue of close to $7.5 billion, a decrease of about 6.4% from the prior year. Despite the lower sales volume, the company achieved a net income of approximately $369.4 million. This resulted in a net margin, which is the percentage of revenue remaining as profit after all expenses, of nearly 4.9% for the fiscal period. Free cash flow for the year was nearly $296.5 million, providing liquidity as the company navigates the transition toward renewable energy stocks and cleaner transportation fuels. The current ratio stood at approximately 1.6x, indicating the company possesses $1.60 in current assets for every dollar of short-term debt. Delek US operates four refineries across Texas, Arkansas, and Louisiana, which are supported by a 63.3% interest in Delek Logistics. Par Pacific is navigating high compliance costs related to carbon reduction programs in states like Washington. The company's financial leverage, including $500 million in recently issued notes, increases its sensitivity to interest rate changes. Operational hazards from severe weather and potential labor disruptions among its unionized workforce also pose threats to steady production, similar to challenges faced by Phillips 66.
Savi’s app aims to protect consumers from realistic AI scams like kidnappers demanding ransom
The FTC said last month that people reporting online crimes collectively lost $3.5 billion to imposter scams in 2025, triple the amount in 2020. Research from 2025 by Malwarebytes, a maker of antivirus and anti-malware tools, reported that Gen Z was targeted more often with text scams than other generations, and fell for them about 25% of the time.
The Free Growth Sitting Inside PTC Stock
An investor buying PTC at its recent price of about $124.98 a share pays a trailing price-to-earnings multiple of 11.9x. Flipped upside down, that is an 8.4% earnings yield. An investor is effectively paid a premium of nearly four percentage points over the safest asset in the world to own a business that just grew its top line by 27.7%. The arithmetic implies the market is assigning zero, or even negative, value to that growth. These are not accounting gimmicks. The company's operating cash flow is a healthy 75% of its net income, confirming the earnings are backed by cash. And the growth is not a one-off recovery; the most recent quarter grew 21.7%, well above the three-year average of 15.2%, showing sustained momentum. On their latest earnings call, executives confirmed the expected step-up in growth for the fourth quarter is "much more around the deferred ARR that we already have banked." When pressed on whether this meant that underlying new business, excluding these banked deals, was flat year-over-year, the response was telling: "Approximately."
After Laying Off 8,000 Employees, Zuckerberg Admits Meta’s AI ‘Hasn’t Really Accelerated’ As Expected
Meta Platforms (NASDAQ:META) has committed to $125 billion to $145 billion in 2026 capex, more than double its $72.215 billion 2025 outlay. Bulls have cheered the announcement, noting it gives Meta Platforms more flexibility and could raise substantial revenue in the year ahead. Shares trade near $584, down roughly 11.5% year to date and about 18% over the past 12 months, underperforming megacap peers. Meta notified roughly 8,000 employees in May 2026, about 10% of its then-80,000 person workforce. Per CNBC reporting from May 20, 2026, cuts hit integrity teams, cybersecurity, content design, and Reality Labs hardest, while AI infrastructure, foundation models, and AI monetization teams were protected.
AI's Attack Surface, Palo Alto Network's Opportunity
Palo Alto Networks is rated 'Buy' due to durable growth drivers: platformization, the CyberArk acquisition, and robust FCF compounding. PANW targets $20B NGS ARR by FY2030E (~25% CAGR) and a 40% adjusted FCF margin by FY2028E, supported by strong customer retention and multi-product adoption.
3 Incredible Growth Stocks to Buy Now
Plug Power won't be out of the red and in the black in the immediate future, last year's net loss was 20% less than 2024's loss even as 2025 revenue grew 13%. Give credit to its higher-margin profit centers like power purchase agreements and the sale of raw hydrogen, mostly, which are expanding to make up more and more of its total top line. At its current rate, the company expects to swing to a profit by late 2028. As for the underlying tailwind, Precedence Research predicts that the global hydrogen business will double in size by 2035, while the fuel cell market itself could grow at an average annual pace of 25% in the same timeframe. Its first-quarter non-GAAP revenue of almost $3.7 billion was up 19% year over year, with the bulk of that coming from subscriptions with a renewal rate regularly at or above 97% through the first quarter. The company is looking for similar results through the remainder of the year as well. Given that it's regularly rated as a leader of Gartner's rankings of all the enterprise application developers, this double-digit growth pace could easily persist well into the future. Although investors as a whole clearly aren't too hopeful, the vast majority of analysts covering this stock currently rate the stock as a strong buy, with a consensus target of $140.38, which is more than 30% above this ticker's present price. Precedence Research believes will grow at an average annual pace of 25% per year through 2035, when it will be worth $550 billion. Last year's top line improved by more than 40%, pushing the company out of the red and well into the black.
Who will be the AI trade's real winners: The makers vs. the takers?
Counterpoint said that if you look at the three memory chip makers, they were 75% to 80% margin in this quarter, which is incredible.
3 Breakout Growth Stocks You Can Buy and Hold for the Next Decade
Revenue from this segment reached $16.1 billion in Dell's fiscal 2027 first quarter, compared to $43.8 billion in overall revenue. The company is realizing more revenue from existing contracts while securing new deals. Earlier this year, returning customer Meta Platforms (NASDAQ: META) signed two separate five-year deals with a combined value of $27 billion. Nebius should continue to get closer to profitability as it realizes revenue from more of its deals and the upfront costs of those build-outs are in the rear-view mirror.
Meta Vs. Microsoft: Which Underpriced Mag 7 Titan Is a No Brainer?
Microsoft's $627 billion contracted backlog and Azure's 40% growth promise durable AI revenue, but CapEx ballooning 84% YoY threatens near-term cash flow. Meta delivered a jaw-dropping quarter: revenue of $56.31 billion (+33.1% YoY) and EPS of $10.44 vs. $6.66 consensus.
Did Mark Zuckerberg Just Suggest That Meta Platforms May Have Invested Too Much Into Artificial Intelligence?
Meta plans to sell excess computing power One of Meta's newest business ventures now involves selling excess AI capacity, not unlike what some other tech companies are already doing. What's puzzling about this, however, is that Meta has been spending aggressively on AI and has made its Meta AI assistant available in its social media applications, unveiled Muse Spark (its new foundation model), and last year it also launched Superintelligence Labs. In May, at the company's annual shareholder meeting, Zuckerberg said that if it has overbuilt, it can sell compute to other companies at a premium. While the initial suggestion may have seemed innocent and nondefinitive, plans to build a new cloud business suggest it's much more than that, and may indicate the company has recognized it has invested too heavily in AI. Meta took it even further and spent aggressively on the metaverse, and that remains a costly venture for it today, with its Reality Labs division still incurring billions in losses each quarter.
Factbox-Tech companies tap debt, equity to fund AI and cloud expansion
Tech giants' combined spending is now set to exceed $700 billion this year, up from about $600 billion previously. The AI boom has entered a "more dangerous phase," marked by exponentially rising investments in physical infrastructure and growing reliance on outside capital, according to an analysis by Bridgewater Associates in February.
Down Nearly 12% in June, This "Magnificent Seven" Stock Is a No-Brainer Buy Right Now
Amazon generates more revenue than any public company in the world, but $200 billion is still massive. Amazon already operates the world's largest cloud platform, Amazon Web Services (AWS). At the end of last quarter, AWS's backlog had reached $364 billion.
Prediction: Prime Day Success Sets Up Amazon for 33% Upside Based on Our Analysis
Amazon's $200 billion capex plan crushed free cash flow 95% to $1.2 billion, making visible AI monetization by year-end the critical swing factor. Our bull case scenario points to $370.67, a 52.75% return, if AWS AI monetization accelerates and Prime Day flows through to margin expansion. The bear case centers on capital intensity. Amazon plans roughly $200 billion in 2026 capex, and TTM free cash flow already collapsed 95% to $1.2 billion.
