Daily Point
_ Dow Jones 52,508.27 (-0.79%)
_ S&P 500 7,543.59 (+0.53%)
_ Nasdaq 26,107.01 (+1.12%)
_ Bitcoin 64,615.58 (+1.28%)
Topline Signals
- US Macro: The Consumer Price Index fell 0.4% in June, bringing the annual inflation rate down to 3.5% from 4.2% in May.
- IBM: Preliminary second-quarter revenue of $17.2 billion missed the $17.86 billion consensus, triggering a 22% stock decline as enterprise clients redirected capital to AI hardware.
- Goldman Sachs: Second-quarter net revenues reached a record $20.3 billion with record earnings per share of $20.98, driven by a 72% year-over-year increase in equities trading revenue to $7.4 billion.
Good day.
The divergence in today's market indicators—where the Nasdaq and S&P 500 marched higher while the Dow faltered—is a classic illustration of structural capital reallocation. The cooler-than-expected June inflation print of 3.5% has granted the markets some much-needed breathing room, collapsing the immediate probability of a July rate hike. As we look forward to the upcoming PPI and Retail Sales data, the macro liquidity picture is stabilizing, but the real lesson for long-term investors lies not in the Federal Reserve's next move, but in the aggressive cannibalization of traditional enterprise budgets.
IBM’s dramatic decline serves as a stark warning of the "broken window" effect in the technology sector. Enterprise capital is finite. Corporations are actively stalling legacy software upgrades and traditional IT projects to fund the insatiable demand for AI infrastructure, memory, and advanced graphics processing units. This budget shift is creating immense wealth for the gatekeepers of the physical layer—such as TSMC, ASML, and Micron—while quietly starving legacy software and services. To build lasting financial independence, one must avoid the value traps of declining legacy giants and instead own the high-margin, supply-constrained toll booths of this technological transition.
This massive capital cycle is simultaneously fueling a historic windfall for Wall Street's premier institutions. The blockbuster earnings from Goldman Sachs and JPMorgan Chase, driven by record equities trading and advisory fees from mega-cap tech raises, show that the financial plumbing of the global economy is capturing a significant share of this investment boom. This system-wide liquidity is also beginning to lift digital assets, with Bitcoin reclaiming the $64,000 level as monetary tightening fears subside. The underlying metrics reveal a healthy rotation, with long-term holders consolidating supply and centralized exchange volumes rising, alongside a record expansion in tokenized real-world assets. True wealth accumulation requires looking past daily volatility to position your capital where the structural flows are concentrated: advanced computing hardware, secure energy infrastructure, and sovereign digital assets.
Weekly Schedule
15 Jul (Wednesday)
PPI
Core PPI
NY Empire State Manufacturing Index
FOMC Member Williams Speaks
Crude Oil Inventories
Cushing Crude Oil Inventories
Beige Book
BlackRock Earnings Call
Johnson & Johnson Earnings Call
Morgan Stanley Earnings Call
16 Jul (Thursday)
GDP
Retail Sales
Core Retail Sales
Philadelphia Fed Manufacturing Index
Philly Fed Employment
Retail Control
Initial Jobless Claims
Continuing Jobless Claims
Pending Home Sales
Retail Inventories Ex Auto
Business Inventories
Atlanta Fed GDPNow
GE Aerospace Earnings Call
Intuitive Surgical Earnings Call
Netflix Earnings Call
Prologis Earnings Call
UnitedHealth Group Earnings Call
17 Jul (Friday)
CPI
Export Price Index
Import Price Index
Housing Starts
Building Permits
Housing Starts
Industrial Production
Industrial Production
Michigan Consumer Sentiment
Michigan 1-Year Inflation Expectations
Michigan 5-Year Inflation Expectations
Michigan Consumer Expectations
Atlanta Fed GDPNow
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
18 Jul (Saturday)
19 Jul (Sunday)
20 Jul (Monday)
US Leading Index
Starbucks Earnings Call
21 Jul (Tuesday)
ADP Employment Change Weekly
API Weekly Crude Oil Stock
Danaher Earnings Call
Charles Schwab Earnings Call
General
Mortgage & refinance interest rates today, Tuesday, July 14, 2026: Rates mixed this morning
According to the Zillow lender marketplace, the average 30-year fixed rate is 6.42%, down 2 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.
He Retired at 58, Not 65. Here’s Why His Social Security Claiming Decision Matters More Than His Portfolio
Claim at 62 with a full retirement age (FRA) of 67 and your monthly check is cut by roughly 30%. Waiting past FRA works the other direction: benefits grow by about 8% for each year you delay up to age 70. If his full retirement age benefit would be $3,000 a month, claiming at 62 shrinks it to roughly $2,100. That $900 gap does not close. It compounds through cost-of-living adjustments (COLAs) and flows through to any survivor benefit his spouse might receive. The 2026 COLA of 2.8% gets applied to whichever base he locks in, so a smaller base means smaller raises forever. Between the ages of 62 and 67, he also faces the earnings test if he takes a part-time job. Social Security withholds $1 for every $2 earned above the annual limit before full retirement age. It is not a permanent loss, as withheld amounts are recouped later, but it complicates any bridge-work plan. Today's rate environment is unusually helpful for that ballast. The 10-year Treasury yields almost 4.5%, and shorter maturities sit in a similar range: roughly 4% on 6-month and 1-year bills, and about 4.2% on 5-year notes.
Gold Rebounds From Two-Week Low as Markets Await US Inflation Data
The developments increased concerns that higher energy prices could add to inflationary pressures, complicating the Federal Reserve's efforts to return inflation to its 2% target. ANZ analysts said the renewed tensions in the Middle East had reinforced expectations that higher energy prices could keep inflation elevated, increasing the likelihood of tighter monetary policy. The bank noted that markets are now pricing in a 43% probability of an interest rate increase at the Federal Reserve's 28-29 July policy meeting. Investors are now focused on the release of June's US Consumer Price Index report and Kevin Warsh's testimony before Congress, with both events expected to play a key role in shaping expectations for the Federal Reserve's next policy decisions.
Morning Bid: Oil boils
With Iranian missiles hitting ships in the Gulf again amid a third night of U.S. strikes, Hormuz traffic has slowed to a two-month low, according to shipping data. World crude oil prices are now well above $80 per barrel again after leaping more than 9% on Monday and extending those gains early on Tuesday, trading at levels last seen before the interim ceasefire deal was signed in mid-June. The renewed jump in crude prices somewhat reduces the impact of the headline U.S. CPI release today. It's expected to have fallen back from three-year highs above 4% owing to the recent energy price retreat, but the latest fighting makes that moot. Investors' focus will be on core inflation, which is still close to 3%. Fed Governor Chris Waller said on Monday that the Fed is not going to get this back to target simply by staring at it. It will have to act. Fed Chair Kevin Warsh will give his first testimony to Congress later on Tuesday. He's no fan of forward guidance, which may be wise at the moment, so markets are unlikely to get much of a steer. But futures still have a Fed hike priced by year-end and a significant chance of one as soon as this month. Stocks are under pressure from the new energy and interest-rate tensions, with chip stocks still taking a beating as the U.S. quarterly earnings season kicks off this week. The big banks are due to report today. South Korean chipmaker SK Hynix, which listed ADRs on Friday, tumbled sharply again on Monday, giving back all of its Friday gains.
The Case for Holding AVUV in Your Roth IRA
AVUV is up 30.7% over the past year, and every dollar of its 147% since-inception gain held in a Roth IRA withdraws completely tax-free. AVUV's non-qualified dividends and active turnover cost a 24% bracket investor $840 annually in a taxable account versus $0 inside a Roth. That $840 annual tax drag reinvested at AVUV's forward yield compounds to roughly $9,000 over 10 years, before counting a dollar of price appreciation. AVUV is an actively managed small-cap value fund with 775 positions and roughly $29.2 billion in net assets. AVUV pays quarterly distributions. The trailing 12-month payout is $1.5612 per share, and the annualized forward estimate is $1.7716 per share based on the $0.4429 dividend paid June 11, 2026.
The Art Of The Toll
June CPI expected to ease, but this may not signal a trend. Tariff refunds push U.S. June budget deficit to $120B. Futures at 6:30, Dow -0.2%. S&P -0.1%. Nasdaq +0.4%. Crude +3.8% to $81.08.
The Real Risk in Retirement Isn’t Running Out of Money. It’s Losing Your Purchasing Power.
The CPI-U rose from 308.417 in January 2024 to 335.123 in May 2026, while the 2026 Social Security COLA was 2.8%. Core PCE inflation reached 3.4% year over year in May 2026, another reminder that fixed income can lose ground even when the account balance does not move. At a 3.5% blended yield, $70,000 requires roughly $2,000,000 in capital. The portfolio leans on dividend-growth equities, broad-market funds, and an inflation-protected Treasury sleeve. Schwab U.S. TIPS ETF (NYSEARCA:SCHP) tracks an index of inflation-protected U.S. Treasury securities and carries a 0.03% expense ratio. The high-yield portfolio paid more dollars early. The dividend-growth portfolio had a better chance of preserving purchasing power. With the federal funds target range at 3.50% to 3.75% after the Fed held rates steady in June 2026, the spread between safer yields and aggressive yields is narrower than it was when cash yielded far less, which makes the growth differential harder to ignore. Stress-test each sleeve against a 3% inflation assumption. Project the income from your highest-yield holdings forward ten years at zero distribution growth, then deflate by CPI. The result is the conversation that should drive allocation.
Oil prices rise, IBM stock falls ahead of June CPI report
U.S. stock futures were mixed Tuesday morning as traders assessed climbing oil prices, a flood of bank earnings, and the imminent arrival of June inflation data. Oil prices extended their climb Tuesday, with U.S. crude topping $80 per barrel, up 3.4% on the day. With energy prices pushing higher, stagflation fears have returned to the fore, and futures markets now show roughly even odds that the Fed will raise rates within the next two weeks, according to The Wall Street Journal. Treasury yields were pressing higher Tuesday, with the 10-year U.S. Treasury yield at 4.618%.
Silver prices today, Tuesday, July 14, 2026: Prices fall to Dec. '25 levels as Iran conflict intensifies
Silver (SI=F) September futures opened at $57.95 per ounce on Tuesday, July 14, 2026, 0.1% higher than Monday's closing price. The price of silver was mostly stable this morning, shifting to $57.74 per ounce as of 8:09 a.m. ET. Silver opened at its lowest price this morning since December 9, 2025. Silver's year-over-year price gain of 48.2% (see below) is our lowest YOY gain on record. At the time of publication, Brent crude prices are up nearly 14% over the last five-day period, heightening inflation concerns and prolonging the time rates will remain at current levels or even rise. One year ago: +48.2% (our lowest YOY price gain on record) For context, silver's year-over-year growth was 173.3% on May 14. Silver reaches $100 per ounce 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.
Gold prices today, Tuesday, July 14, 2026: Iran crisis drives prices lower
The June Consumer Price Index will be released today at 8:30 a.m. ET. Economists surveyed by Bloomberg expect government data to show inflation fell 0.1% from May and rose 3.8% from a year ago, a moderation from May's bruising report as gas prices eased thanks to a now-disintegrating ceasefire in the war with Iran. If peace in the Middle East is unattainable, at least over the next several weeks, the July CPI report will reflect this latest ramp-up in oil prices.
Dollar dips ahead of US inflation data, supported by rate outlook
Economists polled by Reuters expect U.S. headline inflation to have been at 3.8% in June, while the core rate, which excludes food and energy inflation, is expected to have been at 2.8%.
Stocks mixed as oil rises after Trump's Hormuz levy threat
Markets enter Tuesday at an important inflection point as investors balance three competing forces: renewed geopolitical tensions in the Middle East, the start of the second-quarter earnings season, and June U.S. inflation data. "Markets enter Tuesday at an important inflection point as investors balance three competing forces: renewed geopolitical tensions in the Middle East, the start of the second-quarter earnings season, and June U.S. inflation data," said Bruno Schneller, managing partner at Zurich-based Erlen Capital Management. U.S. CPI data is due for release on Tuesday, followed by comments from Fed Chair Kevin Warsh, who will deliver the central bank's semi-annual monetary policy report to Congress. That data will help shape expectations for the Fed's next meeting on July 28 to 29. Markets currently see around a 40% chance of a 25 basis point rate hike. The rate-sensitive U.S. 2-year Treasury yield was last at 4.26%, its highest since February 2025, and up 2 basis points on the day. The yield on the U.S. 10-year Treasury was up 2 basis points at 4.61%.
Warsh's statement to Congress: Fed has 'no tolerance for persistently elevated inflation'
"If we get policy right—and we will—the inflation surge of the last five years will be a thing of the past," Warsh is set to say, adding that he and his central bank colleagues "have no tolerance for persistently elevated inflation.'
Bank earnings, Warsh heads to the Hill, Chipotle's Mexico push and more in Morning Squawk
The Bureau of Labor Statistics will release the consumer price index for June at 8:30 a.m. ET, which economists expect will show a 0.2% decrease for the month. That would bring its 12-month rate to 3.8%, a 0.4 percentage point drop from May. Federal Reserve Chairman Kevin Warsh will also begin two days of hearings on Capitol Hill today. The newly minted Fed chief will face the House finance committee at 10 a.m. this morning before heading to the Senate baking committee tomorrow.
US consumer inflation slows more than expected in June
The Consumer Price Index increased by a still-high 3.5% in the 12 months through June after surging 4.2% in May, which was the largest year-on-year rise since April 2023, data from the Labor Department's Bureau of Labor Statistics showed on Tuesday. Excluding the volatile food and energy components, the CPI increased 2.6% year-on-year in June after rising 2.9% in May. The U.S. central bank tracks the Personal Consumption Expenditures Price Indexes for its 2% inflation target. Inflation was last below 2% in early 2021. Prior to the inflation data, financial markets were pricing in a roughly 51.9% chance of the Fed raising borrowing costs at its September 15-16 policy meeting, according to CME's FedWatch tool.
U.S. CPI inflation fell to 3.5% in June 2026 on gasoline drop
The Consumer Price Index fell 0.4% in June on a seasonally adjusted basis, the Bureau of Labor Statistics reported Tuesday, pushing the annual inflation rate to 3.5%, down from 4.2% in May. The energy index was the primary driver of the decline, shedding 5.7% over the month — its steepest one-month retreat since April 2020. Gasoline prices fell 9.7% in June, while fuel oil dropped more than 9%. Despite the monthly pullback, the energy index still stood 15.7% above year-ago levels, and gasoline prices remained 26.7% higher than a year earlier. Inflation excluding food and energy was unchanged on a monthly basis, holding the 12-month core rate at 2.6%, compared with 2.9% in May. Shelter costs rose just 0.1%, the smallest monthly gain for that index since January 2021. Motor vehicle insurance fell 2.0%, communication prices dropped 1.5%, and apparel declined 0.6%. The monthly dip at the pump was partly attributable to a lull in the Iran war, the conflict that has done the most to push energy costs higher over the past four and a half months, according to the Wall Street Journal. But the ceasefire has since collapsed, and the benchmark U.S. oil price rose 12% in July through Monday, according to the Journal, raising the prospect that energy costs could rebound in coming months. Federal Reserve officials are watching the data as they weigh whether to raise interest rates. Fed Governor Christopher Waller said Monday that he would require a sustained string of encouraging data points before concluding that inflation is on a durable path back to the Fed's 2% goal.
S&P 500 rises after June CPI; IBM stock falls 22% on profit warning
June's consumer price index dropped 0.4% from the prior month, holding the year-over-year rate at 3.5% — below the 0.2% monthly decline and 3.8% annual rate that Dow Jones-surveyed economists had anticipated. After the report, CME $CME FedWatch data showed the probability of a Fed rate hike at the July meeting retreating to roughly 16%-17%, down sharply from 42% the day before, though a September increase remained the base case for many traders at around 63%. Federal Reserve Chair Kevin Warsh is scheduled to testify before Congress Tuesday, where he plans to pledge to bring inflation under control, according to The Wall Street Journal. Oil built on Monday's surge, pushing U.S. crude past $80 a barrel while Brent futures climbed roughly 3% to clear $86.
Index of driver pay, product of two companies, is surging
The joint index jointly calculated by AscendTMS and Superior Trucking Payroll Services has been calculated since 2020, but had not been widely publicized previously, according to Tim Higham, CEO of AscendTMS. The index was set with a January 2020 baseline of 100. The post-pandemic surge in freight markets and the concurrent increase in driver pay put the index at 141.9 in January 2023. It sunk to a post-pandemic low of 115.9 in January 2024 before starting to move higher. In September 2024, it hit a recent cyclical low of 132.18. It began moving higher the next month, jumping to 144.18 from 130.42 between December and January of 2024. The joint AscendTMS/Superior index was 150.83 in April. In June–with the calculation coming right after the month's end, as it always does–it was up to 170.04, a 13.5% increase in two months.
Gold Up 2% After Softer U.S. Inflation Data
Gold prices climbed as a cooler-than-expected U.S. inflation reading weighed on the dollar and boosted hopes for a less hawkish Federal Reserve.
Bitcoin jumps on lowest US CPI since 2020 as traders stay wary of $64K failure
At 3.5% versus the anticipated 3.8%, CPI posted its largest monthly decline since April 2020, per data from US Bureau of Labor Statistics (BLS). The latest data from CME Group’s FedWatch Tool nonetheless maintained consensus for a 0.25% hike at the Fed’s September meeting. “This print should help temper what had become an excessively hawkish market tilt to the monetary policy outlook,” economist Mohamed El-Erian wrote in a response on X.
Stock Market Today: Nasdaq Leads After Inflation Results; Fed Chair Warsh Highlights AI Movement (Live Coverage)
The Dow Jones index wavers Tuesday after a surprise June CPI inflation report.
Fed Chair Kevin Warsh Just Got Great News
The Consumer Price Index (CPI), which tracks the prices on a basket of consumer goods and services, fell a seasonally-adjusted 0.4% in June, the largest decline seen in six years. The headline year-over-year CPI clocked in at 3.5%, down from 4.2% in May. Furthermore, core inflation, which strips out more volatile food and energy prices, was flat in June and up 2.6% year over year. Economists had projected increases of 0.2% and 2.9%. Following the inflation data, the likelihood of the Fed holding rates steady at its meeting later this month surged from roughly 58% yesterday to 88%, as of this writing. While the market is still pricing in a rate hike at the Fed's September meeting, the odds of the rate-setting Federal Open Market Committee (FOMC) leaving rates unchanged in September jumped from about 25% yesterday to over 40%, as of this writing.
Dollar slides as rate hike prospects ease, oil gains moderate
The dollar slid Tuesday after a drop in US inflation dented expectations of an interest rate hike later this month. Oil prices had jumped sharply on fresh Iran-US strikes, with two ships struck overnight near the Strait of Hormuz. But those gains faded during the day, with US President Donald Trump reversing course on plans to impose a 20-percent levy on ships transiting the key waterway. The spike in oil prices over recent days had renewed concerns about renewed inflation and the need for the US Federal Reserve to hike interest rates. But the latest data showed US consumer inflation dipped in June thanks to a drop in energy prices, which sent the dollar lower as traders saw less likelihood of a hike by the Fed later this month. The Labor Department said that the CPI rose by 3.5 percent on a year-on-year basis in June, down from a 4.2 percent increase in May. "This was the largest moderation in US price growth for six years and it drastically reduces the chance of a rate cut at this month's (Federal Reserve's monetary policy committee) meeting," said Kathleen Brooks, research director at XTB trading platform. The drop in the core rate (excluding food and energy) of price growth to 2.6 percent from 2.9 percent in May "is adding to market confidence that price pressures in the world's largest economy could be temporary", she added. Earlier Tuesday, the market saw a roughly 40 percent probability of a US interest rate hike this month, but that fell to 13 percent after the CPI data was published.
June CPI report tests Fed rate cut outlook as Kevin Warsh testifies
That's exactly what I would call it. A little bit of breathing room. I was looking at Fed rate hike odds and they didn't move quite as much as I would have thought they would given the fact um that Wall Street expectations were for a much hotter report. I mean, what what was it? Core inflation that came out uh break even here, 0%, which was a nice surprise. Uh but nevertheless, a tiny bit of a reprieve. We saw long-term yields like the 30-year, which was well above 5%, kind of declined towards 5%. So that was a nice thing to see. Right now based upon that FedWatch tool from the CME Group, what we are seeing is a rate hike in the month of September. And that's right now the only rate hike that the market is pricing in. I mean that seems to be that seems to be a a, you know, an increasing number of people on the street perhaps are saying that we're not going to see a move.
New survey shows central banks are starting to ditch the dollar and buy more gold instead — should you do the same?
Even with some recent volatility, the metal remains near historic highs — up over 20% year over year and up 112% over the past 5 years (2). Gold has been getting attention from central banks Central banks aren't the only ones watching gold. Supporters of gold often point to its long history as a store of value, especially during periods of rising inflation or weakening currency confidence. It's an option that holds appeal for investors looking beyond traditional stocks and bonds, especially during periods when markets appear expensive or volatile — exactly the scenario Goldman Sachs CEO David Solomon described at the Global Financial Leaders' Investment Summit in November 2025: "It's likely there'll be a 10 to 20% drawdown in equity markets sometime in the next 12 to 24 months," he said. One standout example: post-war and contemporary art, which outpaced the S&P 500 by 15% from 1995 to 2025 while showing near-zero correlation to traditional equities.
JPMorgan's Dimon says regulators should not set 'false' capital requirements
JPMorgan has previously said that it would face a roughly 4% capital increase under the new drafts, whereas competitors would face an average of a 4.8% capital reduction. The agencies are working to finalize numerous capital proposals, including the Basel rules on risk weights and the GSIB surcharge, which is an added capital layer imposed on the nation's largest and most critical banks. Fed Vice Chair for Supervision Michelle Bowman has said she hopes to wrap up the rule-writing effort by the end of this year.
A $1.4 Million Portfolio That Delivers Reliable Income Through Bull and Bear Markets
The seasonally adjusted CPI-U reached 333.979 in May 2026, while the unadjusted CPI-U was up 4.2% over the prior 12 months. A $1.4 million portfolio yielding 4% today starts at $56,000 of annual income. If distributions grow 7% annually, that income passes a flat 10% yield portfolio’s $140,000 annual payout in about 14 years.
Stock Market Today, July 14: IBM Slides After Profit Warning Weighs on Dow
U.S. inflation eased more than expected in June, dropping to 3.5% annually. The Consumer Price Index (CPI) fell by 0.4% month-over-month, primarily driven by a 9.7% drop in gasoline prices.
Mortgage & refinance rates today, Tuesday, July 14, 2026: Rates mixed this morning
According to the Zillow lender marketplace, the average 30-year fixed rate is 6.42%, down 2 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.
Why Citigroup (C) Stock Is Trading Lower Today
Despite posting robust second-quarter profit and revenue, Citigroup refused to raise its full-year return targets, implying a significantly weaker second half of the year as the bank ramps up investment spending. Because Citi already achieved a 13.1% return in the first half of the year, keeping the full-year target mathematically implies that second-half returns will drop to the 6.9% to 8.9% range. The underlying quarter itself showed clear momentum as revenue grew 14% year-over-year to $24.77 billion and EPS of $3.15 easily cleared the $2.74 consensus, driven by double-digit revenue growth across the bank's services, markets, and investment banking segments. January's Producer Price Index (PPI), a measure of wholesale inflation, rose 0.5% against expectations of 0.3%, with the core component jumping 0.8%.
Asia Stocks Gain on Softer U.S. Inflation, Oil Rises as U.S. Restarts Blockade
Asian stocks gained Wednesday as markets dialed back U.S. rate-hike expectations following an unexpectedly upbeat inflation print.
Dow, S&P 500, Nasdaq Futures Edge Higher On Cooling Inflation Signs, Strong Big Bank Earnings: IBM, APLD, SKYH, NBIS in Focus
The Consumer Price Index (CPI) climbed 3.5% year-on-year, below market expectations. Core inflation came in at 2.6%, with prices declining 0.4% from the previous month, the largest monthly drop since May 2020. Lower energy costs drove the decline in headline inflation, with the energy index falling 5.7% in June. The softer inflation figures lowered expectations for a rate hike from the Federal Reserve. According to the CME's FedWatch tool, the probability of a rate hike at the July meeting fell to 15.5%, down from 41.7% a day earlier. Yields on the 10-year Treasury rose to 4.592% at the time of writing, while spot gold prices fell to around $4,031.65 per ounce.
Bitcoin tops $64,000 as cooling U.S. inflation guts the Fed rate-hike trade
June headline inflation fell to 3.5% from 4.2%, and core inflation, which strips out food and energy, eased to 2.6% from 2.9%. Cooling in the core measure means the relief is not just cheaper energy, and it takes the strongest argument for another hike off the table. Implied odds of a rate increase collapsed from 43% to 13% after the release, and the two-year Treasury yield dropped six basis points.
FTSE 100 Live: London shares set to open in red, while US and Asian tech rally
The boost to the market from the US CPI inflation is not likely to last long, reckons market analyst Ipek Ozkardeskaya at Swissquote. A softening in the annual rate of CPI and a month-on-month fell tamed hawkish Federal Reserve expectations, leading to a sharp pullback at the short end of the US Treasury yield curve. The US two-year yield, which best captures Fed rate expectations, fell 10 basis points yesterday, with Fed funds futures now pricing out a July hike and sending the probability of a September rate hike down to 60% from 77% before the CPI release. US crude is consolidating its rebound near $80 per barrel, Brent is trading near $85pb.
