Argus
•
Aug 10, 2026
Sector(s)
Energy, Industrials, Consumer Cyclical

#sector #energy #industrials #cyclical

The S&P 500 (SNPINDEX:^GSPC) gained 0.62% to 7,758 to reach a record high. The Nasdaq Composite (NASDAQINDEX:^IXIC) rose 1.30% to 26,691 and the Dow Jones Industrial Average (DJINDICES:^DJI) climbed 0.28% to 54,037 as a surprising contraction in July payrolls fueled interest rate optimism.
Gold prices climbed 2.31% to $4,339.11 as of U.S. market close, and the 10-Year Treasury yield fell 0.03% to 4.65%. Communication services and energy were the only sectors to drop, while industrials and basic materials led the gainers.
Atlassian soared 35%, and Twilio gained 25% on robust quarterly results. Airbnb surged after an earnings beat while Trade Desk tumbled on disappointing earnings. Meanwhile, Papa John's International extended its losses after **** ysts downgraded the stock following yesterday's guidance cut.
Today's jobs data gave markets a boost, as surprise figures showed employers cut jobs in July. Nonfarm payrolls fell by 23,000, and unemployment fell to 4.1%. A weaker-than-expected jobs market means the Federal Reserve is more likely to hold interest rates steady in September, making traders less risk-averse.
After yesterday's sell-off in software stocks, today's earnings tell a more nuanced story: Both Atlassian and Twilio posted dramatic gains on the back of impressive earnings. Investors seem to be looking at how artificial intelligence (AI) is impacting demand for each firms' services and rewarding those who are turning the new technology to their advantage.

#earnings #gained #climbed #payrolls

Updated 2026년. 8월 5일 오후 9:12 New York 시간
Stocks lost some steam around midday after a morning rally, with the Nasdaq Composite retreating 0.8% the day.
The Dow industrials advanced 0.5%, or 263 points, to close at a record for the third straight day. The S&P 500 declined 0.2%.
SpaceX and Advanced Micro Devices both finished in negative territory. Elon Musk's rocket company beat Wall Street expectations last night but rattled investors by disclosing plans for massive AI spending. Its shares closed down 14%.

#composite #devices

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Achieved record results across the platform driven by disciplined execution and a focus on investment performance, leading to record AUM of $485 billion.
Maintained industry leadership in realizations, returning $37 billion to clients over the past year, which management attributes to a proactive approach in a challenging market.
Repositioned the Capital Markets business over the last three years to capture higher transaction fees, creating a 'flywheel effect' as fund sizes and activity levels increase.
Launched a dedicated defense and industrials platform to capitalize on an estimated $8 trillion in global defense spending driven by geopolitical shifts.

#billion #tell

Diamond Hill Capital, a First Eagle Investment Management company, issued its Q2 2026 investor letter for its "Mid Cap Strategy". A copy of the Q2 2026 investor letter can be downloaded here. In the quarter, equity markets posted strong returns as resilient economic growth and robust corporate earnings supported investor sentiment, although AI-related companies continued to dominate market leadership. Technology was the strongest-performing sector, while industrials also advanced and energy lagged as oil prices declined. The Fund returned 7.92% and the Russell Midcap Index returned 13.83%. Health care holdings were the largest positive contributor, supported by strength across managed care, diagnostics, and life sciences. However, stock selection and an underweight position in information technology remained the main relative headwinds. The strategy maintained limited exposure to highly valued semiconductor and memory companies, reflecting concerns that current valuations ***** ume an extended period of elevated AI spending. It also continued to ***** s software and services businesses individually based on how AI may affect their long-term competitive positions. Management emphasized higher-quality companies, attractive valuations, capital preservation, and durable long-term compounding while remaining cautious about elevated valuations, concentrated leadership, and the sustainability of the current AI investment cycle. Please review the Strategy's top five holdings for its key selections.
In its Q2 2026 investor letter, Diamond Hill Capital Mid Cap Strategy highlighted Regal Rexnord Corporation (NYSE:RRX) as a notable contributor. Regal Rexnord Corporation (NYSE:RRX) is a leading industrial company that offers sustainable power solutions, transmission, and control motion products. On August 4, 2026, Regal Rexnord Corporation (NYSE:RRX) closed at $220.04 per share, reflecting a market capitalization of $12.59 billion. Regal Rexnord Corporation (NYSE:RRX) posted a one-month return of -10.87%, while its shares gained 27.56% over the past 52 weeks.
Diamond Hill Capital Mid Cap Strategy stated the following regarding Regal Rexnord Corporation (NYSE:RRX) in its Q2 2026 investor letter:
"Shares of electrical product manufacturer Regal Rexnord Corporation (NYSE:RRX) rose in 2Q26 after reporting solid results on strong data center demand. Merger synergies and operational improvement initiatives drove better-than-expected organic growth and margin expansion, and we believe the market has yet to fully reflect the benefits of these efforts."

