For the first time in 19 seasons, the Pittsburgh Steelers have new leadership on the sidelines, following Mike Tomlin's stepping down after last season's Wild Card round loss to the Houston Texans.
McCarthy is now in his first training camp with the Steelers, and it's the first time the changes in his approach have been noticeable by people outside of the organization. One of the most notable changes has been the absence of live tackling.
"We won't do live tackling," McCarthy said, via Pro Football Talk. "No, I've done live tackling in the past. . . . Every drill's been evaluated. There's a GPS component behind everything that we do. You know, there's more stress that we need to apply to our training situations than just going (on) the ground.
"The footwork's the priority. It always will be about the feet and everything that we do whether tackling, blocking, you know, ball security, all those things. So the footwork component about it is important."
Changes have also come to some of Tomlin's more physical drills.

#steelers #time #training #component

The AI buildout has resulted in an unanticipated casualty distant from Silicon Valley: telecom equipment manufacturers, who now compete with hyperscalers for the same memory chips. Three major companies, SK Hynix, Samsung, and Micron, control more than 95% of worldwide DRAM production, and as AI data centers use an increasing share of that output, memory chips used in telecom base stations become scarcer and more expensive as a direct result. That is the mechanism behind Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC)'s worst single-day stock reaction in nearly three years.
The company's shares plunged about 12% on July 14, reaching their lowest level since February, after Ericsson warned that growing component costs, particularly memory chips, will affect margins in the future. Looking into Ericsson's Q2 2026 results, the market's harsh reaction was more about forward guidance rather than a breakdown in existing operational execution. Adjusted EPS was SEK 1.22 (~$0.13), which was in line with market expectations. Adjusted gross margin increased to 48.4%, a two-percentage-point year-over-year rise after normalizing for a prior-period IPR licensing settlement. Meanwhile, reported net sales declined 6% to SEK 52.7 billion ($5.62 billion), missing the SEK 53.71 billion forecast, while organic sales excluding currency and one-offs remained essentially flat.
What worried investors was guidance and cash flow, not the print itself. Free cash flow before M&A fell to SEK 0.4 billion from SEK 2.6 billion a year ago, owing to increased inventories being accumulated ahead of scheduled third-quarter deliveries. Management forecasted Q3 Networks adjusted gross margin to a range of 48% to 50%, a slight decrease from Q2 levels, noting a higher share of lower-margin network rollout projects and component inflation developing "gradually" during the second half of 2026 and into 2027.
Jefferies, which rated the stock at a Hold with a target price of 98 Kronor, framed the sales miss as being centered primarily on delayed India deliveries within the Networks division as opposed to broad-based demand weakness, and noted Ericsson is forecasting a stronger-than-seasonal third quarter as those delayed deliveries arrive.
The sudden selloff has generated an attractive valuation gap for long-term investors. Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) is currently trading at a 14.45x forward P/E multiple, representing a significant discount to key infrastructure rivals such as Nokia, which trade on similar 5G-cycle and edge-connectivity theses. The market's knee-jerk reaction appears to regard temporary component inflation as a permanent weakening of Ericsson's earnings potential, resulting in a clear disparity between price and underlying value.

#billion #adjusted #memory

Wall Street is taking center stage in financing the AI buildout. On July 28, Meta Platforms, Inc. (NASDAQ: META) and ****** et ‌manager BlackRock, Inc. (NYSE: BLK) announced a venture to develop and operate a one gigawatt data center campus in El Paso, Texas. The project, costing about $14 billion in development, marks the emergence of a new financing playbook for the AI infrastructure boom.
The overwhelming cost of the AI infrastructure build out is prompting tech giants to go beyond self-funding, raising tens of billions of dollars in debt and tapping ****** et managers such as BlackRock for capital.
Last year, the tech giant spent $72.2 billion on capex, up roughly $30 billion from the year before. For 2026, it has projected capital expenditure between $125 billion and $145 ‌billion, up from its prior forecast of $115 billion to $135 billion. According to Chief Financial Officer Susan Li, the increase related to higher component pricing and additional data center costs tied to AI infrastructure.
This brings us to the question: Does the deal meaningfully reduce the cost of Meta's AI buildout?
As per Meta Platforms, Inc. (NASDAQ: META), BlackRock-managed funds will take an 80% ownership stake in the venture, while the tech giant will retain the remaining 20%. A part of BlackRock's investment will be financed through $12.5 billion in debt, while Meta will also ⁠receive a $1 billion distribution to align ownership.