Bitcoin
Bitcoin’s great rotation: Long-term holders pass supply to a new generation of buyers
The RHODL Ratio compares wealth held by long-term holders with that of newer investors. It recently reached 6.5, its second-highest reading on record. Bitcoin has consolidated between $60,000 and $80,000 for five months as the RHODL Ratio compresses without a major sell-off. CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Bitcoin steadies at $62,600 as South Koreans flee stocks rout for crypto
Bitcoin consolidated after Monday's selloff as Donald Trump threatened more Iran strikes, gold extended its slide and a KOSPI index meltdown sent South Korean crypto volumes soaring. - Bitcoin is consolidating at $62,600 after Monday's slide from $64,400 to $61,800, with $283 million in 24-hour liquidations skewed 74-26 toward longs and the Binance heatmap flagging $61,300 as the key level to watch on any further downside. Options markets continue to moderate their bullishness, with the put/call ratio softening from 64/36 to 58/42 and the one-week delta skew compressing to 15% from 26% a week ago, while DVOL at 37.43 sits near multi-year lows pointing to a low-stress environment. South Korea's KOSPI has now lost 10% since Friday, prompting Upbit trading volume to surge 1,426% as Korean investors rotate back into crypto, potentially reversing the machine chip trade that saw them exit digital assets at the end of last year. Bitcoin Ether (ETH) tracked the larger cryptocurrency, trading in a relatively tight $1,770-$1,790 range. Trading volume across ETH pairs increased by 2.2% to $8.95 billion over the past 24 hours, suggesting a healthy balance of buyers and sellers rather than opposed to apathy. Derivatives positioning - Bitcoin derivatives positioning remains broadly unchanged. Open interest (OI) held at $17.1 billion; the three-month annualized basis stayed at 3.8%; and annualized funding rates ran between 0%–8% across multiple venues — with Bybit's earlier negative outlier now brought into line. - No meaningful leverage was added in either direction, and no stress signals emerged in the funding structure. - Options positioning remains call-biased, but continues to moderate. The 24-hour call/put ratio sits at 58/42, softer than yesterday's 64/36, and the one-week delta skew has compressed further to ~15% from 26% a week ago. - Coinglass data shows $283 million in 24-hour liquidations, with a 74-26 split between longs and shorts. BTC ($66 million) and ETH ($50 million) were the leaders in terms of notional liquidations. - The Binance liquidation heatmap indicates $61,300 as a core liquidation level to monitor in the event of a price drop. Token talk - Ethena (ENA) mirrored LIT's surge on Tuesday, rising by 5.7% to lead the altcoin market. Unlike LIT, however, ENA is in a deep downtrend dating back to September, since when it has lost more than 90% of its value. CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
AI has not triggered DeFi ‘hackpocalypse,’ Dragonfly partner says
$1.32 billion in the first half of 2026, but blockchain security company CertiK argued that the Web3 industry’s lower headline losses do not necessarily mean the industry is safer. The data underscores the continued threat that North Korean hackers pose to the crypto industry, having stolen more than $6 billion worth of crypto since 2017, TRM Labs estimated in April.
Bitcoin's BIP-110 sparked a fight over who gets to decide the future of Bitcoin
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B. CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
U.S.-Iran escalation weighs on bitcoin, stocks as oil climbs
June CPI is the next test, and it's due later today. Headline inflation is expected to have slowed to 3.8% from 4.2% from a year ago, while core inflation is forecast to hold at 2.9%.
Japan’s biggest card network taps Circle to bring stablecoins to 40 million merchants
Bitcoin and ethereum prices today, Tuesday, July 14, 2026:
$62,259.16 today, Tuesday, July 14, 2026, down 2.3% from yesterday's opening price. The all-time high for bitcoin was $128,198.07 on Oct. 6, 2025. The all-time low value for bitcoin was $0.04865 on July 14, 2010. $1,774.10, down 1.8% from yesterday's open. The price of ethereum adjusted to $1,785.68 by 8:21 a.m. ET. The all-time high for ethereum was $4,953.73 on Aug. 24, 2025. The all-time low value for ethereum was $0.4209 on Oct. 21, 2015.
Trump says everyone in America is ‘profiting’ from his presidency — claims your 401(k) is up 85%. How to get your share
He reported more than $1.4 billion (2) in income from his family's cryptocurrency ventures in 2025. His expanding portfolios of stocks and bonds were valued at between $703 million and $2.6 billion at the end of 2025, up from between $225 million and $608 million one year earlier. According to Fidelity (3), the average 401(k) balance rose 11% from Q1 2025 to Q1 2026, reaching $141,000. Vanguard reported (4) a similar trend, stating that "strong market performance in 2025 led directly to substantial increases in retirement accounts." Its average 401(k) balance rose 13% in 2025 to an all-time high of $167,970. Federal Reserve data (5) shows that the wealthiest 10% of Americans hold more than 87% of corporate equities and mutual fund shares.
Prediction: This Cryptocurrency Could Overtake Bitcoin and Ethereum Combined in Total Value
Currently, Solana has a market cap of $45 billion, while Ethereum has a market cap of $217 billion, and Bitcoin has a market cap of $1.28 trillion. Solana will need to offer something that Bitcoin and Ethereum don't, and that's harder than it sounds. With that in mind, Solana has been exploring real-world applications of decentralized finance (DeFi) tailored for large financial institutions. It's moving into stablecoins and real-world asset (RWA) tokenization, which are two of the fastest-growing areas of the DeFi world. Solana's blockchain partners have also announced a push into prediction markets and perpetual futures trading. Both have been red-hot in 2026 and could be the type of "killer app" that Solana needs to scale to $1.5 trillion.
Strategy became a symbol of the dot-com crash: Could history repeat?
Days later, Strategy disclosed the sale of 3,588 Bitcoin, its largest disposal since adopting BTC as its primary treasury reserve asset in 2020. Strategy's valuation ballooned. Suddenly, Saylor's controversial decision looked more like a stroke of genius and the company quickly became a leveraged proxy for Bitcoin on Wall Street. Dozens of listed firms adopted variations of its treasury strategy, and today, Strategy’s Bitcoin stack is worth more than $54 billion. But with BTC languishing far from its all-time high above $126,000 in October 2025, the company’s Bitcoin play has been repeatedly called into question. Strategy now runs a “large and growing balance of convertible debt and perpetual preferred stock,” he said, pointing to the $6.7 billion in convertible notes and $15.5 billion in preferred stock outstanding as of late May 2026, used specifically to buy more Bitcoin. The software business is now a rounding error next to the balance sheet, he said. Once you're structurally reliant on issuance and issuance becomes value-destructive, the company has to either sell Bitcoin, take on more expensive financing or simply stop growing, Trainer said.
Crypto buyers may be emerging from their winter hibernation
Crypto ETFs attracted $281.8 million in inflows last week, marking the first weekly inflow since the second week of May, according to Deutsche Bank. Bitcoin funds posted $197.4 million in inflows, while ethereum funds attracted $84.4 million. The positive inflows snapped an eight-week streak of outflows that totaled more than $7 billion.
CleanSpark Signs Data Centre Lease Worth $6.6 Billion
CleanSpark (NASDAQ: $CLSK) has signed a data centre lease worth $6.6 billion U.S. over 20 years. The Bitcoin (CRYPTO: $BTC) miner turned artificial intelligence (A.I.) data centre operator said the lease includes two five-year extension options that would lift the value to $11.6 billion U.S. The tenant will deploy 175 megawatts (MW) of power, with deliveries expected to begin in the fourth quarter of 2027, according to CleanSpark. "While the tenant remains confidential, they are a global technology company among the high-investment-grade cohort," CleanSpark wrote in a news release.
Paxos Labs Moves Nearly $30M Through Robinhood Chain
Paxos Labs moved nearly $30 million between major stablecoins on Robinhood Chain (NASDAQ: $HOOD) in less than two weeks, giving the new network an early test of stablecoin infrastructure beyond trading activity. The volume flowed through Amplify Transit, a conversion layer that went live July 1 and had processed almost $30 million by July 13.
Bitcoin Has Fallen 50% From Its Peak. History Points to What Comes Next.
The October 2025 peak fits the established halving pattern. The reward issued for mining Bitcoin is halved roughly every four years to limit inflation in the blockchain accounting system. Bitcoin tends to rally 12-18 months after each halving event, then fall back in a painful "crypto winter." The April 2024 halving preceded this peak almost exactly on schedule. If previous cycles offer any guidance, the bottoming process could extend into late 2026 or early 2027. The next halving arrives in April 2028, which historically sets the stage for another cycle. About 6% of all Bitcoin is currently held by exchange-traded funds (ETFs). The ETFs play a leading role in this transformation, followed by a stabilizing legal rulebook. Even old-school finance giants like Morgan Stanley and Bank of America suggest up to 4% Bitcoin exposure to their wealth management clients. The next halving is scheduled for early 2028. If the historical pattern holds, that event could catalyze the next major bull cycle. Assuming that nothing else changes, this 50% drop would go down as a significantly lighter strike than any of the earlier crypto winter retreats.
U.S., UK move to align rules for tokenized finance across world's largest financial markets
The joint roadmap aims to reduce regulatory friction for tokenized assets while strengthening ties between the world's two largest financial centers. Regulators will explore common rules for tokenized securities, cross-border stablecoin activity and industry-led tokenization pilots. On the digital asset side, governments propose creating an industry-led working group to test cross-border tokenization projects, coordinate the regulation of tokenized securities, and support the development of cross-border stablecoins. They also want to review global banking standards for cryptoassets and build policy frameworks that allow stablecoins, tokenized bank deposits and other forms of digital money to coexist. The two governments also issued a joint statement backing cross-border stablecoin activity, stating that the private sector will play a central role in developing digital money and payment systems. CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Mizuho downgrades Circle to underperform, cuts price target to $50 on Open USD threat
Mizuho downgraded Circle to underperform from neutral and cut its price target to $50 from $85, citing mounting competitive pressure from OpenUSD. The bank said OpenUSD's pass-through model could force Circle to share more reserve income with distribution partners, compressing margins. Japanese investment bank Mizuho downgraded Circle (CRCL) to underperform from neutral and slashed its price target to $50 from $85, arguing that OpenUSD's business model threatens the stablecoin issuer's long-term economics. USDC has also lost momentum in recent months, with its circulating supply falling to about $73 billion from nearly $80 billion in March. CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B. CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Banks Unveil Blockchain Network as Stablecoin Payments Reach $33 Trillion
Stablecoin transaction volumes increased 72% last year to approximately $33 trillion, according to Artemis Analytics, while Bloomberg Intelligence projects that payment flows could exceed $50 trillion by 2030. The strongest demand is expected to come from wholesale payments, treasury operations, and liquidity management, while the network could also provide digital cash for settling tokenized securities. PayPal Holdings (NASDAQ:PYPL), a digital payments company, has also achieved limited adoption with its PYUSD stablecoin, which has approximately $2.9 billion in circulation compared with roughly $184 billion for Tether's USDT and $73 billion for Circle's USDC.
Bitmine generated $46M from Ethereum staking last quarter
Bitmine Immersion Technologies recorded $45.7 million in revenue from Ether staking and validation last quarter, following the launch of its institutional-grade Ethereum staking platform in March. Staking revenue accounted for 98% of total revenue for the three months ended May 31, far outpacing the $624,000 from self-mining Bitcoin (BTC) and the $168,000 from consulting services, according to Bitmine’s latest 10-Q filing.
Strategy (MSTR) Launches Bitcoin Banking Index As It Builds A $3 Billion Reserve
Strategy Inc. (NasdaqGS:MSTR) has introduced a Bitcoin Banking Adoption Index, aimed at tracking how traditional financial institutions are engaging with Bitcoin. The company kept its Bitcoin holdings steady at 843,775 BTC while lifting its U.S. dollar reserve to about US$3b through US$466.7m of stock sales. That reduces immediate pressure to fund preferred dividends and interest purely through Bitcoin disposals, which had already unsettled some holders after the US$216m sale earlier in the year. At the same time, issuing 4.8m new shares adds dilution on top of an already weak share-price performance, and some investors are questioning how often equity holders might be tapped if Bitcoin stays below Strategy's average purchase price of US$75,476.
Ark Invest adds $14 million in Circle shares while selling Robinhood
The investment firm actively adjusts its ETF holdings so that no single stock exceeds 10% of a fund's portfolio. This means Ark would rebalance weightings when the value of certain assets fluctuates significantly. Ark bought a total of 220,012 shares of Circle across three of its exchange-traded funds — ARKK, ARKW, and ARKF. At Tuesday's closing price of $63.22, Ark Invest added roughly $13.9 million worth of the stock. Through ARKW and ARKF, the investment firm also added 19,029 shares of Block Inc., a blockchain-focused fintech co-founded by Jack Dorsey, worth $1.52 million.
Cathie Wood of Ark Invest Thinks Bitcoin Has Finally Bottomed Out. If History Is Any Guide, This Is What Happens Next.
Every four years, the reward to Bitcoin miners is cut in half, tightening the trickle of new supply forever after. The next halving is scheduled for early 2028, and it's predictable to within a couple of months. Because it's a predictable factor, since 2012 every halving has been preceded by the end of a bear market approximately a year before the halving, followed by a bull run peaking 12 to 18 months after the halving, before returning to a bear market lasting up to a year. April 2024's halving produced October 2025's peak, which set a new all-time high; if Bitcoin follows its textbook behavior, its bottom will occur this fall. That's what's driving Wood's prediction, and it's well-supported by the coin's historical data. Strategy, formerly known as MicroStrategy, alone added 171,238 Bitcoin through May 2026, nearly three times what miners produced. Spot Bitcoin exchange-traded funds (ETFs) pull the same lever at scale, absorbing coins to back each new share. This price-insensitive demand cushions drawdowns and compresses the upside. But the precedent for doing that with this much of the supply in institutional hands isn't strong enough to provide prior data, so it could play out very differently this time around.
Will BlackRock’s (BLK) New Nasdaq 100 ETF and Tokenization Push Redefine Its Core Narrative?
BlackRock Investment Narrative Recap To own BlackRock, you need to believe its scale, brand, and product breadth can offset fee pressure and higher technology and integration costs. The new iShares Nasdaq 100 ETF (IQQ) supports BlackRock's core ETF growth story but, on its own, does not materially change the near term catalyst of asset gathering or the key risk of continued fee compression across passive products. Among recent developments, BlackRock's BUIDL tokenization fund crossing US$2.87 billion in assets is most relevant, because it reinforces the same technology and digital infrastructure theme that underpins IQQ and other index products. Together, these moves highlight how BlackRock is trying to deepen its role in both traditional index exposure and tokenized real world assets, even as higher technology spend and operational complexity remain an important watchpoint for margins. BlackRock's narrative projects $35.0 billion revenue and $9.5 billion earnings by 2029. This requires 10.9% yearly revenue growth and about a $3.2 billion earnings increase from $6.3 billion today.
Visa, Mastercard and Ripple back x402 as agent payments average 32 cents
$24 million last month across 75 million payments. The protocol handled about 75 million transactions over the past 30 days, or roughly 29 every second, moving about $24 million between some 94,000 buyers and 22,000 sellers. CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Live markets: Bitcoin, ether ETFs draw inflows as majors rise as much as 5%
U.S. spot bitcoin ETFs took in about $181 million on Tuesday, a day after shedding roughly $425 million, per SoSoValue data. Total bitcoin ETF assets climbed back to roughly $78 billion from about $75 billion, and ether ETF assets crossed $10 billion. July's flows have been choppy rather than directional. Bitcoin ETFs have swung between inflows and outflows nearly every other session this month, with July 13's $425 million redemption the largest of the run and Tuesday's rebound the second largest inflow.
Cathie Wood’s ARK buys another 220K Circle shares despite sell-off
As of Wednesday, Circle accounted for 4.37% of the ARK Fintech Innovation ETF (ARKF), making it the fund’s seventh-largest holding. USDC's market capitalization has declined roughly 3% year-to-date to $73 billion at the time of publication, according to CoinGecko.
Federal Reserve Signals Good News for Crypto: 2 Coins Worth Buying Now
Historically, Bitcoin's price action tends to track how many dollars are moving through the global financial system. Tight policy pushes speculative capital out toward safer pastures, but when central banks ease, it flows back in, often in spades. Given that these tendencies are widely known, it often only takes a shift in expectations about future liquidity to produce changes in the market. Bitcoin has been grinding down from its record highs set in October 2025, and in June, U.S. spot Bitcoin exchange-traded funds (ETFs) saw capital outflows of $4.5 billion, the most ever. Those ETFs hold about 1.45 million bitcoins in total, and their marginal flow is a big factor in the coin's price. If Warsh talks down the rate-hike risk, that marginal bid is likely to return -- and it might even stick around, assuming the Fed does what it signals it will do. Its quarterly buybacks were $148.6 million in Q2 2026 and $165.3 million in the quarter before that. During the past 30 days alone, there was $247.9 billion in perpetuals trading volume on the network, so it definitely gets enough traffic for nuances in the Fed's disposition to have a limited impact on the main metrics that drive its value. At the current interest rates, that means it will be bringing in more than $135 million annually, which will also be directed toward HYPE buybacks.
Semiconductor
Micron and Nvidia are powering a $700 billion chip profit boom: Chart of the Day
Micron offers the most dramatic example. The memory maker, whose stock fell more than 4% over the past month, is projected to earn $83 billion in fiscal 2026 and $176 billion in fiscal 2027, according to Bloomberg consensus estimates, after earning about $9 billion in fiscal 2025. Nvidia supplies the scale. It is projected to earn roughly $316 billion in calendar year 2027, while Micron's calendarized estimate approaches $189 billion. Together, the two companies account for about 72% of the projected profit pool. Add Broadcom (AVGO), and the share rises to roughly 85%. The rest of the group is expected to more than double combined profit from about $46 billion in 2025 to roughly $105 billion in 2027. JPMorgan expects that constraint to persist, writing in a recent client note that "meaningful supply additions are not coming before the start of 2028."
Got $1,000? 2 Magnificent Artificial Intelligence (AI) Stocks Down Over 15% to Buy Hand Over Fist
Micron's fiscal year (FY) 2026 wraps up in August, so it's useful to look at FY 2027 projections. Next year, Wall Street analysts expect 81% revenue growth and earnings per share of nearly $150, up from the $73.32 they forecast for FY 2026.
Taiwan Semiconductor: Q2 Earnings Could Be Another Step Toward $500
TSMC (TSM) remains a top beneficiary of AI infrastructure demand, with Q2 revenues of $39.6B near the high end of guidance. TSM's growth thesis is anchored in AI demand and the upcoming 2nm node, supporting annualized sales growth of 30% through 2028.
Korean Chip Stocks Are Trading Like The AI Bubble Has Burst. Is Micron Next?
MU fell 5% Monday but remains up ~243% year-to-date, with 40 analyst buy ratings and a consensus price target near $1,486. AMD and Lam Research each fell over 4% as SK Hynix's HBM pricing cut dragged the entire memory and chip equipment complex lower. Micron CEO Mehrotra sold shares across 40 transactions near $1,128 to $1,192, while prediction markets split 50/50 between $840 and $1,320. The trigger was almost mundane: a South Korean brokerage trimmed its second-quarter profit estimate for SK Hynix, citing reliance on fixed-price high-bandwidth memory contracts and slower-than-expected HBM4 shipments.
Price Prediction: Up 230% YTD, Dell Will Hit $500 on This Date
DELL surged 242% YTD on a $43 billion AI server backlog, with FY27 EPS guidance up 74%, making a $500 share price achievable within 12 months. At 23x forward earnings against 74% EPS and 47% revenue growth guidance, DELL is not expensive, and the $500 target implies no multiple expansion. Q1 FY27 gross margin came in at 17.8%, down 3.3 points year over year, as AI server mix expanded. The sell side is anchored to backward-looking multiples on a business that just guided FY27 non-GAAP EPS to $17.90 at the midpoint, up 74%.
Could This "Magnificent Seven" Stock End Up Being Nvidia's Biggest Rival?
According to the company's website, the chip "delivers better cost-per-token at production scale for AI workloads that demand the highest performance -- because every layer of the system was designed to minimize waste."
AI’s Biggest Winners Are Creating Its Biggest Losers. Here’s What It Means for Investors
TSMC posted record Q2 revenue from AI chip demand while IBM's Infrastructure segment fell 7% as enterprise budgets concentrated almost entirely on AI. The same trend is evident throughout the semiconductor ecosystem. Micron Technology (NASDAQ:MU) recently reported record profits as demand for high-bandwidth memory (HBM) continues to outstrip supply, while equipment makers supplying chip fabrication plants have enjoyed years of expanding order books. That should surprise no one. TSM manufactures the advanced processors used by Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), Apple (NASDAQ:AAPL), and many of the world's largest semiconductor companies. As hyperscalers continue spending hundreds of billions of dollars on AI infrastructure, TSM remains one of the biggest beneficiaries. Conversely, IBM (NYSE:IBM) offered a glimpse of what happens outside that circle. The company also just preannounced second-quarter results ahead of earnings, and while management continues highlighting growth in its AI business and the rollout of its new Z17 mainframe, another trend stood out. According to IBM's letter to shareholders, its Infrastructure segment posted a 7% year-over-year sales decline, while profits also moved lower. Companies have finite capital budgets. Servers packed with Nvidia GPUs, networking gear, storage arrays, and new data centers are consuming enormous portions of enterprise spending. That leaves fewer dollars available for upgrading legacy infrastructure, expanding traditional IT projects, or refreshing systems that aren't viewed as mission-critical for AI deployment. That resembles the economic lesson French economist Frederic Bastiat illustrated in his famous "broken window" parable. The spending everyone sees on replacing a broken window creates obvious winners -- the glazier, who replaces the window -- but the opportunities sacrificed elsewhere often remain invisible -- the baker, cobbler, the bookseller that the shopkeeper would have spent his money at. AI infrastructure is producing the same effect: It is creating enormous wealth for semiconductor companies, while quietly delaying investment across other industries.
Where Will Nvidia Stock Be in 2030?
TSMC points out that AI and high-performance computing (HPC) chips will account for 55% of this lucrative opportunity. That puts Nvidia's addressable opportunity in the AI data center chip market at an impressive $825 billion. It is worth noting that $162.3 billion of its fiscal 2026 data center revenue came from sales of compute chips, while the rest was from networking components. So, there is still a lot of room for Nvidia to boost its data center chip revenue over the next five years, especially considering that it is the dominant player in this market with an estimated 80% share. Nvidia sells networking hardware, such as Ethernet and InfiniBand switches, and also offers software platforms to help developers program and manage networks. What's worth noting is that demand for these networking switches is increasing rapidly due to AI and HPC. The InfiniBand market, for instance, is expected to clock 36% annual growth over the next five years, according to Mordor Intelligence. The data center switch market is projected to exceed $100 billion in revenue by 2030, according to Dell'Oro Group. Ethernet switches are expected to dominate this space. The pace at which Nvidia's networking revenue is growing suggests the company is capturing a larger share of this space, which could pave the way for significant growth in this business segment over the next five years. Assuming Nvidia's bottom line grows by even 15% a year in fiscal years 2030 and 2031, its earnings per share could reach $21.24 by the end of the decade (as its fiscal 2031 will end in January 2031).
Price Prediction: Nvidia vs AMD vs Broadcom, Which One Could 3x by 2027?
NVIDIA CEO Jensen Huang calls the AI factory buildout “the largest infrastructure expansion in human history.” Broadcom’s Hock Tan says “the momentum continues” with Q3 AI semi revenue set to grow over 200% year-over-year to $16 billion. NVIDIA: The Cleanest Setup, Still a Long Shot NVIDIA’s Q1 FY27 revenue hit $81.61B, up 85.2% YoY, with Data Center at $75.25B (+92%).
This chipmaker "remains a core AI winner and a close #2 behind NVDA": MS
Broadcom will generate roughly $120 billion in AI revenue in fiscal 2027, with TPU-related revenue around $80 billion, though it expects TPU's share of total AI revenue to decline to about 60% as newer ASIC customers ramp.
Hynix Isn't Selling Shares to Cash Out. It's Funding a $26.5 Billion Factory Bet.
Last year, the now-$1 trillion South Korean company turned $65 billion worth of revenue (up 47% year over year) into net income of nearly $29 billion. Precedence Research predicts the HBM market alone is poised to grow at an average annual rate of 25% through 2035, when it will be worth nearly $70 billion per year. Mordor Intelligence expects the overall DRAM business to grow by nearly 15% per year through 2031, when it will annually be worth almost $250 billion.
Buying TSMC Stock Before July 16 Just Became a No-Brainer Due to This Massive News
TSMC's June revenue jumped by an impressive 68% year over year. This solid growth has helped TSMC exceed the high end of its Q2 revenue guidance of $40.2 billion, according to SemiAnalysis. That would translate into a year-over-year increase of almost 34%. TSMC started volume production of the N2 node in Q4 2025 and is looking to add capacity to support solid demand for this node. TSMC trades at 28 times forward earnings, only a slight premium to the tech-focused Nasdaq-100 index's forward earnings multiple of 25.6.
Tower Semiconductor shares jump as company announces Japan expansion to boost silicon photonics capacity
Tower Semiconductor (NASDAQ:TSEM) shares rose 13% on Tuesday after the company announced a strategic expansion of its silicon photonics, silicon germanium (SiGe), and advanced packaging capabilities in Japan with support from the Japanese government. The semiconductor foundry said the dual-track expansion plan is designed to significantly increase manufacturing capacity and support growing customer demand, particularly from artificial intelligence and data center applications requiring next-generation optical connectivity. As part of the first phase, Tower said it is updating its business model and is targeting revenue of $3.6 billion and net profit of $1.2 billion in 2028. The company expects the second phase of the project to become highly accretive beginning in 2029, supported by expanded customer engagements and technology developments through strategic partnerships.
Why Tower Semiconductor Stock Skyrocketed on Tuesday
The expansion is designed to support the rapidly growing long-term customer demand, substantially increasing the company's manufacturing capacity and extending its technology leadership. Management also raised its 2028 outlook, targeting revenue of $3.6 billion and net profit of $1.2 billion.
SK Hynix Soars 19% as Leveraged ETFs Launch, Lifting Micron, SanDisk, Western Digital
Shares of SK Hynix (NASDAQ:SKHY) are up 19% to $181.67 on Tuesday afternoon, as newly launched U.S. leveraged single-stock ETFs tied to the Korean memory giant pull in heavy volume and amplify moves in the stock. The move caps a volatile stretch. SK Hynix just completed a $28 billion Nasdaq ADR debut last week, billed as the largest ADR listing in U.S. history.
