13 hours ago
On September 14, Evercore ISI raised its price target for Netflix, Inc. (NASDAQ:NFLX) from $100 to $110 while maintaining its Outperform rating. The research firm rolled its valuation framework forward to 2028 and applied a multiple of 25 times its 2028 EPS estimate.
The new price target represents more than 40% upside from the share price of $76.41 as of September 16. However, the stock has declined about 16% year-to-date and remains well below its 52-week high of $124.86.
Evercore ISI conducted its 58th quarterly US survey and 12th semi-annual ****** an survey on Netflix, Inc. (NASDAQ:NFLX), which showed multi-year high penetration of 63% in the US and a record-high 22% penetration in ****** an.
Japan also showed strong subscriber engagement as 58% of subscribers said they were slightly or not at all likely to cancel. Subscriber satisfaction in ****** an also reached 67%.
The company's new ads plan also showed encouraging signs in ****** an. About 66% of new ads plan subscribers were either former Netflix users or people who were new to Netflix.
#high
The new price target represents more than 40% upside from the share price of $76.41 as of September 16. However, the stock has declined about 16% year-to-date and remains well below its 52-week high of $124.86.
Evercore ISI conducted its 58th quarterly US survey and 12th semi-annual ****** an survey on Netflix, Inc. (NASDAQ:NFLX), which showed multi-year high penetration of 63% in the US and a record-high 22% penetration in ****** an.
Japan also showed strong subscriber engagement as 58% of subscribers said they were slightly or not at all likely to cancel. Subscriber satisfaction in ****** an also reached 67%.
The company's new ads plan also showed encouraging signs in ****** an. About 66% of new ads plan subscribers were either former Netflix users or people who were new to Netflix.
#high
14 hours ago
On September 9, 2026, Casey's General Stores, Inc. (NASDAQ:CASY) reported fiscal first-quarter revenue of $5.68 billion, up 24.3% year over year, and earnings per share of $7.37, beating the $6.78 ******* yst consensus. Yet shares fell roughly 10-15% after same-store sales grew just 3.2%, below the 3.8% Wall Street had expected.
CEO Darren Rebelez described a "volatile" fuel environment during the quarter. Same-store fuel gallons sold declined 0.3% as elevated prices pushed customers toward fewer gallons per visit, more frequent trips, and cheaper fuel grades.
Fuel profitability more than offset softer gallon volumes. Fuel gross profit jumped 19.6% to $446.9 million as the fuel margin expanded to 47.8 cents per gallon from 41.0 cents a year earlier. It shows Casey's General Stores, Inc. (NASDAQ:CASY)'s pricing discipline can protect profitability even when customers buy fewer gallons. Prepared food added another source of margin strength, with same-store sales rising 4.8% and margins expanding to 59.3% from 58.0%.
Strong earnings growth gives Casey's a solid start to fiscal 2027. EBITDA grew 17.1% to $485.1 million, while net income rose 27.1% to $273.7 million. It shows that Casey's can grow earnings despite softer same-store sales. The firm also delivered $5.68 billion of revenue, up 24% year over year and above the $5.56 billion ******* yst estimate. It gives investors evidence that the overall business remains capable of producing strong growth.
Casey's is expanding its store base and integrating Fikes. The business said the Fikes integration remains ahead of schedule and maintained its plan to open at least 120 stores in fiscal 2027 through construction and acquisitions. Ongoing unit growth can expand Casey's geographic reach, increase purchasing scale, and support long-term revenue growth even if mature-store sales remain uneven.
#fuel #revenue
CEO Darren Rebelez described a "volatile" fuel environment during the quarter. Same-store fuel gallons sold declined 0.3% as elevated prices pushed customers toward fewer gallons per visit, more frequent trips, and cheaper fuel grades.
Fuel profitability more than offset softer gallon volumes. Fuel gross profit jumped 19.6% to $446.9 million as the fuel margin expanded to 47.8 cents per gallon from 41.0 cents a year earlier. It shows Casey's General Stores, Inc. (NASDAQ:CASY)'s pricing discipline can protect profitability even when customers buy fewer gallons. Prepared food added another source of margin strength, with same-store sales rising 4.8% and margins expanding to 59.3% from 58.0%.