Why I Can’t Stop Buying Apple Before July 30th
Apple (AAPL) returned $91B to shareholders in FY25 via buybacks and authorized a fresh $100B repurchase program with a 4% dividend raise. Services hit an all-time record $31B in Q2 FY26 at 77% gross margin, riding a base of over 2.5 billion active devices. Apple generated $111.48 billion in operating cash flow in FY25 and returned $90.71 billion to shareholders through buybacks that same year. The 0.34% yield looks small in isolation, but paired with ROE of 171.4% and ROIC of 53.3%, I am fine with management compounding capital inside the business instead of mailing it out. Q2 FY26 revenue reached $111.18 billion, up 16.6% year over year, with iPhone at $56.99 billion and Services at an all-time record $30.98 billion. Services gross margin ran at 76.7% on a base of over 2.5 billion active devices. Apple has delivered nine consecutive beats, with the last quarter posting an EPS of $2.01 against a $1.94 estimate. Over the past year the stock is up 45.86%, and over ten years it is up 1,313.91% on a split-adjusted basis.
Cloudflare Is Up 9% Today: Is It Outperforming Other AI Cloud Stocks Like Oracle, CoreWeave, and Snowflake?
NET trades at 38x trailing sales and a 200x forward P/E, making its Q2 revenue guidance of ~$665 million a critical validation test. The short answer to the headline is yes. Cloudflare is the clear standout today among AI cloud names, and it's also outperforming Oracle by a wide margin year to date (YTD).
How KT Corporation’s (KT) AI Investment Plan Tests Its Shift From Connectivity to Digital Infrastructure
On July 6, news agency Yonhap reported that KT plans to invest about 18 trillion won, or roughly $11.8 billion, as part of its push to become an AI transformation platform company.
DTE Energy Nearing 52-Week High: Buy, Sell or Hold?
That pipeline funds a five-year capital plan of $36.5 billion through 2030, a $6 billion raise from the prior plan. Management reaffirmed $7.59 to $7.73 in 2026 operating EPS and guided to a 6% to 8% long-term growth rate, with upside above 8% CAGR from 2027 to 2030 if additional data center deals close.
Microsoft: All The Negativity Is My Chance To Get In On The Action (Rating Upgrade)
Azure and cloud segments continue to outperform, with Azure growing 40% y/y and AI annual run rate surging 123% y/y to $37B.
Polymarket’s World Cup Bets Hit $3.9 Billion. Now Trump and Zuckerberg Want A Piece.
$3,996,191,303 has traded on the “World Cup Winner” market as of July 6, 2026, per Polymarket, a single contract that has quietly surpassed the platform’s 2024 US presidential contract (~$4 billion). Combined Polymarket and Kalshi World Cup volume is estimated at $4.8 billion to $6.4 billion as of early July 2026, and all-platform prediction-market volume hit roughly $44.8 billion to $50 billion in June 2026, a 75% jump from May. Total 2026 prediction-market volume already crossed $130 billion through June, up from $50 billion in all of 2025. Polymarket has confirmed annualized revenue crossed $1 billion during the tournament surge. Robinhood Markets (NASDAQ:HOOD) is the loudest public beneficiary. Its prediction-markets hub is running at roughly $350 million ARR, about 30% of Kalshi’s volume. Other Transaction Revenue (including Prediction Markets) surged 320% year over year to $147 million in Q1 2026, with a record 8.8 billion event contracts traded. Coinbase Global (NASDAQ:COIN) acquired The Clearing Company in late 2025, and its prediction markets reached $100M+ annualized revenue in the first two full months (March). CME Group (NASDAQ:CME) partnered with FanDuel for FanDuel Predicts while posting record Q1 2026 ADV of 36.2 million contracts, up 22% year over year. Interactive Brokers (NASDAQ:IBKR) has rolled out event contracts alongside its core broker business, which posted Q1 2026 commission revenue up 19% year over year to $613 million. Bernstein’s Gautam Chhugani projects volume reaching $240 billion in 2026 and possibly $1 trillion annually by 2030, an ~80% CAGR.
Luxshare Raises $3.1 Billion in Hong Kong's Biggest IPO of the Year
Luxshare Precision Industry, a Chinese components manufacturer and Apple (NASDAQ:AAPL) supplier, raised HK$24.3 billion, or $3.1 billion, after pricing its Hong Kong listing at the top of the range. The company priced 383.5 million shares at HK$63.28 each, according to an exchange filing Tuesday, representing a 13% discount to its latest Shenzhen closing price of 63.28 yuan. Luxshare, which assembles products including iPhones and AirPods, appears to be entering Hong Kong with strong momentum after gaining more than 80% in Shenzhen over the past year and reaching a market value of almost $72 billion. The offering is set to become Hong Kong's biggest first-time share sale this year, surpassing Victory Giant Technology Huizhou, a printed circuit board maker, which raised HK$23.1 billion in April. Luxshare stopped taking orders on Friday instead of Monday, suggesting investor demand may have been strong enough to close the book early. The listing also comes as investor enthusiasm around AI-related debuts has helped push Hong Kong share sales to a five-year high, with cornerstone investors including Temasek Holdings, GIC and Hillhouse Investment backing Luxshare's offering.
The Number That Could Test The New SanDisk Stock Story
According to the company, these deals account for over a third of our bits in fiscal year 2027. The uncommitted volumes would face pricing pressure, potentially dragging down the company’s high gross margins, which hit 78.4% in the last quarter. If that predictability only applies to a minority of its output, the valuation starts to look stretched.
Amazon's Stock Is Historically Cheap. Now Is Your Perfect Buying Opportunity
During Q1, AWS accounted for 59% of Amazon's operating profits despite only making up 21% of revenue. That's because the operating margin in this segment is far higher than in e-commerce. AWS grew at a 28% rate -- the best in nearly four years. But that growth rate is expected to continue ramping up, as Amazon is spending big on new data centers. It has been pouring major resources into expanding its artificial intelligence computing footprint, and plans to lay out a jaw-dropping $200 billion on data center capital expenditures in 2026.
Snowflake (SNOW) Stock Could Be 12% Undervalued After Fresh AI Expansion News
Over three years, Snowflake has returned 54.5%, which puts a spotlight on whether recent gains already reflect the company's long term potential. On these assumptions, the DCF points to an intrinsic value of about $298 per share. This sits above the current share price and implies the stock is around 12.1% undervalued. P/S is often a useful way to look at Snowflake because the company is still in a phase where revenue and free cash flow matter more than traditional earnings metrics like P/E. Right now, Snowflake trades on a P/S of about 18.0x, which is higher than both its IT industry average of roughly 1.8x and a peer group average of about 17.2x. A tailored fair P/S ratio for Snowflake, which adjusts for its size, margins, growth profile and risks, sits closer to 12.6x. That is a step below the current 18.0x and indicates that investors are paying a premium for the stock relative to what this framework would imply. Bull case: 10% undervalued "Rapid product innovation, including the launch of ~250 new features and expanded offerings such as Snowflake Intelligence, Cortex AI SQL, and Postgres support, is increasing average revenue per user and deepening customer stickiness, which should drive recurring revenue and long-term topline growth…"
Rapid7, Five9, and RingCentral Shares Skyrocket, What You Need To Know
DigitalOcean pre-announced that remaining performance obligations (RPO) would exceed $800M, more than 10x year-over-year and up over $550M in the quarter, driven by multiple new nine-figure AI inference contracts, with average contract life stretching from 1.6 to over three years. Revenue growth was guided to accelerate to ~29% (from a prior 24–25% guide), and margins to the high end.
Nebius Group (NBIS) Gains on Massive AI Deals, Here’s What You Need to Know
Nebius Group N.V. (NASDAQ:NBIS) has gained more than 154% over the past 6-months. However, the Street remains bullish on Nebius Group N.V. (NASDAQ:NBIS) with analysts' 12-month price target suggesting more than 22.9% over the next 12-months.
Palo Alto (PANW) Up More than 96% Over The Past 6 Months, Is it The Best Performing Agentic AI Stock?
Palo Alto Networks, Inc. (NASDAQ:PANW) has gained more than 96% over the past 6 months and roughly 24% since the release of its fiscal Q3 2026 earnings on June 3. The company posted $3 billion in revenue and topped the expectations of $2.94 billion. Notably, the company's next-generation security ARR grew 60% year-over-year to reach $8.1 billion. The company raised its fiscal year 2026 revenue guidance to between $11.415 billion and $11.425 billion, alongside an increased non-GAAP EPS outlook of $3.77 to $3.79.