AVGO Dragged You Through a 30% Plunge for 16%. QQQ Just Went Up 18%
From December 31, 2025 through July 10, 2026, Broadcom (NASDAQ:AVGO) returned 15.99% on a year-to-date basis. Over that same window, the Invesco QQQ Trust (NASDAQ:QQQ), the ETF tracking the NASDAQ-100 index, returned 18.10%. The boring basket beat the hot ticker. The reason both charts point up is the same reason: the AI infrastructure buildout. Broadcom's Q2 fiscal 2026 revenue jumped 47.9% year over year to $22.187 billion, with AI semiconductor revenue alone hitting $10.80 billion, up 143% year over year. Management guided Q3 AI revenue to $16.0 billion, more than 200% YoY growth. CEO Hock Tan called it "record revenue, operating profit and free cash flow" driven by custom AI accelerators and networking silicon for hyperscalers. That check being written by the hyperscalers doesn't land only at one address. It lands across the entire NASDAQ-100 mega-cap tech complex: the chip designers, the foundry customers, the cloud platforms buying the gear, the software layer running on top of it. QQQ owns that theme as a basket of roughly 100 of the largest non-financial companies listed on Nasdaq.
Why Sandisk Stock Popped Today
Supply shortages in both DRAM and NAND memory chips for AI customers continue to force DRAM and NAND prices higher.
Major US Banks, ASML, and TSMC: EX DeFi Focuses on Earnings Season, AI Boom Faces Key Investment Test
With the official start of the US Q2 earnings season, market focus is once again on major banks such as JPMorgan Chase and Goldman Sachs, as well as leading companies in the artificial intelligence industry chain, such as ASML and TSMC. This round of earnings reports will not only reflect the US economy and corporate profitability but will also serve as a crucial indicator of the sustainability of the AI boom, while also influencing the overall risk appetite of global capital markets and digital financial asset markets. Artificial intelligence remains a key driver of the technology sector's rise. With the continued acceleration of global data center construction, Micron, ASML, and TSMC are expanding their investments, driving growth across the entire semiconductor industry chain. However, the valuations of these companies are relatively high, and whether their future performance can continue to meet market expectations will be a crucial factor in determining their stock price trends. As key players in the global AI chip supply chain, TSMC and ASML's financial reports not only affect their own performance but may also impact the market performance of technology companies like Nvidia, Apple, and Broadcom, further influencing global capital flows.
The Great Tech Rotation Just Triggered a Flawless Entry Point Into the World’s Ultimate Hardware Play
TSM controls ~70% of global foundry capacity and exclusively manufactures NVIDIA's Blackwell chips, with CEO C.C. Wei guiding 30%+ full-year revenue growth for 2026. The growth trajectory is doing the arguing for me. May 2026 consolidated net revenue landed at NT$416.98 billion, up 30.1% year over year, and cumulative revenue through the first five months of 2026 came in at NT$1.96 trillion, up 30.0%. CEO C.C. Wei has guided to more than 30% full-year revenue growth in 2026. Second, the moat is widening geographically. The TSMC Arizona fab is now eligible for a 35% U.S. investment tax credit, up from 25%, effective January 1, 2026.
Intel, ARM face near-term pain while AMD rides server boom: BofA
AMD: expect a beat and raise BofA expects AMD to beat expectations and raise guidance, driven by continued market share gains, strong cloud demand and solid visibility into supply. The firm thinks AMD's next quarterly outlook will include news of the first shipment of its MI455X "Helios" rack, setting up a bigger ramp by Q4 that could hit $6-7 billion a quarter or more. AMD's new Venice server chip is also launching around the same time. Management last pegged the server CPU market at $120 billion back in May, and BofA thinks that number could climb higher. The firm raised its price target on AMD to $620 from $550, pointing to the company's July 23 "Advancing AI" event as a potential catalyst. Intel: pricing should cushion the blow PC unit sales remain a drag for Intel, likely down 10-15% or more this year. But BofA expects better pricing on both PC and server chips, plus AI demand, to make up for it. Investors will likely be watching margins in Intel's Products segment, along with updates on its foundry business and next-gen 18A server chips. BofA currently sees Intel's server market share sliding to 24% by 2030, down from 41% last year.
NVIDIA vs SanDisk: Is Storage the Next AI Winner?
NVIDIA's Q1 FY2027 print was a Data Center story. Revenue hit $81.615 billion, up 85.23% YoY, with Data Center alone contributing $75.246 billion (+92% YoY). Networking was the sleeper hit at $14.8 billion (+199% YoY), driven by InfiniBand, Spectrum-X, and NVLink. SanDisk’s Q3 FY2026 was a different shock. Revenue of $5.95 billion came in 251% higher YoY, and EPS of $23.41 handily beat the $14.66 consensus. Gross margin swung from 22.5% to 78.4% in a year, largely on NAND pricing. Datacenter revenue rocketed 645% YoY to $1.47 billion. CEO David Goeckeler called it “a fundamental inflection point” for the company’s mix shift toward Datacenter. NVIDIA guided Q2 to $91 billion in revenue, which assumes zero China Data Center compute. I will watch whether hyperscaler backlog absorbs that gap cleanly. SanDisk’s Q4 guide of $7.75 to $8.25 billion in revenue and $30 to $33 EPS is aggressive; the question is how many more NBM contracts close before pricing normalizes.
Why the KORU 3X South Korea Bull ETF Is Surging as SK Hynix Rips on HBM4 News
The company’s US-listed NASDAQ ADR (SKHY) surged roughly 22% on the session, jumping from $152.35 to about $186.53 after the company confirmed it has begun mass production and shipment of 12-layer HBM4 to NVIDIA for the next-generation Vera Rubin AI platform.
Cadence Design Systems vs. Synopsys: Which Technology Stock Is a Better Buy in 2026?
In FY 2025, revenue reached nearly $5.3 billion, representing a growth rate of approximately 14.1% compared to the previous year. In FY 2025, revenue reached nearly $7.1 billion, which was a growth of approximately 15.1% over the prior year. As of its December 2025 balance sheet, the debt-to-equity ratio stood at approximately 0.5x. As of its October 2025 balance sheet, the debt-to-equity ratio was approximately 0.5x. Free cash flow for the year reached close to $1.3 billion. Note that stock-based compensation represented roughly 26.3% of operating cash flow, which inflates reported cash generation since this is a non-cash expense added back in the cash flow statement. Note that stock-based compensation represented roughly 58.8% of operating cash flow, meaning reported cash generation is heavily inflated by this non-cash add-back.
ASML hikes sales forecast for second time this year on strong AI chip demand
ASML on Wednesday raised its guidance for the second time this year as its customers continue to ramp up production capacity of AI chips. The Dutch semiconductor-equipment maker said it now expects full-year sales to come in between 43 billion euros ($49 billion) and 45 billion euros, and a gross margin of between 54 and 56%. Earlier this week, Taiwan Semiconductor Manufacturing Co (TSMC), one of ASML's largest customers, reported a 68% jump in June sales on the back of strong demand for its chips. ASML had already raised its guidance last quarter on continued demand for its highest-end EUV machines — the only tools in the world capable of the lithography needed to make the most advanced chips used for AI.
Intel turns to next-generation ASML tool to help make its laptop chips
Following experiments that began in 2024, Intel has begun to use ASML's next-generation high numerical aperture (High NA) extreme ultraviolet (EUV) machines, which print circuit patterns on to microchips, to help produce a portion of its Panther Lake processors, ASML said.
High NA EUV reaches new readiness milestone with first high-volume Logic product
Intel Foundry has entered high-volume manufacturing for a subset of Intel® Core™ Ultra Series 3 processors, code-named Panther Lake, using ASML's EXE High NA EUV technology. Specific Intel 18A layers are now dual-qualified on High NA EUV in Oregon, with product shipping to customers at yields matched to the NXE platform. ASML and Intel have worked closely for decades to advance lithography technology and support the continued scaling of semiconductors. The high numerical aperture extreme ultraviolet (High NA EUV) lithography process is an important next step in EUV lithography, developed by ASML to enable more precise patterning for advanced chip manufacturing. "With increased resolution and better process control, the introduction of High NA EUV marks a substantial development in semiconductor lithography," said Christophe Fouquet, ASML President and CEO. "We are proud to play a role in enabling the smaller, denser patterning that will accelerate advancements in AI and other emerging technologies." "This milestone reflects the close technical collaboration between Intel and ASML and shows how High NA EUV can be integrated into advanced semiconductor manufacturing at scale," said Naga Chandrasekaran, Executive Vice President and General Manager of Intel Foundry. "By qualifying the High NA EUV process option on select Intel 18A product layers, our existing fleet of tools are providing customers with increased output, while we develop future options to achieve leading-edge performance, density and manufacturing flexibility on upcoming nodes."
ASML Holding (NasdaqGS:ASML) Lifts 2026 Outlook As Intel Puts High NA EUV To Work
ASML Holding (NasdaqGS:ASML) reported strong Q2 2026 earnings and lifted its full year 2026 sales outlook. Intel has become the first chipmaker to put ASML's next generation High NA EUV lithography systems into production use.
AI / Robotics / EV
Dealership model getting stronger in US – OEM survey
88% of OEM executives expect buy/sell activity to hold steady or accelerate over the next 12 months, 35% expect more transactions and 53% expect activity to continue at today's elevated level. 82% of OEM executives expect dealership blue sky values to remain the same or increase in 2026; only 18% expect a decrease, a four-percentage-point improvement from 2025. 59% of OEM executives believe AI will increase dealership profits, 37% expect no change and just 4% anticipate a decrease. 45% of OEM executives expect to have fewer dealers in their network in five years, a 12-percentage-point increase from 33% in 2025. 31% of OEM executives project an increase in dealer facility requirements over the next five years, up six percentage points from 25% in 2025; 43% say their organization will require a new image facility of their dealers within five years. 86% of OEM executives expect dealers to either lead or share in managing customer relationship and data over the next five years. 58% of OEM executives expect OEMs to bear the majority of US tariff costs; 37% expect consumers to absorb most of the burden; just 5% expect dealers to be primary absorbers. 38% of respondents project a 30-60 days' supply of new vehicle inventory over the next 12 months, up 11 percentage points from 27% in 2025. 56% of OEM executives expect new vehicle gross margins to normalize back toward pre-pandemic levels, up eight percentage points from 48% in 2025. On average, OEM executives expect EVs to represent 21% of their sales within five years, more than double the ~8% EV market share in the US in 2025.
Tesla and Meta Are Worth Almost the Same. Which Stock Is the Better Buy?
Tesla launched Robotaxi, a ride-hailing service with self-driving vehicles, last year. Meta's constant-currency revenue growth accelerated to 29% in the first quarter, up from 19% in the first quarter of 2025.
OpenAI quietly adds Kalshi World Cup odds to ChatGPT: Report
Dune Analytics data showing Kalshi recorded more than $33 billion in monthly notional volume in June 2026, about $22 billion ahead of Polymarket.
The real AI race may no longer be at the frontier
A new repository is created every seven seconds on the platform, which hosts almost three million public models and one million public datasets, per Delangue. Half of all Fortune 500 firms are using Hugging Face to deploy their own private models and open source models, he says.
Superhuman’s new auto-draft feature almost makes me like AI replies
Superhuman has attempted this in the past with features like instant replies and follow-up auto-drafts. However, a lot of those emails sounded like an overly enthusiastic AI salesperson, and I didn’t use them much. The new version of the auto-draft feature feels different. In the last few days, after gaining access to the beta, I have sent emails with little to no editing for some generated drafts. Superhuman’s co-founder, Rahul Vohra, said during the testing phase, 40% of auto-generated drafts were sent within one day, and 60% of those were sent without any manual editing.
Meta Vs. Palantir: Meta Platforms’ Deep Value Moats Crush Palantir’s Hyper-Inflatated Multiple
Meta pulled in $56.31 billion in revenue, up 33.08% year over year, with advertising alone at $55.02 billion and price per ad rising 12%. That is real pricing power on 3.56 billion daily users. Palantir grew revenue 84.71% to $1.63 billion, with U.S. commercial up 133%. Meta is funneling a $125 billion-plus AI build through an insulated advertising monopoly, with Zuckerberg pitching “personal superintelligence to billions of people”.
Reflection inks $1B compute deal with Nebius
Reflection AI, a U.S. startup vying to develop open models, has signed a $1 billion compute deal with European AI infrastructure company, Nebius. Nebius, formerly the international arm of Russian tech giant Yandex, will provide Reflection access to Nvidia’s latest chips. The deal comes just a few weeks after the startup signed a similar deal to access SpaceX’s computing resources, and mirrors several partnerships by AI firms as they race to secure compute for training and deploying their models. Reflection, currently valued at $8 billion, was founded in 2024 by two former Google DeepMind researchers. It has already raised close to $2.6 billion in funding from backers including Nvidia, Sequoia Capital, and Lightspeed Venture Partners. Shortly after securing a $2 billion investment from Nvidia, Nebius signed a five-year infrastructure deal with Meta worth up to $27 billion. Last year, Nebius signed a multi-year deal with Microsoft worth up to $19.4 billion.
Kalshi Announces Compute Forward Curves, Becoming the Exchange for the AI Economy
Kalshi's forward curve is best-in-class because of a key difference: it is derived from Kalshi's own market data on weekly and monthly chip prices. Unlike other forward curves, Kalshi's are backed by the market, giving them the same wisdom-of-the-crowd accuracy that prediction markets benefit from. Oil futures trade over 800 million contracts a year. As AI becomes as fundamental to the economy as energy, Kalshi expects demand for compute futures to eventually dwarf that figure.
Exclusive-Data center firm Switch taps banks for IPO that could value it up to $80 billion, sources say
U.S. IPO proceeds have totaled $155.5 billion so far this year, the strongest pace since 2021, according to data from Dealogic. Switch operates large-scale data center campuses that provide the power, cooling and connectivity needed to support AI computing, allowing cloud providers and enterprises to deploy energy-intensive GPU clusters used for training and running artificial intelligence models. Its customers include Nvidia, Dell Technologies and FedEx.
DeepSeek begins IPO preparations with potential 2026 filing, Bloomberg reports
The Hangzhou-based AI startup is planning a mainland China IPO, with a potential filing targeted for 2026 that could allow the company to debut publicly in 2027, Bloomberg reported, citing people familiar with the matter. DeepSeek has started discussions with accounting firms and investment banks as it advances its IPO plans, according to the report. The company is also seeking additional private funding ahead of a potential listing, shortly after completing a reported $7 billion financing round. Bloomberg reported that DeepSeek has begun talks with prospective investors for a new funding round targeting a pre-money valuation of at least 480 billion yuan, or about $71 billion. That valuation would represent an increase from the approximately $50 billion valuation assigned to DeepSeek during its first external financing round, which closed in early June with participation from investors including Tencent Holdings (HKG:0700, OTC:TCEHY) and Contemporary Amperex Technology Co., according to Bloomberg. DeepSeek is seeking to raise at least 10 billion yuan in additional capital, though the final amount could be significantly higher depending on investor interest, the report said.
TSLA Stock Remains Volatile Ahead Of Q2 Earnings: Analysts Raise Price Targets With Cautious Optimism
480,126 units earlier this month — its strongest second quarter on record and the first year-over-year growth in deliveries in two years. Energy storage deployments also reached 13.5 GWh. According to data from Fiscal AI, analysts on average expect the company to report quarterly revenue of $25.83 billion, up from the $22.5 billion reported in the corresponding period last year.
Why Aurora Innovation Stock Zoomed 77.6% Higher In The First Half of 2026
Revenue is projected to grow to $14 million to $16 million in 2026, driven by new contracts, representing 400% growth at the midpoint. The company does have over $1 billion in cash on the balance sheet as of the last quarter, but that will only provide it with around two years of cash burn at current rates.
Lucid Plunges 50% as Reports Claim EV Maker Is Weighing a Take-Private or Chapter 11
Lucid lost about $2.7 billion in 2025 and has been burning roughly $1 billion a quarter. It ended the year with about $998 million in cash and roughly $4.6 billion in total liquidity. The Public Investment Fund, Lucid’s majority owner, has committed more than $9 billion since 2018, yet Lucid’s market value has slid to roughly $2.3 billion, less than a third of what PIF has poured in. Lucid’s gross margin sits at -93%, meaning the cost of revenue still exceeds the sales, and the automaker’s return on equity is -118%.
Zipline adds ex-Tesla, Uber, Waymo execs to make drone delivery mainstream across U.S.
Since Zipline started up about twelve years ago, its fully electric, autonomous drones have been used to make more than 2.5 million commercial deliveries. The company's CEO and co-founder Keller Rinaudo estimates that Zipline is now making one drone delivery every 20 seconds, up from one per minute in early 2025 when Zipline ranked at No. 46 on CNBC's annual Disruptor 50 list. One million of its deliveries to-date were conducted within the last 12 months, the company said, and roughly 70% of its daily delivery volume takes place in the U.S. Today, Zipline has the capacity to make 24,000 drones per year at its South San Francisco factory. Researchers at PwC have estimated that the U.S. drone market will grow 65% a year from 2024 to 2034, with deliveries rising from around 13 million this year to more than 800 million in 2034.
SpaceX and other mega AI deals are lifting big bank profits. CEOs say more are coming.
Revenue from Goldman's equities trading division rose 72% year over year to $7.4 billion in the second quarter, setting an all-time record haul by any bank in stock trading. JPMorgan also logged a massive quarter in stock trading, with revenue from that group soaring 86% to $6 billion. Bank of America's stock traders also scored a record quarter, with fees climbing 70% to $3.6 billion. The build-out of AI infrastructure remains in its early stages, and we believe in this multiyear investment cycle," Goldman Sachs CEO David Solomon said in a call with analysts. Successful raises are spurring other companies to follow suit. Leading Chinese AI startup DeepSeek is preparing for an IPO, according to a Tuesday Bloomberg report.
Prediction: This Is What Rivian Stock Will Do if the R2 Is a Smashing Success
Last quarter, Rivian reported 12,194 vehicle deliveries, well ahead of prior guidance. A big reason for this was June's launch of the R2 SUV, with a sticker price of $57,990. In addition, management increased its full-year production guidance, raising the ceiling from 67,000 to 70,000 vehicles.
Content Intelligence Market to Reach $39.88 Billion by 2035 as Generative AI Transforms Enterprise Content Operations | Research by SNS Insider
The U.S. content intelligence market is projected to hit $10.85 billion by 2035, while Europe is expected to reach $2.97 billion, driven by generative AI adoption, hyper-personalized content strategies, omnichannel marketing, and GDPR-compliant content analytics solutions. Austin, July 15, 2026 (GLOBE NEWSWIRE) -- The Content Intelligence Market was valued at USD 2.65 Billion in 2025 and is expected to reach USD 39.88 Billion by 2035, growing at a CAGR of 31.15%. The U.S. Content Intelligence Market was estimated at around USD 0.74 Billion in 2025 and is expected to reach around USD 10.85 Billion by 2035 at a CAGR of 30.87%, driven by the need for data-driven content solutions in corporate businesses, omnichannel marketing, accurate sentiment analysis needs, and compliance with data protection regulations where the United States accounts for roughly 78% of North American market revenues. The Europe Content Intelligence Market was valued at USD 0.59 Billion in 2025 and is expected to reach USD 2.97 Billion by 2035, witnessing a CAGR of 17.60% from 2026 to 2035.
BYD Has Already Lapped Tesla — Now It Says Toyota Is Next And US Market Doesn't Matter
BYD sold about 4.5 million vehicles last year, compared with Toyota’s 10.5 million. The company is also expanding across Southeast Asia and Latin America as Chinese automakers increasingly look abroad for growth. China’s monthly vehicle exports reached a record 1 million units in June. BYD says the technology could charge compatible Denza models to 70% in five minutes.
Power / Grid
Enfinity Global Tops 535 MW of Operating Solar Capacity in Italy
The company said its 18 operating solar photovoltaic plants, located across the Lazio and Emilia-Romagna regions, are expected to generate nearly 1 terawatt-hour (TWh) of renewable electricity annually. Enfinity's Italy General Manager, Alessandro Ceschiat, said the achievement demonstrates the company's ability to rapidly deploy energy infrastructure that supports the country's electricity needs while creating economic value, employment, and strengthening energy security. The company is also expanding beyond solar generation. According to market data from Elemens cited by Enfinity, the developer has become Italy's second-largest operator by authorized solar capacity, with more than 1 GW of approved projects. It has also secured authorization for approximately 600 MW of battery energy storage system capacity, supporting a broader Italian development pipeline totaling 9.1 GW. Enfinity said the growth of its Italian portfolio has been supported by project financing and capital structuring capabilities that have attracted more than €1 billion ($1.17 billion) in investment. Founded in 2019, Enfinity Global develops, owns and operates renewable energy and energy storage assets worldwide. The company says it has a global portfolio of 39.6 GW of renewable energy and storage projects, including 1.2 GW currently in operation and 1.6 GW under construction, across markets in Europe, Asia, and the United States.
Climate Tech Market to Reach $312.74 Billion by 2035 as Clean Energy Investments and Carbon Removal Technologies Accelerate | Research by SNS Insider
The U.S. climate tech market is projected to hit $107.48 billion by 2035, while Europe is expected to reach $59.93 billion, driven by the inflation reduction act, European Green Deal, REPowerEU, carbon removal technologies, and rapid investments in renewable energy, green hydrogen, and AI-powered climate solutions. The Climate Tech Market was valued at USD 48.46 Billion in 2025 and is expected to reach USD 312.74 Billion by 2035, growing at a CAGR of 20.52%. Total investments into global clean energy surpassed USD 1.8 trillion for the first time in 2024 when they outpaced investments into fossil fuels, according to IEA. Microsoft made an agreement on buying 10.5 million metric tons of carbon dioxide removal credits until 2030; it is the biggest single company offtake deal in the history of carbon removal. The U.S. climate tech market was valued at approximately USD 16.84 Billion in 2025 and is expected to reach approximately USD 107.48 Billion by 2035, recording a CAGR of 20.26%. Growth can be attributed to the budget of USD 369 billion allocated towards clean energy initiatives in the IRA which made advanced nuclear power, long-duration storage technologies, and direct air capture commercially viable ahead of schedule, with NextEra Energy initiating the construction of biggest-ever co-located solar and battery energy storage project in Western Hemisphere in Texas. Europe's climate tech market is forecasted to generate revenue of USD 12.49 Billion in 2025 and reach a value of USD 59.93 Billion by 2035, with a CAGR of 16.97%. Europe holds approximately 28.46% share of global climate tech revenue because of European Green Deal, REPowerEU, and Carbon Border Adjustment Mechanism which make the most comprehensive climate policy framework in the world with binding climate targets and carbon pricing. Asia Pacific Region is the fastest-growing climate technology regional market with a CAGR of approximately 23.47% through 2035 due to China's scale in clean energy manufacturing, India's goal to generate 500 GW renewable energy till 2030, Japan's Green Transformation and South Korea's Green New Deal plans. Approximately 46.38% of Asia Pacific region's revenue belongs to China as the world's largest single market for manufacturing of solar panels, wind turbines, battery storage and electric vehicles through 2035. 2024: Climeworks brought its Mammoth direct air capture facility in Iceland online reaching 36,000 tons per year of CO2 removal with credits sold to Microsoft and Stripe.
Portugal seeks high-value data centres, not to become Europe's dumping ground
The 1.2-GW Start Campus project in Sines, backed by Microsoft AI infrastructure investments, with the pipeline expected to grow substantially. Wholesale power prices in the Iberian MIBEL market it shares with Spain averaged just above 40 euros/MWh in the first quarter of 2026, compared with more than 90 euros/MWh in most European markets, according to Portuguese renewable energy association APREN.
TotalEnergies secures $502m for 789MW battery projects in Germany
TotalEnergies has secured approximately €440m ($501.6m) in debt financing for a portfolio of 11 battery energy storage projects with a combined capacity of 789MW in Germany. In April this year, TotalEnergies made a final investment decision and secured financing for the 1GW Mirny project, an onshore wind farm with a 600MW-hour BESS in south-east Kazakhstan.
The AI-Driven Rise in Power Bills Are Causing a $25 Billion Problem for Utility Stocks
In 2022, the U.S. utility industry had roughly $15 billion in unpaid bills it was trying to collect. By 2025, that number had hit $25 billion. Over a five-year period, electricity prices near data centers in Virginia rose by over 260%, Bloomberg reported in late 2025. The company's total backlog, however, is $20 billion, because each fuel cell it sells comes with a service contract.
New York State halts construction of all new data centers
Hochul’s order applies to data centers 50 megawatts or larger, potentially affecting more than a dozen projects. The average data center built in the last few years has been smaller than 100 megawatts, but those in development are expected to be much larger as AI drives computing demands higher. Through 2030, nearly a quarter of new data centers will exceed 500 megawatts, according to BloombergNEF, driven by increasing AI investment. Hochul’s office is also considering requiring data centers to pay into a fund that would support the state’s electrical grid, and she would like to prevent hyperscale data centers from receiving tax benefits.
CleanSpark shares surge after company secures $6.6B data center lease agreement
The agreement is expected to generate approximately $6.6 billion in contracted revenue over the initial 20-year term, with potential revenue increasing to $11.6 billion if two five-year extension options are exercised. Deliveries are expected to begin in the fourth quarter of 2027, with the initial deployment covering 175 megawatts of critical IT load. The company expects landlord project costs to range between $10 million and $12 million per megawatt of critical IT load. The Texas portfolio covered by the exclusivity arrangement includes CleanSpark's Sealy and Brazoria campuses. The Sealy site consists of 271 acres with nearly 300 megawatts of planned capacity, while the Brazoria campus includes 447 acres with transmission-level infrastructure supporting an initial 300 megawatts of demand load and potential expansion to 600 megawatts. This lease is a transformational moment for CleanSpark as we complete our evolution into a diversified digital infrastructure platform and begin monetizing our power portfolio at institutional scale, Schultz wrote.