#regal #corporation #NYSE #capital

The S&P 500 Index ($SPX) (SPY) today is up +0.31%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +1.05%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.03%. September E-mini S&P futures (ESU26) are up +0.33%, and September E-mini Nasdaq futures (NQU26) are down -0.02%.
Stock indices are trading mixed today, with the S&P 500 and Dow Jones Industrials posting new all-time highs. Some positive corporate earnings results are supporting gains in stock indices today. Booking Holdings is up more than +7% after reporting better-than-expected Q2 gross bookings. Also, Amgen is up more than +5% after reporting stronger-than-expected Q2 EPS.
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Nasdaq Futures Climb as Tech Rally Continues on Palantir Boost, U.S. JOLTS Report and ****** eX Earnings on Tap

#futures #today #earnings #down

Diamond Hill Capital, a First Eagle Investment Management company, issued its Q2 2026 investor letter for its "Mid Cap Strategy". A copy of the Q2 2026 investor letter can be downloaded here. In the quarter, equity markets posted strong returns as resilient economic growth and robust corporate earnings supported investor sentiment, although AI-related companies continued to dominate market leadership. Technology was the strongest-performing sector, while industrials also advanced and energy lagged as oil prices declined. The Fund returned 7.92% and the Russell Midcap Index returned 13.83%. Health care holdings were the largest positive contributor, supported by strength across managed care, diagnostics, and life sciences. However, stock selection and an underweight position in information technology remained the main relative headwinds. The strategy maintained limited exposure to highly valued semiconductor and memory companies, reflecting concerns that current valuations ***** ume an extended period of elevated AI spending. It also continued to ***** s software and services businesses individually based on how AI may affect their long-term competitive positions. Management emphasized higher-quality companies, attractive valuations, capital preservation, and durable long-term compounding while remaining cautious about elevated valuations, concentrated leadership, and the sustainability of the current AI investment cycle. Please review the Strategy's top five holdings for its key selections.
In its second-quarter 2026 investor letter, Diamond Hill Capital Mid Cap Strategy highlighted Illumina, Inc. (NASDAQ:ILMN). Illumina, Inc. (NASDAQ:ILMN) is a biotechnology company that focuses on sequencing- and array-based solutions for genetic and genomic ***** ysis. On August 4, 2026, Illumina, Inc. (NASDAQ:ILMN) closed at $203.01 per share. One-month return of Illumina, Inc. (NASDAQ:ILMN) was 6.92% and its shares gained 112.65% over the past 52 weeks. Illumina, Inc. (NASDAQ:ILMN) has a market capitalization of $30.65 billion with a 52-week trading range between $88.00 - $207.00.
Diamond Hill Capital Mid Cap Strategy stated the following regarding Illumina, Inc. (NASDAQ:ILMN) in its Q2 2026 investor letter:
"Biotechnology company Illumina, Inc. (NASDAQ:ILMN) is the leading producer of next generation sequencing systems, which are used to sequence DNA for research and are increasingly important in cancer diagnosis and treatment. Shares rose during the quarter after better-than-expected clinical growth, while competitor Roche's comparable product launch appeared underwhelming."

#illumina

Diamond Hill Capital, a First Eagle Investment Management company, issued its Q2 2026 investor letter for its "Mid Cap Strategy". A copy of the Q2 2026 investor letter can be downloaded here. In the quarter, equity markets posted strong returns as resilient economic growth and robust corporate earnings supported investor sentiment, although AI-related companies continued to dominate market leadership. Technology was the strongest-performing sector, while industrials also advanced and energy lagged as oil prices declined. The Fund returned 7.92% and the Russell Midcap Index returned 13.83%. Health care holdings were the largest positive contributor, supported by strength across managed care, diagnostics, and life sciences. However, stock selection and an underweight position in information technology remained the main relative headwinds. The strategy maintained limited exposure to highly valued semiconductor and memory companies, reflecting concerns that current valuations **** ume an extended period of elevated AI spending. It also continued to **** s software and services businesses individually based on how AI may affect their long-term competitive positions. Management emphasized higher-quality companies, attractive valuations, capital preservation, and durable long-term compounding while remaining cautious about elevated valuations, concentrated leadership, and the sustainability of the current AI investment cycle. Please review the Strategy's top five holdings for its key selections.
In its second-quarter 2026 investor letter, Diamond Hill Capital Mid Cap Strategy highlighted Verisk **** ytics, Inc. (NASDAQ:VRSK) as a newly added position. Verisk **** ytics, Inc. (NASDAQ:VRSK) is a US-based technology company that offers data **** ytics and technology solutions to the insurance industry. On August 4, 2026, Verisk **** ytics, Inc. (NASDAQ:VRSK) closed at $192.80 per share. One-month return of Verisk **** ytics, Inc. (NASDAQ:VRSK) was 1.65% and its shares gained -27.24% over the past 52 weeks. Verisk **** ytics, Inc. (NASDAQ:VRSK) has a market capitalization of $25.13 billion with a 52-week trading range between $155.94 - $276.19.
Diamond Hill Capital Mid Cap Strategy stated the following regarding Verisk **** ytics, Inc. (NASDAQ:VRSK) in its Q2 2026 investor letter:
"Verisk **** ytics, Inc. (NASDAQ:VRSK), the leading provider of data and **** ytics to the insurance industry, benefits from a market position with limited competition. We initiated a position as its services represent a small portion of customers' overall costs but are deeply embedded in their workflows and critical to their operations, supporting consistent revenue growth, strong margins and sustained pricing power."