#platforms #NASDAQ

Boise, Idaho-based Micron Technology, Inc. (MU) designs, develops, manufactures, and sells memory and storage products. Valued at $1 trillion by market cap, the company manufactures and markets dynamic random access memory chips, static random access memory chips (SRAMs), flash memory, semiconductor components, and memory modules.
Shares of this chip giant have massively outperformed the broader market over the past year. MU has gained 637.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 16.3%. In 2026, MU's stock rose 187.5%, surpassing the SPX's 8.5% rise on a YTD basis.
Nasdaq Futures Plunge as Chip Selloff Rages On, FOMC Meeting and Earnings on Tap
Ahead of Microsoft Earnings, Here's What Barchart Data Says Comes Next for MSFT Stock
Broadcom Leads 3 AI Stocks Quietly Raising Their Dividends, One by 161%

#memory #Stock #access #chips

Shares of ASML (NASDAQ: ASML) fell after technology publication The Information reported this week that an unnamed Chinese company backed by the Chinese government has begun manufacturing its own chip-making equipment. However, investors shouldn't be worried, as this is unlikely to hurt ASML's fortunes any time soon.
The machines reportedly being made in China are deep ultraviolet (DUV) lithography machines. This is an older technology used to manufacture older chips and the less critical components of advanced chips. DUV machines are also used to manufacture ordinary DRAM and flash memory. While ASML is a top supplier of DUV machines by a wide margin, it is not the only company that makes these machines. ***** anese companies Nikon and Canon also supply them.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
What separates ASML from the pack, though, is that it is the only company in the world with EUV (extreme ultraviolet lithography) technology, which is needed to make advanced logic chips and is also used to make high-bandwidth memory (HBM). These are extremely complex machines, and competitors outside China have largely given up trying to replicate the technology. These are also the machines that drive ASML's growth. EUV machines can cost more than $220 million apiece, while DUV machines can cost as little as $5 million, with higher-end advanced immersion DUV machines running closer to $90 million.
While a loss of DUV sales to China could impact ASML's revenue, the region now accounts for a smaller share of its overall revenue. The company is restricted from selling EUV and advanced DUV machines to China and is only allowed to sell older-technology systems to Chinese companies. As such, only about 14% of its sales came from the country last quarter. Meanwhile, there was already a bill in Congress set to prevent ASML from selling or servicing machines for the first three Chinese companies expected to receive these homegrown DUV machines, so this revenue was likely to be cut off regardless.

#machines #company

The iShares Expanded Tech-Software ETF (NYSEMKT: IGV) is an exchange-traded fund (ETF) that holds over 100 different software stocks, including industry leaders like Palantir Technologies, Microsoft, and Salesforce. The ETF has suffered a decline of 11% this year amid concerns that artificial intelligence (AI) could disrupt the legacy software-as-a-service (SaaS) business model.
The potential risks are twofold. First, some investors think AI will shrink the global workforce, thus reducing the revenue of SaaS companies that charge customers on a per-user basis. Second, some investors fear AI-powered programming tools like Claude Code will allow businesses to create their own versions of popular software products, rendering legacy vendors obsolete.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
But the AI boom has recently run into trouble. Wall Street is questioning the sustainability of the data center infrastructure spending boom because the sheer cost of chips and other components is making AI models too expensive to deploy at scale in many cases. Here's why that could be good news for the iShares Expanded Tech-Software ETF.
Some of America's top suppliers of AI data center chips have lost a substantial amount of value over the last few weeks. Nvidia stock is down 16% from its high, while Advanced Micro Devices stock has declined 21%, and Micron Technology stock has plummeted 33%.

#NVIDIA #Stock #down

Sanford Stadium is widely regarded as one of the best environments to play in across all of college football. The Georgia Bulldogs have been dominant at home throughout history, and the stadium will be as loud as ever throughout the 2026 season.
Georgia will begin the year with one of the most talented rosters in the nation. Sanford Stadium's atmosphere will once again be an essential component to the Dawgs' success this season, as Georgia held an impressive 6-1 record at home in 2025. USA TODAY's Blake Toppmeyer, Paul Myerberg, Jordan Mendoza and Kevin Skiver recently listed their top 10 stadiums in college football, and Sanford Stadium was ranked No. 6.
"The environment 'Between the Hedges' has made the Bulldogs nearly unbeatable at home under coach Kirby Smart. While the literally barking from Georgia fans doesn't always rattle your eardrums, Sanford Stadium can rumble when challenged. Georgia's .918 home winning percentage during the Kirby Smart era is a credit to the program Smart built. It's also a credit to Bulldogs fans."
Georgia will face a handful of tough opponents at Sanford Stadium this fall. The Bulldogs first true test of the season will be against the Oklahoma Sooners in Athens, followed by a highly anticipated matchup against the Vanderbilt Commodores. The Dawgs are set to face the Auburn Tigers and the Missouri Tigers at Sanford Stadium during SEC play as well, and Georgia will use the atmosphere to their advantage.
The Bulldogs have lost just one home game dating back to 2019. Georgia had a 33-game home winning streak snapped against the Alabama Crimson Tide in 2025, but UGA rebounded with ranked home wins over Ole Miss and Texas.