The New Large-Load Compact
176 TWh of electricity in 2023, about 4.4% of total U.S. electricity consumption. Depending on demand growth, efficiency, and broader economic conditions, LBNL estimated that data-center electricity use could reach 325 TWh to 580 TWh by 2028, or roughly 6.7% to 12% of projected U.S. electricity consumption that year (Table 1). The North American Electric Reliability Corporation's (NERC's) 2025 Long-Term Reliability Assessment (LTRA) forecast that summer peak demand would grow by 224 GW, a more than 69% increase over the prior LTRA forecast, with new data centers for AI and the digital economy identified as a major contributor (Table 2). Wärtsilä announced in 2025 that it would supply 282 MW of flexible engine capacity, using 15 18V50SG natural gas engines, for a new Ohio data-center project. Siemens Energy announced a $150 million expansion in Charlotte, North Carolina, to address U.S. power-transformer shortages. The next phase of large-load integration will be shaped less by broad statements about AI demand and more by the details of implementation.The first issue to watch is how utilities, RTOs, ISOs, and regulators define project readiness. Large-load processes will need clearer distinctions among speculative inquiries, mature projects, contracted load, staged load, flexible load, and energized demand. Queue volume alone will not be enough. The fourth issue is whether large-load review expands beyond electricity alone. Gas deliverability, diesel logistics, water availability, equipment supply chains, permitting, and local infrastructure may determine whether a project that looks feasible on paper can actually be served.
New York becomes first U.S. state to impose AI data center ban
New York State Governor Kathy Hochul on Tuesday signed an executive order barring the construction of new large-scale data centers using 50 megawatts or more of power for up to one year, making the Empire State the first state in the nation to impose such a ban. Tuesday's moratorium might not be the last action taken by the governor's office, either. The Responsible Data Center Development Act, passed by the state legislature earlier this year, contains a one-year moratorium on the construction of new data centers with a peak energy demand of 20 megawatts or more. In addition to the pause on new data center construction, Hochul directed the NYS Department of Public Service to "consider approaches to require data centers to fund new clean electric generation dedicated to their operations, including but not limited to customer-sited distributed energy resources and battery storage."
Why Ur-Energy Stock Popped Today
Uranium fetching $85 per pound on the spot market currently (up from $32.25 five years ago) and purchasers paying even more to secure long-term supply contracts -- as much as $95.50 per pound. Analysts predict it will earn a profit again as early as next year, so... we won't have to wait long for the answer.
Software
Arjo AB (publ) (ARRJF) Q2 2026 Earnings Call Transcript
We had in 2025 SEK 11 billion in turnover, and we have approximately 7,000 employees globally.
Needham Initiates Nu Holdings (NU) at Buy
According to Needham, Nu Holdings Ltd. (NYSE:NU) is the world's largest neobank, serving more than 135 million customers. It has a leading position in Brazil, where about 60% of the country's adult population uses its platform.
Retailer Bealls Inc. Increases Clearance Sales Dollars by 25% With Oracle
In just one year since the implementation, Bealls Inc. was able to increase clearance sales dollars by 25 percent. The retailers that will outperform in the years ahead are those that can turn data into action faster and more effectively than their competitors," said Jim Kelly, SVP, North America Retail Applications, Oracle. "Pricing is one of the most powerful levers retailers have to drive profitable growth, yet too many organizations still rely on static processes and incomplete insights. About Oracle Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.
Vitec Software Group AB (publ) (VITBF) Q2 2026 Earnings Call Transcript
We do that through the 49 business units or companies that we have. Feet on the ground still in 13 countries, but all in all, we have sales in over 60 countries by now. The pro forma sales, roughly SEK 3.7 billion, 85% of that is recurring revenue, which is an important part of our business model.
'Dirty Jobs' host Mike Rowe: Gen Z electricians are making up to $280,000 at AI data centers
The electricians that I interviewed and met two months ago in a data center in Plano, Texas, all under 30 years old, all making $240,000 to $280,000 a year, all with as much overtime as they want, none with any debt, all three of whom were poached three times in the prior 18 months.
IBM Tumbles 22% Toward Its Worst Day Since 1987, Rattling Software Stocks
IBM reported preliminary Q2 2026 revenue of $17.2 billion, up 1%, versus the $17.86 billion consensus. Operating (non-GAAP) EPS came in at $2.93, below the $3.01 consensus, with GAAP EPS at $2.27. Krishna said clients redirected capex in the last weeks of June toward servers, storage, and memory to secure supply-constrained infrastructure ahead of expected price increases, a reprioritization whose magnitude IBM didn't anticipate. The contagion is real but uneven this morning. Microsoft (NASDAQ:MSFT) shares are down 3% to $379.76, and ServiceNow (NYSE:NOW) shares are down 8% to $102.38. The iShares Expanded Tech-Software Sector ETF (NYSEARCA:IGV) is trading down 4% to $89.31. IGV holds IBM alongside these names and isn't leveraged, though its concentration in a handful of mega-cap software issuers means single-name shocks travel quickly through the fund. Polymarket currently prices only a 25.5% probability that IBM beats when the full report lands. Investors can watch for whether Software and Red Hat momentum reasserts itself on the July 22 call, whether Krishna quantifies the slipped-deal pipeline, and whether the mainframe demand slump was truly a June air pocket.
Avanza Bank Holding AB (publ) (AVVZF) Q2 2026 Earnings Call Transcript
Strong market appreciation combined with net inflows of SEK 19 billion made our savings capital reach a new all-time high, now exceeding SEK 1.2 trillion. A major strategic milestone during the quarter was completing the phaseout of our external savings accounts, which has created a self-inflicted drag on our net flows for about a year. However, I'm glad to say that 60% of the volume has -- or was retained at Avanza, which truly is a testament to the value our customers find in consolidating their savings with us. During the 1.5 years
ServiceNow: AI Is An Opportunity, Not A Threat
NOW trades at 26x forward earnings, near decade lows, with a 21% subscription revenue growth guide and 97% renewal rate.
Alphabet (GOOGL) Stock Looks Fairly Valued Despite Strong AI Hopes
Alphabet is fairly valued according to our Discounted Cash Flow (DCF), but this can change at a moment's notice. Track the value in your watchlist or portfolio and be alerted on when to act. The P/E ratio fits Alphabet well because earnings remain a key yardstick for large, profitable tech platforms. Alphabet trades on a P/E of about 26.9x, which is higher than the Interactive Media and Services industry average of 15.5x, but sits below the peer average of 37.9x for comparable large technology stocks. Simply Wall St's fair P/E ratio for Alphabet is 36.4x. This is the multiple suggested when taking its scale, profitability profile and risk factors into account rather than just using broad sector averages. Set against that benchmark, Alphabet's current 26.9x implies the stock is priced at a discount to what this framework would typically assign to its earnings. On this earnings multiple, Alphabet stock appears undervalued relative to the level suggested by its fair P/E ratio. "Alphabet is a compounding machine hiding under an ad empire, with AI monetization, Cloud profitability, and YouTube all adding new legs to the story…" "Now stand back and look at where the stock trades. The margin of safety, the cushion that protects an investor when he turns out to be wrong, is simply not there at this price…"
Accelerating Search Revenue Growth Powered Alphabet’s (GOOG) Rally
In Search, AI Overviews and AI Mode continue to drive healthy user engagement growth while AI-powered advertiser tools are leading to higher monetization rates.
Big Banks Eye Nearly $39 Billion Trading Revenue in Q2 Earnings
$39 billion in combined second-quarter trading revenue. Goldman's equities business may produce more than $5 billion in revenue, potentially setting another quarterly record. By the middle of June, Goldman had advised on more than $1 trillion of mergers and acquisitions during the year, reaching that milestone faster than any bank had previously done. Only days earlier, Goldman helped Alphabet (NASDAQ:GOOG), a technology company with a growing position as a supplier of artificial-intelligence chips, raise more than $80 billion to finance its broader AI spending.
Should Nebius and CoreWeave Investors Be Scared by Meta's Latest Plans?
Creating a cloud computing business has never been a top priority for CEO Mark Zuckerberg, and he stated that the company would consider forming one only if it had excess computing capacity that it wasn't using for internal needs. As of early June, he claimed Meta did not have that spare capacity. The reason Meta inked those deals was to gain access to as much computing capacity as possible, as quickly as possible. If it concludes that it actually has too much computing capacity, but decides that it doesn't want to build a cloud computing business, then Meta could cut ties with these two neoclouds and potentially regain the resources it needs for its AI demands. Because of that, I think CoreWeave and Nebius are still OK investments; they're just a little less safe than they were a few months ago. These two are booming cloud businesses, and even if Meta backs out of its deals with them, they will likely be able to find customers who do want that computing capacity. The market has been fairly patient with the big three cloud computing providers' build-out plans because investors can see how those investments will directly translate into revenue growth.
The Goldman Sachs Group Q2 Earnings Call Highlights
Goldman generated record quarterly net revenues of $20.3 billion and record earnings per share of $20.98. The firm reported return on equity of 23.5% and return on tangible equity of 25.5% for the quarter. Coleman said Global Banking & Markets produced record revenues of $15.5 billion, while Asset and Wealth Management revenues rose 20% year over year to $4.6 billion. Solomon said large-cap corporate M&A volumes were up 90% through the first half of 2026, as clients sought greater scale to invest and compete more effectively. Coleman said advisory revenues rose 17% year over year to $1.4 billion, primarily due to higher completed volumes. He said Goldman advised on $1.2 trillion in announced deal volume through the first half of the year, maintaining the firm’s top position in announced and completed M&A volume and leading its closest peer by approximately $425 billion. Equity underwriting revenues were $985 million, up 130% year over year, while debt underwriting revenues reached $1 billion, up 75% and representing Goldman’s best quarter on record in that category, according to Coleman. The firm cited marquee mandates including acting as lead-left bookrunner on what Solomon described as the record-breaking IPO for SpaceX and an equity raise for Alphabet. Solomon also said Goldman advised on Dominion Energy’s sale to NextEra Energy and Comcast’s spinoff of NBCUniversal. Goldman reported record assets under supervision of $4 trillion at quarter-end, supported by $91 billion of long-term net inflows. Coleman said the quarter marked the firm’s 34th consecutive quarter of long-term fee-based net inflows. Management and other fees in Asset and Wealth Management rose 20% year over year to a record $3.4 billion, primarily due to higher average assets under supervision. Wealth management client assets reached roughly $2 trillion, according to Solomon, who said the firm’s ultra-high net worth business is positioned to benefit from wealth creation tied to elevated capital formation and strategic activity. Solomon said Goldman has seen nearly 900 referrals to wealth management from investment banking since the start of 2025, demonstrating the benefits of the firm’s One Goldman Sachs approach. In alternatives, Goldman reported $459 billion of assets under management at the end of the quarter. Coleman said gross third-party alternatives fundraising was a record $59 billion for the quarter and $85 billion for the first half of the year. The firm now expects full-year alternatives fundraising to exceed $125 billion. Solomon said investor interest remained strong, including in private credit, where Goldman raised $31 billion during the quarter. He also highlighted recent mandates to manage Verizon’s and Lockheed Martin’s retirement plans, representing a combined $70 billion in assets under supervision. Goldman's common equity tier 1 ratio was 12.9% at the end of the quarter under the standardized approach, 150 basis points above its current capital requirement. Coleman said the firm was pleased with its recent CCAR results and continues to support proposed regulatory changes aimed at improving transparency and stress test calibration. The firm repurchased $4 billion of common stock during the quarter and announced an increase in its quarterly dividend to $5 per share. Solomon said the dividend increase represented a 25% rise from a year earlier and a 150% increase over the past five years.
Microsoft vs Oracle: One Thriving, One Burning Cash
Microsoft’s quarter felt boringly good. Revenue reached $82.886 billion, up 18.3% year over year, and EPS came in at $4.27 versus $4.0706 expected, the fourth consecutive beat. Intelligent Cloud grew to $34.681 billion (+30%), with Azure and other cloud services up 40%. Satya Nadella told investors “AI business surpassed an annual revenue run rate of $37 billion, up 123% year-over-year.” Commercial RPO climbed to $627 billion, nearly doubling. Microsoft funded its $30.876 billion capex quarter out of $46.679 billion of operating cash flow. Oracle’s story runs harder and hotter. Cloud infrastructure grew 93% to $5.787 billion, and total cloud is now 52% of revenue, up from 43% a year ago. RPO exploded to $638 billion, up 363%, though $75 billion is tied to prepaid or customer-supplied GPU arrangements. Oracle guided FY2027 revenue to $90 billion with non-GAAP EPS of $8.05, and Q1 cloud growth of 58% to 64%.
Amazon Is Spending 200M In AI This Year: Is that Good News For Investors?
$131.8 billion, up from $83.0 billion in 2024 and $16.9 billion in 2019. The demand signal is real. AWS revenue reached $37.59 billion in Q1 2026, up 28% YoY, its fastest growth in 15 quarters, at a 37.7% operating margin. Committed customer demand includes roughly 2 GW of Trainium capacity for OpenAI starting 2027, up to 5 GW of Trainium chips for Anthropic, and 1 million-plus NVIDIA GPUs to be deployed starting 2026. Revenue was $181.52 billion, up 16.61% YoY, with operating income of $23.85 billion, up 29.6% YoY. Custom silicon is the lever that turns capex into durable margin. Trainium 2 delivers 30-40% better price performance than comparable GPUs, and Trainium 3 offers up to 40% better price performance than Trainium 2, with nearly all supply expected to be committed by mid-2026. Operating cash flow reached $139.5 billion in 2025, up 20.4% YoY, and net income hit $77.7 billion. The forward catalyst is management’s own guide: Q2 2026 net sales of $194.0 billion to $199.0 billion (16% to 19% YoY growth) and operating income of $20.0 billion to $24.0 billion.
H2O AI Super Agent™ is Added by AT&T to Power Enterprise Agentic AI
On an average day, AT&T processes tens of billions of tokens across enterprise AI workloads and has increasingly adopted fine-tuned small language models (SLMs) to improve accuracy, optimize latency at scale, and reduce costs by up to 90%.
Lockheed Martin (LMT): Buy, Sell, or Hold Post Q1 Earnings?
A company's long-term sales performance can indicate its overall quality. Any business can have short-term success, but a top-tier one grows for years. Unfortunately, Lockheed Martin's 2.6% annualized revenue growth over the last five years was sluggish. This fell short of our benchmarks. We track the long-term change in earnings per share (EPS) because it highlights whether a company's growth is profitable. Sadly for Lockheed Martin, its EPS declined by 3.7% annually over the last five years while its revenue grew by 2.6%. This tells us the company became less profitable on a per-share basis as it expanded. We like to invest in businesses with high returns, but the trend in a company's ROIC can also be an early indicator of future business quality. Over the last few years, Lockheed Martin's ROIC has unfortunately decreased. We like what management has done in the past, but its declining returns are perhaps a symptom of fewer profitable growth opportunities. Lockheed Martin falls short of our quality standards. Following the recent decline, the stock trades at 17.2× forward P/E (or $522.25 per share). While this valuation is reasonable, we don't see a big opportunity at the moment. There are superior stocks to buy right now.
IBM loses $68bn in worst day on record
$68bn (£50bn) was wiped off the company's value at the start of trading on Tuesday after IBM said customers were ploughing money into the AI boom rather than its products. In the US, Oracle dropped 1.3pc, Accenture declined 2.1pc, Microsoft fell 1.5pc, and Salesforce dropped 2.5pc. Companies such as Meta, Alphabet and Microsoft, called AI hyperscalers, are doubling their capital expenditure this year to some $800bn as they seek to secure market share in the nascent technology.
Jim Cramer says don't bite on Apple sell call; buy his new chip favorite
IBM attributed the challenges to customers shifting spending toward servers, storage, and memory. Jim Cramer said the warning underscores how AI-related spending continues to migrate toward infrastructure and cybersecurity. KeyBanc also warned that recent price increases on Macs and iPads could weigh on unit demand and eventually slow Apple's high-margin services business.
Should You Buy Robinhood Stock Before July 29?
It generates higher revenue when users trade on their accounts, and launching new products as well as attracting higher deposits should lead to increased revenue. Revenue increased 15% year over year in the first quarter. It added 1.7 million funded customers in the first quarter, a 6% year-over-year increase, for a total of 27.4 million. Robinhood Gold members increased by 1.2 million, or a 36% increase, to 4.3 million. NASDAQ: HOOD
The Ultimate Stock to Buy And Hold For A Decade
Google Cloud revenue grew 63% in Q1 FY2026 to $20.03B, and the backlog nearly doubled quarter over quarter to over $460 billion. Q1 FY2026 EPS came in at $5.11 against a $2.63 estimate, the fourth straight quarter of beating expectations. Operating income grew 30% year over year to $39.70B, and operating margin expanded to 36.1%.
Meta’s Adam Mosseri says AI token budgets could soon be capped per engineer
Meta shut down an internal AI token spend leaderboard after AI costs put the company on track for billions of dollars in 2026.
Goldman bans the very bets JPMorgan wants to sell
Sector trading volume jumped from about $16 billion in 2024 to nearly $64 billion in 2025, with Bernstein projecting roughly $240 billion this year, according to CNBC. Kalshi raised $1 billion at a $22 billion valuation, and its weekly volume neared $3 billion, up from about $100 million a year earlier, according to Decrypt.
Uber’s $150 Billion Platform Is Entering a New Phase of Profitability
Uber has scaled into a $150 billion consumer platform reporting real operating income, and the most recent quarter shows why the market is starting to price it that way. The scale behind the market cap is what makes the profitability turn credible. In Q1 fiscal 2026, reported May 6, 2026, Uber ran 3.6 billion trips across 199 million Monthly Active Platform Consumers, with trips up 20% year over year and audience up 17%. Gross Bookings climbed 25%. Revenue reached $13.203 billion, just missing the $13.263 billion estimate by 0.45%, a gap the company attributes to a roughly 9 percentage-point headwind from business model changes. The margin story is what pushes this into a new phase. The company’s operating income hit $1.923 billion, up 56.6% year over year. Additionally, adjusted EBITDA margin on Gross Bookings widened to 4.6% from 4.4%, and non-GAAP operating income margin expanded to 3.5% from 3.1%. Non-GAAP EPS came in at $0.72, beating the $0.7133 estimate and growing 44% year over year, more than double the pace of bookings growth. Uber’s Q2 guidance calls for Gross Bookings of $56.25 billion to $57.75 billion, non-GAAP EPS of $0.78 to $0.82 (growth of 31% to 38%), and adjusted EBITDA of $2.70 billion to $2.80 billion.
CrowdStrike Climbs 11%, Palo Alto Rises 7% as Cybersecurity Stocks Rally on Cooling Inflation
CrowdStrike stock trades at a forward P/E ratio of 152x against a 52-week range of $85.68 to $209.50. Palo Alto Networks shares carry a trailing P/E ratio of 291x, while Fortinet stock sits at a comparatively tame 57x. The bulls can point to durable AI-driven security demand, platform leadership, and the fact that CrowdStrike stock is up 60% year to date with fundamental support: eight consecutive EPS beats and raised FY2027 guidance.
Blue Owl Capital (OWL) Ties Into Meta’s $50 Billion Hyperion Expansion
Meta is expanding its Hyperion data center project in Louisiana to more than $50b of planned investment. Blue Owl Capital is stepping into a much bigger spotlight as Meta's Hyperion data center project in Louisiana scales to a planned investment of over $50b. The stock last closed at $9.29, with the share price down 39.3% year to date and down 48.2% over the past year. That gap between share performance and the size of the projects Blue Owl is tied to is an important context point for anyone tracking NYSE:OWL. The Hyperion expansion points to increasing capital needs around AI infrastructure, where Blue Owl's joint venture involvement could matter for its longer term positioning. For investors, this news is primarily about understanding how deeply the company is connecting itself to large scale digital infrastructure rather than about immediate financial results.
Is CRM Stock Really Broken Or Just On Sale?
Revenue over the last twelve months still grew 11.0%, a continuation of its 10.0% three-year average growth rate. The company’s operating margin of 22% comfortably exceeds the S&P 500 median of 18.4%. For investors who prefer to bet on the broader software theme rather than a single company’s execution, a software ETF like IGV offers diversified exposure. But for Salesforce, hitting or exceeding these near-term growth targets is the only way to prove the cash flow is durable and that the business is not broken, just on sale. Therefore, the single most important thing for investors to watch is the progress toward that second-half reacceleration. The next data point will be the company’s performance against its guidance for the upcoming quarter, which includes an expectation for current remaining performance obligation (CRPO) growth of “approximately 13% year over year in constant currency.”
Why Meta stock suddenly broke out after a long slide
Meta raised its full-year 2026 capex forecast to a range of $64 billion to $72 billion, up from a prior range of $60 billion to $65 billion.
Vertiv Is Set to Benefit as AI Moves From Hype to the Real Economy
In the first quarter of 2026, Vertiv's revenue increased 30% year over year to $2.65 billion. Adjusted diluted earnings per share (EPS) jumped 83% to $1.17. Management also raised its 2026 guidance, projecting revenue of $13.5 billion to $14 billion for the year, and adjusted EPS of $6.30 to $6.40. Artificial intelligence could reach $2 trillion by 2034
Brookfield Quietly Built a $180 Billion Insurance Business. Here's Why It Could Be the Next Growth Engine.
The company aims to grow its insurance assets to $350 billion by 2030. Brookfield currently expects the combined company to grow its earnings at a 25% compound annual rate through 2030. The company anticipates its wealth solutions business to contribute 34% of its total earnings growth during that period.
How Investors Are Reacting To Microsoft (MSFT) Amid AI Spending Jitters And Job Cuts News
Microsoft's narrative projects $510.7 billion revenue and $192.9 billion earnings by 2029. Uncover how Microsoft's forecasts yield a $561.39 fair value, a 44% upside to its current price. Some of the most optimistic analysts were assuming Microsoft could lift revenue to about US$515 billion and earnings to roughly US$223 billion by 2029
Xvivo Perfusion AB (publ) (XVIPY) Q2 2026 Earnings Call Transcript
The total cash flow was neutral and hence, the cash- cash position stable. For the third consecutive quarter, the total cash flow was neutral and hence, the cash- cash position stable.
Okta and Palo Alto Networks Stocks Trade Up, What You Need To Know
Okta's shares are very volatile and have had 21 moves greater than 5% over the last year. Despite the year-to-date gain, investors who bought $1,000 worth of Okta's shares 5 years ago would now be looking at only $635.25.
Wells Fargo Says Disney Could Rally 40%
Wells Fargo estimates Disney could generate more than $15 billion in annual licensing revenue by focusing "purely on content vs. distribution," a significant step up from its licensing revenue before the 2019 streaming pivot.
Atlassian, monday.com, and Agilysys Stocks Trade Down, What You Need To Know
IBM pre-announced adjusted earnings of $2.93 per share on $17.2 billion in revenue, missing Wall Street estimates of $3.01 and $17.86 billion, respectively. Clients shifted their capital expenditure toward servers, storage, and memory chips to secure supply-constrained hardware ahead of expected price increases, causing "numerous large deals" to stall. The IBM pre-announcement provides evidence for a fear that pressured software multiples all year: the massive capital required to build out artificial intelligence hardware appears to be cannibalizing traditional IT budgets.
IBM shares plunge 25% as AI spending boom disrupts business
Revenue for the three months ending in June rose just one percent to $17.2 billion. IBM's infrastructure business -- which includes its flagship mainframe line -- saw revenue fall seven percent. Software revenue grew five percent but still came in below expectations. The company's server and storage business outside of mainframes surged 37 percent as clients snapped up that equipment. IBM also announced Lightwell, a $5 billion initiative to fix vulnerabilities in open-source software, with backing from major banks including Bank of America, JPMorganChase and Goldman Sachs.
Piper Sandler and PJT Shares Skyrocket, What You Need To Know
Revenue from advising on mergers and acquisitions (M&A) and initial public offerings (IPOs) surged, with fees reaching their highest levels since 2021. PJT is down 2.8% since the beginning of the year, and at $164.72 per share, it is trading 13.9% below its 52-week high of $191.42 from January 2026.
Moelis and Lazard Shares Skyrocket, What You Need To Know
Revenue from advising on mergers and acquisitions (M&A) and initial public offerings (IPOs) surged, with fees reaching their highest levels since 2021. Lazard generates its core revenue from Financial Advisory fees, and securing mandates on multi-billion-dollar sponsor deals fuels top-line growth.
SoundHound AI Stock Is Down 37% in 2026. Is This the Ultimate Buying Opportunity, or Is More Downside Ahead?
SoundHound's revenue soared by 52% year over year during the first quarter of 2026, to come in at a record $44.2 million. Management estimates the company's annual revenue will come in somewhere between $225 million and $260 million in 2026, but that number could grow to $400 million in 2027 once LivePerson's revenue is included.
Why The Trade Desk (TTD) Shares Are Sliding Today
Shares of digital advertising platform The Trade Desk (NASDAQ:TTD) fell 3.6% in the afternoon session after IBM issued a second-quarter earnings warning, suggesting that enterprise customers may be slashing software budgets to fund hardware purchases. Legacy workflow and application incumbents like ServiceNow (NYSE: NOW), Workday (NASDAQ: WDAY), and Salesforce (NYSE: CRM) fell alongside IBM. Conversely, cybersecurity platforms including CrowdStrike (NASDAQ: CRWD), Okta (NASDAQ: OKTA), and Zscaler (NASDAQ: ZS) rallied. IBM pre-announced adjusted earnings of $2.93 per share on $17.2 billion in revenue, missing Wall Street estimates of $3.01 and $17.86 billion, respectively. The IBM pre-announcement provides evidence for a fear that pressured software multiples all year: the massive capital required to build out artificial intelligence hardware appears to be cannibalizing traditional IT budgets.
Cisco Stock: Market Risk, Not Portfolio Diversification
Over the last five years, Cisco’s correlation to the S&P 500 sits at 0.58. Cisco has delivered an annualized return of 21% over that period, outpacing the S&P 500’s 13.1%. The company’s proprietary Silicon One technology is proving to be a key advantage with the largest cloud providers. The challenge, however, is whether this rapid growth is sustainable and profitable. For your portfolio, this translates into a specific kind of ride. Over the past year, on days the S&P 500 rose, Cisco captured about 146% of the market’s gain. But on down days, it absorbed only about 99% of the loss. The single most important signal to watch isn’t the daily stock price, but the company’s product gross margin. If that figure stabilizes or improves, it’s a sign that Cisco is successfully turning its significant AI sales into high-quality profit. What steadies a portfolio is holding stocks that move on their own terms rather than all dropping together when the market falls, ideally without sacrificing return to get there.
AI Stocks: Falling Knife or Once-in-a-Decade Buying Opportunity?