#strategy

Diamond Hill Capital, a First Eagle Investment Management company, issued its Q2 2026 investor letter for its "Mid Cap Strategy". A copy of the Q2 2026 investor letter can be downloaded here. In the quarter, equity markets posted strong returns as resilient economic growth and robust corporate earnings supported investor sentiment, although AI-related companies continued to dominate market leadership. Technology was the strongest-performing sector, while industrials also advanced and energy lagged as oil prices declined. The Fund returned 7.92% and the Russell Midcap Index returned 13.83%. Health care holdings were the largest positive contributor, supported by strength across managed care, diagnostics, and life sciences. However, stock selection and an underweight position in information technology remained the main relative headwinds. The strategy maintained limited exposure to highly valued semiconductor and memory companies, reflecting concerns that current valuations ******* ume an extended period of elevated AI spending. It also continued to ******* s software and services businesses individually based on how AI may affect their long-term competitive positions. Management emphasized higher-quality companies, attractive valuations, capital preservation, and durable long-term compounding while remaining cautious about elevated valuations, concentrated leadership, and the sustainability of the current AI investment cycle. Please review the Strategy's top five holdings for its key selections.
In its second-quarter 2026 investor letter, Diamond Hill Capital Mid Cap Strategy highlighted Centene Corporation (NYSE:CNC) as a newly added position. Centene Corporation (NYSE:CNC) is a US-based healthcare enterprise that offers services to underinsured and uninsured families and commercial organizations. On August 4, 2026, Centene Corporation (NYSE:CNC) closed at $64.07 per share, reflecting a market capitalization of $31.49 billion. Centene Corporation (NYSE:CNC) posted a one-month return of -3.57%, while its shares gained 164.18% over the past 52 weeks.
Diamond Hill Capital Mid Cap Strategy stated the following regarding Centene Corporation (NYSE:CNC) in its Q2 2026 investor letter:
"We initiated a position in managed care provider Centene Corporation (NYSE:CNC) as we believe managed care margins now have a realistic path to recovery over the next few years as reimbursement rates catch up with underlying cost trends across the insured population."
Centene Corporation (NYSE:CNC) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 72 hedge fund portfolios held Centene Corporation (NYSE:CNC) at the end of the first quarter which was 78 in the previous quarter. While we acknowledge the risk and potential of Centene Corporation (NYSE:CNC) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are look

Diamond Hill Capital, a First Eagle Investment Management company, issued its Q2 2026 investor letter for its "Mid Cap Strategy". A copy of the Q2 2026 investor letter can be downloaded here. In the quarter, equity markets posted strong returns as resilient economic growth and robust corporate earnings supported investor sentiment, although AI-related companies continued to dominate market leadership. Technology was the strongest-performing sector, while industrials also advanced and energy lagged as oil prices declined. The Fund returned 7.92% and the Russell Midcap Index returned 13.83%. Health care holdings were the largest positive contributor, supported by strength across managed care, diagnostics, and life sciences. However, stock selection and an underweight position in information technology remained the main relative headwinds. The strategy maintained limited exposure to highly valued semiconductor and memory companies, reflecting concerns that current valuations ******* ume an extended period of elevated AI spending. It also continued to ******* s software and services businesses individually based on how AI may affect their long-term competitive positions. Management emphasized higher-quality companies, attractive valuations, capital preservation, and durable long-term compounding while remaining cautious about elevated valuations, concentrated leadership, and the sustainability of the current AI investment cycle. Please review the Strategy's top five holdings for its key selections.
In its second-quarter 2026 investor letter, Diamond Hill Capital Mid Cap Strategy highlighted Huntington Ingalls Industries, Inc. (NYSE:HII). Huntington Ingalls Industries, Inc. (NYSE:HII) is US-based military shipbuilding company. On August 4, 2026, Huntington Ingalls Industries, Inc. (NYSE:HII) closed at $323.06 per share. One-month return of Huntington Ingalls Industries, Inc. (NYSE:HII) was 11.60% and its shares gained 20.77% over the past 52 weeks. Huntington Ingalls Industries, Inc. (NYSE:HII) has a market capitalization of $12.84 billion with a 52-week trading range between $259.00 - $460.00.
Diamond Hill Capital Mid Cap Strategy stated the following regarding Huntington Ingalls Industries, Inc. (NYSE:HII) in its Q2 2026 investor letter:
"Huntington Ingalls Industries, Inc. (NYSE:HII), the largest shipbuilder for the US Navy, underperformed following mixed 1Q26 results. Strong revenue growth was offset by margin pressure from execution challenges and legacy pre-COVID contracts, while the broader defense sector weakened amid delays to US defense funding legislation and improving geopolitical tensions."

#capital #strategy #diamond #letter

Diamond Hill Capital, a First Eagle Investment Management company, issued its Q2 2026 investor letter for its "Mid Cap Strategy". A copy of the Q2 2026 investor letter can be downloaded here. In the quarter, equity markets posted strong returns as resilient economic growth and robust corporate earnings supported investor sentiment, although AI-related companies continued to dominate market leadership. Technology was the strongest-performing sector, while industrials also advanced and energy lagged as oil prices declined. The Fund returned 7.92% and the Russell Midcap Index returned 13.83%. Health care holdings were the largest positive contributor, supported by strength across managed care, diagnostics, and life sciences. However, stock selection and an underweight position in information technology remained the main relative headwinds. The strategy maintained limited exposure to highly valued semiconductor and memory companies, reflecting concerns that current valuations **** ume an extended period of elevated AI spending. It also continued to **** s software and services businesses individually based on how AI may affect their long-term competitive positions. Management emphasized higher-quality companies, attractive valuations, capital preservation, and durable long-term compounding while remaining cautious about elevated valuations, concentrated leadership, and the sustainability of the current AI investment cycle. Please review the Strategy's top five holdings for its key selections.
In its second-quarter 2026 investor letter, Diamond Hill Capital Mid Cap Strategy highlighted Veralto Corporation (NYSE:VLTO) as a newly added position. Veralto Corporation (NYSE:VLTO) provides water **** ytics, water treatment, marking and coding, and packaging and color solutions. On August 4, 2026, Veralto Corporation (NYSE:VLTO) closed at $96.45 per share. One-month return of Veralto Corporation (NYSE:VLTO) was 5.13% and its shares lost 10.26% over the past 52 weeks. Veralto Corporation (NYSE:VLTO) has a market capitalization of $23.12 billion with a 52-week trading range between $80.03 - $110.11.
Diamond Hill Capital Mid Cap Strategy stated the following regarding Veralto Corporation (NYSE:VLTO) in its Q2 2026 investor letter:
"Water testing and treatment provider Veralto Corporation (NYSE:VLTO) was spun out of Danaher in late 2023. We initiated a position as we believe the market has underappreciated the company's resilient business model, strong profitability and disciplined capital allocation amid the current chase for revenue growth in data center-related industries."