Strong earnings growth gives Casey's a solid start to fiscal 2027. EBITDA grew 17.1% to $485.1 million, while net income rose 27.1% to $273.7 million. It shows that Casey's can grow earnings despite softer same-store sales. The firm also delivered $5.68 billion of revenue, up 24% year over year and above the $5.56 billion ******* yst estimate. It gives investors evidence that the overall business remains capable of producing strong growth.
Casey's is expanding its store base and integrating Fikes. The business said the Fikes integration remains ahead of schedule and maintained its plan to open at least 120 stores in fiscal 2027 through construction and acquisitions. Ongoing unit growth can expand Casey's geographic reach, increase purchasing scale, and support long-term revenue growth even if mature-store sales remain uneven.
#fuel #revenue
14 hours ago
On September 9, 2026, Jersey Mike's Subs Inc. (NYSE:JMKE) reported its first quarterly results as a public company, with total revenue up 10% year over year to $208 million and same-store sales accelerating to 2.3% growth from 1.7% in the prior quarter. It was primarily driven by transaction growth even as the restaurant industry faced weak traffic trends. Net income fell to $37 million from $59 million a year earlier. It showed non-routine expenses, advertising fund timing, and higher interest costs following the company's July initial public offering, partially offset by a $14 million gain on the sale of corporate-owned stores.
Jersey Mike's Subs Inc. (NYSE:JMKE) is gaining customers while its brand remains a major competitive advantage. The firm added 83 stores in the second quarter. It grew its customer base and increased systemwide sales 10% to $1.21 billion. Jersey Mike's also earned the No. 1 ranking among U.S. quick-service restaurant brands in the 2026 American Customer Satisfaction Index, surpassing Chick-fil-A after 11 consecutive years at the top. It gives the newly public company a strong foundation for continued customer and franchisee growth.
The business has substantial whitespace for long-term unit growth. Jersey Mike's ended the quarter with 3,378 locations and maintains a domestic development pipeline of more than 1,600 stores, with more than 90% of that pipeline coming from existing franchisees. Management estimates that the U.S. market could eventually support roughly 7,500 locations and sees potential to reach approximately 15,000 stores globally. It gives the business a long runway for franchise-led revenue and royalty growth.
Digital engagement and transaction growth give Jersey Mike's more avenues to increase sales. Digital sales represented 43% of systemwide sales in the second quarter, up from 41% a year earlier. Same-store sales increased 2.3% mainly because customers placed more transactions. Jersey Mike's also had more than 12.5 million active MyMike's loyalty members in 2025. It provides the company with a large customer database that it can use to increase frequency and personalize marketing as it expands.
Jersey Mike's Subs Inc. (NYSE:JMKE) still faces a significant profitability challenge despite its revenue growth. Second-quarter revenue jumped 10% to $208 million. However, net income fell 37% to $37 million from $59 million a year earlier. Management attributed part of the decline to advertising-fund timing and higher interest expense. It shows that revenue growth has not yet translated into comparable bottom-line growth for shareholders.
#million #customer
Jersey Mike's Subs Inc. (NYSE:JMKE) is gaining customers while its brand remains a major competitive advantage. The firm added 83 stores in the second quarter. It grew its customer base and increased systemwide sales 10% to $1.21 billion. Jersey Mike's also earned the No. 1 ranking among U.S. quick-service restaurant brands in the 2026 American Customer Satisfaction Index, surpassing Chick-fil-A after 11 consecutive years at the top. It gives the newly public company a strong foundation for continued customer and franchisee growth.
The business has substantial whitespace for long-term unit growth. Jersey Mike's ended the quarter with 3,378 locations and maintains a domestic development pipeline of more than 1,600 stores, with more than 90% of that pipeline coming from existing franchisees. Management estimates that the U.S. market could eventually support roughly 7,500 locations and sees potential to reach approximately 15,000 stores globally. It gives the business a long runway for franchise-led revenue and royalty growth.
Digital engagement and transaction growth give Jersey Mike's more avenues to increase sales. Digital sales represented 43% of systemwide sales in the second quarter, up from 41% a year earlier. Same-store sales increased 2.3% mainly because customers placed more transactions. Jersey Mike's also had more than 12.5 million active MyMike's loyalty members in 2025. It provides the company with a large customer database that it can use to increase frequency and personalize marketing as it expands.