Technology leaders have been spending billions as part of the AI infrastructure build-out, with plans to invest nearly $700 billion this year alone. This is as demand for capacity to run AI workloads explodes higher. And technology companies' earnings reports have reflected this high demand, with AI revenue climbing.
Comcast (CMCSA) Agrees To $117.5 Million Xfinity Data Breach Settlement
The US$117.5 million cybersecurity settlement puts governance and risk controls at the center of the Comcast story. For investors watching Comcast, ticker NasdaqGS:CMCSA, the settlement adds a fresh governance and risk consideration alongside recent share performance. The stock closed at $23.19, with the share price down 21.5% year to date and down 25.3% over the past 12 months. Over a 5 year period, the stock is down 49.0%, which has created sustained pressure on long term holders. The breach and class-action settlement underline operational and legal risk in handling sensitive customer data, which could affect future legal exposure and required spending on security. Analysts expect Comcast earnings to decline by an average of 11.5% per year for the next 3 years, so additional cybersecurity and compliance costs may weigh further on profitability if not offset elsewhere. Comcast is flagged as trading at 75% below one estimate of fair value and at good relative value compared to peers and the wider industry, which some investors may view as compensation for these risks.
Meta Ups Investment to $50B for Louisiana Data Center
Meta’s $50B investment marks a sharp escalation in data center spending. The project’s scale stands out in both dollar volume and physical footprint. Its 5 GW capacity exceeds previous developments by a wide margin. The investment also highlights how AI demand reshapes site selection decisions. Developers now place greater weight on power access, land availability, and labor supply. Meta also structured a unique agreement with local utilities. According to the company, Entergy Louisiana customers will save $2.65B in electricity costs over 20 years. The agreement shows how hyperscaler projects can benefit surrounding communities directly. Meta has already signed more than $1.6B in contracts with Louisiana companies since December 2024. Construction began that same month. The project should support 7,500 construction jobs at peak activity and create 1,000 permanent positions after completion. The Hyperion campus reflects a broader hyperscaler arms race. Amazon, Microsoft, Google, and Meta continue expanding data center footprints aggressively. They need more computing power and electricity to support AI models and services. Meta’s Cheyenne, Wyoming, data center remains under investigation. A contractor allegedly discharged contaminated wastewater at the site. The project also highlights growing scrutiny around large AI developments.
JPM Q2 Earnings Call Flags Strong Markets, Higher NII View
JPM Raises the 2026 Revenue Bar Chief financial officer Jeremy Barnum said JPM now expects full-year net interest income excluding Markets of about $96.5 billion, up from the prior $95 billion view. Total NII is now expected to reach about $105.5 billion, helped by roughly $9 billion of Markets NII. JPM's Consumer Trends Stay Constructive Barnum said consumers and small businesses remain resilient despite elevated gas prices and inflation. He pointed to solid spending trends, stronger tax refunds and a durable labor market as key supports. JPMorgan Pushes Growth Despite Cost Pressure One of the sharper exchanges in the Q&A centered on expenses. Barnum raised the adjusted expense outlook to about $107.5 billion, saying the increase was driven mostly by volume- and revenue-linked costs tied to unusually strong activity. JPM Sticks With Organic Capital Deployment Capital allocation drew another heavy round of questions after the bank bought back $6.2 billion of stock in the quarter and reported a 14.1% standardized CET1 ratio.
With Netflix Down 45% From Its Highs, Viewer Engagement Concerns Are in Focus Ahead of Its Q2 Earnings Report
Shares of streaming giant Netflix (NFLX 0.39%) are down roughly 30% so far in 2026 and off 45% from the peak they touched about a year ago. The company's ad revenue is expected to double this year to roughly $3 billion, but that is still only about 6% of total sales.
Aerospace
Starlink Mobile Service Could Be Coming to the U.S. Market Soon. Are Top Telecom Stocks in Trouble?
As of the end of March, Starlink had 10.3 million subscribers, which was more than double what it reported a year earlier. The business has been growing fast, as at the end of 2023 its subscriber count was just 2.3 million. By reaching a broader section of the market, that could enable its growth rate to accelerate at an even faster rate.
Frontier Airlines to debut in-flight Wi-Fi in 2027 with SpaceX's Starlink
Frontier Airlines and four other budget carriers with more than 1,000 planes between them will debut in-flight Wi-Fi early next year from SpaceX's Starlink, another win for the satellite internet provider. Starlink, a part of Elon Musk's SpaceX, has signed deals with more than 40 carriers around the world, including United Airlines and American Airlines, as airlines ramp up their in-flight services and customers grow to expect at-home-quality internet in the sky.
SpaceX alumni building remote-controlled construction equipment land $115 million fund round
$115 million in a funding round with investments from Kleiner Perkins, Bain Capital Ventures, and defense tech companies SpaceX, Anduril and Hadrian. The company plans to use the funding to hire 300 employees over the next year and build both a Texas factory and a mission control center.
Down 49%, Is RKLB Stock Grounded In Reality Or Ready For Liftoff?
The company's top line is expanding at a rapid pace, its revenue has grown at a 45% average annual rate over the last three years, compared to just 5.9% for the broader market. The Business Underneath What you get for that price is one of the few “end-to-end space companies on the planet,” as management puts it. The business has two core engines. The Launch Services segment, which generated $63.7 million in the first quarter, is built on its workhorse Electron rocket and its vehicle for hypersonic testing. The company's strategy is one of “complete vertical integration,” aggressively acquiring or developing everything from robotics via acquisition to its own new electric propulsion thruster.
SpaceX Stock Down 30%. Can Starship Flight 13 Turn It Around?
The Falcon 9 already launches at around $2,720 per kilogram. Starship’s target is below $100 per kilogram, a 27x reduction.
As SpaceX preps for big Starship launch, Evercore initiates with Outperform rating
SpaceX has been launching and refining the vehicle since 2023, and it remains key to the company's plans for heavy-lift launch, satellite deployment, and eventually travel to the Moon and Mars. Analyst Kutgun Maral called SpaceX "an extraordinary company on a real path to reshaping the future of humanity," and one whose parts reinforce one another. "[SpaceX is] a single, vertically integrated machine that turned reusable, low-cost launch into a near-monopoly on access to orbit, used that edge to build Starlink into a scaled, cash generative connectivity franchise, and is now pointing the same flywheel at AI infrastructure," he wrote. Evercore's model has revenue and EBITDA compounding at 106% and 157% respectively through 2028, with operating margins widening from 35% to 69% over the same stretch.
Wall Street Has a New SpaceX Bull, And This Is How High the Stock Could Soar
Evercore projects SpaceX revenue and EBITDA compounding at 106% and 157% through 2028, arguing growth will accelerate rather than fade. SpaceX is a vertically integrated space, connectivity, and artificial intelligence company founded in 2002. It operates the Falcon and Starship launch systems and, since 2023, has launched more than 80% of the world's mass to orbit each year.
Boeing Eyes Bigger Riyadh Air Order
The Saudi carrier previously agreed to purchase up to 72 Dreamliners in 2023, including 39 firm orders and options for 33 more.
Lockheed Martin Vs. General Dynamics: Pick General Dynamics for Naval Dominance Despite Lockheed’s $3.5 Billion Ultra Maritime Acquisition
$13.48 billion in revenue, up 10.3% year over year, with diluted EPS of $4.10, a fourth straight beat. Marine Systems operating earnings jumped 26.4%, reflecting Electric Boat and Bath Iron Works pulling ahead on Columbia and Virginia-class submarine work. Free cash flow reached $1.952 billion. Revenue landed at $18.021 billion, essentially flat, and diluted EPS of $6.44 came in missing expectations of $6.70. A $125 million F-16 charge, plus pressure on C-130, CH-53K, and Seahawk, compressed segment margins to 10.1% from 11.6%. Operating cash flow collapsed to $220 million, and free cash flow flipped to negative $291 million. Aerospace orders of $3.8 billion, up 63%, add a Gulfstream cushion Lockheed simply does not have.
Boeing H1 2026 deliveries: highest first half since 2018
314 commercial aircraft — the most for any first half since 2018 and a 12% increase over the same period last year, according to CNBC. The cumulative 737 MAX order tally now stands at 7,206, edging past the 7,159 that its predecessor, the 737 Next Generation, accumulated over its lifetime, according to CNBC.
Is SpaceX Stock a Millionaire Maker? There Are 2 Things That Will Define That Answer.
The average investor is much more likely to have 20 years to invest than to have hundreds of thousands to invest in a lump sum. So, for the sake of this example, we'll assume someone has $50,000 to invest in SpaceX right now (which is still a lot, to be fair), meaning their investment would need to grow by 20x to reach $1 million. At the time of this writing, SpaceX is valued at $1.82 trillion, so increasing its value by 20x would put it at $36.4 trillion. Some Wall Street analysts have said they see SpaceX's valuation reaching the $30 trillion ballpark in the next 15 to 20 years, so it's not impossible by any means. However, it's very unlikely, in my opinion. SpaceX needs to deliver on ambitious projects I do not doubt that SpaceX will eventually make some retail investors millionaires (it has already made plenty of private investors millionaires). Some people have large lump sums to invest, and others realistically have at least 30 years of investing ahead of them to take advantage of compounding growth. Of course, we can never predict how the stock market will perform, and anything is possible, but realistically, investors are better off looking elsewhere for a millionaire-maker stock.
Why Boeing (BA) Is Down 6.3% After Fresh 777X Delays And Supply Snags – And What's Next
Boeing's narrative projects $125.6 billion revenue and $7.9 billion earnings by 2029. This requires 10.9% yearly revenue growth and a $6.0 billion earnings increase from $1.9 billion today. Uncover how Boeing's forecasts yield a $270.00 fair value, a 24% upside to its current price.
Why Europe is suddenly betting big on drones
Europe has spent years rebuilding its military in response to Russia's invasion of Ukraine. Now, investment is increasingly converging around one technology that is seen as central to the continent's future security: drones. A flurry of announcements over the past two weeks shows just how quickly that shift is accelerating. NATO unveiled a new drone initiative, the U.K. earmarked billions of pounds for drones and counter-drone systems, Germany moved to procure 50,000 drones for Ukraine, and defense tech startup Helsing secured an $18 billion valuation. The developments reflect a broader shift in military planning, with drones and autonomous systems moving from niche battlefield tools to a core part of modern warfare. The trend is creating opportunities not only for drone manufacturers but also for companies developing AI, software, electronic warfare and secure communications. "Future defence is moving towards a layered battlefield, where, for example, a tank will not simply fire shells; it will also launch drones, receive live targeting data from satellites and [unmanned aerial vehicles], share information across the battlefield, and operate as part of a networked force," Morningstar analyst Loredana Muharremi told CNBC. Battlefield lessons from Ukraine – alongside Iran's use of low-cost Shahed drones in the Middle East – have shown the importance of relatively inexpensive, AI-enabled drones that can gather intelligence, extend the reach of conventional weapons and increasingly operate autonomously. How are drones being used in modern warfare? Those battlefield lessons are now reshaping procurement decisions across Europe. Last week, NATO Secretary General Mark Rutte said the military alliance would become "drone-ready," as he announced a drone initiative in which allies would invest more than $40 billion in counter-drone capabilities over the next five years. Drones have "fundamentally altered" the character of modern warfare and have become a "decisive factor" on the battlefield, Rutte said, citing the Russia-Ukraine war as one example. The U.K. is also investing heavily in autonomous systems. Under its Defence Investment Plan published in late June, the government committed £5 billion ($6.7 billion) to a "UK drone transformation" program aimed at strengthening the country's armed forces. Germany, meanwhile, is expanding support for Ukraine. On Monday, defense software company Auterion and Ukrainian drone maker Skyfall announced a 90-million-euro order for 50,000 drones equipped with Auterion's operating system from a European NATO member. A source familiar with the matter confirmed to CNBC that the country was Germany. "This is the first war happening at a time where drones were prevalent enough that they started to play a role," Auterion CEO Lorenz Meier told CNBC. Software is increasingly defining the battlefield, according to Meier. Auterion's operating system enables drones to continue striking targets despite electronic jamming, making them more effective in contested environments. "It allows them to dive into a target, even if the target has jammers, where previously they would have lost video signal and missed," Meier said. It also allows them to strike a target that's below the radio horizon, for example, when a drone descends in a valley. The company plans to introduce software that allows operators to control coordinated swarms of drones rather than piloting each aircraft individually. While the latest order is intended for Ukraine, Meier said the technology is already attracting interest from armed forces, including those of Germany, Norway, Britain, and France. Low-cost drones are also increasingly being paired with high-end weapons to improve their effectiveness by distracting or overwhelming enemy air defenses. Beyond drone makers The growing use of drones and other autonomous systems is also boosting the demand for the technology needed to coordinate the drones in real time, according to Muharremi. That includes secure communications, battle management software, AI, and satellite-based intelligence, sensors and electronic warfare systems. "As a result, companies with physical platform scale and exposure across autonomy, air defence, sensors, electronic warfare, software, and space are likely to capture a share of future defence spending," she said. It comes as European core defense spending has doubled since 2019 and, under NATO's 3.5% target for 2035, could reach about 800 billion euros by 2030 – roughly 2.9 % of GDP – according to McKinsey. Venture capital investment in defense technology also accelerated sharply in 2025 on both sides of the Atlantic. Deal volumes more than doubled year on year, according to McKinsey, and European defense tech funding rose from around 200 million euros in 2021 to 2.6 billion euros in 2025. Among the biggest beneficiaries is Munich-based Helsing. On Monday, the company announced a funding round that valued it at $18 billion, cementing its position as one of Europe's best-funded defense technology startups. Helsing makes drones and underwater surveillance weapons, and builds AI and autonomous software to power these military applications, highlighting how Europe's defense industry is increasingly betting that the future of warfare will depend as much on software and autonomy as on traditional military hardware.
Why Rocket Lab Stock Jumped 46% in the First Half of 2026 and Why It Could Rocket Even Higher
Shares of Rocket Lab (RKLB +2.67%) turned in a market-beating performance during the first six months of 2026, with shares jumping 46%, according to data provided by S&P Global Market Intelligence. The rocket launch and satellite company has turned in back-to-back record-breaking quarters this year, and despite the stock's recent pullback, there could be more to come. In February, the company reported record four-quarter results, as revenue climbed 36% year over year to $180 million, though its $53 million operating loss was essentially flat. Perhaps more importantly, however, was Rocket Lab's backlog, which jumped 73% year over year to $1.85 billion. Management's outlook called for additional growth for Q1, forecasting revenue of $193 million, up 57% at the midpoint of its guidance. On the operational side, Rocket Lab pointed to a record 21 launches last year, boasting a 100% success rate, touting seven launches in the fourth quarter alone. In May, the company provided another quarterly update, which -- like its previous report -- landed firmly in record-setting territory. For the first quarter, Rocket Lab generated record revenue that grew 63% year over year to $200 million, while its operating loss improved 5% to $56 million. The company's backlog of $2.2 billion surged 106% year over year and 20% quarter over quarter. Rocket Lab announced an important milestone, noting that it had sold more launches in Q1 than it had in all of last year combined. Its total launch manifest now totals 70 contracted missions. For the upcoming second quarter, management's forecast calls for revenue of roughly $233 million at the midpoint of its guidance, which would represent year-over-year growth of 61%. The company's $8 billion acquisition of Iridium positions Rocket Lab as an end-to-end space company, fulfilling another of its long-term ambitions. Wall Street is firmly in the company's corner. Of the 16 analysts who have published an opinion, 81% rate the stock a buy or strong buy, and none recommend selling. Moreover, Rocket Lab has an average price target of $117, suggesting potential gains for investors of 61% compared to Tuesday's closing price. Add to that Rocket Lab's track record of robust results, recent expansion, and its growing backlog, and it's easy to see how this space stock could fly even higher.
Bio
Is This Disturbing Trend Bad News for Eli Lilly in the Billion-Dollar Obesity Drug Market?
In a head-to-head study, Zepbound helped patients lose an average of 20% of their body weight, while Wegovy generated average weight loss of 13% at 72 weeks. Weekly prescription growth for Foundayo has remained flat over the past five weeks, FiercePharma reported, citing a July 10 note from Jefferies analysts. This is based on data gathered by IQVIA. In the 13th week post-launch, the prescription count came in at 19,550. This is compared to the figure of more than 105,000 for the Wegovy pill at the same point after its launch. Lilly's weight loss drug portfolio is solid, and the company remains well-positioned to deliver earnings growth and stock performance over the long term.
Summit to sell antibiotic to Canada’s Biossil for up to $105M
Summit Therapeutics (SMMT) on Tuesday announced an agreement with Canadian drug developer Biossil to sell ridinilazole, a Phase 3 asset targeting Clostridioides difficile, for up to $105M.
Zenas BioPharma: Obexelimab Could Build An Autoimmune Franchise
Zenas BioPharma (ZBIO) is positioned as more than a rare-disease play, leveraging obexelimab’s B-cell inhibition platform for multiple autoimmune indications. ZBIO’s Phase 3 INDIGO trial validates obexelimab in IgG4-RD, showing 56% flare reduction and improved safety versus placebo, supporting a differentiated mechanism. With $718.5M cash and milestone access, ZBIO expects runway through Q2 2029, enabling launch prep and expansion into SLE and MS indications. Valuation is premium, but justified by late-stage assets, BLA submission, and platform potential; key catalysts include FDA review and pivotal SLE data in late 2026.
Can Biogen Score Another Win In Alzheimer's Disease?
Biogen and Ionis said Tuesday their tau-targeting Alzheimer's treatment slowed cognitive decline by 26% over the course of 18 months.
Agenus stock doubles as biotech narrows Phase 3 bet
The trial is expected to enroll about 850 patients. It will compare patients who receive BOT+BAL before surgery with patients who proceed directly to surgery, with event-free survival serving as the primary endpoint. The company expects the first ROBBIN patient to be dosed in the first quarter of 2027. Interim pathologic-response data are expected in the second half of that year, followed by an interim event-free-survival analysis in 2029 and a final analysis in 2030. Agenus said its existing cash and the upfront placement proceeds are expected to support operations into the third quarter of 2027. Full warrant exercise: If the Series A and Series B warrants are fully exercised, the company expects its cash runway to extend through the end of 2031.
Biogen tumbles 8.7% as breakthrough Alzheimer’s data is clouded by dosing paradox
Diranersen missed its primary endpoint: proving a dose-dependent response on the CDR-SB, a key measure of cognitive decline. Diranersen is the first therapy to successfully demonstrate a massive 50% to 65% reduction in cerebrospinal fluid (CSF) total tau alongside significant reductions in brain tau pathology across all doses.
Pfizer Vs. Amgen: Bet That Pfizer’s Seagen Integration Leads to Long-Term Oncology Alpha Over Amgen
Padcev Carries Pfizer. Biosimilars Bite Amgen. Pfizer’s oncology franchise pulled in $3.83 billion, up 9% year over year, led by Seagen’s crown jewel Padcev at $591 million (+39%) on first-line urothelial share gains. Lorbrena jumped 37%, Orgovyx 43%, and total launched and acquired products grew 22% operationally. That is real commercial momentum. Padcev’s Phase 3 EV-304 trial showed a 47% reduction in tumor recurrence, progression or death in MIBC patients, with a PDUFA target of August 17, 2026. I will be watching Padcev’s August 17 PDUFA decision, Elrexfio’s myeloma expansion, and whether Pfizer can hold its reaffirmed $59.5 to $62.5 billion revenue guide against a $1.5 billion generic headwind.
What Lilly's Peer-Beating Numbers Cost You
In the most recent quarter, global revenue for Mounjaro and Zepbound was a combined $12.8 billion. Management has guided its 2026 non-GAAP performance margin to be between 47% and 48.5%.
2 Beaten-Down GLP-1 Stocks to Buy on the Dip
1. Oral Wegovy has been a smashing success, including among people who had never taken GLP-1 medicines before, who account for more than 80% of prescriptions. 2. The pill has exceeded three million prescriptions in the U.S., and recently earned approval in the European Union, where it could also see strong adoption. 3. Activating three distinct hormones could further boost efficacy. 4. Novo Nordisk's UBT251, one of its triple agonists, which it is developing in collaboration with a China-based company called The United Laboratories International Holdings Limited, has already shown strong results in phase 2 studies. 5. KAI-7535 had posted strong phase 3 results, albeit in China. The medicine led to a mean weight loss of up to 11.1% after 50 weeks of treatment.
Attovia files for IPO to take on Sanofi and Regeneron’s Dupixent
Attovia has begun to validate that idea in the clinic, completing an assessment of the asset in 56 healthy volunteers and reporting preliminary data in an ongoing phase 1b trial of patients with high-itch atopic dermatitis or chronic pruritus. Pooling two dose cohorts, the biotech reported that 65% of patients met its itch responder definition at Week 4. No patients on placebo met the responder definition. Attovia plans to start phase 2 trials in chronic pruritus and high-itch atopic dermatitis in the first half of next year.
Consumer / Retail
Welcome to the Tokenpocalypse: Companies rapidly backtrack after encouraging workers to spend with abandon on AI
According to leaked internal audio reported by 404 Media (1), consulting giant Accenture has begun discouraging employees from using AI for routine tasks, including turning PDFs into presentation slides, as it looks to curb soaring token costs. Gartner forecasts worldwide AI spending will reach $2.59 trillion in 2026 (2), a 47% increase from a year earlier, even as many organizations struggle to demonstrate clear business returns from those investments. While the cost of an individual AI token has fallen (3) by nearly 90% since 2023, overall spending has still doubled. Industry data shows AI deployment costs have gone from a concern for just 3% of organizations in 2023 to 58% this year. Some companies have even burned through an entire year's AI budget in just four months before introducing strict limits on employee usage. Uber introduced a $1,500 monthly spending cap per employee for each agentic coding tool, including Anthropic's Claude Code and Cursor.
Here's How Many Shares of Nike You'd Need for $10,000 in Yearly Dividends
It will take roughly 6,090 shares to earn $10,000 a year in dividends from Nike (NYSE: NKE). This is based on its current quarterly payment of $0.41, or a forward-12-month dividend of $1.64 per share. Nike's dividend yield is the highest in its history. The company recently raised the quarterly payment by 3%, marking 24 consecutive years of dividend increases. The weaker revenue isn't the biggest problem for Nike -- it's lower margins. To support continued dividend payments, the company has to pay out more cash than it is taking in. Over the last year, Nike paid out roughly $2.4 billion in dividends but generated just over $1 billion in free cash flow. That's obviously not sustainable in the long run. Nike also has approximately $9 billion in cash and short-term investments on its balance sheet, with $7.9 billion in total debt. More cash than debt is solid, but investors will need to closely follow quarterly earnings reports. Nike needs to show progress in improving margins and boosting free cash flow to cover the dividend payments.
Clothing sales fuel increase in US retail sales
The CNBC/NRF Retail Monitor, published by the National Retail Federation (NRF), shows that sales at clothing and accessories outlets rose by 0.63% between May and June, seasonally adjusted, and by 13.65% compared to June 2025, unadjusted. On a yearly basis, all major retail categories reported sales growth, with sporting goods, electronics, and apparel stores leading with 18.53% growth year over year.
Bata India crosses 2,000 stores, targets 3,000 in expansion push
Bata India has crossed the 2,000-store threshold and is aiming for 3,000 outlets in the coming years. Across company-run stores, franchise locations, multi-brand outlets and online platforms, Bata India sells approximately 50 million pairs of footwear each year. The company noted that 90% of its outlets now double as hyperlocal fulfilment points. Looking ahead, digital channels are projected to account for 20%-25% of total business over the next several years, as the retailer continues to build out app-based engagement and omnichannel capabilities. Bata India is also broadening its zero-based merchandising (ZBM) format, currently deployed across 775 stores, with plans to extend this to close to 900 locations by the close of 2026.
The Big Reason IBM Is a Great Buy Before July 22 Earnings
IBM screens 14% below its $337 base-case target, backed by 15 buy ratings and an 80.5% prediction-market probability of a Q2 Software beat. Arvind Krishna revealed IBM Z now runs 450 billion AI inferences daily, a Street-undermodeled edge that drove mainframe revenue up 51% in Q1. IBM's Software grew 11.3% and Infrastructure margins nearly doubled to 15.8% year-over-year, representing structural edges Accenture cannot match. These advantages are further reinforced by IBM's 31-year dividend-raise streak. Polymarket contracts show an 80.5% probability that Q2 Software revenue clears $7.9 billion, with 68.5% odds of topping $8.05 billion.
4 Dividend Kings Are Crushing the S&P 500 in 2026 and Still Have Big Upside Potential
Four Dividend Kings beat the S&P 500's 9% gain in 2026 by wide margins while delivering reliable dividends backed by 50+ consecutive years of increases. Target (TGT) surged 32% in 2026 and still trades cheaply at a 3.56% yield, while Colgate-Palmolive (CL) extended its 63-year dividend growth streak with a big run. Coca-Cola (KO) surged 16% extending its 64-year dividend streak, while Kimberly-Clark (KMB) yields 4.41% and pursues a massive Kenvue acquisition. In 2026, the Dividend Kings have significantly outperformed the S&P 500 as investors rotate out of high-valuation growth stocks and into companies offering stable, reliable cash flows. This shift is clearly visible in fund flows: the equal-weighted NOBL Dividend Aristocrats ETF has outperformed market-cap-weighted growth funds during the 2026 rotation. Its equal-weight structure helps it avoid being dragged down by the heavy concentration in a handful of large-cap tech names that dominate many growth benchmarks. The Dividend Kings are the 56 companies that have raised their dividends for at least 50 years, a testament to their dependability and consistency. Those are two "must-have" items for investors who rely on passive income to supplement their overall income. Unlike the Dividend Aristocrats, the Dividend Kings do not have to be members of the S&P 500. We screened the current Dividend Kings for companies that are outperforming the S&P 500, which is up 9% this year, and four of our favorite companies are significantly outperforming the venerable index. Of course, all four offer reliable passive income given their Dividend Kings status, but they also deliver big total returns to shareholders. All four are rated Buy by the top Wall Street firms we cover. Coca-Cola (NYSE: KO) is an American multinational corporation founded in 1892. This company remains a top long-time holding of Warren Buffett, whose 400 million shares are 9.3% of the float and 9.9% of the portfolio. The stock pays a dependable 2.48% dividend. Surging by more than 16% year to date, the stock is easily outpacing both the S&P 500 and the Nasdaq Composite while extending its historic dividend growth streak to 64 consecutive years. Colgate-Palmolive (NYSE: CL) is a growth company focused on Oral Care, Personal Care, Home Care, and Pet Nutrition. The shares have surged roughly 20.4% year to date. The consumer staples giant remains an ultra-reliable income stock. It features an uninterrupted streak of payouts stretching back to 1895. It has also successfully increased its annual dividend distribution for 63 consecutive years. Kimberly-Clark (NYSE:KMB) is an American multinational personal care company that primarily manufactures and markets paper-based consumer products worldwide. The stock is also beating the index this year, up over 13%. Yielding 4.41%, the company raised its dividend for the 54th consecutive year earlier this year, retaining its spot on the Dividend Kings list. Target (NYSE: TGT) is a general merchandise retailer in the United States that offers apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as jewelry, accessories, and shoes. The company also offers a range of beauty and personal care products, baby gear, cleaning supplies, paper products, and pet care products. Surging 32% through early July 2026, the stock is easily outpacing the S&P 500's roughly 9% rally. Despite this massive outperformance, it still trades at a cheap valuation and offers an attractive dividend yield of 3.56%.