#veralto #NYSE #capital

Diamond Hill Capital, a First Eagle Investment Management company, issued its Q2 2026 investor letter for its "Mid Cap Strategy". A copy of the Q2 2026 investor letter can be downloaded here. In the quarter, equity markets posted strong returns as resilient economic growth and robust corporate earnings supported investor sentiment, although AI-related companies continued to dominate market leadership. Technology was the strongest-performing sector, while industrials also advanced and energy lagged as oil prices declined. The Fund returned 7.92% and the Russell Midcap Index returned 13.83%. Health care holdings were the largest positive contributor, supported by strength across managed care, diagnostics, and life sciences. However, stock selection and an underweight position in information technology remained the main relative headwinds. The strategy maintained limited exposure to highly valued semiconductor and memory companies, reflecting concerns that current valuations ******* ume an extended period of elevated AI spending. It also continued to ******* s software and services businesses individually based on how AI may affect their long-term competitive positions. Management emphasized higher-quality companies, attractive valuations, capital preservation, and durable long-term compounding while remaining cautious about elevated valuations, concentrated leadership, and the sustainability of the current AI investment cycle. Please review the Strategy's top five holdings for its key selections.
In its second-quarter 2026 investor letter, Diamond Hill Capital Mid Cap Strategy highlighted Equifax Inc. (NYSE:EFX), a company specializing in data, ******* ytics, and technology through its Workforce Solutions, U.S. Information Solutions (USIS), and International divisions. During the quarter, the strategy added Equifax Inc. (NYSE:EFX) to its portfolio. On August 04, 2026, Equifax Inc. (NYSE:EFX) closed at $177.12 per share, reflecting a market capitalization of $20.81 billion. Equifax Inc. (NYSE:EFX) posted a one-month return of 6.00%, while its shares lost 26.38% over the past 52 weeks.
Diamond Hill Capital Mid Cap Strategy stated the following regarding Equifax Inc. (NYSE:EFX) in its Q2 2026 investor letter:
"Equifax Inc. (NYSE:EFX), a provider of mortgage, employment and other data, manages proprietary datasets that are costly and difficult to replicate. Given that its data is critical to customers' workflows yet represents a small portion of their overall costs and it operates in a consolidated industry, the company has historically benefited from strong pricing power and consistent growth."

#capital #diamond #letter

Palantir shares surged north by more than 27% on Tuesday after the company reported quarterly earnings that CEO Alex Karp called "otherworldly" in a call with ******* ysts Monday evening.
While some ******* ysts were quick to frame the nearly 30% pop as recovery from a sell-off through June and July that saw Palantir wrapped into the doubts around the staying power of the software sector, the run-up extends a rally going back to 2024 that has seen the stock price boom from roughly $25 to more than $150 per share in only two years.
That shift in share price can really be traced back to the 2023 launch of Palantir's AIP platform, said Louie DiPalma, an industrials sector ******* yst at William Blair.
The company's existing platforms — Gotham for government operations and Foundry for the commercial sector — allowed customers to fuse massive amounts of disparate data and perform complex ******* ysis of that data. AIP, released in April 2023 shortly after OpenAI debuted ChatGPT the previous November, allowed customers on both platforms to connect large language models to their existing datasets, layering AI-powered ******* ysis and computation on top of Gotham and Foundry.

#palantir #gotham #foundry

The S&P 500 Index ($SPX) (SPY) today is up +1.13%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +1.55%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +2.21%. September E-mini S&P futures (ESU26) are up +1.20%, and September E-mini Nasdaq futures (NQU26) are up +2.30%.
Stock indices are climbing today, with the S&P 500 and Dow Jones Industrials posting new all-time highs and the Nasdaq 100 posting a 2.5-week high. Strength in technology stocks is leading the broader market higher on some better-than-expected earnings results. Palantir Technologies is up more than +27% after reporting stronger-than-expected Q2 revenue and raising its full-year revenue forecast. Also, Zebra Technologies is up more than +19% after reporting better-than-expected Q2 EPS and raising its full-year EPS forecast. In addition, Caterpillar is up more than +5% after reporting Q2 adjusted EPS that was well above the consensus.
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#expected #Stock

The S&P 500 Index ($SPX) (SPY) today is up +0.73%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +1.03%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +2.00%. September E-mini S&P futures (ESU26) are up +0.72%, and September E-mini Nasdaq futures (NQU26) are up +1.94%.
Stock indices are moving higher today, with the S&P 500 and Dow Jones Industrials posting record highs and the Nasdaq 100 posting a 2.5-week high. Strength in technology stocks is leading the broader market higher on some better-than-expected earnings results. Palantir Technologies is up more than +21% after reporting stronger-than-expected Q2 revenue and raising its full-year revenue forecast. Also, Zebra Technologies is up more than +18% after reporting better-than-expected Q2 EPS and raising its full-year EPS forecast. In addition, Caterpillar is up more than +10% after reporting Q2 adjusted EPS that was well above the consensus.
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#expected #reporting #today

Argus
•
Aug 05, 2026
Sector(s)
Basic Materials, Technology, Real Estate, Healthcare, Industrials, Consumer Cyclical