#home #smart #kirby

Corning Incorporated (NYSE:GLW) delivered rapid optical growth on July 28, then suffered a share-price decline of more than 20% after its guidance fell short of elevated expectations. Coherent Corp. (NYSE:COHR) also traded sharply lower. Coherent belongs in this story for a specific reason: the two companies monetize different components of the same AI data-center links.
Corning Incorporated (NYSE:GLW) supplies the passive layer, including optical fiber, cable and dense connector systems. Coherent supplies active devices and modules, including lasers, photodiodes and 800G and 1.6T transceivers that convert electrical signals into light and back again. As clusters add accelerators, network builders need both more fiber paths and faster optical endpoints. Corning's order pace can therefore provide a partial read-through on the volume and timing of deployments that create transceiver demand for Coherent Corp. (NYSE:COHR). It cannot establish Coherent's market share, pricing or margins.
Corning reported second-quarter core sales of $4.74 billion, up 17% year over year, and core earnings of $0.78 a share, up 30%. Optical Communications sales increased 32% to $2.07 billion. Within that segment, Enterprise Networks grew 65%, and the company said generative-AI product sales grew significantly faster.
The disappointment came from the next quarter. Corning projected $4.9 billion to $5.0 billion of third-quarter core sales, about 16% year-over-year growth but slightly below Wall Street's expectation, according to Reuters. Optical growth also eased from 36% in the first quarter to 32% in the second. Corning had gained roughly 64% in 2026 through the prior close, leaving little room for even modest deceleration.
Coherent's own latest quarter, ended March 31, argues against treating Corning's guidance as proof of weaker Coherent operations. Revenue rose 21% to $1.81 billion, GAAP gross margin reached 37.7%, and management cited exceptionally strong data-center and communications demand while expanding capacity. Its product roadmap includes 1.6T transceivers, lasers and photodiodes for AI networks. Different customer mixes, active-component content and manufacturing yields can make its results diverge from Corning's.

#corning #optical

July 28 (Reuters) - The Trump administration plans to end a subsidy program that helped hold premiums for Medicare ‌drug plans, the Wall Street Journal reported on Tuesday, ‌citing government officials.
The program, expected to provide insurers with roughly $3.6 billion in subsidies this year to cushion Medicare Part D premium increases, will not be renewed beyond 2026, the report said.
Medicare Part D, which provides prescription drug coverage to millions of Medicare beneficiaries through private insurance ‌plans, is a key ⁠component of the federal health program for seniors.
Rising healthcare costs remain a growing concern in the ⁠U.S., particularly for older Americans living on fixed incomes. Nearly 25 million people were enrolled in standalone Medicare Part D prescription drug plans in 2026, according to data from health policy research group ‌KFF.
The Journal quoted an administration official who said the additional subsidies gave insurers an incentive to raise premiums because the government would absorb much of the added cost. The official also said the subsidies were no longer necessary, saying that other measures ‌aimed at keeping Medicare Part D costs in check remain in place.

#medicare #program #drug #subsidies

CHICAGO – It's no secret college football doesn't look the same as it did five years ago; however, for Illinois' Bret Bielema and Josh Whitman, it's a whole new ball game.
Bielema and Whitman spoke Tuesday at Big Ten Media Days about the ever-changing landscape of college football.
"NIL and revenue share," Bielema said. "When those two things came into college football, everything changed."
As programs across the country keep changing to respond to compensation, transfer portal movement, and revenue sharing, Illinois is entering the 2026 season embracing the new landscape.
"The rosters have changed because of those two components, the transfer rule and revenue share," Bielema said. "It's a different world."

#bielema #illinois #Share #changed

Kia Corporation announced a 2.3% rise in net profits to KRW 2,327.8 trillion (US$ 1.59 billion) for the second quarter of 2026, up from KRW 2,268.2 trillion a year earlier, with US import tariffs and higher sales incentives offset by record global vehicle deliveries. Operating profits fell by 4.9% to KRW 2,628.5 trillion.
The South Korean automaker reported a 12.6% increase in global sales revenues to a record KRW 33,037.0 trillion in the three-month period, while global wholesale deliveries rose by 4.5% to 851,639 vehicles – including 154,816 units in South Korea and 696,823 units overseas. The company was not affected by the component shortages that held back Hyundai Motor's second-quarter results.
Sales of electrified vehicles jumped 60% to 296,000 units, accounting for 35% of Kia's global sales, driven by strong hybrid-electric vehicle (HEV) sales in the US and higher battery electric vehicle (BEV) demand in South Korea and Europe. Total HEV retail sales rose by 61% to 178,000 units, helped by the launch of the new Telluride and Seltos models, with sales in the US surging by 152% to 66,000 units, while total BEV retail sales surged by 88% to 110,000 units.
Kia said it expects solid business results in the second half of 2026 to enable it to meet its full-year guidance, "supported by competitive new model offerings and sustained BEV and HEV demand." The company is targeting 3.35 million global vehicle sales in 2026, supported by the launch of new BEV models in Europe and a recovery in Middle Eastern demand.
In the US, Kia said that its plans to expand production capacity of the Telluride SUV, including hybrid variants, and the ramp up of deliveries of the Sportage hybrid produced at the Hyundai Motor Group Metaplant America (HMGMA) will help enhance profitability.