Jersey Mike's Subs Inc. (NYSE:JMKE) still faces a significant profitability challenge despite its revenue growth. Second-quarter revenue jumped 10% to $208 million. However, net income fell 37% to $37 million from $59 million a year earlier. Management attributed part of the decline to advertising-fund timing and higher interest expense. It shows that revenue growth has not yet translated into comparable bottom-line growth for shareholders.
#million #customer
15 hours ago
On September 9, 2026, Independence Realty Trust, Inc. (NYSE:IRT) and Centerspace announced a definitive all-stock merger agreement. It creates a combined middle-market apartment REIT with a pro forma equity market capitalization of about $5.0 billion and a total enterprise value of approximately $8.1 billion, encompassing more than 44,000 units.
The combined company will retain the Independence Realty Trust name and NYSE ticker "IRT." IRT's Scott Schaeffer continues as Chairman and CEO. The management projects the deal will be roughly 5% accretive to 2027 Core FFO per share for shareholders of both companies.
The merger gives Independence Realty Trust, Inc. (NYSE:IRT) higher scale and significantly broader geographic diversification. The combined company will own 44,354 apartment units across 163 communities in 17 states, with 58% of pro forma NOI coming from Sunbelt markets, 27% from the Midwest, and 15% from the Mountain West. The overall footprint reduces reliance on any single regional apartment market while keeping substantial exposure to markets with strong population and employment growth.
IRT can apply its existing value-creation strategy across a much larger portfolio. Its value-add renovation program has delivered about a 16% historical return on investment. The firm expects to grow its Wi-Fi initiative and other technology and income-generating programs across Centerspace's properties. Management also expects approximately $24 million in annualized synergies. It supports roughly 5% accretion to 2027 Core FFO per share on a leverage-neutral basis.
The all-stock structure allows the companies to chase greater scale without adding acquisition debt. IRT and Centerspace expect the combined company to retain BBB/BBB investment-grade credit ratings and maintain a well-laddered debt maturity profile. Centerspace shareholders will receive IRT shares and own approximately 22% of the combined company. It gives them exposure to the larger platform. Management also expects the transaction to improve access to capital markets and reduce the combined firm's cost of capital over time.
#management
The combined company will retain the Independence Realty Trust name and NYSE ticker "IRT." IRT's Scott Schaeffer continues as Chairman and CEO. The management projects the deal will be roughly 5% accretive to 2027 Core FFO per share for shareholders of both companies.
The merger gives Independence Realty Trust, Inc. (NYSE:IRT) higher scale and significantly broader geographic diversification. The combined company will own 44,354 apartment units across 163 communities in 17 states, with 58% of pro forma NOI coming from Sunbelt markets, 27% from the Midwest, and 15% from the Mountain West. The overall footprint reduces reliance on any single regional apartment market while keeping substantial exposure to markets with strong population and employment growth.
IRT can apply its existing value-creation strategy across a much larger portfolio. Its value-add renovation program has delivered about a 16% historical return on investment. The firm expects to grow its Wi-Fi initiative and other technology and income-generating programs across Centerspace's properties. Management also expects approximately $24 million in annualized synergies. It supports roughly 5% accretion to 2027 Core FFO per share on a leverage-neutral basis.
The all-stock structure allows the companies to chase greater scale without adding acquisition debt. IRT and Centerspace expect the combined company to retain BBB/BBB investment-grade credit ratings and maintain a well-laddered debt maturity profile. Centerspace shareholders will receive IRT shares and own approximately 22% of the combined company. It gives them exposure to the larger platform. Management also expects the transaction to improve access to capital markets and reduce the combined firm's cost of capital over time.
#management
15 hours ago
On September 8, 2026, Reuters reported that ASML Holding N.V. (NASDAQ:ASML) plans to work with major customers. It includes Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), Nvidia, Intel, Samsung, and SK Hynix to adapt its next-generation "High NA" extreme ultraviolet lithography tools so they can print larger data-center chips. It addresses a current limitation where the newer machines use a smaller mask than ASML's widely deployed standard EUV tools.
ASML targets a pilot production line using the larger masks by 2031 and high-volume manufacturing readiness by 2033. Chief technology officer Marco Pieters said these changes could lift the productivity of these systems by roughly 40%.