#materials

The S&P 500 Index ($SPX) (SPY) on Monday closed up +1.48%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +1.32%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.78%. September E-mini S&P futures (ESU26) rose +1.49%, and September E-mini Nasdaq futures (NQU26) rose +1.77%.
Stock indices settled sharply higher on Monday, with the S&P 500 posting a 2-month high, the Dow Jones Industrials posting a 3.5-week high, and the Nasdaq 100 posting a 1.5-week high. Stocks rallied on Monday as the latest signs of easing tensions in the Middle East pushed crude oil prices sharply lower and allayed fears about faster inflation. The slump in crude oil also knocked bond yields lower and supported stocks. The 10-year T-note yield fell -5 bp to 4.68%.
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#NASDAQ #closed #september

By Chuck Mikolajczak and Johann M Cherian
NEW YORK, Aug 3 (Reuters) - U.S. stocks kicked off August on a strong note to send the Dow Industrials to a closing record high, as signs of de-escalating U.S.-Iran tensions pulled down oil prices and Treasury yields ‌in a busy week for earnings and economic data.
Crude prices settled down about 5% after U.S. President Donald Trump said on Sunday that ‌talks with Iran to reopen the Strait of Hormuz would take place on Monday, though Iran disputed that talks were planned.
The drop in oil prices helped push U.S. Treasury yields lower, even as market participants continued to gauge the odds of a rate hike from the Federal Reserve should the Iran war continue for a prolonged period.
Communication services was the best performing of the 11 major S&P sectors, climbing 4.3% on the back of gains from Meta Platforms and Alphabet. Energy dropped 1.2% as the worst performer on the session.

#prices #chuck #cherian

Markets enter an earnings-dominated week with a huge concentration of corporate results spanning technology, industrials, healthcare, consumer discretionary, and entertainment sectors.
This will provide a critical ******* sment of economic health and corporate fundamentals amid persistent uncertainty about technology sector valuations and AI infrastructure spending.
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The earnings calendar features major reports from ******* eX (SPCX), Advanced Micro Devices (AMD), Palantir Technologies (PLTR), Pfizer (PFE), McDonald's (MCD), Arista Networks (ANET), Caterpillar (CAT), Spotify (SPOT), Merck (MRK), SanDisk (SNDK), Uber Technology (UBER), AppLovin (APP), Shopify (SHOP), Disney (DIS), and Eli Lilly (LLY).

#earnings #corporate #delivers

Updated 2026년 7월 30일 오후 11:43 New York 시간
Stocks bounced back after yesterday’s punishing session, with chip stocks rebounding and Microsoft turning in its best day in nearly two decades.
Nasdaq surged 2.8%, while the Dow industrials and S&P 500 added 1.2% and 1.7% respectively. The PHLX Semiconductor Index jumped 8%, driven by momentum in Micron, Applied Materials, Intel and others.
Microsoft stock meanwhile shot up 16%, its biggest percentage gain since 2008. The rally added $450 billion to the company's market cap, a record for any U.S. company. Microsoft's surge followed earnings late Wednesday that beat expectations thanks to robust cloud growth and resilient free cash flow.

#stocks #york

Carillon Tower Advisers, an investment management company, released its second-quarter 2026 investor letter for the "Carillon Eagle Mid Cap Growth Fund". A copy of the letter is available to download here. Mid-cap stocks delivered strong results, with the Russell Midcap® Growth Index rising 14.55% and slightly outperforming the Russell Midcap® Value Index's 13.40% gain. Information technology led the growth index with a 36.90% return, while industrials also outperformed, and energy was the only sector to decline. The quarter was supported by resilient corporate earnings, economic growth and AI infrastructure spending, although geopolitical tensions, higher energy prices and election-related uncertainty could create volatility. The firm remains optimistic that data-center investment will support technology, energy, defense and automation companies, while attractive healthcare valuations and stronger merger activity could create opportunities. However, financials and consumer stocks face mixed conditions because of housing weakness, inflation and uneven spending. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Carillon Eagle Mid Cap Growth Fund highlighted Marvell Technology, Inc. (NASDAQ:MRVL). Marvell Technology, Inc. (NASDAQ:MRVL) provides data infrastructure semiconductor solutions spanning the data center core to network edge in the United States and internationally. On July 29, 2026, Marvell Technology, Inc. (NASDAQ:MRVL) closed at $163.40 per share. The one-month return of Marvell Technology, Inc. (NASDAQ:MRVL) was -25.21%, and its shares gained 128.27% over the past 52 weeks. Marvell Technology, Inc. (NASDAQ:MRVL) has a market capitalization of $143.1 billion.
Carillon Eagle Mid Cap Growth Fund stated the following regarding Marvell Technology, Inc. (NASDAQ:MRVL) in its Q2 2026 investor letter:
"Marvell Technology, Inc. (NASDAQ:MRVL) is a fabless semiconductor company focused on chips and optical components for data centers. The company reported a strong quarter, and management said AI-related demand remained very strong. Investors appreciated the accelerating revenue growth, margin improvement in optical products, and upcoming ramp-up of custom silicon chips."
Marvell Technology, Inc. (NASDAQ:MRVL) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 79 hedge fund portfolios held Marvell Technology, Inc. (NASDAQ:MRVL) at the end of the first quarter, compared to 85 in the previous quarter. In the first quarter of fiscal 2027, Marvell Technology, Inc. (NASDAQ:MRVL) reported record revenue of $2.42 billion reflecting 9% sequential and 28% year over year growth. While we acknowledge the risk and potential of Marvell Technology, Inc. (NASDAQ:MRVL) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time