#units

The Boston Beer Company, Inc. (NYSE:SAM) reported its second-quarter financial results on July 23, delivering a modest upside on earnings per share despite ongoing top-line volume pressures. The company reported GAAP diluted EPS of $4.96, topping Wall Street consensus estimates of $4.83, while non-GAAP diluted EPS came in at $3.65. The EPS beat was primarily driven by gross margin expansion, reaching 50.4%, up 60 basis points year-over-year, and a $1.31 per-share after-tax benefit from a favorable adjustment in supplier litigation.
The company's net revenue for the quarter was roughly in line with expectations at $568.3 million, down 3.3% year-over-year. Depletions fell 6%, which, while negative, came in better than the Street's fear of a 9% decline. Shipment volume was approximately 2.0 million barrels, down 4.5%. Crucially, management maintained its full-year non-GAAP EPS guidance of $8.50 to $10.50.
Following the report, Wall Street ******* ysts adjusted their outlooks. On July 24, Roth Capital lowered its price target on Boston Beer to $295 from $315 while keeping a Buy rating on the shares. The firm noted that while major components of guidance were unchanged, commentary on the earnings call suggested that if current trends persist, full-year results would land toward the lower end of the guided range. On the same day, Deutsche Bank lowered its price target to $176 from $187 and maintained a Hold rating on the shares.
This mix of resilient operational execution and volume headwinds brings up a key question: Is The Boston Beer Company, Inc. (NYSE:SAM)'s margin recovery and balance sheet strength enough to navigate persistent category challenges?
Optimistic investors emphasize Boston Beer's low leverage and durable financial flexibility as foundational strengths. With minimal debt, $265.5 million in cash, and a sizable equity base, the company maintains the financial headroom to fund working capital, capital expenditures, and share repurchases. This strong balance sheet allows Boston Beer to absorb macroeconomic shocks, tariffs, or litigation without forced deleveraging, preserving strategic optionality over both short- and long-term horizons.

#boston #capital #volume #million

With James choosing Philadelphia on Friday, the NBA can get to work in finalizing its 2026-27 schedule. Even at 41 years old, he remains a key component of the NBA's broadcast plans. While James' delayed decision slowed down NBA business, the league still expects to announce its schedule in mid-August as it historically has, according to a league spokesperson. But it seems that it has at least impacted the process.
This article originally appeared on Hoops Hype: While James' delayed decision slowed down NBA …

#james #decision

Honda Motor and Nissan Motor plan to collaborate in the development of a new software operating system (OS) for their next-generation vehicles, as the two ****** anese automakers look to cut vehicle development and production costs amid intensifying global competition, according to local reports citing a source familiar with the matter.
As the automotive industry moves towards software-defined vehicles (SDVs), software and electronic hardware account for an increasing proportion of the cost of a vehicle, as advanced driver ****** istance systems (ADAS), autonomous driving, connected technologies, and AI ****** istants become core features in next-generation vehicles.
Nissan and Honda, which pulled back from a full merger in early 2025, have been discussing collaboration in a number of areas, including SDVs, and EV batteries and powertrain components.
These latest reports suggest that a new OS, which serves as the brain of a vehicle, will be developed based on Nissan's existing OS. The two companies also plan to share key electronic hardware, including electronic control units (ECUs), with a formal agreement expected to be announced next month.
The decision to standardise software and electronic hardware was apparently made following recent progress in preliminary joint development.

#software #development #vehicles #hardware

Enterprise AI agents were meant to be the breakout software offering for 2026, yet instead they've become one of the major sources of buyer distrust. According to Anaconda and Forrester research, over 88% of AI agent pilots never reach production, as confirmed by independent polls from a16z and MIT Sloan's CIO panel, while Gartner predicts that more than 40% of agentic AI initiatives will be discontinued entirely by 2027 due to questionable ROI.
Salesforce Inc. (NYSE:CRM) walked into the gap between agent hype and agent reality when it placed its growth narrative on Agentforce, and by 2026, that bet has made Salesforce Inc. (NYSE:CRM) one of the worst-performing components of the Dow Jones Industrial Average, down around 31.48% year to date.
The immediate cause appears to be a credibility problem, not a demand issue. Bernstein downgraded Salesforce Inc. (NYSE:CRM) to Sector Weight from Outperform on July 9, removing its price target completely and citing poor customer feedback on Agentforce in particular. According to **** yst Jackson Ader, the released data doesn't yet indicate growing momentum, and a recent CIO survey found Salesforce Inc. (NYSE:CRM) to be "a standout for the wrong reasons."
That said, this interpretation is not uniform, and the debate on the market is serious. On July 14, Goldman Sachs reiterated its Buy rating and $242 price target, expecting organic growth to pick up in the third quarter as more details on AI monetization become available at Salesforce's Agentforce event in September. Goldman's more constructive reading is based on management's own acknowledgment of headwinds in Tableau, Commerce, and Marketing, which the firm sees as realistic rather than concerning, arguing that Salesforce Inc. (NYSE:CRM) is being open about a 12-to-24-month drag on its organic growth algorithm rather than covering it up.
Salesforce Inc. (NYSE:CRM)'s historical valuation decline looks to be the most mispriced aspect of the market story. Shares are currently trading at a compressed forward earnings multiple of only 10.83x, a substantial drop from the stock's five-year historical average of over 127x. The disparity is even more obvious when compared to prominent peers such as ServiceNow, which trades at a forward P/E of around 20.43x and requires consistent revenue growth above 18% through 2028 to maintain its valuation premium. Salesforce's current valuation of less than 11x forecast earnings is in near-total deadlock, despite the company's strong free cash flow generation and substantial enterprise data integration.