PagerDuty and Paylocity Shares Are Soaring, What You Need To Know
DigitalOcean pre-announced that remaining performance obligations (RPO) would exceed $800M, more than 10x year-over-year and up over $550M in the quarter, driven by multiple new nine-figure AI inference contracts, with average contract life stretching from 1.6 to over three years. Revenue growth was guided to accelerate to ~29% (from a prior 24–25% guide), and margins to the high end.
ServiceNow (NOW) Among the Best Software Stocks to Buy in 2026
Management expects fiscal Q2 2026 subscription revenue to grow by 22.5% year-over-year to be in the range of $3.815 billion – $3.820 billion.
Atlassian and Intuit Shares Skyrocket, What You Need To Know
DigitalOcean pre-announced that remaining performance obligations (RPO) would exceed $800M, more than 10x year-over-year and up over $550M in the quarter, driven by multiple new nine-figure AI inference contracts, with average contract life stretching from 1.6 to over three years. Revenue growth was guided to accelerate to ~29% (from a prior 24–25% guide), and margins to the high end.
Netflix, Disney, YouTube target $2B FIFA rights package for next World Cups - CNBC
According to a recent report from CNBC, heavyweights Netflix Inc (NASDAQ:NFLX), Walt Disney Company (NYSE:DIS), and Alphabet's (NASDAQ:GOOGL) YouTube are all actively exploring bids for the coveted soccer package. Sources familiar with the matter indicated that media executives are budgeting between $1.5 billion and $2 billion per tournament, dwarfing historical figures. FIFA is further driving up the premium by signaling intentions to sell the English- and Spanish-language U.S. rights as a combined single package. This packaging pivot will likely squeeze out traditional players like Comcast Corp's (NASDAQ:CMCSA) NBCUniversal, which is currently evaluating its post-spin-out finances and remains unlikely to compete at that price threshold. Shares of Netflix, Disney, and Alphabet remained largely unchanged following the news, as investors weigh the massive $2 billion price tag against potential long-term advertising revenues.
Why ConocoPhillips (COP) Stock Is Up Today
Higher oil prices typically translate to increased revenues and profitability for oil and gas companies, boosting investor sentiment across the sector. Oil and gas company profits move almost directly with the price of oil: when oil falls, revenue per barrel falls, and profit margins compress. The Strait of Hormuz is a critical oil chokepoint: approximately 20% of global oil supply passes through it daily. When the strait is at risk from conflict, oil carries a geopolitical risk premium as extra price built in to reflect supply uncertainty. ConocoPhillips is up 11.9% since the beginning of the year, but at $108.25 per share, it is still trading 19.1% below its 52-week high of $133.80 from March 2026.
Coinbase Global (COIN) On Russell Growth Index Removal And A Full Valuation View
These index removals land at a time when Coinbase Global's share price has been volatile, with a 7 day share price return of 11.85% and a 30 day share price return of 7.29%. However, the year to date share price return is down 30.87% and the 1 year total shareholder return is down 53.92%, while the 3 year total shareholder return remains positive. Most Popular Narrative: 11.6% Overvalued According to the most followed narrative on Coinbase Global, the current share price of $163.51 sits above an implied fair value of $146.54, putting recent index changes against a valuation already seen as full. Result: Fair Value of $146.54 (OVERVALUED)
Netflix Stock Is Down 42% From Its High With Earnings Due July 16. Is It a Buy Before the Report?
Netflix's problem, if you can call it that, isn't the business. In the first quarter of 2026, revenue rose 16% year over year to $12.25 billion, helped by membership growth, a price increase, and a fast-growing advertising business. Its operating margin, meanwhile, widened to 32.3% from 31.7% in the same quarter a year ago. The company has stopped disclosing subscriber counts every quarter, but it topped 325 million paid memberships and is now entertaining an audience approaching 1 billion people. Netflix expects ad revenue to roughly double this year to around $3 billion, it now works with more than 4,000 advertisers, up about 70% from a year ago, and the ad-supported plan has become the most popular choice for new sign-ups in the countries where it is offered. For a company that long leaned almost entirely on subscription fees, that second engine matters, because it lets Netflix lift revenue per member without relying solely on price increases. For all of 2026, management is guiding for revenue between $50.7 billion and $51.7 billion -- a 12% to 14% increase -- with an operating margin near 31.5%.
NFLX, DIS, YouTube Want FIFA's World Cup US Rights — Why A $2B Bidding War Is Brewing
According to CNBC, media executives are budgeting between $1.5 billion and $2 billion per tournament for the combined package. The 2030 World Cup is slated to be held across Morocco, Portugal and Spain, while the 2034 tournament will take place in Saudi Arabia, presenting tougher time zones for live U.S. broadcasts than the current North American-hosted games. NFLX stock has lost 14% year-to-date, while DIS has dropped 19%.
Oracle Stock Plummeted by 25% in the First Half of 2026, and This Dire AI Warning Might Be Why
In fact, the company ended fiscal 2026 with a staggering $638 billion in remaining performance obligations (RPO) from customers waiting for more data centers to come online, a figure that had soared by 363% year over year. Oracle expects to convert only around 12% of its total RPO into revenue over the next 12 months, followed by a further 34% in the 24 months after that.
Why Netflix Stock Lost 17% in June
According to data from S&P Global Market Intelligence, the stock lost 17% last month. Analysts are expecting revenue to grow 13.6% to $12.6 billion in the quarter and for earnings per share to improve from $0.72 to $0.79.
CoreWeave stock sinks as mag 7 move rattles investors
According to Reuters, Meta is one of CoreWeave's largest customers, with a total contract commitment of around $35 billion, including a $21 billion deal that runs through December 2032. Analysts tracking CoreWeave stock forecast revenue to increase from $5.13 billion in 2025 to $82 billion in 2030, representing a 74% CAGR. CoreWeave is part of the neocloud market, which is growing rapidly. A research report from Mordor Intelligence projects the total addressable market to expand from $24 billion in 205 to $236.5 billion in 2031, indicating a compounded annual growth rate of over 45%.
If Meta Pushes Into Cloud Computing, Should Investors Care?
Meta Platforms (META +2.59%) could spend as much as $145 billion on AI in 2026 alone. That is a staggering amount of money, and Wall Street has grown increasingly nervous that the spending spree will yield enough returns to keep shareholders happy. Meta now appears to be looking to sell its excess computing power, much like competitors Amazon and Space Exploration Technologies (SpaceX).
Meet the Growth ETF That's Turned $1,000 Into $5,400 Over 10 Years. History Says the Next Decade Could Be Even Better.
Over the past 10 years, the Vanguard Russell 1000 Growth ETF has generated an average annual return of 18.3%, translating to a total return of approximately 440%. That means an investment of $1,000 would have grown to about $5,400. S&P 500 earnings growth is expected to come in at 23% in 2026. Tech is expected to grow at 63% and continue that momentum into 2027.
Aerospace
Chinese lidar maker with Nvidia ties accused of being cyber risk for U.S.
Hesai's expansion has been driven in part by pricing. Hesai told CNBC it has reduced the cost of its lidar units from more than $10,000 each to less than $200. By comparison, U.S. lidar manufacturer Aeva told CNBC its automotive sensors cost "in the few hundreds of dollars" per unit. Industry analysts say that the pricing advantage is reshaping the market. A 2025 automotive lidar report by the Yole Group, a global advisory and market analysis firm, said Chinese firms such as Hesai are "dominating due to cost, scale and government support" while Western players "face higher costs and slower adoption." In a statement to CNBC, Hesai said it's among the first in the industry to mass produce its lidar systems due to its "innovation" and "automotive manufacturing capability." Critics say those lower prices are only possible because of Chinese government assistance. "Chinese lidar companies have benefited from massive unfair state subsidies that have allowed them to scale production and control the market," said Singleton, of the Foundation for Defense of Democracies. Li denied his company receives support from the Chinese government. "That's an accusation with no evidence," he said. "When you see a player being able to build sensors at a much more affordable level, you just assume that they get help." According to Hesai's 2025 annual filing with the U.S. SEC, the company received Chinese government subsidies, preferential tax rates of 15% versus the standard 25%, preferential borrowing rates below benchmark, and a tax break that lets it deduct 200% of its research and development costs. In a statement to CNBC, Hesai said those programs are not unusual, that "governments worldwide commonly offer tax incentives to technology enterprises as a standard measure to stimulate innovation" and that these incentives are "broadly available to all qualifying companies in China, both domestic and foreign." Hesai also wrote that "no government organization, including the Chinese government, holds any equity stake in Hesai."