Carillon Tower Advisers, an investment management company, released its second-quarter 2026 investor letter for the "Carillon Eagle Mid Cap Growth Fund". A copy of the letter is available to download here. Mid-cap stocks delivered strong results, with the Russell Midcap® Growth Index rising 14.55% and slightly outperforming the Russell Midcap® Value Index's 13.40% gain. Information technology led the growth index with a 36.90% return, while industrials also outperformed, and energy was the only sector to decline. The quarter was supported by resilient corporate earnings, economic growth and AI infrastructure spending, although geopolitical tensions, higher energy prices and election-related uncertainty could create volatility. The firm remains optimistic that data-center investment will support technology, energy, defense and automation companies, while attractive healthcare valuations and stronger merger activity could create opportunities. However, financials and consumer stocks face mixed conditions because of housing weakness, inflation and uneven spending. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Carillon Eagle Mid Cap Growth Fund highlighted Teradyne, Inc. (NASDAQ:TER). Teradyne, Inc. (NASDAQ:TER) engages in the design, development, manufacture, and sale of automated test systems and robotics products. On July 29, 2026, Teradyne, Inc. (NASDAQ:TER) closed at $319.41 per share. One-month return of Teradyne, Inc. (NASDAQ:TER) was -13.46% and its shares gained 197.32% over the past 52 weeks. Teradyne, Inc. (NASDAQ:TER) has a market capitalization of $50 billion.
Carillon Eagle Mid Cap Growth Fund stated the following regarding Teradyne, Inc. (NASDAQ:TER) in its Q2 2026 investor letter:
"Teradyne, Inc. (NASDAQ:TER) provides tester equipment for the semiconductor industry and other end markets. AI-related demand for memory and custom silicon chips has led to very strong orders for Teradyne's equipment. Investors also have appreciated the company's potential to take market share from some of its largest customers."
Teradyne, Inc. (NASDAQ:TER) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 80 hedge fund portfolios held Teradyne, Inc. (NASDAQ:TER) at the end of the first quarter which was 77 in the previous quarter. While we acknowledge the risk and potential of Teradyne, Inc. (NASDAQ:TER) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Teradyne, Inc. (NASDAQ:TER) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

#carillon #fund #letter #investment

Carillon Tower Advisers, an investment management company, released its second-quarter 2026 investor letter for the "Carillon Eagle Mid Cap Growth Fund". A copy of the letter is available to download here. Mid-cap stocks delivered strong results, with the Russell Midcap® Growth Index rising 14.55% and slightly outperforming the Russell Midcap® Value Index's 13.40% gain. Information technology led the growth index with a 36.90% return, while industrials also outperformed, and energy was the only sector to decline. The quarter was supported by resilient corporate earnings, economic growth and AI infrastructure spending, although geopolitical tensions, higher energy prices and election-related uncertainty could create volatility. The firm remains optimistic that data-center investment will support technology, energy, defense and automation companies, while attractive healthcare valuations and stronger merger activity could create opportunities. However, financials and consumer stocks face mixed conditions because of housing weakness, inflation and uneven spending. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Carillon Eagle Mid Cap Growth Fund highlighted MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI). MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) provides **** og semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum. On July 29, 2026, MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) closed at $228.71 per share. The one-month return of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) was -21.92% and its shares gained 83.48% over the past 52 weeks. MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has a market capitalization of $17.45 billion.
Carillon Eagle Mid Cap Growth Fund stated the following regarding MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in its Q2 2026 investor letter:
"MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) manufactures high-performance **** og and optical components. The company is diversified across data center, industrial, and telecom markets. The AI spending wave from the hyperscalers has led to very strong growth in Macom's data center products. Investors also have appreciated the company's exposure to end markets in aerospace, defense, and **** e that are expected to have long runways for growth."

#NASDAQ #letter

Carillon Tower Advisers, an investment management company, released its second-quarter 2026 investor letter for the "Carillon Eagle Mid Cap Growth Fund". A copy of the letter is available to download here. Mid-cap stocks delivered strong results, with the Russell Midcap® Growth Index rising 14.55% and slightly outperforming the Russell Midcap® Value Index's 13.40% gain. Information technology led the growth index with a 36.90% return, while industrials also outperformed, and energy was the only sector to decline. The quarter was supported by resilient corporate earnings, economic growth and AI infrastructure spending, although geopolitical tensions, higher energy prices and election-related uncertainty could create volatility. The firm remains optimistic that data-center investment will support technology, energy, defense and automation companies, while attractive healthcare valuations and stronger merger activity could create opportunities. However, financials and consumer stocks face mixed conditions because of housing weakness, inflation and uneven spending. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Carillon Eagle Mid Cap Growth Fund highlighted Vertiv Holdings Co (NYSE:VRT). Vertiv Holdings Co (NYSE:VRT) designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments. On July 29, 2026, Vertiv Holdings Co (NYSE:VRT) closed at $223.04 per share. The one-month return of Vertiv Holdings Co (NYSE:VRT) was -25.78% and its shares gained 53.19% over the past 52 weeks. Vertiv Holdings Co (NYSE:VRT) has a market capitalization of $85.67 billion.
Carillon Eagle Mid Cap Growth Fund stated the following regarding Vertiv Holdings Co (NYSE:VRT) in its Q2 2026 investor letter:
"Vertiv Holdings Co (NYSE:VRT), a global leader in critical infrastructure for data centers and communication networks, delivered another strong quarterly report. A highlight was management's commentary suggesting the company's commercial pipeline and visibility continue to point toward robust growth for the foreseeable future. The company remains well positioned to benefit from accelerating data center investment driven by rapid expansion in high-performance computing and artificial intelligence. Vertiv's leadership in power and thermal management, combined with strategic relationships across leading semiconductor manufacturers and hyperscale customers, reinforces its role as a key enabler of next-generation AI infrastructure."