Hut 8 price target hiked to $165 at Benchmark as AI pivot reshapes valuation
Benchmark raised its price target on Hut 8 to $165 from $85, while reiterating its buy rating on the stock, citing the value created by the Beacon Point AI data center project. The broker estimated Hut 8 has secured $16.8 billion in contracted lease value across two AI campuses, with potential to grow to $42.8 billion if renewal options are exercised. Hut 8's expanding 9-gigawatt development pipeline and low-cost project financing support a long-term growth story despite recent share price weakness. That would be about 65% upside from Hut 8's current price near $100. Analyst Mark Palmer reiterated his buy rating on the stock, arguing that the market has yet to fully reflect Hut 8's rapid execution after the stock fell nearly 30% over the past six weeks despite what Benchmark described as strong operating momentum. "We are raising our price target for HUT to $165 to incorporate our estimate of the contribution of the company’s Beacon Point AI data center campus, the second and larger of its two commercialized hyperscale projects, and to reflect the acceleration of its evolution into something akin to a power-first data center REIT with an embedded development machine," analyst Mark Palmer said in the Tuesday report. Hut 8 has signed two 15-year, triple-net, take-or-pay leases covering 597 megawatts of IT capacity at its River Bend, Louisiana, and Beacon Point, Texas, campuses. According to Palmer, the agreements represent $16.8 billion in contracted base-term lease value and could rise to $42.8 billion if tenants exercise renewal options. Palmer said the Beacon Point agreement was the primary driver behind the higher valuation. The broker estimated that the project's first phase alone carries $9.8 billion in base-term contract value and about $655 million in average annual net operating income. He also pointed to Hut 8's financing strategy, noting the company recently completed $4.25 billion of investment-grade project financing for Beacon Point after raising $3.25 billion for River Bend. The deals validate management's strategy of lowering its cost of capital by converting development assets into long-term contracted cash flows. Beyond its existing projects, the report highlighted Hut 8's development pipeline, which totals more than 9 gigawatts across projects under exclusivity, development, construction and management, providing what it called a long runway for future growth. CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B. CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Shopify (SHOP): Ranks Among the Most Promising Stocks in the Fintech Industry
Shopify Inc. (NASDAQ:SHOP) is in a good position to benefit from the shift toward AI-driven agentic commerce. Bank of America expects the company's revenue to increase 28.3% in 2026 and 24% in 2027, both above the average growth expected for its peers. The price target implies a 22 times 2027E enterprise value to gross profit multiple, a premium to the software peer group average of 18.1x.
What Investors Don’t Know About Nio
Nio's gross margin nearly tripled to 19% year over year as R&D costs fell 41%, with CEO William Li targeting full-year 2026 profitability. Nio's 3,972-station battery swap network hit a four-year-high 21% other-sales margin, converting a long-criticized capex drain into a recurring revenue moat. Shares are down 89% over five years, yet analysts hold a $7.35 consensus target that sits 49% above where Nio currently trades. The Q1 FY2026 report tells the story. Gross margin came in at 19.0%, up from 7.6% a year earlier. Vehicle margin hit 18.8%, improving quarter-over-quarter for the fourth consecutive quarter. R&D expenses fell 40.7% year over year, and SG&A dropped 20.5%.
Bank of America CEO Brian Moynihan on the US economy: 'More durable than expected'
Bank of America (BAC) CEO Brian Moynihan said the US economy was strong and that consumers remained resilient as the company reported a jump in its second quarter profit on Tuesday. The U.S. economy has proved more durable than expected, supported by the strong consumer, ongoing AI-driven investments across the board, and easing energy costs," Moynihan said during the bank's post-earnings conference call. Bank of America stock rose 2% in morning trading after the bank's profit jumped 27% last quarter to $9.1 bilion, with net income growth across every business segment. "We continue to see strong consumer spending," Moynihan added later in the call. Bank of America's net interest income (NII) — the profit made from loans minus interest paid to depositors — hit $16 billion, topping the Bloomberg consensus estimate of $15.92 billion. Management sees NII guidance for the full year at the upper end of a 6% to 8% range, which Wall Street analysts on the call viewed as conservative. Bank of America's stock-trading revenue jumped 70% to $3.62 billion, smashing Wall Street consensus by nearly $1 billion, driven by increased client activity and strong trading performance, particularly in Asia and the US. Consumer banking and lending revenue grew 6% year over year, as did commercial banking revenue. Second quarter equities sales and trading revenue jumped to $2.3 billion, coming in above expectations of $1.98 billion.
Will the Market Recognize the True Potential of Elevance Health (ELV)?
Elevance Health, Inc. (NYSE:ELV) posted a one-month return of 6.88%, while its shares gained 26.46% over the past 52 weeks. We believe the company's current profits understate its normalized earnings power, as mismatches between reimbursement rates and medical cost trends have pushed margins in the government business lines below target levels for Elevance and its peers. With its scale advantages, diversification across end markets, and track record of disciplined underwriting and capital allocation, we believe that over time, the market will once again recognize Elevance as a high-quality franchise.
Centene Corporation (CNC) Rallied Following the Robust Result
Centene Corporation (NYSE:CNC) posted a one-month return of 11.24%, while its shares gained 127.63% over the past 52 weeks. We expect easing medical costs combined with improving reimbursement rates and Centene's own expense initiatives to drive a meaningful earnings recovery in the coming years.
Bank of America Q2 Earnings Call Highlights
Revenue gains were led by net interest income, investment banking, wealth management fees and trading, while deposits and loans continued to expand. Average deposits rose for a 12th straight quarter and average loans increased 8% year over year. Management lifted its full-year outlook, now expecting 300 to 400 basis points of operating leverage and NII growth at the upper end of its 6% to 8% range. CEO Brian Moynihan said the bank generated revenue of $31.6 billion, up 15% from a year earlier, while net income rose 27% to $9.1 billion. Earnings per share increased 34% to $1.21. Moynihan said the company delivered 6.6% operating leverage in the quarter, improved its efficiency ratio to 59% and generated a 17% return on tangible common equity. Net Interest Income and Fee Businesses Drive Revenue Growth Moynihan said revenue growth was led by net interest income, investment banking, wealth management fees and sales and trading revenue. Net interest income on a fully taxable-equivalent basis was about $16.2 billion, up 9% from the prior-year quarter. He attributed the increase to core lending and deposit-gathering strength, lending in Global Markets, repricing of lower-yielding assets and repayment of higher-cost funding. Non-interest income grew 22%, helped by activity in wealth management, investment banking and markets. Investment brokerage fees rose 18%, while investment banking fees increased 50% year-over-year to more than $2.1 billion. Sales and trading revenue reached $7.2 billion, up 33%. Management Raises Operating Leverage Outlook Bank of America now expects full-year 2026 net interest income growth to be at the upper end of its 6% to 8% range. Alastair said that outlook is supported by anticipated loan and deposit growth, fixed-rate asset repricing and balance sheet optimization. After previously telling investors it expected more than 200 basis points of full-year operating leverage, management now expects full-year operating leverage of 300 to 400 basis points. Alastair said first-half operating leverage exceeded 450 basis points, driven by rising net interest income and strong fee-based performance. Credit Quality Remains Stable Credit quality remained stable, according to management. Provision expense was approximately $1.4 billion, and net charge-offs were also $1.4 billion, both largely unchanged from the first quarter. Consumer card charge-offs and delinquencies improved both year-over-year and sequentially. Commercial credit remained solid, with improvement in commercial real estate offset by isolated corporate and commercial lending losses. Segment Results Highlight Consumer, Wealth, Banking and Markets Strength Consumer Banking net income increased 10% year-over-year to about $3.3 billion, while revenue rose 5% to $11.3 billion. The segment maintained a 51% efficiency ratio and delivered a 29% return on allocated capital. Average consumer deposits rose to $957 billion, and the bank added 162,000 net new checking accounts. Card spending increased 9% to $266 billion. Global Wealth and Investment Management reported record revenue and pre-tax income. Net income rose 42% year-over-year to $1.4 billion, while revenue increased 16% to $6.9 billion. Client balances reached a record $4.9 trillion, and assets under management grew 17% to $2.3 trillion. Global Banking revenue rose 10% to $6.2 billion, and net income increased 20% to more than $2 billion. Corporate investment banking fees, excluding self-led transactions, rose 50% to more than $2.1 billion. Average loans increased 7% to $413 billion, while average deposits rose 8% to $652 billion. Global Markets also delivered a strong quarter. Excluding debit valuation adjustment, net income was $2.7 billion, up 70% from a year earlier. Sales and trading revenue excluding DVA rose 33% to $7.2 billion. Equities revenue reached a record $3.6 billion, while fixed income, currencies and commodities revenue was $3.5 billion, its strongest quarter in more than a decade. Management also discussed the bank's use of artificial intelligence. Moynihan said more than 200,000 employees are using AI-enabled capabilities, generating more than 400,000 prompts per day. He said the bank had more than 300 approved AI use cases, including 114 live generative AI use cases. In closing remarks, Moynihan said the company continues to benefit from diversified revenue growth, stable credit costs and a constructive operating environment, citing strong consumer spending, broadening commercial lending and active capital markets pipelines.
5 Stocks Most Impacted by JPMorgan’s Earnings
$57.35 billion in revenue, powered by a $4.6 billion Visa share exchange gain and a 27% surge in Commercial & Investment Bank revenue. Goldman Sachs (NYSE:GS | GS Price Prediction) is the purest read-through, and it delivered its own bombshell alongside JPM. Goldman posted EPS of $20.98 versus $14.54 expected, a 44.27% beat and its fifth straight beat. Global Banking & Markets revenue jumped 53% to $15.52 billion, with Equities up 72% and Equity Underwriting up 130%. EPS came in at $1.21 versus $1.12 expected, with Equities S&T up 70% to $3.62 billion and investment banking fees up 50%. Net interest income rose 9% YoY, and credit metrics improved with the net charge-off ratio dropping to 0.47% from 0.55%. Shares rallied 2.06% to $60.73, validating the universal-bank thesis JPM anchored. Morgan Stanley’s Q1 already showed 27.1% ROTCE, Advisory up 74%, and $118.4 billion in wealth net new assets. Wells guided full-year 2026 NII to roughly $50 billion, and its Q1 net interest margin already compressed to 2.47% from 2.67%. The macro backdrop helps: FRED credit card delinquencies eased to 2.92%, and retail sales hit $763.7 billion in May, up 0.9% month over month. Shares climbed 2.52% to $357.75 after JPM highlighted Card Services and Auto revenue up 12% and card annual fees up more than 30%. Visa’s most recent quarter showed payments volume up 8% and cross-border volume up 11%, and JPM’s disclosure that Chase will become the new Apple Card issuer roughly 24 months from December 2025 reinforces network volumes. JPM authorizing a fresh $50 billion program.
4 Nasdaq Income ETFs to Buy in 2026: Why GPIQ’s 0.29% Fee Changes Everything
On income, GPIQ paid $0.51905 in July after $0.51923 in June, both records for the fund. Trailing 12-month distributions total $5.62, translating to about a 9.7% yield at the current $58 share price. The forward annualized run rate is closer to 11%. Combine that with the 0.29% expense ratio, and GPIQ becomes hard to dismiss: investors keep more of the premium the strategy generates. The JPMorgan Nasdaq Equity Premium Income ETF takes a different route to generating income from the Nasdaq. Rather than writing calls directly on its holdings, the fund builds an actively selected equity portfolio that leans on Nasdaq-100 names and layers in equity-linked notes to synthesize the call-writing exposure. That ELN structure is the distinguishing mechanism. It lets portfolio managers customize the strike, tenor, and counterparty terms rather than being locked into a mechanical monthly schedule. The NEOS Nasdaq-100 High Income ETF is the yield play on this list. The fund holds the same Nasdaq-100 megacaps you’d expect, with NVIDIA at 9.08%, Apple at 7.11%, and Microsoft at 5.66%. What sets it apart is a 6.74% position in an NDX index call option, which is how NEOS runs the income overlay through Section 1256 index options rather than single-stock calls. The Global X Nasdaq 100 Covered Call ETF is the elder statesman, with $8.3 billion in net assets and a fully mechanical strategy. Every month, Global X writes at-the-money calls on 100% of its Nasdaq-100 exposure, as evidenced by a -3.5% short call position on the balance sheet. The JPMorgan Nasdaq Equity Premium Income ETF is the pick for tax-advantaged accounts where the ordinary-income treatment of ELN distributions doesn’t sting and liquidity for large positions is a priority. The NEOS Nasdaq-100 High Income ETF is the answer for an investor in a high tax bracket who needs the 60/40 Section 1256 treatment to make the math work.
Freight Distress Report: Carrier, logistics closures erase over 245 jobs
Fusion Transport provides freight management, warehousing, e-commerce fulfillment and retail consolidation services. Several additional trucking and logistics companies also entered bankruptcy proceedings over the past two weeks, underscoring the breadth of financial pressure facing smaller freight operators. Jackson and Son Hauling LLC, an FMCSA-registered motor carrier based in Ruther Glen, Virginia, filed for Chapter 7 bankruptcy protection on July 13 in the U.S. Bankruptcy Court for the Eastern District of Virginia. According to the filing, the carrier operated two trucks and employed two drivers at the time of the petition. Victory Freight Corp., a San Bernardino, California-based trucking company, filed for Chapter 7 bankruptcy on July 2 in the Central District of California. Court records indicate the carrier cited a multimillion-dollar legal claim as one of its primary liabilities as it moves to liquidate its assets. IPS Express Logistics Inc., a transportation and supply chain company based in San Leandro, California, also filed for Chapter 7 bankruptcy protection in the U.S. Bankruptcy Court for the Central District of California. Meanwhile, Talon Logistics Inc., a Woodland Hills, California-based drayage and intermodal carrier, filed for Chapter 11 protection on June 29. Bankruptcy records indicate the company operates approximately 40 to 50 power units and has invested heavily in zero-emission equipment, including electric and hydrogen-powered trucks serving the Los Angeles market. Frito-Lay will discontinue warehouse operations at its distribution center in Raleigh, North Carolina, on Sept. 6, resulting in the layoffs of approximately 68 employees. D&H Distributing Co. is also closing a logistics warehouse in Bolingbrook, Illinois, and laying off all 68 warehouse and operations employees at the location, according to a state WARN notice. DHL Supply Chain will eliminate another 33 positions at a facility in Fullerton, California. The layoffs at 701A Sally Place are scheduled to take effect Sept. 3. Los Dorados Cargo Inc., an international freight forwarder and courier serving Latin American markets, filed for Chapter 11 protection July 9 in the U.S. Bankruptcy Court for the Eastern District of New York. Fuel Group Trading LLC filed for Chapter 11 protection July 8 in the Western District of Texas. The Round Rock-based wholesaler of gasoline, diesel and other petroleum products listed assets of $500,000 to $1 million and liabilities of $100,000 to $500,000. Freedom Trailers LLC, an enclosed cargo trailer manufacturer based in Tifton, Georgia, filed in the Middle District of Georgia with assets and liabilities each estimated at between $1 million and $10 million. Stryker Dealership Group LLC, a utility and cargo trailer wholesaler based in Piedmont, Alabama, filed for Chapter 11 protection in the Northern District of Alabama. Diesel Power Technology Inc. filed for Chapter 11 protection July 1 in the Eastern District of California. The company continues to operate its Turlock facility while seeking to reorganize its financial obligations. The filing followed a period of customer disputes and legal challenges that reportedly contributed to deteriorating customer ratings and business conditions.
Buy Walmart stock as price investment fear is "overdone", Bernstein says
The analyst also pushed back on fears about the margin impact of those investments, noting Walmart is leveraging tariff refunds to fund price cuts and offset freight inflation. Bernstein said the longer-term debate centers on Walmart's profitability improvement potential through its omni-channel initiatives. The firm estimated Walmart's U.S. core e-commerce business had a fiscal 2026 EBIT margin of -6% on a fully loaded, unsubsidized basis, but sees "a path to profitability on an unsubsidized basis by FY2030" through automated fulfillment and denser delivery routes. Bernstein also expects Walmart's U.S. retail media business to grow from 4% of gross merchandise value today to approximately 5%, with revenue rising from about $4 billion to $11 billion, contributing roughly 75 basis points to U.S. EBIT margin. Combined with e-commerce improvements, Bernstein sees a path to a 7% EBIT margin for Walmart's U.S. segment, implying $1.25 of EPS upside over the next four years.
Here’s Why Morgan Stanley Raised Merchants Bancorp (MBIN) Stock Target
Merchants Bancorp shares have gained more than 43% year-to-date, and analysts see more than 10% upside potential in the stock at the current price. On June 29, Morgan Stanley raised the price target on Merchants Bancorp (NASDAQ:MBIN) shares to $49 from $46 while reiterating a Buy rating on the stock. Merchants Bancorp's strong start to the year was marked by a 16% jump in net income, a 34% rise in EPS, an 8% increase in total assets, and a 4% rise in deposits on a year-over-year basis.
Nike (NKE) Rethinks Digital First Growth As Online Sales Decline
Nike (NYSE:NKE) is shifting away from a digital first focus after reporting declines in Direct and Nike Digital sales. The company is putting more attention back on traditional retail and wholesale channels. For you as an investor, the key issue is how this channel reset could affect brand reach, inventory flow, and pricing power. The balance between Direct, Nike Digital, and wholesale could influence margins, store traffic at partners, and how the company positions itself against competitors that remain heavily invested in online ecosystems.
Adobe (ADBE) Buys Topaz Labs As AI Revenue Runs At 3x Prior Year
The company reports AI-first net new annualized recurring revenue running at roughly 3x the level of the prior year.
Waters Corporation Is Getting Awfully Pricey
WAT's Q1 pro forma sales rose to $1.54B, with legacy revenue up 13% and recurring revenue surging 123%, signaling broad-based growth. Synergy realization is on track, with $55M+ cost savings and $50M revenue synergies targeted for 2026, supporting incremental EBITDA gains.
Why Wall Street Is Suddenly Rushing Back Into Beaten-Down Shopify (SHOP) Stock
Gross merchandise volume increased 35% to $100.74 billion, revenue rose 34% to $3.17 billion, operating income climbed 88%, and free cash flow reached $476 million at a 15% margin. AI-generated traffic to Shopify stores increased eightfold in the first quarter, orders originating from AI searches grew nearly thirteenfold, and weekly active stores using Sidekick more than quadrupled. Shopify can therefore capture payment volume without winning a complete platform migration.
Wells Fargo & Company Q2 Earnings Call Highlights
Revenue Growth Across All Operating Segments Scharf said each of Wells Fargo’s operating segments generated higher net interest income and non-interest income compared with a year earlier. In Consumer Banking and Lending, revenue rose 6%, helped by growth in checking accounts, credit cards and auto lending. Credit card momentum continued, with new accounts increasing 46% from a year earlier. Scharf said the company has enhanced its credit card products over the past five years and improved customer experience, but noted that rapid growth in the business carries near-term profitability pressure because of upfront costs tied to marketing, promotional rates, onboarding and reserves. Auto lending also expanded, with originations rising 41% year over year and average balances up 31%. Scharf said growth was partly due to Wells Fargo becoming the preferred financing provider for Volkswagen and Audi vehicles in the U.S., adding that credit performance has remained in line with expectations. In Wealth and Investment Management, revenue increased 13%. Client assets rose 15% to more than $2.4 trillion, driven by higher market valuations and four consecutive quarters of positive net flows. Scharf said Wells Fargo has invested more than $1 billion in recent years to modernize the unit’s technology platform, including the second-quarter launch of Advisor Gateway, a desktop platform with generative AI capabilities. Investment Banking and Markets Drive CIB Results Corporate and Investment Banking revenue rose 16% from a year earlier. Scharf said markets revenue grew 24%, aided by balance sheet growth to support client financing activity. He noted that while this activity can lower net interest margin because it carries lower spreads, it has “good returns and profitability” and can support broader client relationships. Santomassimo said Wells Fargo has increased its markets balance sheet by $198 billion since the end of 2024, with about 60% in financing balances, 20% in trading and 20% in lending within the business. He said the company is tracking client-level results and is seeing additional business from clients receiving incremental financing. Banking revenue within Corporate and Investment Banking rose 20%, supported by investment banking fees and activity in equity and debt capital markets. Santomassimo said firmwide investment banking fees exceeded $900 million in the quarter, a record. Scharf highlighted Wells Fargo’s year-to-date leveraged finance market share of 7.2%, its No. 3 ranking in that category, a 3.8% share in equity capital markets and a move from No. 9 to No. 4 among U.S. advisors by announced M&A deal volume. Commercial Banking revenue increased 6% from a year earlier. Scharf said targeted hiring in 20 high-density markets where Wells Fargo is under-penetrated has helped drive client growth and higher loan and deposit balances. He also said the company is investing in treasury management and payments, including blockchain-based payment rails intended to make cross-border payments faster, more transparent and more predictable. Expenses, Headcount and Capital Returns Expenses increased 2% from a year earlier, reflecting investments in technology, advertising and revenue-related compensation, partially offset by efficiency initiatives. Santomassimo said Wells Fargo’s efficiency ratio improved to 60%, down four percentage points from a year earlier. Scharf said headcount has declined for 24 consecutive quarters. The company ended the second quarter with 197,000 employees, down 79,000 from six years ago, 15,000 from last year and 3,500 from the prior quarter. He said Wells Fargo is using those efficiencies to fund investments including branch bankers, investment advisors, commercial banking relationship managers, investment bankers, traders, marketing, product development, AI and cybersecurity. Wells Fargo returned more than $9.8 billion of capital to shareholders in the first half of 2026, including $7 billion of common stock repurchases. Santomassimo said the company repurchased $3 billion of common stock in the second quarter, and common shares outstanding declined 6% from a year earlier. The company’s common equity Tier 1 ratio was 10.3%, within its 10% to 10.5% target range and above its regulatory minimum plus buffers of 8.5%. Scharf said Wells Fargo expects to raise its third-quarter common stock dividend by 11% to $0.50 per share, subject to board approval later this month. Credit Quality Remains Strong Executives said credit performance remained strong across consumer and commercial portfolios. Santomassimo said the net loan charge-off ratio declined 10 basis points from a year earlier to 34 basis points of average loans. Commercial net loan charge-offs declined to 10 basis points, while consumer loan charge-offs also improved, including continued net recoveries in residential mortgage. During the question-and-answer session, Santomassimo said consumer delinquency trends have been better than the company modeled throughout the year, with no meaningful deterioration by FICO score or income cohort. He also said Wells Fargo is not seeing systemic issues in the commercial portfolio, though individual borrower issues can arise. Asked about underwriting conditions, Scharf said consumer lending competition appears broadly consistent, but he described wholesale lending as more varied. He said significant capital is being deployed by banks and non-banks across risk assets, including areas related to data centers and strategic transactions. Scharf said Wells Fargo is staying within its risk tolerances and underwriting only the parts of transactions where it is comfortable with the credit profile. Outlook Maintained as NIM Remains in Focus Santomassimo said Wells Fargo is maintaining its full-year 2026 net interest income outlook of approximately $50 billion, including about $48 billion excluding markets and about $2 billion from markets. He said average loans rose 12% year over year in the second quarter, and loan growth in the fourth quarter is likely to exceed the mid-single-digit increase the company assumed in January. Net interest margin declined four basis points from the first quarter, which Santomassimo attributed mainly to growth in interest-bearing deposits and continued growth in markets activity. He said Wells Fargo expects modest net interest margin compression in the third quarter, broadly in line with the second-quarter decline, before stabilization in the fourth quarter. In response to analyst questions, Scharf emphasized that the pressure on net interest margin is tied to deliberate growth decisions, particularly in markets financing and interest-bearing deposit growth, rather than factors simply “happening” to the company. He said Wells Fargo can slow or reverse some activity if it does not generate the expected returns, but added that early results show higher trading revenue and share gains from clients receiving financing. Wells Fargo also maintained its 2026 non-interest expense outlook of approximately $55.7 billion. Santomassimo said first-half expenses were in line with expectations, and higher revenue-related expenses in the second half are expected to be offset by efficiency initiatives elsewhere. Scharf reiterated confidence in Wells Fargo’s medium-term target of a sustainable return on tangible common equity of 17% to 18%. The company reported ROTCE of 17.7% in the second quarter and 16.1% for the first half of 2026. Scharf said venture capital equity gains helped returns in the quarter, but he said broader growth and efficiency trends are what support confidence in
This Healthcare Giant Still Checks Every Box for Long-Term Investors
Q1 2026 was the catalyst: revenue of $24.06 billion beat consensus by 1.89%, adjusted EPS of $2.70 extended the beat streak to four, and management raised full-year guidance to $100.30 billion to $101.30 billion in revenue with adjusted EPS of $11.45 to $11.65. JNJ has rallied 67.04% over the past year and 25.56% year to date, trading near its 52-week high of $269.43. Q1 2026 was the catalyst: revenue of $24.06 billion beat consensus by 1.89%, adjusted EPS of $2.70 extended the beat streak to four, and management raised full-year guidance to $100.30 billion to $101.30 billion in revenue with adjusted EPS of $11.45 to $11.65. Our bull scenario puts JNJ at $291.38 in twelve months. Three catalysts drive it. First, ICOTYDE, the first oral IL-23 for psoriasis, which CEO Joaquin Duato said "could be one of our largest products ever" after 1,500 patient prescriptions in the first weeks post-launch. Second, TREMFYA is tracking to peak sales above $10 billion, with RYBREVANT/LAZCLUZE growing 82.7% and CARVYKTI up 62.1%. Third, MedTech growth accelerates as OTTAVA and MONARCH robotics both launch by year-end 2026. Polymarket traders are pricing a 92.5% probability JNJ beats Q2 earnings. Our bear scenario drops JNJ to $235.74, a downside of -8.26%. STELARA fell 59.7% in Q1 as biosimilars eroded Innovative Medicine growth, and Q1 net income dropped 52.4% on litigation charges of $330 million. Bulls counter that adjusted EPS still beat, free cash flow guidance sits at roughly $21 billion, and STELARA erosion was fully baked into the raised outlook. The Orthopaedics spin carries execution risk, and a PEG ratio of 4.94 leaves little forgiveness on a growth miss. Merck (NYSE:MRK) is the cleanest comparison on oncology franchise concentration. Merck's 2026 EPS guide of $5.04 to $5.16 reflects heavier one-time charges from the $9 billion Cidara deal, and KEYTRUDA at $7.91 billion in Q1 represents concentrated patent-cliff risk that JNJ's 28 billion-dollar brands do not carry. Pfizer (NYSE:PFE) shows the valuation contrast. Pfizer trades at a trailing P/E of 18 with a 7.09% dividend yield, reflecting COVID-cliff and Eliquis loss-of-exclusivity concerns. JNJ trades at a forward P/E of 22 with a 2.01% yield. JNJ is delivering accelerating 9.91% revenue growth while Pfizer's 2026 revenue is guided flat. Our $278.53 target looks reasonable against this peer set. Extending the model forward using JNJ's guide to double-digit growth by decade-end, our 5-year base case reaches $353.01, a 37.37% total return. Year 24/7 Wall St. Price Target 2026 $278 2027 $298 2028 $318 2029 $335 2030 $353
TL, LTL rates to hit new highs in Q3
Truckload rates hit a cycle high during the second quarter and are expected to step higher in the third quarter. Capacity constraints and a surge in diesel fuel prices pushed the TL rate-per-mile component of the TD Cowen-AFS Freight Index to a 14-quarter high. The second-quarter rate-per-mile reading came in 16% above the January 2018 baseline. That was up 6.6 percentage points from the first quarter and 10.1 points higher year over year. The index is expected to increase to a level that is 17.7% above the baseline in the third quarter. That would be 11.7 points higher y/y. A steady drumbeat of contractual rate increases along with higher fuel prices pushed the LTL rate-per-pound component of the index to an all-time high in the second quarter. Large public carriers are also taking general rate increases earlier in the year given favorable market fundamentals. The index stood 76.5% above the 2018 baseline in the second quarter. That was 9.6 points higher sequentially and 13.3 points higher than the year-ago level. Fuel surcharges captured by the dataset were more than 60% above the June 2025 benchmark during the period, as retail diesel prices were 51% higher y/y. The index is expected to increase 30 basis points sequentially in the third quarter, which would be nearly 10 points higher y/y.