#valuation #july

Call it a B-spec, call it a heavily revised AMR26, call it whatever you want – what Aston Martin rolled out at the Hungaroring for the 2026 Hungarian Grand Prix is, by any reasonable engineering standard, a new Formula 1 car. Sixteen separate components were declared upgraded, mechanics broke FIA curfew to get both cars fitted in time, and the team reportedly flew spare parts to Budapest just to guarantee Fernando Alonso and Lance Stroll could each run the full package. That is not a development update. That is a rebuild.
The backstory is by now well-documented and not particularly flattering. Adrian Newey didn't get serious work underway on the AMR26 until mid-March 2025, and the wind tunnel didn't see a model until mid-April – three months behind rivals who were already deep into the new regulatory cycle. The car that arrived at pre-season testing in Barcelona was overweight, paddock insiders estimated by somewhere between 10 and 15 kilograms, maybe more, and the Honda power unit was generating vibrations severe enough to rattle onboard cameras loose and leave Alonso and Stroll visibly fighting the steering wheel.
At the Australian opener, Alonso qualified 2.462 seconds off the pace. Both cars retired when the vibrations damaged the battery systems. It went largely sideways from there – one point across the opening ten rounds, tenth of eleven teams in the constructors' standings, behind only the expansion Cadillac outfit.
The nose is the clearest sign of how deep the changes go. Where the original AMR26 carried a wide, blunt front structure, the Hungary version features a noticeably thinner, more tapered profile – the kind of slender nose Newey has favoured since his early Red Bull years. That change alone cascades through the entire front end: new uprights, revised aerodynamic ducting, changed actuator mounting, and a completely reworked front wing with reshaped endplates. Per Newey, the forward section of the chassis was lightened to the point that it required a full re-homologation and fresh crash testing – which, depending on your definition, crosses the threshold from upgrade to new car.
Newey himself occupies both sides of that argument simultaneously. "The main structural elements remain the same – the chassis and gearbox architecture don't fundamentally change – but we've taken weight out of both, which required re-homologating and crash testing the forward chassis," he said. So: same architecture, new crash test. Make of that what you will.

#call #stroll

Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Performance exceeded expectations driven by a 16% organic growth in Proprietary Products, specifically led by a 29% surge in the Biologics market group.
High-Value Product (HVP) Components now represent 49% of total revenue, up from 46% last year, as customers increasingly shift toward advanced primary containment solutions.
Management attributes the strong win rate of over 90% for new large drug molecules to the technical necessity of barrier films like FluroTec and NovaPure for complex biologics.
The Annex 1 regulatory environment in Europe is acting as a multi-year catalyst, driving nearly 800 active upgrade projects as customers seek enhanced sterility and contamination control.

#year

Ironvine Capital Partners, an investment management company, released its Q2 2026 investor letter. A copy of the letter can be downloaded here. The letter emphasizes the vital role of AI adoption in capital markets, highlighting a projected $7 trillion in new debt issuance by 2029 due to increased AI computing investments by hyperscale companies. This trend presents both risks and opportunities. The firm has shifted away from semiconductors during the quarter, as they require 2027 or 2028 spending levels for sustainable returns. The Ironvine Concentrated fund reported a year-to-date return of 11.02% (net), outperforming the S&P 500 Index's 10.21% return. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Ironvine Capital Partners highlighted SAP SE (NYSE:SAP). Headquartered in Walldorf, Germany, SAP SE (NYSE:SAP) is a leading enterprise application and business solutions provider. On July 22, 2026, SAP SE (NYSE:SAP) closed at $148.75 per share. One-month return of SAP SE (NYSE:SAP) was -2.51%, and its shares lost 49.41% over the past 52 weeks. SAP SE (NYSE:SAP) has a market capitalization of $175.9 billion.
Ironvine Capital Partners stated the following regarding SAP SE (NYSE:SAP) in its Q2 2026 investor update:
"Over the last five decades SAP SE (NYSE:SAP) has become the leading provider of ERP software for many of the world's largest, most supply chain-intensive companies. SAP counts 98 of the Fortune 100 as customers, with approximately 70% of revenue derived from large enterprises. Across much of this market the company operates in a duopoly with Oracle, although in certain niches it is the only practical solution. Its software integrates procurement, manufacturing, inventory, sales, human resources, and financial reporting into a single operating platform for the business.
Over time, SAP systems permeate customer operations, often with extensive customization reflecting company-specific workflows, regulatory requirements, and accumulated business knowledge. For example, Boeing relies on SAP to coordinate the ******* embly of airplanes containing tens of thousands of components, sourced from thousands of suppliers. If one part isn't where it's supposed to be, a $50 million plane doesn't move forward. Every component must be tracked, certified, and correctly installed with an auditable record. Boeing's SAP environment contains decades of custom code integrated with its supply chain to provide this digital paper trail…" (Click here to read the full text)