Hexcel vs. Rocket Lab USA: Which Aerospace Stock Is a Better Buy in 2026?
Among industrial stocks, Hexcel is a primary provider of carbon fiber reinforcements and composite structures used in commercial and defense aircraft. Major customers include Airbus and The Boeing Company, which accounted for roughly 39% and 13% of net sales in 2025 respectively. In FY 2025, revenue reached nearly $1.9 billion, representing a slight decrease of roughly 0.5% compared to the prior year. During FY 2025, revenue reached nearly $601.8 million, showing a strong growth rate of roughly 38.0% year over year. Its backlog has climbed past $2 billion dollars.
Analysts see more upside for SpaceX as post-IPO research begins
$75 billion June IPO - Wall Street analysts have launched overwhelmingly bullish coverage of SpaceX (SPCX) after the expiration of the 25-day post-IPO quiet period. The stock, which priced at $135 in June’s $75 billion IPO, was recently trading at $150.93, down more than 6% from post-listing highs but still above its offering price. - Major underwriters and banks, including Goldman Sachs, Morgan Stanley and others, issued buy-equivalent ratings, with price targets ranging from $205 to as high as $800, citing SpaceX’s strength in launch services, Starlink broadband and government contracts. Wall Street analysts have begun coverage of SpaceX (SPCX) following the expiration of the 25-day quiet period after the company's June initial public offering (IPO), with nearly every major brokerage launching their coverage with a bullish rating.
SpaceX launches Transporter-17 amid concerns about rideshare program’s future
81 payloads, according to SpaceX, including hosted payloads as well as spacecraft carried on orbital transfer vehicles to be deployed later. The mission was anchored by CAS500-4, a 514-kilogram South Korean imaging satellite that will be used for agricultural and forestry applications. Like other Transporter missions, this launch carried a mix of new and returning customers, including those building out or refreshing constellations. Iceye had four radar-imaging satellites on the mission, while Spire had 10 of its Lemur satellites on the launch. Axelspace, a Japanese Earth observation company, flew seven of its GRUS-3 medium-resolution imaging spacecraft on the mission. These and other companies have relied heavily on SpaceX rideshare missions for low-cost access to space on a regular schedule. In recent weeks, several partners and customers of those rideshare missions said SpaceX is not accepting Transporter reservations beyond late 2028 or early 2029. They added the missions on the manifest until then are nearly full. That has led companies like Exolaunch and SEOPS, which have arranged launches on Transporter missions, to buy their own Falcon 9 rideshare launches. SpaceX officials said last year they were near the peak of Falcon 9 launch activity and expected the number of launches to start to decline as the company ramps up Starship, its fully reusable heavy-lift vehicle.
Lockheed Martin Vs. Boeing: Which Stocks Is A Better Buy In July
Lockheed booked $125 million in unfavorable F-16 adjustments, with pressure from C-130, CH-53K, and Seahawk.
SHLD vs. XAR: Should You Play the Rearmament Boom With Defense Tech or Classic Aerospace?
XAR's equal-weight structure beats SHLD badly this year, with XAR up 20% YTD compared to SHLD's 0.4%, as FY2027 budget money floods U.S. mid-cap suppliers. SHLD is the opposite. It is concentrated, global, and thematic. Lockheed Martin sits at 9.461% of assets, RTX at 7.922%, and General Dynamics at 7.152%, with the top three positions alone representing 24.535% of the fund.
SpaceX snags Street-high $300 price target at MS as firm enters Nasdaq 100
Launch: The launch business depends on the development of Starship, its largest rocket. Jonas expects the vehicle to become operational in the fourth quarter of this year, with launch costs falling to roughly $500 per kilogram by 2030 and under $150 by 2040 as total Starship launches scale from 46 in 2027 to more than 6,000 annually by 2040.
Why Did SpaceX Stock Drop Today?
SpaceX raised about $86 billion from its public share offering. But the company was valued at $1.8 trillion at the IPO price. That's less than 5% of the company available to the public. Elon Musk owns much of the balance, maintaining about 46% ownership. Other early investors, institutions, and employees own the rest. The first batch of shares will be available for sale after SpaceX reports its second-quarter results, either late this month or in August. Notably, Musk won't be able to sell his shares until June 2027, but there could still be downward pressure on SpaceX shares in the near future from other sellers.
Could Buying SpaceX Stock Today Set You Up for Life?
$20.7 billion. Capex spending reached $10 billion in Q1 2026, indicating SpaceX will spend even more this year than last. SpaceX's connectivity segment (which is made up primarily of Starlink) had about $11.4 billion in sales last year and $4.4 billion in operating income. It now has 12 million subscribers, up from just 2.3 million in 2022.
Boeing (BA) Could Be 13% Undervalued As 737 MAX Output Ramps Up
A record-high commercial aircraft backlog exceeding $500 billion, with firm orders for the 737 and 787 programs stretching to the next decade, indicates sustained, long-term growth visibility, creating a platform for recovering earnings and improving free cash flow.
Hormuz Tolls Are Just the Beginning: The World’s Busiest Shipping Route Could Be Next
Roughly 2,000 ships and about 20,000 mariners were stranded in the Persian Gulf at the peak of the disruption. The Strait of Malacca handles roughly 22% of all global maritime trade, more than Hormuz, with about 440 commercial vessels transiting daily. Nordic American Tankers has booked nearly two-thirds of Q1 2026 spot days at roughly $55,000 per day. RTX (NYSE:RTX) reported Raytheon segment adjusted operating profit up 25% on Patriot and naval munitions demand, and a $271 billion backlog.
SpaceX Borrowed $25 Billion and Is Buying Up AI Companies. Here's What That Means for Every Tech Stock in Your Portfolio.
$25 billion worth of debt. The race is on for leadership positions in the artificial intelligence era. Achieving one will be no small task, as SpaceX's recent moves indicate. Its acquisition of Cursor demonstrates that it recognizes the importance of creating a robust AI platform -- but it also shows the high costs involved. Cursor is a software development solution built on artificial intelligence that allows users to significantly accelerate programming tasks. It's proven popular, producing over $1 billion in annualized sales last year. We must incur significant capital and operating expenditures to increase our existing data center capacity. To fund its AI infrastructure build-out, Google parent Alphabet recently announced a massive $84.75 billion equity capital raise. Tech giant Meta Platforms increased its 2026 capital expenditure projection to a range between $125 billion and $145 billion. Last year, its capex to boost its AI capabilities was $72 billion. Uber blew through its annual AI budget in four months, and management is questioning whether the outcomes are worth the expense.
Should You Buy SpaceX Stock Right Now?
SpaceX is currently worth more than $2 trillion but generated only $4.69 billion in first-quarter sales. The combined value of those contracts stands at approximately $26 billion per year. It's entirely possible that SpaceX reaches $100 billion in annual revenue by 2028, but what if it doesn't?
Space Force adds Relativity, Impulse Space to national security launch program
The U.S. Space Force is widening the field of companies eligible to compete for national security launch contracts, adding launch startup Relativity Space and orbital transportation company Impulse Space to a roster of commercial providers as it looks to diversify how military satellites reach orbit. Unlike a traditional contract award, admission to the Lane 1 Indefinite Delivery, Indefinite Quantity, or IDIQ, contract does not guarantee launch business. Instead, it places companies into a pre-qualified pool from which the Space Force can solicit bids for individual missions as they arise, provided participants meet the program’s flight-readiness requirements. The additions expand a field that already includes SpaceX, United Launch Alliance, Blue Origin, Rocket Lab and Stoke Space. Lane 1 represents the Space Force’s effort to inject more commercial competition into military launches. The procurement track covers lower-risk national security missions that can use commercial launch services and is intended to give newer providers a pathway into the Pentagon’s launch business once they demonstrate basic flight capability. That contrasts with NSSL Phase 3 Lane 2, which is reserved for the military’s most demanding missions and requires fully certified launch systems capable of meeting the government’s most stringent mission assurance standards.
Bio
Could Roivant Sciences Be a Multibagger Stock Over the Next 5 Years?