The larger-mask project could create a new growth opportunity for ASML Holding N.V. (NASDAQ:ASML) while helping TSMC manufacture larger AI chips more efficiently. ASML plans to use its High NA EUV tools to handle chips as large as today's biggest data-center processors. The business expects the larger masks to increase system productivity by 40%. It could scale up demand for its next-generation equipment and help TSMC improve the economics of producing increasingly large and complex chips.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)'s planned use gives ASML a clear path toward commercializing the technology. TSMC plans to introduce High NA EUV into advanced-node high-volume production from 2030. ASML aims to show its larger-mask technology through a pilot line in 2031. TSMC's commitment could give ASML greater visibility into future equipment demand. Early use could help TSMC maintain its advanced-chip manufacturing advantage.
The collaboration could solidify both companies' positions as chipmakers develop larger and more powerful processors. ASML can extend its High NA roadmap beyond its current chip-size limitation. TSMC can prepare its manufacturing processes for the next generation of AI chips. The partnership gives ASML an opportunity to deepen its relationship with one of its largest customers and gives TSMC access to a technology that could support future advanced-chip production.
#asml #technology #plans #next
ASML targets a pilot production line using the larger masks by 2031 and high-volume manufacturing readiness by 2033. Chief technology officer Marco Pieters said these changes could lift the productivity of these systems by roughly 40%.
The larger-mask project could create a new growth opportunity for ASML Holding N.V. (NASDAQ:ASML) while helping TSMC manufacture larger AI chips more efficiently. ASML plans to use its High NA EUV tools to handle chips as large as today's biggest data-center processors. The business expects the larger masks to increase system productivity by 40%. It could scale up demand for its next-generation equipment and help TSMC improve the economics of producing increasingly large and complex chips.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)'s planned use gives ASML a clear path toward commercializing the technology. TSMC plans to introduce High NA EUV into advanced-node high-volume production from 2030. ASML aims to show its larger-mask technology through a pilot line in 2031. TSMC's commitment could give ASML greater visibility into future equipment demand. Early use could help TSMC maintain its advanced-chip manufacturing advantage.
The collaboration could solidify both companies' positions as chipmakers develop larger and more powerful processors. ASML can extend its High NA roadmap beyond its current chip-size limitation. TSMC can prepare its manufacturing processes for the next generation of AI chips. The partnership gives ASML an opportunity to deepen its relationship with one of its largest customers and gives TSMC access to a technology that could support future advanced-chip production.
#asml #technology #plans #next
15 hours ago
Toward the end of the lightning round on September 17, a caller asked for Mad Money's host Jim Cramer's thoughts on Iron Mountain Incorporated (NYSE:IRM), and he replied:
It's been an incredible stock. It's a real estate investment trust, basically. And you know, we know that they shred, 3% yield, down 20 points from its high. I think it's a buy.
Iron Mountain Incorporated (NYSE:IRM) operates a highly durable business model centered on physical records management, secure document destruction, and expanding digital infrastructure. In Q2, total revenue reached $2.03 billion, representing an 18.7% increase year-over-year and 16.8% organic growth. The core physical storage business provides reliable cash flow, with storage rental revenue expanding 11.5% year-over-year excluding foreign-exchange effects across a global customer base of 240,000. Adjusted funds from operations grew 17% to $432.7 million, or $1.44 per share.
At the same time, management has channeled capital into scaling higher-growth segments, including digital solutions, ***** et lifecycle management, and data center operations. The data center segment posted 39% revenue growth during the second quarter, securing 110 megawatts in new leases through July and increasing power capacity across major enterprise markets. Operating as a real estate investment trust, the company maintains a quarterly dividend of $0.864 per share, offering shareholders a forward yield of over 3%.
On the other hand, Iron Mountain Incorporated (NYSE:IRM) faces risks inherent to capital-intensive real estate infrastructure expansion. Rapid buildouts of data center power capacity demand substantial capital expenditure, leading to elevated leverage across the balance sheet. Long-term debt, net of the current portion, reached approximately $17.1 billion at the end of the second quarter, increasing sensitivity to interest rate fluctuations and refinancing costs.
#revenue #Growth
It's been an incredible stock. It's a real estate investment trust, basically. And you know, we know that they shred, 3% yield, down 20 points from its high. I think it's a buy.