#holdings #vertiv #carillon

Carillon Tower Advisers, an investment management company, released its second-quarter 2026 investor letter for the "Carillon Eagle Mid Cap Growth Fund". A copy of the letter is available to download here. Mid-cap stocks delivered strong results, with the Russell Midcap® Growth Index rising 14.55% and slightly outperforming the Russell Midcap® Value Index's 13.40% gain. Information technology led the growth index with a 36.90% return, while industrials also outperformed, and energy was the only sector to decline. The quarter was supported by resilient corporate earnings, economic growth and AI infrastructure spending, although geopolitical tensions, higher energy prices and election-related uncertainty could create volatility. The firm remains optimistic that data-center investment will support technology, energy, defense and automation companies, while attractive healthcare valuations and stronger merger activity could create opportunities. However, financials and consumer stocks face mixed conditions because of housing weakness, inflation and uneven spending. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Carillon Eagle Mid Cap Growth Fund highlighted Karman Holdings Inc. (NYSE:KRMN). Karman Holdings Inc. (NYSE:KRMN) engages in designing, testing, and manufacturing mission-critical systems in the United States. On July 29, 2026, Karman Holdings Inc. (NYSE:KRMN) closed at $45.59 per share. One-month return of Karman Holdings Inc. (NYSE:KRMN) was -19.12% and its shares gained -11.82% over the past 52 weeks. Karman Holdings Inc. (NYSE:KRMN) has a market capitalization of $6.04 billion with a 52-week trading range between $43.68 - $118.38.
Carillon Eagle Mid Cap Growth Fund stated the following regarding Karman Holdings Inc. (NYSE:KRMN) in its Q2 2026 investor letter:
"Karman Holdings Inc. (NYSE:KRMN) provides components and systems for existing and emerging missile, defense, and **** e programs. The company's stock underperformed after Karman reported quarterly organic growth that came in slightly below market expectations. Ongoing noise surrounding next year's defense budget also has weighed on most defense company valuations in recent months. Despite these near-term dynamics, Karman's positioning as a supplier to a wide range of the most rapidly growing military programs – spanning hypersonics, strategic missile defense, tactical munitions, and **** e and launch operations – provides significant visibility toward robust organic growth for the foreseeable future."

#carillon #defense

Carillon Tower Advisers, an investment management company, released its second-quarter 2026 investor letter for the "Carillon Eagle Mid Cap Growth Fund". A copy of the letter is available to download here. Mid-cap stocks delivered strong results, with the Russell Midcap® Growth Index rising 14.55% and slightly outperforming the Russell Midcap® Value Index's 13.40% gain. Information technology led the growth index with a 36.90% return, while industrials also outperformed, and energy was the only sector to decline. The quarter was supported by resilient corporate earnings, economic growth and AI infrastructure spending, although geopolitical tensions, higher energy prices and election-related uncertainty could create volatility. The firm remains optimistic that data-center investment will support technology, energy, defense and automation companies, while attractive healthcare valuations and stronger merger activity could create opportunities. However, financials and consumer stocks face mixed conditions because of housing weakness, inflation and uneven spending. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Carillon Eagle Mid Cap Growth Fund highlighted Insmed Incorporated (NASDAQ:INSM). Insmed Incorporated (NASDAQ:INSM) is a biopharmaceutical company focusing on developing therapies for patients with serious and rare diseases. On July 23, 2026, Insmed Incorporated (NASDAQ:INSM) closed at $103.12 per share, reflecting a market capitalization of $22.35 billion. Insmed Incorporated (NASDAQ:INSM) posted a one-month return of -10.60%, and its shares lost 7.00% over the past 52 weeks.
Carillon Eagle Mid Cap Growth Fund stated the following regarding Insmed Incorporated (NASDAQ:INSM) in its Q2 2026 investor letter:
"Insmed Incorporated (NASDAQ:INSM) is a biopharmaceutical company focused on developing and commercializing therapies for serious and rare diseases. The company underperformed primarily because first-quarter Brinsupri sales, which were ahead of consensus estimates, fell short of more bullish estimates. Fortunately, second-quarter prescription trends have been strong and point to sales closer to the high end of consensus expectations."
Insmed Incorporated (NASDAQ:INSM) is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 67 hedge fund portfolios held Insmed Incorporated (NASDAQ:INSM) at the end of the first quarter which was 75 in the previous quarter. While we acknowledge the potential of Insmed Incorporated (NASDAQ:INSM) 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.

#insmed #company

Wabtec provides locomotives, equipment, systems, and services for the freight rail and passenger transit industries, including locomotives powered by different fuels, engines, electric motors, propulsion systems, marine products, and mining products to customers around the world. WAB's second-quarter fiscal 2026 report showed $3.2 billion in revenue (a 17.5% year-over-year gain), adjusted per-share earnings of $2.76 (up 21.6%), and increased 2026 revenue and EPS guidance to $12.5 billion and $10.90, respectively.
It's no wonder WAB shares are up 43% this year – and they could rise more. MoneyFlows data shows how Big Money investors are betting heavily on the forward picture of the stock.
Institutional volumes reveal plenty. In the last year, WAB has enjoyed strong investor demand, which we believe to be institutional support.
Each green bar signals unusually large volumes in WAB shares. They reflect our proprietary inflow signal, pushing the stock higher:
Plenty of industrials names are under accumulation right now. But there's a powerful fundamental story happening with Wabtec.