Roivant is a biotech company turning a loaded pipeline into reality, and its sales could soar into the billions of dollars over the next five years. Wall Street estimates compiled by market intelligence company Fintel peg 2027 revenue at approximately $1 billion, rising to $4.5 billion in 2031. If you buy Roivant Sciences now, you're assuming a lot of things go right over the coming years. Expectations can change, or better or worse, with a single clinical-trial readout.
Vertex signs agreement to acquire Crinetics for $10bn
The transaction adds two main endocrinology assets to Vertex's portfolio. Crinetics' Palsonify (paltusotine), a once-daily oral therapy for adults with acromegaly, was approved by the US Food and Drug Administration (FDA) in September 2025 and also by the European Medicines Agency (EMA) in April 2026. Vertex has stated that the acquisition is anticipated to contribute to its revenue growth from the ongoing launch of Palsonify, and that atumelnant, if approved, could also generate significant revenue in CAH and potentially in Cushing's syndrome. The two assets together are projected by the companies to have a combined annual peak sales potential exceeding $5bn.
2 Dirt Cheap Healthcare Stocks to Buy in July
Novo's oral Wegovy captured 65% of new US prescriptions and generated $2.26 billion in Q1, but planned US price cuts of ~50% threaten margins. The bull case rests on the Wegovy pill launch. CEO Mike Doustdar called it "the most efficacious GLP-1 tablet now used by more than one million patients since its January launch."
Is It Too Late to Buy Eli Lilly Stock? Here's What $1,000 Invested Today Could Be Worth in 10 Years.
Research from Morgan Stanley estimates that the obesity drug market will continue to surge, from approximately $15 billion in 2024 to as much as $150 billion by 2035. Eli Lilly's Retatrutide is a next-generation subcutaneous triple-receptor agonist currently in late-stage clinical testing. It could have massive commercial potential due to the strong weight-loss results it has achieved in its clinical trials. Analysts estimate the company will grow earnings by an average of 22% annually over the next three to five years.
Here's Why Agios Pharmaceuticals Stock Soared Today (Hint: It's FDA-Related)
The FDA announced it had accepted Agios' supplemental New Drug Application (NDA) for mitapivat for SCD "with a Priority Review." Moreover, it set a goal date for a decision by Nov.1. This is a positive development that implies the FDA is sufficiently impressed by the data the pharmaceutical company submitted that it's willing to grant it a faster review, despite mitapivat missing the SCPCs-related endpoint. The good news is the trial met its primary endpoint of "hemoglobin response and key secondary endpoints of change from baseline in hemoglobin concentration and indirect bilirubin."
3 Reasons to Buy Novo Nordisk Stock
One major obstacle Novo Nordisk faced concerned its next-gen anti-obesity medicine, CagriSema. Though it looked like a smashing clinical success and posted solid weight-loss efficacy numbers in phase 3 studies, it fell short of the 25% mean weight loss management had hoped for. On top of that, it failed to demonstrate non-inferiority to Eli Lilly's Zepbound in a head-to-head study. CagriSema will almost certainly earn approval, but it won't allow Novo Nordisk to take the lead back from Eli Lilly. Amycretin could be more effective and easier to manufacture at scale than CagriSema for those reasons. Amycretin is undergoing phase 3 studies in subcutaneous and oral formulations. Strong results could send Novo Nordisk's shares soaring. UBT251 looks promising, and, together with Amycretin and several other candidates in Novo Nordisk's pipeline, could eventually help the company regain some share in the GLP-1 market. Novo Nordisk boasts some of the strongest margins among its similarly sized peers. The company has achieved industry-leading margins thanks to several factors. Here are two of them. First, the company's strong position in the diabetes and weight-loss market grants it pricing power. Second, the Denmark-based pharmaceutical leader sells medicines that patients stay on for years, especially those with diabetes. Novo Nordisk is an attractive stock to consider for income seekers. The company currently offers a forward yield of 3.6%, which is well above the S&P 500's average of 1.1%. Further, the company's annual dividend has increased consistently, rising almost 145% over the past decade. Besides, the GLP-1 space is projected to grow rapidly and will accommodate multiple winners.
Why Eli Lilly (LLY) Stock Is Trading Up Today
The positive opinion for Jaypirca is for the treatment of chronic lymphocytic leukemia, a significant step that paves the way for the drug's final approval across the European Union, which is expected within two months. Separately, Medicare announced its GLP-1 Bridge program, starting July 1, 2026. The program will provide access to Eli Lilly's Zepbound and Foundayo weight-loss drugs for a $50 monthly copay for eligible participants, potentially increasing access for millions.
Eli Lilly (LLY) After The China Verzenios Shift And The Valuation Debate
You are buying a business already growing at 25% annually, with its most important new drug not yet approved and not yet reflected in any revenue number, at a price that a conservative model says is 27 to 32% below fair value. The pricing headwinds are real, but they are happening to a company with manufacturing scale, regulatory depth, and a next-generation compound that has already beaten the highest analyst expectations in Phase 3. That is the story. Everything after this is just watching the trial readouts come in. Want to see how this narrative gets to that higher fair value for Eli Lilly? The framework focuses on compounded earnings expansion, firm margins, and a future valuation multiple that assumes the weight loss opportunity remains powerful and durable. Result: Fair Value of $1,477.03 (UNDERVALUED)
Why Eli Lilly Stock Climbed to a Record High Today
The healthcare titan's market capitalization has ballooned to more than $1.1 trillion, driven by the blockbuster success of its popular GLP-1 drugs, Mounjaro and Zepbound. Schott predicts that the rapid expansion of the U.S. weight-loss drug market and strong growth in international markets will drive Eli Lilly's sales and profits sharply higher. In turn, Schott expects the medicine maker's earnings to exceed consensus estimates when it reports its second-quarter financial results on Aug. 5. With an estimated 20 million Medicare patients potentially meeting the criteria for obesity drugs, there's a good chance JPMorgan's $1,400 target price for Eli Lilly's shares proves conservative.
Consumer / Retail
Visa: Still An Exceptional Business, But Risks Are Rising
Q2/26 saw revenue up 17.1% and EPS up 35.3% year-over-year, with management and analysts projecting continued double-digit growth. Key risks include declining consumer sentiment, rising credit card default rates, and low personal savings, which could pressure V's growth and valuation multiples.
Wall Street Breakfast Podcast: Walmart Turns Up Discounts
Walmart (WMT) cuts prices. The price reductions will be at Walmart and Sam's Club. At Walmart the most significant discounts are for corn on the cob, which dropped to $0.25 from $0.68 each, and 2.25-pound bags of red cherries to $5.63 from $11.18. Ground beef dropped to $5.94 from $6.74, which is a 12% reduction. If you have a Sam’s Club membership, you’ll see lower prices on more than 250 items. That includes Member's Mark Bone-In Chicken Wings ($2.00/lb., was $2.88/lb.), Member's Mark Beef Hot Dogs ($10.86, was $12.96), Member's Mark 88/12 Ground Beef ($5.97/lb., was $6.17/lb.), and Member's Mark Whole Bone-In Pork Back Ribs ($3.18/lb., was $3.48/lb.), making it easier for members to fuel up, fire up the grill and save. Meta Platforms (META) said four U.S. states are seeking about $1.4T in civil penalties in a lawsuit accusing the company of designing Facebook and Instagram to addict young users and misleading the public about the platforms' safety. Shares fell even though the company projected a 19-fold surge in second-quarter operating profit to 89.4T won ($58.4B), as one-off labor expenses and profit-taking overshadowed AI chip demand. Operating profit from the same period a year earlier was 4.7 trillion won. Samsung's (SSNLF) revenue for the April-to-June period meanwhile came in at 171T won, up from 133.9T won in the previous quarter, according to a statement.
Smurfit Westrock partners with Coca-Cola on World Cup packaging to capture spike in consumer demand
Industry data shows major increases in sales of snacks and soft drinks during the 2022 World Cup1, as viewers stocked up for at-home viewing and social gatherings. There were also significant increases in purchases of soft drinks, snacks and ready-to-eat foods at venues, bars and restaurants during the tournament, as billions of soccer fans engaged with matches worldwide.