Iron Mountain Incorporated (NYSE:IRM) operates a highly durable business model centered on physical records management, secure document destruction, and expanding digital infrastructure. In Q2, total revenue reached $2.03 billion, representing an 18.7% increase year-over-year and 16.8% organic growth. The core physical storage business provides reliable cash flow, with storage rental revenue expanding 11.5% year-over-year excluding foreign-exchange effects across a global customer base of 240,000. Adjusted funds from operations grew 17% to $432.7 million, or $1.44 per share.
At the same time, management has channeled capital into scaling higher-growth segments, including digital solutions, ***** et lifecycle management, and data center operations. The data center segment posted 39% revenue growth during the second quarter, securing 110 megawatts in new leases through July and increasing power capacity across major enterprise markets. Operating as a real estate investment trust, the company maintains a quarterly dividend of $0.864 per share, offering shareholders a forward yield of over 3%.
On the other hand, Iron Mountain Incorporated (NYSE:IRM) faces risks inherent to capital-intensive real estate infrastructure expansion. Rapid buildouts of data center power capacity demand substantial capital expenditure, leading to elevated leverage across the balance sheet. Long-term debt, net of the current portion, reached approximately $17.1 billion at the end of the second quarter, increasing sensitivity to interest rate fluctuations and refinancing costs.
#revenue #Growth
19 hours ago
SPX Technologies, Inc. (NYSE:SPXC) announced on September 15 that it completed the acquisition of FIS Water, LLC for approximately $410 million in cash, including certain tax attributes. The acquired business is expected to generate approximately $105 million of revenue in 2026.
That is FIS Water's full-year revenue forecast; its contribution to consolidated 2026 results will reflect the ownership period. The stated cash consideration equals approximately 3.9 times expected annual revenue, making profitability and cash conversion central to the investment case.
FIS Water expands the products SPX Technologies, Inc. (NYSE:SPXC) can supply to cooling customers. Its filtration and flow-control products remove solids, maintain water quality, and regulate water movement in commercial and industrial cooling systems, including data centers.
The business has joined the HVAC segment, covering heating, ventilation and air conditioning, within its Cooling operations. Its products complement existing cooling-tower offerings, while its valves and actuators also fit the recently acquired Neptronic controls business.
The strategic attraction is customer overlap. Management identified shared customers, engineering specifications and sales channels, and plans to use its global distribution and equipment-manufacturer relationships to support growth.
#cooling #NYSE
That is FIS Water's full-year revenue forecast; its contribution to consolidated 2026 results will reflect the ownership period. The stated cash consideration equals approximately 3.9 times expected annual revenue, making profitability and cash conversion central to the investment case.
FIS Water expands the products SPX Technologies, Inc. (NYSE:SPXC) can supply to cooling customers. Its filtration and flow-control products remove solids, maintain water quality, and regulate water movement in commercial and industrial cooling systems, including data centers.
The business has joined the HVAC segment, covering heating, ventilation and air conditioning, within its Cooling operations. Its products complement existing cooling-tower offerings, while its valves and actuators also fit the recently acquired Neptronic controls business.
The strategic attraction is customer overlap. Management identified shared customers, engineering specifications and sales channels, and plans to use its global distribution and equipment-manufacturer relationships to support growth.
#cooling #NYSE
21 hours ago
Phillips 66 (NYSE:PSX) has been on a strong rally this year, posting gains of over 110% since the beginning of 2026. The outperformance has been driven by an unusually sharp surge in global refining margins amid the war in the Middle East, which has significantly tightened the world's refining capacity and reduced supplies of gasoline, diesel, and jet fuel.
Given Phillips 66's substantial outperformance compared to the wider market, investors may be questioning whether the stock's record-setting run has reached its peak. However, the ****** ysts over at BMO Capital see further upside ahead. On September 17, the firm raised its price target on PSX from $260 to $310, while maintaining an 'Outperform' rating on the shares. The target boost implies an upside of 13% from the current levels and even exceeds the stock's all-time high of over $274 achieved earlier this month.
BMO Capital highlighted Phillips 66's integrated business model, noting that it has gained momentum and outperformed its individual segments, supported by strong execution across the portfolio. While Refining and Renewables remain the cyclical leaders, BMO also sees a favorable medium-term growth outlook for the company's Midstream business.