#locomotives

The bulls could cling to something worthy while they watch semiconductor stocks such as Sandisk (SNDK) and Micron (MU) get blown to pieces.
About 72% of S&P 500 stocks are now trading above their 200-day moving average, the strongest market breadth since December 2024, according to data from Barchart (see below). The benchmark index is also holding near record highs.
"You've got essentially two-thirds of S&P 500 companies that are trading above their 200-day moving average. That's relatively healthy and still consistent with the market that is more rotational in nature and not necessarily one that is correctional," Charles Schwab strategist Kevin Gordon said on Yahoo Finance's Opening Bid.
Investors have cashed in their AI bets and have rotated into software, financials, industrials, healthcare, and consumer discretionary stocks for their perceived values. A strong earnings season from many companies, like Coca-Cola (KO) on Tuesday, has helped offset the negative tones stemming from reports out of Alphabet (GOOGL) and Tesla (TSLA).
The market has also been supported by resilient economic data, continued expectations for Federal Reserve rate cuts over the next year, and robust corporate profit growth, all of which have kept money flowing into stocks.

#average

Harris Oakmark recently released its second-quarter 2026 investor letter for the "Oakmark U.S. Concentrated Strategy". A copy of the letter can be downloaded here. The strategy returned 9.21% (net) in the second quarter, lagging the Russell 1000 Value Index's 13.87%. U.S. equities finished higher during the quarter, with nine of eleven GICS sectors posting gains, led by technology and industrials, while energy and utilities detracted. The market showed concentrated leadership, with investors favoring companies that benefit from AI spending. However, the firm continues to focus on value discipline, avoiding AI-driven market fads, prioritizing companies trading below intrinsic value. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Oakmark U.S. Concentrated Strategy highlighted Marsh & McLennan Companies, Inc. (NYSE:MRSH) as a newly established position. Marsh & McLennan Companies, Inc. (NYSE:MRSH) is a leading insurance broker and professional services firm. On July 28, 2026, Marsh & McLennan Companies, Inc. (NYSE:MRSH) closed at $192.19 per share, reflecting a market capitalization of $91.72 billion. Marsh & McLennan Companies, Inc. (NYSE:MRSH) posted a one-month return of 11.65%, while its shares lost 4.17% over the past 52 weeks.
Oakmark U.S. Concentrated Strategy stated the following regarding Marsh & McLennan Companies, Inc. (NYSE:MRSH) in its Q2 2026 investor update:
"Marsh & McLennan Companies, Inc. (NYSE:MRSH) is the world's largest insurance broker and risk management firm. In our view, it is well-positioned as a leader in what we think is an oligopolistic market, benefiting from strong organic revenue growth and a long track record of consistent margin expansion. We think this strong performance is poised to be supplemented by management's unifying re branding efforts, which center on rolling out an expense program, leveraging AI to improve productivity, and centralizing its technology and operations to drive efficiencies and pro duce significant savings over time. Despite solid historical performance, dominant positioning, and continued operational improvements, the stock has fallen out of favor due to softening insurance rates and macroeconomic uncertainty, creating an opportunity to invest in an in dustry-leading company at an attractive price."
Marsh & McLennan Companies, Inc. (NYSE:MRSH) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 55 hedge fund portfolios held Marsh & McLennan Companies, Inc. (NYSE:MRSH) at the end of the first quarter, compared to 69 in the previous quarter. While we acknowledge the risk and potential of Marsh & McLennan Companies, Inc. (NYSE:MRSH) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Ma

Harris Oakmark recently released its second-quarter 2026 investor letter for the "Oakmark U.S. Concentrated Strategy". A copy of the letter can be downloaded here. The strategy returned 9.21% (net) in the second quarter, lagging the Russell 1000 Value Index's 13.87%. U.S. equities finished higher during the quarter, with nine of eleven GICS sectors posting gains, led by technology and industrials, while energy and utilities detracted. The market showed concentrated leadership, with investors favoring companies that benefit from AI spending. However, the firm continues to focus on value discipline, avoiding AI-driven market fads, prioritizing companies trading below intrinsic value. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Oakmark U.S. Concentrated Strategy highlighted ICON Public Limited Company (NASDAQ:ICLR). ICON Public Limited Company (NASDAQ:ICLR) is a clinical research organization that provides outsourced development and commercialization services to the pharmaceutical, biotechnology, and medical device industries. On July 28, 2026, ICON Public Limited Company (NASDAQ:ICLR) stock closed at $180.24 per share. One-month return of ICON Public Limited Company (NASDAQ:ICLR) was 2.96%, and its shares lost 0.69% over the past 52 weeks. ICON Public Limited Company (NASDAQ:ICLR) has a market capitalization of about $13.91 billion.
Oakmark U.S. Concentrated Strategy stated the following regarding ICON Public Limited Company (NASDAQ:ICLR) in its Q2 2026 investor update:
"ICON Public Limited Company (NASDAQ:ICLR) was a contributor during the quarter. The Ireland-headquartered and U.S.-listed clinical research organization reported two sets of results as it caught up following its accounting re view, both in line with expectations against an improving pharma backdrop. Bookings were the standout, with a strong net book-to-bill and sharply lower cancellations than a year ago, led by full-service outsourcing. Given the business's long-cycle nature, this should support accelerating revenue growth in coming years if sustained. Margins met guidance, and management is confident in further gains from steps al ready underway. With the accounting clean-up behind it, ICON plans to resume buybacks, its top capital priority, after next quarter's earnings. We continue to see ICON as the leading pure play in an attractive industry with a long runway for future growth."
ICON Public Limited Company (NASDAQ:ICLR) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 49 hedge fund portfolios held ICON Public Limited Company (NASDAQ:ICLR) at the end of the first quarter, up from 41 in the previous quarter. While we acknowledge the risk and potential of ICON Public Limited Company (NASDAQ:ICLR) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within