3 Dividend Aristocrats to Buy in July
McDonald's delivered this quarter. Our 6% global Systemwide sales growth shows how we executed with discipline. Food services spending in the broader economy supports the setup: PCE data shows food services climbing to $1,538.3 billion in May 2026, up steadily from January. Q1 2026 revenue hit $15 billion (up 12% YoY), with Skyrizi at $4.48 billion (+31%) and Rinvoq at $2.12 billion (+23%). Management raised 2026 adjusted EPS guidance to $14.08-$14.28. Q1 FY2027 results showed revenue up 10% YoY to $23.08 billion, the fourth consecutive quarter of positive comps, and online sales up 16%.
Rivian's Good Day Came With a Price Tag
The delivery beat feeds a bigger narrative of growing optimism around the company's new R2 vehicle platform. Rivian announced it was selling 75,000,000 new shares of common stock. You can't blame a company for raising cash when its stock is hot, especially when its net margin is still -63.6%.
Walmart cuts prices on thousands of items, including beef and soda
Walmart is lowering prices on thousands of items, including beef, soda and household goods. Walmart is lowering prices on thousands of products, including beef, Coca-Cola and laundry detergent, saying the cuts are aimed at reducing the costs of seasonal summer items. The largest U.S. retailer on Monday said the price cuts will be available in its stores and in Sam's Club locations, on Walmart.com, SamsClub.com, and through the Walmart and Sam's Club apps. Walmart declined to comment on Mr. Trump's post. Its announcement about the price reductions did not mention the president. The Consumer Price Index in May reached its highest level in more than three years, driven higher by soaring energy prices caused by the Iran war. "It's a win/win for both sides — Trump needs to improve his messaging around affordability ahead of the midterms, and Walmart loves to occupy the low-price spotlight," Crisafulli wrote.
The Retirement Portfolio Sweet Spot Explained With Real Examples
3. Lululemon Athletica Lululemon Athletica (NASDAQ:LULU) is the spiciest of the three. Shares are down 44.4% year to date and 53.3% over the past year, with a weekly RSI of 34.87, well inside oversold territory. Valuation looks compelling: a trailing P/E of 9x and a forward P/E of 10x, against an analyst target of $132.16. 2. Disney Walt Disney(NYSE:DIS) is a classic beaten-down blue chip. Shares are down 14.4% year to date and 21.4% over the last year. Weekly RSI at 43 is only moderately weak, though the stock trades below both its 50-day and 200-day moving averages. 1. Intuit Intuit (NASDAQ:INTU) is the cleanest match of the three for the oversold-plus-undervalued thesis. The stock is down 58.9% year to date and 65.1% over one year, with weekly RSI of 28.74 after six consecutive weeks in oversold territory. Forward PE is 10x, and the analyst target of $486.61 is well above the current $272.14. Q3 FY2026 revenue was $8.56 billion, which was 10.37% higher than a year ago. EPS of $12.80 beat the $12.57 estimate, marking a fourth consecutive beat. Credit Karma grew 15%, Online Ecosystem grew 19%, and QuickBooks Online Accounting revenue rose 22%.
Rivian stock drops as company launches $1.5 billion share sale
$1.51 billion in proceeds. Net proceeds would go toward general corporate purposes, the company said, with a portion earmarked for equity contributions tied to an amended loan arrangement with the U.S. Department of Energy, according to Bloomberg. The gains were driven in part by strong second-quarter delivery results and investor interest in the company's new R2 SUV line. Concurrent with the share sale announcement, Rivian issued a preliminary look at its second-quarter financials, putting revenue for the period at between $1.55 billion and $1.65 billion, an improvement from $1.30 billion in the year-earlier quarter. Second-quarter deliveries totaled 12,194 vehicles, and the company nudged its annual delivery target upward to a range of 65,000 to 70,000 units from a prior forecast of 62,000 to 67,000.
How To Target A 10% Yield While Catching The BSX Stock Knife?
Management recently did something it is "not proud of": it cut full-year guidance, reducing its organic growth forecast to a range of 6.5% to 8%. The trouble is concentrated in what were supposed to be its star franchises. The WATCHMAN heart device, while still growing 19% in the first quarter, came in below expectations. The electrophysiology, or EP, business is losing a bit more share than the company's management anticipated, and the Urology division posted a meager 1% organic growth in its last quarter. But that's not the whole story. While those three businesses struggle, other parts of the portfolio are performing well. The Neuromodulation and Interventional Oncology businesses both posted organic sales growth of 15% in the first quarter. And even with the top-line haircut, the company still expects to deliver adjusted earnings growth of 9% to 11% for the year, a sign of disciplined cost management.
Nike Stock: Is It a Buy After Its Recent Earnings Beat?
Nike beat expectations, but the results remain underwhelming On June 30, Nike reported its fourth-quarter results for the period ending May 31. While revenue for the period totaled $10.97 billion and beat analyst expectations of $10.86 billion, that still represented a year-over-year decline of 1%, reflecting a low bar for the company. Nike benefited from tariff refunds during the quarter, which enabled its bottom line to jump from $211 million a year ago to nearly $1.1 billion for the most recent period. Even on an adjusted basis, however, the company's per-share profit of 20 cents was better than expectations of 13 cents. The earnings results have given the apparel stock a bit of a boost, but CEO Elliott Hill, who took over nearly two years ago, admits that the company still faces challenges in its turnaround effort, particularly in Greater China, where sales declined by 12%. "We know we're not living up to our full potential."
Walmart Drops The Price Of Coke By 33%
Walmart U.S. had revenue of $117.2 billion. Operating income was $5.9 billion, or 5%.
Fastnet Fish buys value-added business Seafish UK
According to Companies House in London, the most recent accounts filed for the year to 31 December 2024 showed Seafish UK generated a turnover of £18.2m ($24.3m) compared to £16.6m a year earlier. Net profit stood at £458,773 versus £248,321 in the corresponding period.
PE firm Apheon buys new French food group Alma
Combined, Alma employs around 115 people and generates around €40m ($45.7m) in revenue. The company supplies to wholesalers, foodservice operators and retailers, primarily in France. Apheon said it will help Alma in "further accelerating its organic growth, repositioning Varachaux towards higher-value frozen snacks and halal product ranges and pursuing a selective buy-and-build strategy across a highly fragmented European market". "Wolfgang de Limburg, Apheon managing partner, added: "Alma operates in an attractive, fast-growing niche where it holds a leading position, underpinned by authentic products, strong industrial capabilities and a clear consolidation opportunity ahead."
As prices fall, crack spread signals a split in oil markets
The Department of Energy/Energy Information Administration average weekly retail diesel price declined 9 cents/gallon to $4.578/g, effective Monday and published Tuesday. That price decline in those 13 weeks would have been consecutive except for a one-week big jump in early May. But the more stark "split decision" in the oil market is more clearly evident in what are known as "crack spreads" between the price of crude and the price of the products produced from that crude. That crack spread in recent days has been 70% to 75% of the value of a barrel of crude. At the start of June it was about 45%. When 2026 began, it was about 27%. Crude on the CME commodity exchange June 23 settled at $77.08/barrel. Monday, the settlement was $71.99/b. Meanwhile, ultra low sulfur diesel on the CMD settled $3.1762/g on June 23, and $3.2984/b Monday. The crack spread numbers are so unprecedented that it is leaving analysts few words to describe how bizarre it is. But it has also led to a general consensus that something needs to give. Either the price of crude needs to fall to bring the spread toward some form of normalcy, or product prices need to decline toward a more normal spread against crude. Dan Pickering of Pickering Energy Partners said in a recent online commentary that there were several reasons for the downward trend in crude prices, which have seen the price of global crude benchmark Brent drop from about $93/barrel a month ago to a settlement Monday on the CME commodity exchange of about $72/b. He cited four key factors: "The US appears unwilling to return to sustained kinetic actions against Iran; more supply IS moving through the Strait of Hormuz; China has not yet returned to importing crude; the International Energy Agency is warning of a supply glut in 2027." But Pickering expressed caution as well, describing the current period as a "honeymoon phase. "The physical side of the oil market remains tight…and eventually supply/demand/inventory dynamics drive the bus," he wrote. Pickering said his firm believes that the crude market should be more bullish. "The conundrum is that investors won't care until prices go up, but prices won't go up until investors care," he wrote. In an interview on CNBC, Citigroup's Francisco Martoccia said his company's forecast is that Brent next year can drop to $60/b "because the geopolitical premium has eroded, while fundamentals remain weak," he said. The risk to that model, Martoccia said, would be China coming back into the market as a supplier, and the ending of U.S. supply of oil into the market as it dials back its release of oil from the Strategic Petroleum Reserve.