BMO Capital's vote of confidence comes amid a broader optimism surrounding Phillips 66, with ****** ysts from Morgan Stanley, Raymon James, UBS, and several others also improving their respective outlooks on PSX. This suggests that Wall Street expects the ongoing refining upcycle to last longer than previously expected, particularly following the renewed escalations between Iran and the United States.
The supply disruptions now extend beyond the troubled region, as a recent wave of Ukrainian attacks on Russian refineries has further reduced global refining capacity and provided further support to margins.
#further #margins #amid
Given Phillips 66's substantial outperformance compared to the wider market, investors may be questioning whether the stock's record-setting run has reached its peak. However, the ****** ysts over at BMO Capital see further upside ahead. On September 17, the firm raised its price target on PSX from $260 to $310, while maintaining an 'Outperform' rating on the shares. The target boost implies an upside of 13% from the current levels and even exceeds the stock's all-time high of over $274 achieved earlier this month.
BMO Capital highlighted Phillips 66's integrated business model, noting that it has gained momentum and outperformed its individual segments, supported by strong execution across the portfolio. While Refining and Renewables remain the cyclical leaders, BMO also sees a favorable medium-term growth outlook for the company's Midstream business.
BMO Capital's vote of confidence comes amid a broader optimism surrounding Phillips 66, with ****** ysts from Morgan Stanley, Raymon James, UBS, and several others also improving their respective outlooks on PSX. This suggests that Wall Street expects the ongoing refining upcycle to last longer than previously expected, particularly following the renewed escalations between Iran and the United States.
The supply disruptions now extend beyond the troubled region, as a recent wave of Ukrainian attacks on Russian refineries has further reduced global refining capacity and provided further support to margins.
#further #margins #amid
22 hours ago
Chevron Corporation (NYSE:CVX) is about to significantly expand its operations in Venezuela. The company's CFO, Eimear Bonner, revealed at a Barclays conference on September 8 that the American oil giant plans to more than double the number of oil rigs it operates in the country as part of its five-year plan to increase output.
The statement follows the company's recent announcement that its joint venture partnerships in Venezuela would invest more than $7 billion to more than double oil output to 600,000 barrels per day by 2031. The current production from Chevron's three Venezuelan JVs totals around 290,000, which is all exported to the United States.
The move builds on Chevron's longstanding presence in Venezuela, as it was the only American oil major that continued operating in the country under a special US license, allowing it to produce and export oil despite the sanctions.
The expansion comes alongside a much larger agreement between Washington and Caracas announced this month, which gave the US majority control over around 20% of Venezuela's proven crude reserves. The White House has now invited American oil companies to revive and modernize the South American country's oil infrastructure and more than double its crude production in the next few years.
Chevron has maintained operations in Venezuela since 1923 and even stayed through the nationalizations that forced ExxonMobil and ConocoPhillips to exit in 2007. This gives it a significant competitive advantage, since it already has a longstanding relationship with the state-owned PDVSA and extensive experience operating in the country's complex regulatory environment.
#around
The statement follows the company's recent announcement that its joint venture partnerships in Venezuela would invest more than $7 billion to more than double oil output to 600,000 barrels per day by 2031. The current production from Chevron's three Venezuelan JVs totals around 290,000, which is all exported to the United States.
The move builds on Chevron's longstanding presence in Venezuela, as it was the only American oil major that continued operating in the country under a special US license, allowing it to produce and export oil despite the sanctions.
The expansion comes alongside a much larger agreement between Washington and Caracas announced this month, which gave the US majority control over around 20% of Venezuela's proven crude reserves. The White House has now invited American oil companies to revive and modernize the South American country's oil infrastructure and more than double its crude production in the next few years.
Chevron has maintained operations in Venezuela since 1923 and even stayed through the nationalizations that forced ExxonMobil and ConocoPhillips to exit in 2007. This gives it a significant competitive advantage, since it already has a longstanding relationship with the state-owned PDVSA and extensive experience operating in the country's complex regulatory environment.
#around
22 hours ago
Valero Energy Corporation (NYSE:VLO) has been on a strong rally, posting gains of over 140% since the beginning of 2026. The strong performance is fuelled by an unusually sharp surge in global refining margins as the ongoing disruptions have significantly reduced the world's refining capacity and tightened supplies of gasoline, diesel, and jet fuel.