#NYSE #partners #letter #here

Brasada Capital Management, an investment management company, released its Q2 2026 investor letter. A copy of the letter is available to download here. The market landscape in the past quarter has been significantly influenced by the rapid advancements in artificial intelligence (AI), overshadowing other concerns like geopolitical conflicts. Currently, the AI boom is so substantial that it affects the entire market cycle. Key factors include a 400% increase in memory demand due to AI, a slow supply response that takes years to catch up, and minimal demand destruction. The Fund's investment strategy focuses on essential infrastructure that maintains competitive advantages, rather than chasing speculative momentum. The firm emphasizes secular long-term growth, regardless of which AI technologies prevail. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Brasada Capital Management highlighted Amphenol Corporation (NYSE:APH). Amphenol Corporation (NYSE:APH) is a leading manufacturer of electrical, electronic, and fiber optic connectors serving a broad range of end markets. On July 22, 2026, Amphenol Corporation (NYSE:APH) closed at $157.51 per share. One-month return of Amphenol Corporation (NYSE:APH) was -4.63%, and its shares gained 50.78% over the past 52 weeks. Amphenol Corporation (NYSE:APH) has a market capitalization of $193.77 billion.
Brasada Capital Management stated the following regarding Amphenol Corporation (NYSE:APH) in its Q2 2026 investor update:
"Amphenol Corporation (NYSE:APH) is one of the world's largest manufacturers of connectors, sensors, and interconnect systems, essentially producing the nervous system for modern electronics. The company designs solutions that allow power, signal, and data to flow reliably across demanding applications. Rather than selling off-the-shelf commodities, Amphenol acts as a crucial design partner, engineering the vast majority of its 500,000 SKUs as custom or semi-custom solutions tailored to the exact mechanical, thermal, or electrical requirements of its customers.
What makes Amphenol a high-quality business lies in its production of mission-critical components that represent a very small percentage of a customer's total cost of goods. Because the cost of failure is exceptionally high, whether in a commercial aircraft flying at 40,000 feet or a 1,000-volt EV battery, OEMs face significant switching costs and are reluctant to change suppliers once a component is proven reliable. This dynamic is further reinforced by a highly decentralized operating structure where general managers run their business units autonomously, enabling rapid, localized responses to customer needs. Additionally, the company is diversified across eight major end markets, with no single sector accounting for more than 25% of sales, which acts as a powerful shock absorber during cyclical downturns..." (Click here to read the full text)

#amphenol

With a market cap of $236.8 billion, Sandisk Corporation (SNDK) is a leading developer, manufacturer, and provider of NAND flash-based data storage devices and solutions, delivering innovative technologies for consumers, businesses, and enterprises worldwide. Its broad portfolio includes solid-state drives (SSDs), memory cards, USB flash drives, embedded storage products, and semiconductor components designed to securely store, access, and manage digital data.
The Milpitas, California-based company is set to unveil its fiscal Q4 2026 results after the market closes on Wednesday, Aug. 5. Ahead of this event, ***** ysts expect SNDK to report a profit of $33.28 per share, up significantly from $0.02 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in each of the past four quarters.
Dear ***** eX Stock Fans, Mark Your Calendars for July 23
The Biggest Risk to ***** eX Stock Comes After Earnings. Here Are The Numbers You Should Keep An Eye On.
Walmart Stock's Extended Downturn Could Trigger a Possible Comeback

#sndk #SpaceX #flash #based

Bristol Gate Capital Partners, an investment management company, published its Q2 2026 investor letter for the "US Equity Strategy". A copy of the letter can be downloaded here. The Strategy lagged the S&P 500 Total Return Index in the quarter in terms of returns, but outperformed in dividend growth. Despite debate over capital cycle returns, AI remained the dominant market theme, expanding from early adoption to broader enterprise adoption. The firm continues to focus on high-dividend-growth companies while maintaining discipline around valuation and earnings durability. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Bristol US Equity Strategy highlighted Howmet Aerospace Inc. (NYSE:HWM) as a newly added position. Howmet Aerospace Inc. (NYSE:HWM) is a leading US-based aerospace and industrial company that operates through Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels segments. On July 22, 2026, Howmet Aerospace Inc. (NYSE:HWM) closed at $280.70 per share. One-month return of Howmet Aerospace Inc. (NYSE:HWM) was 2.77%, and its shares gained 50.27% over the past 52 weeks. Howmet Aerospace Inc. (NYSE:HWM) has a market capitalization of about $112.31 billion.
Bristol US Equity Strategy stated the following regarding Howmet Aerospace Inc. (NYSE:HWM) in its Q2 2026 investor update:
"Howmet Aerospace Inc. (NYSE:HWM) supplies engineered components to the commercial aerospace, defense and industrial markets. Its advantage stems from decades of accumulated R&D in materials science and manufacturing, and it faces limited competition as a US manufacturer for the aerospace industry. Management has demonstrated excellent capital allocation through investments in high-growth projects that leverage the company's strengths."
Howmet Aerospace Inc. (NYSE:HWM) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 75 hedge fund portfolios held Howmet Aerospace Inc. (NYSE:HWM) at the end of the first quarter, up from 71 in the previous quarter. While we acknowledge the potential of Howmet Aerospace Inc. (NYSE:HWM) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