Texas hits Walmart with $13M settlement over delivery driver pay
According to the Assurance of Voluntary Compliance filed in Collin County, Texas, investigators alleged Walmart made misleading representations to delivery drivers dating back to at least 2021 involving three primary categories of compensation: customer tips, base pay and incentive bonuses. The state alleged Walmart sometimes promised drivers they would receive the full customer tip on deliveries that were later split among multiple drivers, reducing the actual amount received. Investigators also claimed Walmart modified or removed deliveries from accepted batches without notifying drivers, reducing both expected tips and base pay after offers had already been accepted.
Chipotle vs. McDonald’s: Why the Stock with Negative Comps Is the Better Buy
Comparable sales fell 2.5% with transactions down 3.2%, even as the chain opened a record 334 restaurants for the year. Global comps jumped 3.8%, U.S. comps rose 3.9% on positive check growth, and revenue climbed 9.4% to $6.52B. Loyalty members spent over $9B in the quarter alone, part of a $38B trailing twelve-month base. Chipotle guided to roughly flat comps with 350 to 370 new openings. McDonald’s expects net expansion to add ~2.5% to systemwide sales and operating margin in the mid-to-high 40% range.
This Ridiculously Cheap Warren Buffett Stock Could Make You Richer
Last year, the company returned to positive same-store sales (comps), and that continued this year. Fiscal first-quarter comps grew 3.1%. Comps were higher across its Macy's, Bloomingdale's, and Bluemercury brands. Notably, the latter two had 10.2% and 6.4% comps' growth, respectively. The period ended on May 2. Importantly, management increased its guidance for the year. It now projects comps to increase 0.5% to 1.2%, compared to the prior -0.5% to 0.5% expectation.
DHL Group raises earnings forecast after pre-tax income jumps 29%
DHL's (XETRA: DHL) 2026 earnings before interest and taxes is now expected to exceed 6.5 billion euros compared to the previous guidance of 6.2 billion euros (equivalent to $7.43 billion vs. $7.1 billion), assuming geopolitical conditions in the Middle East and elsewhere don't worsen. DHL said revenue increased by more than 10% year over year and that EBIT reached $2.1 billion. DHL Express reported EBIT of about $1.4 billion, nearly double the income for the prior year period, which DHL attributed to greater weight per shipment and the higher pricing that enables. About $171 million in income benefit came from capacity constraints in the air cargo market, as the Iran war forced Middle East carriers to significantly reduce operations. DHL's forwarding division generated EBIT of about $274.3 million, up 24.4% year over year. DHL Supply Chain earnings declined 12.3% to $348.6 million, partly due to a positive one-time gain in 2025. DHL eCommerce reported EBIT of about $57.1 million, a 10.7% decline from the second quarter last year. Post & Parcel Germany achieved EBIT of about $154.3 million, down 18.7%.
If You'd Invested $10,000 in Costco 10 Years Ago, Here's How Much You'd Have Today
Ten years ago, Costco Wholesale (NASDAQ: COST) traded around $155 a share. If you had put $10,000 into the membership-based retailer back then and reinvested every dividend along the way, you would be sitting on about $72,000 today. In its fiscal third quarter (the period ended May 10, 2026), Costco's net sales rose 11.6% year over year to $69.2 billion. For the retail month of May, net sales climbed 14.5%, with comparable sales -- a measure of revenue at locations open at least a year -- up 12.5%, and digitally enabled comparable sales up 21.1%.
Why AT&T’s (T) California Copper Fight Matters for Legacy Network Cost Control
The legacy copper network costs about $1 billion a year while serving only 3% of its customers in the state.
Walmart's Price Cuts Get A Presidential Assist
The Fourth of July cookout was the most expensive on record this year. A classic Independence Day spread for 10 people cost $73.82, according to the American Farm Bureau Federation's 2026 Summer Cookout Cost Survey, the highest since it began tracking the holiday meal in 2016. That's up nearly $3 per person, or 4%, from last year, tracking closely with overall inflation, which stood at 4.2% over the 12 months ending in May. Ground beef hit a fresh record last month at an average of $7.06 a pound, up 13% from a year earlier — a number that shows up directly in Walmart's own promotion, which singles out ground beef for a price cut. Walmart's moves match the country's mood. The University of Michigan's Consumer Sentiment Index ticked up last month from May but is still about 19% below where it stood a year ago. "The cost of living remains at the forefront of consumers' minds," the report noted. For the third straight month, more than half of consumers volunteered that high prices are weighing on their finances, without being asked. Numerator puts Walmart's grocery market share at 19.9%, still No. 1 but down from 20% in 2025 and 20.4% in 2024. Kroger, at No. 2, is also slipping, now at 8.3%. Costco, at No. 3, keeps climbing, up to 8.2%. By another measure, Walmart is winning exactly the customers this moment is about. Dunnhumby's Consumer Trends Tracker, released in February, found that among U.S. adults under 55, Walmart's grocery penetration hit a record 72% — driven not just by lower-income shoppers but by more affluent families worried about food costs. For the first time, the mass retailer channel matched traditional supermarkets on penetration, at 79% each — which Dunnhumby says reflects "a shift of millions of consumers changing shopping patterns."
Phillip Securities Downgrades Adobe (ADBE) to Neutral, Here’s What You Should Know
The Street's average 12-month price target suggests more than 11.5% upside from current levels. On June 29, Phillip Securities downgraded Adobe to Neutral, slashing its price target to $203 from $385. The firm argued that fears about generative AI disrupting Adobe's business have gone too far. Moreover, HSBC also raised earnings estimates for 2026-2028 by 3% – 8%, citing operating momentum and buybacks.
XOM Stock Posts Best Day In Over Five Months — Exxon Lifts Q2 Upstream Income Outlook To Highest Since 2022
Exxon Mobil’s updated outlook would roughly place upstream incomes at $9.6 billion for the quarter ending June when compared to the previous quarter ending March 2026. XOM reported upstream income of $5.7 billion in March, sequentially higher but lower than the same quarter last year as the US-Iran war disrupted global shipments. In context, the energy giant reported earnings of $1.16 per share which surpassed the consensus forecast of $1.03 for the quarter ending March 2026, while revenue reached $85.14 billion compared to expectations of $81.24 billion.
McCormick Is Shifting From the Spice Rack to the Refrigerator With This $45 Billion Deal
The combined company will be larger, more diversified, and more profitable, with operating margins projected to expand from 17% to 21% post-integration.
BlackRock (BLK) Is Launching IQQ To Take On Nasdaq 100 ETF Leaders
The iShares Nasdaq 100 ETF strengthens BlackRock's ETF shelf at a time of strong interest in U.S. large cap and technology exposure. Watch IQQ's expense ratio, fee competition with Invesco, and early asset gathering as signals of how much this product might support BlackRock's broader growth ambitions. The ETF launch adds product and distribution costs while BlackRock already faces two flagged risks around insider selling and dividend cash flow coverage.
PepsiCo (PEP) Price Target Trimmed at JP Morgan. Here is Why
PepsiCo, Inc. (NASDAQ:PEP) is expecting its organic revenue to increase between 2% to 4% in FY 2026, while it is guiding a core constant currency EPS growth in the range of 4% to 6% for the year. The company is also targeting shareholder returns of approximately $8.9 billion, including $7.9 billion of dividends and $1 billion of share repurchases.
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Persol Holdings Co.,Ltd. (TEMPF) Analyst/Investor Day Prepared Remarks Transcript
We had redefined business portfolio toward 2030 and beyond based on market growth potential and competitive advantage in the AI era. Broadly speaking, our core strategy is to hone our ability to generate profits from existing businesses and shift resources to areas that will grow in the AI era.
MeiraGTx wins $400M investment from Oberland Capital
MeiraGTx Holdings (MGTX) on Tuesday announced an agreement with Oberland Capital Management LLC to receive up to $400M in funding from the private investment firm to support the development of its gene therapy candidates.
Streamex launches 10M share buyback program
Streamex (STEX) board authorized a new share repurchase program allowing the company to buy back up to 10M shares of its common stock at prices of up to $2.00 per share over the next 12 months.