Watches of Switzerland Group Eyes U.S., Pre-Owned Growth as UK Stabilizes
$1.24 billion in sales in FY 2026, after the group entered the market in 2017. He said the U.S. represented 51% of group sales in FY 2026, compared with 24% in FY 2019. Over that period, group sales grew at a compound annual growth rate of 13.1%, with the U.S. growing at 26.4% and the U.K. at 6.3%, according to Duffy. Duffy said pre-owned watches have grown from 1.6% of group sales in FY 2019 to 8.3% in FY 2026. He said 77% of pre-owned clients are new to the group, expanding the company's customer base. Bolton said lab-grown diamonds, launched in November 2025, have become the company's fastest-growing and most productive jewelry category in the U.K., attracting younger clients and generating more than 80% of sales from new demand. Romberg said Roberto Coin delivered an approximately 20% EBIT margin in FY 2026, even after a GBP 3.5 million bad debt write-off, and is expected to support group margin expansion. He said U.K. e-commerce is close to 10% of revenue and profitable, while U.S. e-commerce was less than 2% of sales in FY 2026 but is growing materially ahead of the broader business after recent investment.
Down More Than 30% This Year, This Stock is a Buy In The Dip
Q1 2026 delivered record loan originations of $12.18 billion, up 68% YoY, revenue of $1.10 billion, and net income of $166.73 million, up 134% YoY. The plan calls for adjusted EPS CAGR of 38% to 42% through 2028. These projections assume SoFi hits its 30%+ revenue CAGR and 38% to 42% EPS CAGR through 2028.
$52,000 Tax Trap Hits Retirees Who Delay Social Security to 70
A couple collecting $124,344 in combined Social Security plus $80,000 in 401(k) withdrawals can face roughly $52,000 in extra taxes over five years. A $44,000 provisional income threshold frozen since 1984 forces 85% of this couple's Social Security into taxable income, driving a $22,870 federal tax bill. Once a married couple's provisional income—adjusted gross income (AGI), plus tax-exempt interest, plus half of their Social Security benefits—exceeds $44,000, the IRS formula can make up to 85% of those benefits taxable. In this example, provisional income is about $142,172, so approximately $105,692 (85% of the couple's Social Security benefits) becomes taxable income. Because the $44,000 threshold has never been indexed for inflation, each annual cost-of-living adjustment (COLA)—including the projected 2.8% increase for 2026—pushes more retirees into paying tax on a larger share of their benefits. Even after those deductions, taxable income is about $150,192, placing the highest dollars in the 22% federal tax bracket, which begins at $100,800 for joint filers in 2026. The resulting federal income tax is approximately $22,870.
3 reasons why Netflix shares are down 20% in 2026
On engagement, the bank noted Netflix's own reporting shows total viewing hours per subscriber "has been declining on a Y/Y basis," a trend bears argue is confirmed by Netflix's more active M&A posture and guidance for increased 2026 content spend.
Altria (MO) Stock Looks Cheap Even As Risks Stay In View
Over the last 5 years, Altria Group has returned 126.1%. This means anyone looking at the stock now is assessing valuation after a strong multi year run rather than from a depressed base. Altria's efforts to grow smoke free nicotine products alongside its established tobacco portfolio can support future cash flows, while ongoing declines in traditional cigarette volumes and regulatory pressure remain a key risk to how much value the market is willing to assign. The stock screens as undervalued on both the Discounted Cash Flow (DCF) intrinsic value estimate, which indicates a 45.6% discount to that estimate, and on earnings based multiples. However, its broader valuation checks are mixed, with Altria Group passing 4 of 6 tests, a score of 4/6, rather than pointing to an across the board bargain. The stock's next move may depend on whether the current discount reflects genuine mispricing or simply the market's view of long term risks to Altria Group's cash flows and dividend profile. That compares to a current share price that implies a 45.6% discount to the DCF estimate. This points to Altria Group stock screening as undervalued on this model. On this cash flow view, Altria Group stock looks undervalued relative to what its projected free cash generation would support. P/E is a useful yardstick for Altria Group because earnings and dividends are central to how many investors look at this stock. Altria trades on a P/E of about 14.9x, compared with a Tobacco industry average of roughly 11.8x and a broader peer average of 26.2x. The tailored fair P/E ratio for Altria, which factors in its margins, size and risk profile, is around 20.2x. Set against the current 14.9x, that indicates the market prices the stock at a discount to what this framework suggests could be reasonable, even after accounting for regulatory and volume headwinds tied to tobacco and smoke free products. On the P/E multiple, Altria Group stock appears undervalued relative to the earnings level this model would typically support.
Jefferies Raises Airbnb to $175 as Product Changes Drive Booking Growth
Jefferies cited product improvements including Reserve Now Pay Later, simplified fees, and more flexible cancellation policies as driving a 4% tailwind to bookings in Q1 FY2026, alongside incremental demand from the FIFA World Cup and a hotels segment growing at more than twice the rate of the overall business. Web traffic data underpins the bullish case. Jefferies noted Airbnb's site traffic accelerated from 2% year-on-year growth in Q4 FY2025 to 8% in Q1 FY2026 and 15% in Q2 FY2026, suggesting Q2 booking activity may have been more positive than management's guidance for a slight deceleration in nights growth. Airbnb raised its FY2026 EBITDA margin guidance from stable year-on-year at 35% to at least 35%, and the company has averaged 150 basis points of upside to its initial EBITDA margin guidance across FY2023 through FY2025.
LOW Paid Holders $47 Bil While The Stock Went Nowhere
Over the last five years, home improvement retailer Lowe’s Companies (LOW) handed shareholders $47 Bil in cash, an amount equal to 41% of its entire current market value. The engine is the core business, which generated $88.44 billion in revenue over the last twelve months. From that, Lowe’s returned its large cash pile to owners primarily through stock buybacks, with $35 Bil spent on share repurchases and another $12 Bil paid out as dividends. This isn’t a business in decline; it delivered positive comparable sales for the fourth consecutive quarter. Management credits the performance to its “Total Home strategy,” which focuses on building out areas of the business that can perform even in a tough housing market. The company cites “continued strength in Pro, Appliances, Online and Home Services” as key drivers. Its online channel has been a particular bright spot, where the company delivered sales growth of 15.5% in its most recent quarter. The payouts did not come close to bridging that gap. Management is direct about the pressure on its core do-it-yourself customer, stating that “DIY demand remains under pressure” in a “challenging housing environment.” This weakness is concentrated in big-ticket discretionary projects, which make up about one-third of the business. The company’s 3-year average annual revenue growth is -2.4%, reflecting this strain. The company recently affirmed its full year 2026 outlook, setting a clear benchmark for investors. For those who prefer to own the theme of consumer spending more broadly, a consumer discretionary ETF like XLY offers diversified exposure. Hitting the midpoint of that range would signal that its strategic initiatives are successfully offsetting the drag from cautious consumers. It is the single most important measure of whether the cash machine can keep running.
American Tower (AMT): Goldman Sachs Starts Coverage With a Buy and a $215 Target
According to Goldman, a key part of the bullish case ties back to the resolution of the EchoStar contract dispute, through which American Tower removed roughly 2% of its consolidated property revenue and about 4% of its US and Canada property revenue from its 2026 outlook. This effectively cleared away a major uncertainty that had been hanging over the stock, the firm stated. With that overhang resolved, Goldman believes American Tower is well positioned to deliver mid-to-high-single-digit AFFO per share growth over the medium term. The growth will be supported by steady domestic leasing activity, faster-growing international operations, and an accelerating data center segment.
Global REITs or U.S. Only: Which iShares ETF Is the Better Buy, REET or ICF?
REET spreads across more than 300 global REITs spanning developed and emerging markets, delivering broader diversification and a higher yield at a lower cost than ICF. ICF concentrates in just 34 of the largest U.S. REITs. That tight focus has delivered stronger five-year returns than REET, reflecting the dominance of domestic commercial real estate during that period. For investors who already hold significant U.S. real estate exposure, REET's global reach and lower cost make it the more practical addition. ICF is better for those who want pure, concentrated domestic REIT exposure and are prepared to pay a premium for it. For most long-term investors, REET's combination of lower cost, higher yield, and broader diversification makes it the stronger starting point. REET is significantly more affordable with an expense ratio of 0.14%, compared to 0.32% for ICF. iShares Global REIT ETF also currently offers a higher payout, with a distribution yield of 3.3% versus 2.4% for ICF. iShares Select U.S. REIT ETF has paid $1.66 per share over the trailing 12 months, which on its recent ~$68.20 share price works out to a 2.4% yield. iShares Global REIT ETF has paid $0.93 per share over the trailing 12 months, which on its recent ~$27.81 share price works out to a 3.3% yield.
Verizon (VZ) Stock Looks Like A Bargain On Earnings While Returns Stay Strong
Over the past three years, Verizon Communications has returned 60.9%, which puts more focus on whether the recent share price now reflects its fundamentals. One of the top community narratives on Verizon Communications: 18% undervalued "Digital transformation among enterprises and increased remote work are sustaining strong demand for Verizon's private network and AI-enabled connectivity solutions, with an expanding $2b+ sales funnel and landmark deals indicating growing adoption of advanced use cases like edge computing..." Verizon Communications currently screens as undervalued on market multiples, with the tailored P/E benchmark suggesting more earnings are being discounted than the sector backdrop alone would imply.
Goldman Sachs Says the Crowd Is Wrong on This Beaten-Down Medical Robotics Giant
Intuitive Surgical's recent headwinds include lower-than-expected margins tied to the rollout of the da Vinci 5, the latest version of its famous robotic-assisted surgery (RAS) system, launched in 2024. The da Vinci 5 has experienced strong adoption, but it comes with lower margins than previous versions. The result could be a much larger installed base and stronger, higher-margin recurring revenue from the sale of instruments and accessories. Intuitive Surgical still has a large addressable market in the RAS industry.
Why Did Banking Stocks GS, JPM, BAC Surge To 52-Week Highs Today?
Goldman Sachs posted quarterly revenue of $20.98 billion, significantly higher than Wall Street's $16.4 billion estimate, according to Koyfin data. The investment bank also reported earnings of $15.91 per share, ahead of the $14.40 consensus estimate, while net income reached a record $6.32 billion for the quarter. The bank posted revenue of $57.35 billion versus a consensus estimate of $51.3 billion, while earnings per share (EPS) came in at $7.70 per share versus an expectation of $ 5.80 per share, based on Fiscal.ai data. JPMorgan delivered its strongest trading quarter on record, with trading revenue jumping 35% year over year to $12.1 billion. Investment banking fees climbed 30% from a year earlier to $3.3 billion, marking their highest level since 2021, while net interest income rose 10% year over year to $25.6 billion. The bank reported revenue of $31.6 billion, ahead of analyst estimates of $30.7 billion. Meanwhile, earnings per share (EPS) came in at $1.21, beating expectations of $1.13 EPS.
McDonald's Falls Into Bear Market, Heads For Fifth Straight Monthly Loss Amid Turnaround Concerns
McDonald's Corp.(MCD) has entered bear market territory after its shares fell more than 20% from their March record high, highlighting growing investor concerns about slowing consumer spending and mounting pressure on the fast-food giant's profitability. According to data highlighted by Barchart, on Tuesday, McDonald’s entered a bear market after its shares fell 1.35% to close at $268.94, extending a months-long decline. The stock has dropped more than 20% from its March record high of $337. The firm said it revised its forecasts after lowering expectations for U.S. same-store sales growth. McDonald's is expected to report its fiscal second-quarter earnings on August 4 with analysts seeing a $7.1 billion in revenue and earnings of $3.34 per share, according to Fiscal AI data.
C Q2 Earnings Call Focuses on Pulling Growth Forward
Citi reported revenue of $24.77 billion and EPS of $3.15, both ahead of the Zacks Consensus Estimate of $23.68 billion and $2.72, respectively. Fraser also pointed to capital return as a sign of confidence. Citi plans to raise its dividend by 12% and launched a $30 billion common stock repurchase program, with $4 billion bought back during the quarter and about $5 billion returned through buybacks and dividends overall. Management highlighted that Services posted its highest quarterly revenue ever, with revenue up 18% and RoTCE above 30%. Fraser and CFO Gonzalo Luchetti both tied that performance to deeper client relationships, operating deposit growth and continued demand for cross-border capabilities. Markets also remained a major contributor. Revenue rose 17%, with Equities up 45% and prime balances up nearly 60%, while Fixed Income benefited from strength in foreign exchange, spread products and commodities. Banking and Wealth added to the breadth story. Banking revenue climbed 34%, helped by a 44% jump in investment banking revenue, while Wealth revenue rose 13% for a ninth straight quarter as client investment assets grew 14% and net new investment assets strengthened. He also reaffirmed the full-year efficiency ratio target of around 60%, NII excluding Markets growth of about 5% to 6%, and a total U.S. credit card net credit loss rate of 4% to 4.5%. Luchetti said expenses are expected to grow faster than revenue for the next few quarters as Citi invests in engagement and acquisitions. He stressed that the bank is comfortable doing so because Cards is a high-returning business, with second-quarter RoTCE at 22%.
Can Uber (UBER) Keep Growing as Robotaxis Expand? Wells Fargo Thinks So
While investors remain focused on the potential impact of autonomous vehicle adoption, Wells Fargo believes Uber can sustain solid double-digit growth in U.S. mobility volumes through 2027 even as autonomous ride-hailing competitors expand their fleets. Earlier, on June 24, Uber Technologies, Inc. (NYSE:UBER) announced the addition of several new retail partners to its Uber Eats marketplace, further expanding its on-demand commerce ecosystem.
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Main Street Capital Just Raised Its Monthly Dividend Again. Is the 8% Yield Safe as Earnings Soften?
Main Street Capital (NYSE: MAIN) will make its latest monthly dividend payment this week. That payment will be 1.9% above last month's level (and 3.9% higher than the year-ago payment). It's the 12th dividend increase since the end of 2021. The BDC generated $90.8 million in distributable net investment income (DNII), or $1.00 per share. DNII is a good proxy for the dividends the company can afford to pay. Main Street Capital reported its first-quarter earnings in early May. The concern with that number is two-fold. DNII is down from $1.09 per share in the fourth quarter and $1.02 per share in the year-ago period. That's due to higher total expenses and the impact of a 2.2% increase in its weighted-average shares outstanding resulting from equity issuances, dividend reinvestment plans, and equity compensation plans, partially offset by higher total investment income. Main Street Capital has a unique dividend policy among BDCs. It set its monthly dividend payment at a level it can sustain. At the current level, the payment adds up to $0.795 per share each quarter, comfortably below its DNII.
JPMorgan beats estimates on strong banking fees
Earnings per share of $7.70 beat the consensus estimate of $5.55. Revenue reached $57.35 billion, surpassing the $50.61 billion estimate and marking a 28% increase from $44.91 billion in the same quarter last year. The reported earnings per share of $7.70 included significant items totaling $1.56 per share, consisting of a $4.6 billion net gain related to Visa shares and $1.0 billion in gains on certain equity investments. Excluding these items, net income was $16.9 billion, up 13% from the prior year. The bank's strong performance was driven by elevated market activity across its businesses, with each line of business achieving record revenue. Markets revenue surged 35% to $12.1 billion, with Equity Markets revenue jumping 86% due to strong client activity and trading performance. Investment Banking fees increased 30% to $3.3 billion, reaching the highest level since 2021. The Corporate & Investment Bank generated revenue of $24.9 billion, up 27% from the prior year. Consumer & Community Banking revenue rose 8% to $20.3 billion, while Asset & Wealth Management revenue increased 19% to $6.9 billion. Assets under management reached $5.1 trillion, up 18% YoY.
Wells Fargo climbs premarket after strong Q2 earnings beat
The bank posted earnings per share of $2.00, well above the $1.72 analysts had forecast, on revenue of $22.62 billion versus a $21.87 billion consensus estimate. Interest income rose about 5% from a year earlier, while Markets revenue surged roughly 24%. Corporate and Investment Banking revenue grew 16%, and Wealth and Investment Management rose 13%, with the company saying all operating segments delivered strong growth. Total expenses rose just 2%, with non-revenue-related expenses down year-over-year, which Wells Fargo said drove positive operating leverage.
Wells Fargo Q2 2026 earnings beat on wealth, investment banking
Wells Fargo $WFC reported second-quarter net income of $6.4 billion, or $2.00 per diluted share, up 17% from $5.49 billion, or $1.60 per share, a year earlier. Total revenue rose 9% to $22.6 billion. Noninterest income climbed 13% to $10.3 billion, topping the $9.44 billion average analyst estimate, according to Bloomberg. Net interest income rose 5% to $12.3 billion, in line with analyst expectations. Investment banking fees reached $939 million, a 35% increase from a year earlier, with debt and equity underwriting both contributing to the gain. Average loans across the company rose 12% from a year ago to $1.03 trillion, and average deposits grew 10% to $1.47 trillion. Net loan charge-offs declined to 0.34% of average total loans on an annualized basis, down from 0.44% a year earlier. Return on tangible common equity rose to 17.7% from 15.2% a year ago. Wells Fargo repurchased $3.0 billion of common stock during the quarter and said it plans to raise its third-quarter dividend to $0.50 per share from $0.45, pending board approval.
IBM forecasts preliminary Q2 revenue below estimates as spending shifts to AI
IBM's preliminary second-quarter revenue forecast came below Wall Street estimate on Tuesday, as customers prioritized spending on AI infrastructure, including servers, storage and memory purchases, sending its shares slumping 17% in premarket trading. The results reflect an industry-wide shift in technology spending toward AI infrastructure, reducing budgets for traditional software. According to the preliminary results, the company expects revenue of $17.2 billion during the quarter, compared with analysts' estimate of $17.86 billion, according to data compiled by LSEG. Adjusted earnings per share is expected to be $2.93, compared with the estimate of $3.02.
Bank of America Q2 2026 earnings: record equities trading, profit jumps
Bank of America reported second-quarter net income of $9.1 billion, up 27% from a year earlier, as a record quarter for its stock-trading desk and a rebound in dealmaking drove revenue to $31.6 billion, up 15%. Diluted earnings per share came in at $1.21, up 34% from the year-ago quarter. Analysts had expected earnings per share of $1.13 and revenue of $30.8 billion, according to Barron's. The bank's Global Markets division was the standout performer. Equities trading revenue surged 70% to $3.6 billion, with the bank citing robust client activity and gains in both derivatives and cash products. Fixed-income, currencies and commodities revenue rose 9% to $3.5 billion. Combined, total sales and trading revenue reached $7.1 billion, up 33% year over year, marking the 17th consecutive quarter of year-over-year growth. Investment banking also contributed to the quarter's strength. Total investment banking fees, excluding self-led deals, rose 50% to $2.1 billion, reflecting gains across debt underwriting, advisory and equity underwriting, the company said. Net interest income, which captures the spread between what the bank collects on loans and what it pays out to depositors, increased 9% to $16 billion. "Every business segment reported double digit net income growth and strong returns on equity," Chief Executive Officer Brian Moynihan said in a statement. "Near-term, pipelines remain strong, and commercial borrowing has picked up." All four of the bank's business segments posted higher net income. Consumer Banking earned $3.3 billion, up from $3.0 billion a year earlier, on revenue of $11.3 billion. Global Wealth and Investment Management posted net income of $1.4 billion on revenue of $6.9 billion, up 16%, as client balances reached $4.9 trillion. Global Banking earned $2.0 billion, and Global Markets contributed $2.6 billion. Credit quality continued to improve. The provision for credit losses fell to $1.4 billion from $1.6 billion in the second quarter of 2025, and the net charge-off ratio dropped to 0.47% from 0.55% a year earlier, the company said. The bank returned $8 billion to shareholders during the quarter through dividends and stock repurchases. Book value per common share rose 7% to $39.34.
Bank of America tops estimates as earnings rise 34%
Adjusted earnings per share of $1.21 compared to the consensus estimate of $1.12. Revenue reached $31.6 billion, beating the analyst estimate of $30.67 billion and up 15% from $27.4 billion in the same quarter last year. The bank's net income rose 27% YoY to $9.1 billion from $7.2 billion in the second quarter of 2025. Net interest income increased 9% YoY to $16.0 billion, driven by higher net interest income related to Global Markets activity, higher loan and deposit balances, and fixed-rate asset repricing, partially offset by the impact of lower interest rates. Investment banking fees surged 50% YoY to $2.1 billion, while sales and trading revenue climbed 33% to $7.1 billion. Average deposit balances grew to $2.02 trillion, marking the 12th consecutive quarter of sequential average growth. Average loans and leases increased 8% to $1.22 trillion, representing the ninth consecutive quarter of sequential average growth. The provision for credit losses decreased to $1.4 billion from $1.6 billion in the second quarter of 2025. Noninterest expense rose 8% to $18.6 billion, driven equally by revenue-related expenses and investments in people, brand and technology. The efficiency ratio improved 359 basis points to 59%, while operating leverage reached 6.6%.
AEON Biopharma prices $13.75M offering with milestone warrants
AEON Biopharma (AEON) announced on Tuesday the pricing of its underwritten public offering to raise up to approximately $43.3M in gross proceeds based on the approximately $13.75M in expected gross proceeds from the offering and up to an additional $29.6M in potential
Spero gets ex-China rights to Innovent’s antibody therapy for up to $1.1B
Spero Therapeutics (SPRO) shares gained in the premarket on Tuesday after the company announced a $105M financing deal with Healthcare Royalty (HCRX) and inked a licensing deal worth up to $1.1B with Innovent Biologics (IVBIY).
Norwegian Air Shuttle ASA (NWARF) Q2 2026 Earnings Call Transcript
We delivered NOK 213 million in EBIT. The traffic numbers, number of passengers is growing, especially with Widerøe, where Widerøe had a record month historically with more than 400,000 passengers in a month. We also lost a so-called EU ETS case, and we are booking a loss of NOK 733 million in the quarter.
SS Innovations appoints Sarah M. Romano as CFO
SS Innovations International (SSII) announced on Tuesday the appointment of Sarah M. Romano as chief financial officer, effective August 3, 2026.
QTREX secures commercial order for shielded RF monolithic components
QTREX Quantum (QTEX) announced on Tuesday that it has received a commercial purchase order from a leading international government-owned company for customized proprietary Shielded RF Monolithic components.
Zoetis to acquire VitalRADS, a provider of veterinary imaging services
Animal health company Zoetis (ZTS) on Tuesday announced an agreement to acquire VitalRADS, a Texas-based provider of veterinary imaging services.
JPMorgan crushes estimates as trading revenue nearly doubles
JPMorgan Chase & Co (NYSE:JPM, XETRA:CMC) reported second-quarter profit and revenue that topped Wall Street expectations, as strength in investment banking and trading fees drove a 41% jump in net income. The bank posted net income of $21.2 billion, with earnings per share of $7.70 topping the $5.72 estimate. Revenue rose 27% to $58.02 billion, well above the $51.39 billion forecast. Loans totaled $1.54 trillion and deposits $2.71 trillion, both ahead of estimates, while assets under management rose 18% to $5.1 trillion. JPMorgan declared a $1.50 per share dividend, repurchased $6.2 billion of stock net of issuances, and authorized a new $50 billion buyback program. The bank raised its full-year 2026 outlook, lifting its NII ex-Markets forecast to $96.5 billion from $95 billion and its adjusted expense outlook to $107.5 billion from $105 billion, while lowering its Card Services net charge-off rate outlook to 3.2% from 3.4%.