#bristol

At the outset I have to admit that I am going to break one of my rules. I am including Jake Meyers and Taylor Trammel even though they do not qualify under the 120 out rule. I am doing it for two reasons. First, Meyers comes very close with 114 outs, so sometimes that 120 designation can feel rather arbitrary. More importantly, it gives us a total picture of the center field position. When we include Brice Matthews we get a total picture of the Astros side of things and it gives us 16 center fielders to profile instead of 14. The bigger the sample size the better the data.
The number one thing we have noticed throughout this series is that each position stands on its own and center field is no different. The big league average for bases per out was .676 before the break, but every position has come in above or below that mark. So, before we make any declarative statements about the Astros and center field we need to take the position norm into account.
However, the distribution of outs demonstrates opportunity. Generally speaking, you want the best players getting the most opportunities. When that doesn’t happen, that is an example of inefficiency. Naturally, if this were a commentary piece then we could attribute blame on one person or another. Since it isn’t, we can chalk it up to an organizational failure and simply highlight that. In a close division and wild card race, organizational failures like that are magnified.
This is a reminder that bases per out are calculated by adding total bases, walks, stolen bases, and hit by pitches and dividing that sum by total outs. All of the components are available on baseball-reference.com, but it is not a recognized stat yet. I suppose we can say we are on the ground floor of a movement, but I did not invent the stat. It just hasn’t caught on yet.
Outs

#center #astros

Tennessee ****** ans training camp kicked off on Thursday when rookies reported to the team facility, but it wasn’t all good news.
The ****** ans announced that offensive tackle JC Latham and safety Amani Hooker will open camp on the Physically Unable to Perform (PUP) list. While the injuries do not sound serious, they will impact the early days of camp.
While those injuries are important, they are far from the biggest storyline heading into camp. If you listen to Turron Davenport of ESPN, the biggest question centers on Cam Ward and his development.
Tennessee ****** ans
Biggest storyline: Can offensive coordinator Brian Daboll help Cam Ward become an elite QB? Coach Robert Saleh handpicked Daboll to work with the QB because of his previous experience, most notably with Josh Allen in Buffalo. Daboll said two key components to making the situation work are establishing a relationship with Ward the person and seeing the game through Ward's lens.

#ward #offensive #injuries

The 2026 Formula 1 season has been incredibly brutal for Aston Martin. After tumbling down the competitive order and fighting a severely overweight and aerodynamically flawed chassis, the Silverstone-based squad is finally hitting the reset ****** on.
As the paddock sets up for the Hungarian Grand Prix, the FIA has released the official car presentation documents, and Aston Martin’s submission is nothing short of staggering. The team has declared a massive 16-component upgrade package. This isn’t a simple front wing tweak—this is effectively the debut of the highly anticipated B-spec AMR26.
The official FIA document reveals that nearly every aerodynamic surface on the car has been heavily revised. Unsurprisingly, almost all of the 16 changes are primarily focused on increasing “local load” to conquer the twisty, downforce-heavy layout of the Hungaroring.
The aggressive changes start right at the front of the car. Aston Martin has introduced a completely new, “longer, thinner nose” ****** embly that marries to a highly revised front wing featuring redistributed chord profiles and updated endplate diveplanes. Moving rearward, the team has fundamentally redesigned the car’s underbody.
The FIA document confirms that “all of the permitted surfaces of the floor” have been changed. This includes heavily updated leading-edge floor fences, a highly modified floor edge just ahead of the rear tires, and a completely reworked diffuser.

#martin #highly #official #document

Deep Sail Capital Partners, an investment management company, released its first-quarter 2026 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund significantly outperformed both of its benchmarks, the Russell 2000 Mid Cap Growth Index and the Russell 2000 Index, returning 41.6% net of fees while averaging 88% net long exposure. YTD, the fund returned 16.5% net of fees. long portfolio significantly outperformed both benchmarks, while the short portfolio was mixed in the quarter. The letter states that there was a notable performance push in Q1, which was reflected in Q2, driven by both the Iran War and idiosyncratic impacts on positions in the fund. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Deep Sail Capital Partners highlighted AmpliTech Group, Inc. (NASDAQ:AMPG). AmpliTech Group, Inc. (NASDAQ:AMPG) is a technology company that focuses on the design, engineering, and ***** embly of microwave component-based amplifiers and systems. On July 21, 2026, AmpliTech Group, Inc. (NASDAQ:AMPG) closed at $6.09 per share. One-month return of AmpliTech Group, Inc. (NASDAQ:AMPG) was -13.86%, and its shares gained 126.39% over the past 52 weeks. AmpliTech Group, Inc. (NASDAQ:AMPG) has a market capitalization of $154.31 million.
Deep Sail Capital Partners stated the following regarding AmpliTech Group, Inc. (NASDAQ:AMPG) in its Q2 2026 investor update:
"There were a few large detractors at the end of the Q1 that have reversed in Q2 including our two biggest contributors in Q2 Credo Technology and AmpliTech Group, Inc. (NASDAQ:AMPG). Amplitech (which I shared my long thesis in the fund's Q1 investment letter) returned even more in Q2 at 266% driven on a narrative pushed by retail investors that Amazon has become a client and that their devices will be used in future satellite launches. The fund exited the position in May with a return of 166% because we believe this narrative is incorrect and the stock had reached our valuation target of $6. I had no idea Amplitech would get caught up in this retail bubble, but I'll take the win and move on."
AmpliTech Group, Inc. (NASDAQ:AMPG) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 5 hedge fund portfolios held AmpliTech Group, Inc. (NASDAQ:AMPG) at the end of the first quarter, compared to 7 in the previous quarter. While we acknowledge the potential of AmpliTech Group, Inc. (NASDAQ:AMPG) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