Bank of America: Previewing Its Q2 Earnings Release
Bank of America Corporation is set to release its Q2 earnings on July 14th, with revenue expected at $30.50B and EPS in line with Q1 at $1.11. The bank's fundamentals were strong pre-Q1. Market-based variables suggest that we could see much of the same in the bank's Q2 report. Multiples are high relative to their five-year averages and RSI has reached 70; I think investors will demand a strong quarterly report before adding to their positions.
CareDx: The Transplant Platform Is Becoming A Specialty Diagnostics Compounder
CareDx (CDNA) has changed from being just a transplant diagnostic business, looking for ways to protect one testing franchise, into a repeat-testing specialty diagnostics platform. CareDx: The Transplant Platform Is Becoming A Specialty Diagnostics Compounder Summary - CareDx has transformed into a focused, high-acuity specialty diagnostics platform, emphasizing repeat testing, data-rich services, and workflow integration. - Recent strategic actions—Lab Products divestiture, Naveris acquisition, and VANTx launch—sharpen CDNA’s growth profile, recurring revenue, and margin potential. - Q1 2026 marked a shift to operating leverage: 39% revenue growth, gross margin expansion to 71%, and positive net income, with strong guidance for 2026. - Despite reimbursement and integration risks, CDNA’s discounted valuation, cleaner mix, and differentiated ecosystem underpin a compelling bullish thesis. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours.
Rivian stock down on 75M share sale, pre-announces Q2 revenue
Rivian said it would offer up 75 million shares of Class A common stock, with underwriters holding a 30-day option to buy up to 11.25 million additional shares. Rivian disclosed preliminary second-quarter total revenue of between $1.55 billion and $1.65 billion, up from $1.30 billion a year earlier. The company also estimated cash, cash equivalents, and short-term investments climbed to roughly $5.3 billion as of June 30, up from $4.8 billion at the end of the first quarter. Those results come ahead of the delivery ramp for R2, Rivian's new midsize SUV and expected volume seller. Factors like early R2 reviews and conversion of pre-orders likely led the company to raise its full-year 2026 delivery guidance to a range of 65,000 to 70,000 vehicles, up from 62,000 to 67,000 previously.
Germany Plans $1.7 Billion Strategic Natural Gas Reserve
Germany is moving to create a state-owned strategic emergency reserve of natural gas to boost its energy security, the Economy Ministry of Europe's biggest economy said on Tuesday. Earlier today, Reuters reported that the strategic government-owned reserve would require up to $1.7 billion (1.5 billion euros) to build the reserve and buy the gas to inject into the storage in 2027 and 2028. The emergency gas reserve would hold volumes of gas equivalent to nearly 10% of all the gas storage capacity in Germany. The funding for the reserve will come from a levy on gas consumers, the German Economy Ministry said today. Germany and Europe are currently racing to rebuild gas reserves in existing commercial storage after the winter left sites depleted, with gas levels at their lowest in years. As of July 6, Germany's gas storage sites were 42.88% full, according to data from Gas Infrastructure Europe. The share of LNG imports of Germany's total gas supply rose to 12% in the first half of the year, up from 10% a year earlier, despite the shock supply loss from the Middle East due to the closed Strait of Hormuz, according to data by the German regulator.
RIA Holding Firm Aspen Standard Pens Deal for $1.3B Michigan-Based RIA
Aspen Standard Wealth, a New York-based holding company that takes majority stakes in registered investment advisors, has acquired a wealth manager based in Kalamazoo, Mich., managing $1.3 billion in client assets across the United States. CWS Financial Advisors, which dates back to 1983, will join the Aspen platform while maintaining its fee-only, RIA structure, the firms announced Tuesday.
Union Pacific, Norfolk Southern submit more merger data
Union Pacific and Norfolk Southern today submitted the first portion of information requested by the Surface Transportation Board when it conditionally accepted their revised merger application May 28. The STB set a deadline of July 27 for the partners to submit the additional data. UP (NYSE: UNP) and NS (NYSE: NSC) earlier said that the data would come in two filings. The start of the formal evaluation and environmental review of the proposed $85 billion merger was delayed pending the new submissions. The second filing is expected to cover the enhanced competition aspects of the merger stipulated by the STB. Union Pacific and Norfolk Southern reiterated in their filing that they do not control TRRA and KCT, which handle interchange traffic between Class I carriers. They offered to divest their stakes in order to preserve that neutrality. The railroads said that they are committed to working with the STB toward a mid-2027 completion of the merger.
IRS makes claiming COVID refund easier ahead of July 10 deadline
The IRS quietly added a tool to its website to allow electronic filings of the form necessary to claim the potential refund. Normally, Form 843, also called the Claim for Refund and Request for Abatement form, has to be filed by paper or through a professional. However, the IRS on July 1 launched electronic filing of the form only for claims related to the potential COVID refund. The forms can be found on the IRS website's mobile-friendly forms web page. Tens of millions of taxpayers may be entitled to refunds or abatements of penalties and interest that the IRS assessed during the nearly 3.5-year COVID-19 federal disaster period, but the only way to receive relief is to file a claim by July 10. If no claim is filed, you will forever lose the chance to receive a potential refund or abatement. The law puts a deadline on how long people get to claim the refund, and that formula brings the last day to do so to July 10, 2026, tax experts said.
Nyxoah reports Q2 2026 preliminary revenue of €7.7M
Nyxoah SA (NYXH) on Tuesday reported second quarter preliminary revenue of about €7.7M, reflecting 21% sequential growth over the first quarter of 2026. The company said that U.S. net revenue is expected to be approximately €5.2M in the second quarter of
Dell Stock's Secret: It Gets Paid Before It Pays Its Bills
Over the last three years, Dell Technologies’ (DELL) net income has grown at a blistering 66.3% average annual rate. But if you own the stock, your earnings per share have grown even faster, at 71.0% a year. The stock itself has been on a tear, gaining 136% over the past three months, though it currently trades about 12% below its 52-week high. Over the last twelve months, the company spent about $6.2 billion on share repurchases and paid $1.5 billion in dividends. Dell operates with a negative cash conversion cycle, meaning it collects cash from customers long before it has to pay its suppliers. It carries about $45.3 billion in accounts payable, an interest-free loan from its partners that covers its inventory about 3.0 times over. This is the surprising reason its operating cash flow runs at about 1.5 times its reported net income, turning a thin-margin business into a cash-compounding operation. The company’s debt is moderate, with net debt at 1.3 times EBITDA and an interest coverage ratio of 7.3 times. Capital return is just one driver of the stock’s performance, alongside earnings growth and changes in its valuation multiple, which currently sits at a trailing price-to-earnings ratio of 31.6.
Frazier Healthcare Partners to acquire MatrixCare from ResMed
Frazier Healthcare Partners announced on Tuesday it has entered into a definitive agreement to acquire MatrixCare from Resmed (RMD).
Is AbbVie (ABBV) Fully Valued After Its Tepkinly Approval?
Against this backdrop of oncology approvals and index inclusions, AbbVie's recent momentum is clear, with a 30 day share price return of 12.07% and a 90 day share price return of 20.35%, while 1 year total shareholder return sits at 38.56% and the 5 year total shareholder return is 160.51%. Analysts expect earnings to reach $22.7 billion (and earnings per share of $13.29) by about June 2029, up from $3.6 billion today.
Wells Fargo (WFC) Could Be 9% Below Fair Value As Bond Issuance Draws Focus
Wells Fargo shares recently gained 5.5% over the past week and 6.4% over the past month, but remain down 8.4% year to date, while the 5 year total shareholder return of 127.5% points to meaningful longer term compounding. Recent additions to defensive equity indexes, an expected 11% dividend increase, and ongoing earnings expectations have kept attention on how the market is weighing Wells Fargo's capital strength and risk profile around these new bond issues. Compared with Wells Fargo's last close at $87.18, the most followed narrative anchors fair value at $96.11, framing current pricing as a discount to its modeled cash flows under an 8.71% discount rate. The removal of the asset cap and resolution of multiple regulatory orders unlocks Wells Fargo's ability to aggressively grow its balance sheet, including deposits, loans, and trading assets, after years of constraint, likely resulting in higher revenue and earnings growth over the coming quarters and years.
UniCredit Says It Controls Nearly Half of Commerzbank Following Takeover Push
UniCredit said it increased its voting rights in Commerzbank but fell short of securing a majority share of the German bank.