Goldman Sachs Q2 earnings beat driven by strength in trading and investment banking
Goldman Sachs reported net earnings of $6.63 billion, or $20.98 per diluted share, compared with consensus estimates of $14.48 per share. Net revenue rose 39% from a year earlier to $20.34 billion, ahead of analysts' expectations of $16.13 billion. The bank generated an annualized return on average common shareholders' equity of 23.5% during the quarter. Global Banking & Markets revenue increased 53% year over year to $15.52 billion. Investment banking fees rose 55% to $3.40 billion, reflecting stronger equity underwriting, debt underwriting and advisory activity. Fixed Income, Currency and Commodities (FICC) revenue rose 32% to $4.59 billion, supported by higher activity in interest rate products, commodities and mortgages, while equities revenue climbed 72% to a record $7.42 billion on stronger derivatives, cash equities and prime financing activity. Asset & Wealth Management revenue increased 20% to $4.60 billion, helped by higher management fees as assets under supervision grew and stronger gains from private equity investments. Provision for credit losses fell to $102 million from $384 million a year earlier. Book value per common share increased 1.8% during the quarter to $367.67, while the bank announced it will raise its quarterly dividend to $5 per common share in the third quarter. The analysts also pointed to a lower-than-expected compensation ratio, an increase in the investment banking backlog, stronger-than-expected share repurchases of $4.0 billion and an efficiency ratio of 57.4%, below the firm's long-term target of 60%.
A Dividend Portfolio That Can Cover the Cost of Living in San Francisco
The Sleep-at-Night Tier: About 3.5% Yield, Roughly $3.86 Million $135,000 divided by 0.035 works out to about $3.86 million. This bucket leans on regulated utilities and dividend-growth companies that pay less today but have a clearer path to raising payouts over time. The Middle Path: About 6% Yield, Roughly $2.25 Million $135,000 divided by 0.06 equals $2,250,000. This tier trades some growth for a much smaller capital requirement, using net-lease REITs and high-yield equities. The Tempting Math: About 10% Yield, Roughly $1.35 Million $135,000 divided by 0.10 equals $1,350,000. Cut the capital requirement to about a third of the conservative tier and pocket the difference. That is the pitch, and BDC math makes it look real on paper. Ares Capital (NASDAQ:ARCC) yields around 10.4% on its $0.48 quarterly dividend, backed by $6.0 billion in liquidity and a 10.3% weighted-average yield on debt investments. Realty Income (NYSE:O) yields about 5.1% near $62, pays monthly, and just declared its 114th consecutive quarterly dividend increase. Portfolio occupancy of 98.9% and 2026 AFFO guidance of $4.41 to $4.44 gives comfortable coverage on the current $3.246 annualized payout. Verizon (NYSE:VZ) yields about 6.3% at $42. Free cash flow guidance north of $21.5 billion and adjusted EPS guidance of $4.95 to $4.99 make coverage credible, though dividend growth here is a fraction of what Johnson & Johnson delivers. Duke Energy (NYSE:DUK) pays $1.065 quarterly, about $4.26 annualized, against a share price near $126. That is roughly a 3.4% yield backed by a regulated franchise and 5-7% EPS growth guidance through 2030. Johnson & Johnson (NYSE:JNJ) yields only about 2%, but its 64th consecutive annual raise lifted the quarterly dividend from $1.30 to $1.34 this spring. The payout has roughly doubled every decade, which is why it earns a heavy weight in the conservative tier despite the modest starting yield. Main Street Capital pairs a $0.265 monthly regular dividend for the third quarter of 2026 with a $0.30 supplemental dividend payable in June, its 19th consecutive quarterly supplemental. At a recent share price near $52, that payout profile produces a high-single-digit forward yield if supplemental dividends continue. The Consumer Price Index for All Urban Consumers was up 4.2% over the 12 months ended May 2026, and San Francisco-area prices already sit well above the national average. In a decade at 3% inflation, $135,000 of purchasing power costs closer to $181,000 in nominal dollars. A 3.5% yield growing 6% a year gets there. A flat 10% yield does not. Advisor.com's free matching tool pairs you with vetted fiduciaries from major national firms, all in under three minutes. See who you match with today. Most Americans suspect they're behind on retirement and never find out. Advisor.com's free matching tool pairs you in about three minutes with a vetted fiduciary advisor who can help you with investing, taxes, retirement, estate planning, and more. No minimums. No sales call. Find out where you stand.
Middle East crisis: fertiliser trade “severely disrupted”, WTO says
The conflict in the Middle East has "severely disrupted" global fertiliser trade, heightening risks for wider food security, a World Trade Organization report has said. According to the report, fertiliser-related outbound shipments through the Strait of Hormuz to destinations beyond the Persian Gulf fell to a "standstill" after the conflict began and have stayed "close to zero" ever since. The levels remain below the peaks seen in 2022 after the Ukraine war began, when urea briefly topped $900/mt, DAP neared $960/mt and potash exceeded $1,200/mt. Such measures may affect up to 15% of world fertiliser exports, rising to 23.3% if the closure is treated as effectively restricting all Gulf fertiliser shipments, the WTO said.
SPYI vs. JEPI: Which Monthly ‘Paycheck’ ETF Actually Wins When the Market Gets Ugly?
The NEOS S&P 500 High Income ETF (BATS:SPYI) crossed roughly $10 billion in assets under management in June. SPYI's recent monthly checks annualize to roughly 12%, a full step above JEPI's high single digits. SPYI paid $0.5309 in January, $0.5219 in February, $0.5104 in March, $0.5247 in April, $0.5353 in May, and $0.531 in June, a tight band that lets a retiree budget without spreadsheet gymnastics. JEPI, by contrast, ran $0.34443 in February, $0.35134 in March, $0.4205 in April, $0.44761 in May, then back down to $0.38921 in June and $0.38716 in July.
Elevance Health Q2 2026 Earnings Preview
Elevance Health (ELV) is scheduled to announce Q2 earnings results on Wednesday, July 15th, before market open. The consensus EPS Estimate is $6.21 (-29.8% Y/Y) and the consensus Revenue Estimate is $48.63B (-1.6% Y/Y).
Citigroup Q2 2026 earnings beat every analyst estimate
$5.8 billion, or $3.15 per diluted share, clearing every analyst estimate on the strength of record equity-trading results and a sharp jump in investment banking fees that pushed quarterly revenue to its highest point in ten years. Earnings per share of $3.15 exceeded all 20 analyst estimates compiled by Bloomberg. Analysts on average expected a profit of $2.74 per share, according to Reuters. Total revenue reached $24.8 billion, up 14% from a year earlier. Net income rose 45% from $4.0 billion in the second quarter of 2025. Equities trading revenue reached $2.3 billion, a 45% year-over-year increase, with prime balances up nearly 60%, the company said. Fixed-income trading revenue advanced 7% to $4.7 billion, with spread products and other fixed-income categories contributing a 25% gain, partly offset by a more modest 1% rise in rates and currencies. Investment banking revenue grew 44% to $1.55 billion, with equity capital markets surging 92% and debt capital markets climbing 65%, the company said. The bank's return on tangible common equity landed at 13% for the quarter, touching the upper boundary of the 11%-to-13% range Citigroup has targeted for 2027 and 2028, according to Bloomberg. Citigroup said it returned approximately $5.0 billion to common shareholders during the quarter through share repurchases and dividends, and announced a $30 billion buyback plan alongside a 12% dividend increase. The bank's Common Equity Tier 1 capital ratio stood at 12.8% at quarter end.
Wells Fargo profit jumps as fee income, credit quality beat estimates
Wells Fargo profit jumps as fee income, credit quality beat estimates Published: 10:30 14 Jul 2026 EDT Wells Fargo & Co (NYSE:WFC, XETRA:NWT) reported second-quarter profit that topped Wall Street expectations on Tuesday, as strong fee income and improved credit performance offset pressure on the bank's net interest margin. The bank posted earnings of $2 per share, well above analysts' estimate of $1.72, on revenue of $22.62 billion, compared with expectations of $21.87 billion. Net income rose to $6.41 billion from $5.49 billion a year earlier. Net interest income came in at $12.32 billion, in line with estimates, while net loan charge-offs of $876 million came in better than the $1.1 billion analysts had forecast, marking a 10 basis point improvement from a year ago. Average loans grew 12% year-over-year to $1.03 trillion, while average deposits rose 10% to $1.47 trillion. Wells Fargo repurchased 37.4 million shares for $3 billion during the quarter and said it expects to raise its third-quarter common dividend by 11% to $0.50 per share. The bank reiterated its full-year guidance, projecting net interest income of roughly $50 billion and noninterest expense of about $55.7 billion.
Bank of America second quarter earnings top estimates on broad-based revenue growth
Bank of America Corp (NYSE:BAC) shares rose about 2% in premarket trading after the bank reported second-quarter 2026 results that exceeded Wall Street expectations, driven by growth in net interest income, investment banking, trading and wealth management. The bank reported earnings per share of $1.21, above the consensus estimate of $1.12. Revenue came in at $31.6 billion, topping expectations of $30.67 billion. Net interest income rose 9% year over year to $16 billion, reflecting stronger Global Markets activity, higher loan and deposit balances and fixed-rate asset repricing, partly offset by the impact of lower interest rates. Average deposits rose more than 2% to $2.02 trillion, marking the 12th consecutive quarter of sequential growth. Average loans and leases increased 8% to $1.22 trillion, extending sequential growth to a ninth straight quarter. Bank of America ended the quarter with a Common Equity Tier 1 capital ratio of 11.2% and returned $8 billion to shareholders. Within Consumer Banking, net income rose to $3.3 billion as revenue increased 5% to $11.3 billion. Combined credit and debit card spending grew 9%, while the bank added more than 160,000 net new consumer checking accounts during the quarter. Global Wealth and Investment Management posted net income of $1.4 billion as revenue climbed 16% to $6.9 billion, supported by a 19% increase in asset management fees and higher net interest income. Client balances reached $4.9 trillion. Global Banking generated net income of $2.0 billion, with investment banking fees rising 50% year over year to $2.1 billion. Global Markets reported net income of $2.6 billion. Sales and trading revenue increased 33% to $7.1 billion, led by a 70% jump in equities revenue and a 9% increase in fixed income, currencies and commodities revenue. Bank of America’s CEO Brian Moynihan said the company delivered one of its strongest quarters, with every business segment reporting double-digit net income growth. "The team delivered one of our strongest quarters to date, with earnings per share up 34% year-over-year. Every business segment reported double digit net income growth and strong returns on equity," Moynihan said. He added that clients continued to spend, borrow and invest amid what he described as a healthy economic backdrop. "It was also an exceptional quarter for our markets-facing businesses, with investment banking fees up 50% year-over-year. Near-term, pipelines remain strong, and commercial borrowing has picked up." Bank of America analysts wrote that the results were supported by stronger-than-expected performance in investment banking and sales and trading. They noted investment banking fees of $2.1 billion exceeded their $1.8 billion estimate, while sales and trading revenue of $7.1 billion was well above their $6.2 billion forecast, driven by particularly strong equities trading. The analysts also highlighted operating leverage as a positive, noting the bank generated 660 basis points of year-over-year operating leverage and a 17.0% return on tangible common equity, above their 16.1% estimate, despite continued investment spending and higher revenue-related compensation. They added that average loans of $1.22 trillion came in ahead of both their estimate and consensus expectations. While net interest margin of 2.08% was slightly below consensus and ending deposits of $2.03 trillion missed expectations, they pointed out that deposit costs improved by one basis point sequentially to 1.46%.
Citigroup profit beats estimates on trading, dealmaking strength
Citigroup profit beats estimates on trading, dealmaking strength Published: 10:24 14 Jul 2026 EDT Citigroup Inc (NYSE:C) on Tuesday reported second-quarter revenue that topped Wall Street estimates, fueled by strength in fixed income trading and investment banking. The bank posted revenue of $24.77 billion for the quarter, ahead of analysts' average estimate of $23.74 billion, according to the data provided. Earnings per share came in at $3.15. Fixed income markets revenue reached $4.71 billion, while equity markets revenue totaled $2.3 billion. Investment banking revenue was $1.55 billion. Net interest income for the quarter was $17.13 billion. Citigroup's provision for credit losses was $2.52 billion. The bank's Common Equity Tier 1 capital ratio stood at 12.8%, and return on tangible common equity was 13%. Analysts at Jefferies said the standout points in the results were net interest income and markets performance, both of which came in well above their forecasts and the broader consensus. Investment banking revenue also beat their expectations, helped by equity and debt underwriting activity. The brokerage noted that expenses of $14.2 billion matched its own forecast but ran higher than the Street had expected, largely because of increased compensation, servicing and deposit insurance costs. Citigroup management kept its full-year 2026 targets unchanged, according to Jefferies, including net interest income growth excluding markets of 5% to 6%, an efficiency ratio of 60%, a U.S. cards net charge-off range of 4.0% to 4.5%, and a return on tangible common equity goal of 10% to 11%. The bank also said it expects share buybacks this year to exceed 2025 levels under its $30 billion repurchase authorization. Shares of Citigroup were up 2% Tuesday morning.
Daily Spotlight: Sector Leaders & Laggards in 2Q26
Sector leadership in 2Q26 diverged sharply from leadership in 1Q26. In the first quarter, Energy was the clear leader, with a 36% gain. Materials also showed strength. But investors flipped the script in 2Q26, with growth leadership reasserting itself and defensive, income, and
Accounting practices lose revenue by failing to understand clients – study
According to XOS Pulse, professional services companies have an average customer experience (CX) maturity score of 57.9. Capabilities are weaker in areas tied to client understanding, including experience mapping, unifying client data, insight generation, segmentation and client listening. In the specific area of client understanding, professional services companies record an average score of 50.6, indicating significant room for improvement.
Uber reportedly in advanced talks to acquire Delivery Hero
Uber Technologies Inc (NYSE:UBER, XETRA:UT8) is in advanced talks to acquire German food-delivery company Delivery Hero (XETRA:DHER, OTCQX:DLVHF), according to a Bloomberg report, with the companies aiming to finalize a takeover agreement as soon as this week. Shares of Delivery Hero (XETRA:DHER, OTCQX:DLVHF) rose almost 6% following the report, while Uber shares fell about 2%. A potential transaction would likely value Delivery Hero above its recent trading price of around €36 per share, according to people familiar with the matter cited by Bloomberg. Investors have been expecting a higher price after Uber previously approached the company with an offer of €33 per share. Uber has already built a significant stake in Delivery Hero, holding 24.99% of the company's shares and additional derivatives that bring its total economic interest to about 36.8%. Shares of Delivery Hero have added more than 71% so far this year.
Cellebrite CEO Thomas Hogan Sells 103,000 Shares for $1.6 Million: Is This a Concern for Investors?
Thomas E. Hogan maintains a direct holding of 590,777 shares, representing a 0.24% ownership stake in the company as of the latest filing. The company operates a software-as-a-service platform, generating revenue through licensing fees and subscription-based access to its digital intelligence tools that support investigations across multiple domains, including child exploitation, homicides, counter-terrorism, border control, and human trafficking. Cellebrite DI Ltd. is a leading provider of digital intelligence solutions with a market capitalization of $4.1 billion and TTM revenues of $496.4 million, demonstrating substantial scale within the specialized software infrastructure sector. With a net profit margin of approximately 14.5% on a TTM basis, Cellebrite exhibits operational efficiency and profitability while serving mission-critical applications for government and law enforcement customers worldwide.
AbbVie extends slide to a seventh straight session
AbbVie (ABBV) declines 1.30% to $244.78 in Tuesday afternoon trading, on track for its seventh straight session of losses. Over the past six trading sessions, the stock has declined 5.1%, compared with a 0.44% gain for the broader S&P 500 index.
Most Stocks in the S&P 500 Are Actually Trading Lower
Today’s S&P 500 gains wouldn’t suggest it, but most of the index’s components are actually in the red. The S&P 500 is up 0.4% while the Equal Weight S&P 500 is moving in the other direction, down 0.3%. Nearly two-thirds of names in the S&P 500 were down despite session gains, signaling that stocks on the rise are doing the heavy lifting, offsetting the larger group of laggards and then some.
Analyst Report: Fedex Corp
FedEx Corp. is a leading international provider of package delivery, e-commerce, and related services operating under. Based in Memphis, TN, the company has approximately 500,000 employees. The shares are a component of the S&P 500.
Citigroup: A Comeback For The Ages Continues
Last fall, I provided an update for Citigroup Inc. (C) and found concrete signs of a continued turnaround. Revenues grew, ROE and ROTCE improved, and capital returns to shareholders were strong. Meanwhile, the valuation was
HCA surgery volumes dip in Q2, sending MedTech stocks lower
Leading MedTech firms fell on Tuesday after HCA Healthcare (HCA), the largest for-profit hospital operator in the U.S., lowered its full-year earnings outlook and posted preliminary Q2 2026 results, indicating a drop in surgical procedures.
The founder of Hinge raised $18M to build a new AI dating service, Overtone
A Forbes Health survey conducted in 2024 found that 78% of dating app users felt burnt out. The survey’s 1,000 respondents reported that they spent about 51 minutes per day on dating apps, but this time investment did not often yield fulfilling connections.
Why This Group Of Medical Giants, Including Intuitive Surgical, Just Took A Tumble
Intuitive Surgical stock tumbled Tuesday after HCA Healthcare trimmed its full-year earnings outlook, noting a drop in surgeries.
P&G Declares Quarterly Dividend, July 2026
The Procter & Gamble Company (NYSE:PG) declared a quarterly dividend of $1.0885 per share on the Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the Company, payable on or after August 17, 2026 to Common Stock shareowners of record at the close of business on July 24, 2026, and to Series A and Series B ESOP Convertible Class A Preferred Stock shareowners of record at the start of business on July 24, 2026.
Xvivo Perfusion AB (publ) reports Q2 results
Xvivo Perfusion AB (publ) press release (XVIPY): Q2 Revenue of $239M. Thoracic sales increased by 53 percent in local currencies and by 52 percent excluding revenue from heart trials. Abdominal sales increased by 26 percent in local currencies.
CFTC orders Kalshi to honor Michigan trades, escalating clash with state regulators
The Commodity Futures Trading Commission ordered Kalshi on Tuesday to honor trades involving Michigan residents despite the state's attempt to force the prediction markets platform to cancel them. "A state cannot force a [Designated Contract Market] to violate its obligations, and federal law does not permit a DCM to discriminate against a state’s residents," CFTC Chairman Michael Selig said Tuesday in a statement. "Canceling trades that have already been executed is an unprecedented step that risks a cascading effect on the entire marketplace and undermines the certainty in contracting that is a necessary component of a functioning market." The CFTC's move is the latest development in a broader battle between federal regulators and states over who has authority to oversee prediction markets, particularly sports-related event contracts. Kalshi is a registered DCM regulated by the CFTC and the Commodity Exchange Act. Several states, including Michigan, have pushed back, essentially arguing that prediction markets platforms are providing venues for online gambling. The CFTC added that although Michigan was the first state that tried to interfere directly with transactions from a DCM, the regulator has also filed lawsuits against Arizona, Connecticut, Illinois, Kentucky, Minnesota, New Mexico, New York, Rhode Island, and Wisconsin in an effort to protect the jurisdiction it says it has been granted by Congress, according to Tuesday's statement.
The Goldman Sachs Group Inc (GS) Q2 2026 Earnings Call Highlights: Record Revenues and ...
Revenue: Record $20.3 billion for the second quarter. Earnings Per Share (EPS): Record $20.98. Return on Equity (ROE): 23.5% for the quarter. Return on Tangible Equity (ROTE): 25.5% for the quarter. Global Banking and Markets Revenue: Record $15.5 billion in the second quarter. Advisory Revenues: $1.4 billion, up 17% year over year. Equity Underwriting Revenues: $985 million, up 130% year over year. Debt Underwriting Revenues: $1 billion, up 75% year over year. FICC Net Revenues: $4.6 billion, up 32% from the prior year. Equities Net Revenues: Record $7.4 billion for the second quarter. Asset and Wealth Management Revenues: Up 20% year-over-year to $4.6 billion. Management and Other Fees: Record $3.4 billion, up 20% year over year. Total Assets Under Supervision: Record $4 trillion. Alternative Assets Under Supervision: $459 billion at the end of the second quarter. Platform Solutions Revenues: $221 million in the quarter. Net Interest Income: $4 billion in the second quarter. Total Operating Expenses: $11.7 billion for the quarter. Efficiency Ratio: 58.8%, improving 320 basis points from the prior year period. Common Equity Tier 1 Ratio: 12.9% at the end of the second quarter. Quarterly Dividend: Increased to $5 per share, a 25% increase versus a year ago. Stock Repurchase: $4 billion of common stock repurchased in the quarter.
Wells Fargo & Co (WFC) Q2 2026 Earnings Call Highlights: Strong Earnings and Revenue Growth ...
Diluted Earnings Per Share: $2, up 25% from a year ago. Revenue Growth: 9% increase from a year ago. Net Interest Income Growth: 5% increase from a year ago. Noninterest Income Growth: 13% increase from a year ago. Expenses: Increased 2% from a year ago. Capital Returned to Shareholders: Over $9.8 billion in the first half of the year. Return on Tangible Common Equity (ROTCE): Increased to 17.7% in the second quarter. Investment Banking Fees: Record quarter with over $900 million. Common Stock Repurchase: $3 billion in the second quarter. Wells Fargo & Co (NYSE:WFC) returned over $9.8 billion of capital to shareholders in the first half of the year, including $7 billion in stock repurchases. Consumer and commercial credit quality remained strong, with net loan charge-offs declining by 10 basis points from a year ago.
JPMorgan Chase & Co (JPM) Q2 2026 Earnings Call Highlights: Strong Net Income and Revenue ...
Net Income: $16.9 billion. Earnings Per Share (EPS): $6.14. Return on Tangible Common Equity (ROTCE): 23%. Revenue: Up 15% year on year. Expenses: $27.3 billion, up 15% year on year. Credit Costs: $2.5 billion. Net Charge-Offs: $2.4 billion. Net Reserve Build: $149 million. Standardized CET1 Ratio: 14.1%, down 20 basis points from the prior quarter. CCB Net Income: $5.3 billion. CCB Revenue: $20.3 billion, up 8% year on year. CIB Net Income: $9.7 billion. CIB Revenue: $24.9 billion, up 27% year on year. IB Fees: Up 30% year on year. Equities Revenue: Up 86% year on year. AWM Net Income: $2 billion. AWM Revenue: $6.9 billion, up 19% year on year. AWM Pretax Margin: 38%. AUM: $5.1 trillion, up 18% year on year. Client Assets: $7.7 trillion, up 19% year on year. Corporate Net Income: $4.2 billion. Corporate Revenue: $6 billion. Full Year 2026 NII X Markets Outlook: Approximately $96.5 billion. Total NII Outlook: Approximately $105.5 billion. Adjusted Expense Outlook: About $107.5 billion. Card Net Charge-Off Rate Outlook: Approximately 3.2%.
Bank of America Corp (BAC) Q2 2026 Earnings Call Highlights: Robust Growth and Strategic ...
Revenue: Increased 15% year over year to $31.6 billion. Net Income: Rose 27% to $9.1 billion. Earnings Per Share (EPS): Increased 34% to $1.21 per share. Operating Leverage: Delivered 6.6% operating leverage. Efficiency Ratio: Improved to 59%. Return on Tangible Common Equity: Achieved 17%. Net Interest Income (NII): Approximately $16.2 billion, up 9% year over year. Noninterest Income Growth: Increased 22%. Investment Banking Fees: Increased 50% year over year to more than $2.1 billion. Sales & Trading Revenue: Generated $7.2 billion, up 33%. Common Equity Tier 1 Capital: Nearly $202 billion with a ratio of 11.2%. Average Deposits: $2.02 trillion, up 2.5% year over year. Average Loans and Leases: Increased to $1.2 trillion, up 8% year over year. Net Interest Yield: 2.08%. Non-Interest Expense: Approximately $18.6 billion. Provision Expense: Approximately $1.4 billion. Consumer Banking Revenue: $11.3 billion, up 5% year over year. Global Wealth & Investment Management Revenue: $6.9 billion, up 16% year over year. Global Banking Revenue: $6.2 billion, up 10% year over year. Global Markets Net Income: $2.7 billion, up 70% year over year.
BlackRock’s ETF machine may be ready to surprise Wall Street
BlackRock may be the cleanest way to see how much the market rebound helped Wall Street. BlackRock (BLK) is likely to outperform expectations when it reports second-quarter results, BofA Global Research said, anticipating more than $180 billion of long-term net inflows, which would be the best ...
Compared to Estimates, Citigroup (C) Q2 Earnings: A Look at Key Metrics (Revised)
For the quarter ended June 2026, Citigroup (C) reported revenue of $24.77 billion, up 14.3% over the same period last year. EPS came in at $3.15, compared to $1.96 in the year-ago quarter. The reported revenue represents a surprise of +4.59% over the Zacks Consensus Estimate of $23.68 billion. With the consensus EPS estimate being $2.72, the EPS surprise was +15.81%. Average balance - Total interest-earning assets: $2711.33 billion compared to the $2594.74 billion average estimate based on four analysts. Revenue by component- Markets- Fixed Income markets- Fixed Income markets Total: $4.71 billion versus the two-analyst average estimate of $4.56 billion. The reported number represents a year-over-year change of +10.3%. Revenue by component- Markets- Equity Markets: $2.3 billion versus $1.72 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +42.8% change. Markets Revenues, net of interest expense: $7.01 billion versus $6.28 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +19.2% change.
Adobe: Creativity Is Necessary To Justify The Stock Price
Management raised FY26 guidance, targeting $26.5–$26.6 billion in revenue and $17.90–$18.00 in GAAP EPS, reflecting confidence in sustained growth.