#capital

Adtran Holdings (NASDAQ:ADTN) shares dropped 14% on Wednesday after the networking equipment provider lowered its preliminary second-quarter 2026 revenue outlook, citing a delay to a major customer project.
The company now expects second-quarter revenue to be between $280.0 million and $282.0 million, below its previous guidance of $283.0 million to $303.0 million and short of the ******* yst consensus estimate of $293.4 million.
Management said the revised outlook reflects the impact of the delayed customer project, along with continued pressure from elevated component and freight costs.
Adtran also reduced its profitability outlook for the quarter.
Preliminary non-GAAP operating margin is now expected to range from 3.5% to 4.0%, down from the company's previous forecast of 5.0% to 9.0%.

#quarter #outlook #preliminary #customer

A year ago, Roma acquired Kostas Tsimikas on loan from Liverpool.
His physical and technical abilities seemed like the perfect fit for Gian Piero Gasperini and the back-row formation, a key component of the Grugliasco-born coach’s vision.
However, the Greek achieved little or nothing during his time with the Giallorossi.
The 1996-born player made 25 appearances (1,056 minutes) for the Roman club.
The number 12 registered just one ***** ist in all competitions, but fans were impressed by his ability to avoid creating any real threat in attack. The winger, when he attempted crosses or shots, displayed poor accuracy, and for this reason the club decided to release him.

#gasperini

Redwire Corporation (RDW) has taken investors on a roller-coaster ride this year. The aerospace and defense company's stock initially surged on the wave of excitement surrounding ******* eX's (SPCX) blockbuster IPO. But the rally quickly unraveled as investor enthusiasm gave way to concerns over a $500 million equity offering that raised fears of significant shareholder dilution, ongoing cash burn, and a broader cooldown across the ******* e sector following the ******* eX frenzy. Despite the volatility, Redwire's long-term growth story remains compelling.
The company supplies mission-critical components and systems for some of the fastest-growing areas in aerospace and defense, including satellites, unmanned aircraft systems, and advanced ******* e infrastructure, serving both commercial customers and government agencies. Investor sentiment received a fresh boost on July 20 after Redwire unveiled plans to significantly expand its Huntsville, Alabama, campus, a move aimed at ramping up production of unmanned aircraft systems and next-generation ******* e technologies.
The Number Tesla Stock Bulls Are Really Waiting for This Earnings Season Has Nothing to Do With Cars
Micron Stock Is Near Bear-Market Territory. Here's Why ASML's Guidance Says Buy the Dip.
PayPal Says a $53 Billion Takeover Offer from Stripe Undervalues It. How to Play PYPL Stock Here.

#investor

A Secret Service agent on Vice President JD Vance's security detail is under internal review and has been put on administrative leave after being suspected of leaking information for a news story that included details about Vance's travel, a source familiar with the matter said.
A second source confirmed officials had identified a person believed to have been leaking information about Vance.
The review is being conducted by the agency's internal affairs component, the first source said, and it's unclear if any possible administrative punishment or criminal charges could be forthcoming.
The employee is suspected of having been a source for a recent story on MS NOW about agents on Vance's security detail dismayed by the purported burden the vice president's personal travel schedule has placed on his security team. As part of its coverage, MS NOW also described Vance's planned travel, including flying with his son on a Marine Corps helicopter to a golf lesson — plans that were later aborted.
The story caught the attention of Secret Service, FBI and White House officials, who fumed over operational details being described in the press, the first source said.

#security #internal

The CRSP U.S. Total Market index is made up of all 3,451 companies listed on American stock exchanges. Then there's the CRSP U.S. Large Cap index, which aims to include the major companies that account for 85% of the market's total capitalization. The index includes just 438 companies, a fact that highlights the extreme concentration of capital in corporate America.
Those 438 companies can be divided into two categories: growth stocks and value stocks. The CRSP U.S. Large Cap Growth index consists of the 146 growth stocks in that group, a subset that includes nine of America's 10 most valuable companies. Typically, the CRSP U.S. Large Cap Growth Index outperforms its value-based counterpart because of its high degree of exposure to sectors such as technology, and it has an exceptional track record of delivering positive returns.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The Vanguard Growth ETF (NYSEMKT: VUG) is an exchange-traded fund (ETF) that mimics the CRSP Large Cap Growth Index by holding the same stocks. Here's how it could turn consistent investments of $500 per month into $1 million over the long term.
Technology companies operate at the forefront of some of the world's fastest-growing industries, with artificial intelligence (AI) being the latest example. Therefore, despite the fact that this EFT has components from across all 11 different sectors of the stock market, it's no surprise that almost 70% of its ***** ets are parked in technology stocks.

#Growth