While there are now investor concerns that the stock may have topped out, Wall Street sees further upside ahead. On September 14, Morgan Stanley ******* yst Joe Laetsch significantly boosted the firm's price target on VLO from $255 to $411, while maintaining an 'Equal Weight' rating on the shares. The revised target implies an upside of almost 4% from the current levels and even exceeds the stock's all-time high of just under $400 per share.
The higher price objective is supported by the possibility that Valero can translate the favorable refining environment into material earnings and cash flows. The company did exactly that in the second quarter, when it posted its highest-ever Q2 profit and topped Wall Street expectations.
It seems like the high-margin environment is here to stay following a fresh wave of attacks between the US and Iran. Even if the attacks stop and a potential peace agreement is achieved, the damaged or idled refineries in the Middle East are likely to take some time to return to full operations, keeping refined-fuel markets relatively tight. Notably, the supply disruptions also extend beyond the troubled region, as a recent series of Ukrainian strikes on Russian refineries has further constrained global refining capacity.
Valero's FCC Unit optimization project at its St. Charles Refinery will allow it to capitalize even further on the high-priced environment. Expected to be completed in the third quarter, the $230 million initiative will help enhance the facility's ability to produce high-value products.
#even #environment #wall #strong
While there are now investor concerns that the stock may have topped out, Wall Street sees further upside ahead. On September 14, Morgan Stanley ******* yst Joe Laetsch significantly boosted the firm's price target on VLO from $255 to $411, while maintaining an 'Equal Weight' rating on the shares. The revised target implies an upside of almost 4% from the current levels and even exceeds the stock's all-time high of just under $400 per share.
The higher price objective is supported by the possibility that Valero can translate the favorable refining environment into material earnings and cash flows. The company did exactly that in the second quarter, when it posted its highest-ever Q2 profit and topped Wall Street expectations.
It seems like the high-margin environment is here to stay following a fresh wave of attacks between the US and Iran. Even if the attacks stop and a potential peace agreement is achieved, the damaged or idled refineries in the Middle East are likely to take some time to return to full operations, keeping refined-fuel markets relatively tight. Notably, the supply disruptions also extend beyond the troubled region, as a recent series of Ukrainian strikes on Russian refineries has further constrained global refining capacity.
Valero's FCC Unit optimization project at its St. Charles Refinery will allow it to capitalize even further on the high-priced environment. Expected to be completed in the third quarter, the $230 million initiative will help enhance the facility's ability to produce high-value products.
#even #environment #wall #strong
1 day ago
Accenture plc (NYSE:ACN) investors are having a rough year, with the shares down more than 25%. Now Wall Street is divided over the company's outlook.
Morgan Stanley raised its price target on Accenture to $175 from $130 on September 14. Accenture shares soared more than 6% in afternoon trading following the price target increase, even though the firm reiterated its Equal weight rating on the stock.
Meanwhile, UBS recently maintained a Buy rating on the stock with a price target of $275. The bank pointed to confidence in the company's positioning around AI and, in separate notes, its acquisition strategy. However, Wells Fargo downgraded Accenture to Equal Weight. According to Wells Fargo, macroeconomic pressures could weigh on fiscal 2027 growth expectations.
The question is whether Accenture's expanding AI capabilities and acquisitions can translate into long-term growth.
Accenture's AI fortunes are tied to enterprise deployment of the technology. The company has formed a joint business group with Google Cloud to deploy AI engineers across enterprise clients. That arrangement gives Accenture another channel through which AI adoption can create demand for consulting, implementation, and integration services.
#fargo
Morgan Stanley raised its price target on Accenture to $175 from $130 on September 14. Accenture shares soared more than 6% in afternoon trading following the price target increase, even though the firm reiterated its Equal weight rating on the stock.
Meanwhile, UBS recently maintained a Buy rating on the stock with a price target of $275. The bank pointed to confidence in the company's positioning around AI and, in separate notes, its acquisition strategy. However, Wells Fargo downgraded Accenture to Equal Weight. According to Wells Fargo, macroeconomic pressures could weigh on fiscal 2027 growth expectations.
The question is whether Accenture's expanding AI capabilities and acquisitions can translate into long-term growth.
Accenture's AI fortunes are tied to enterprise deployment of the technology. The company has formed a joint business group with Google Cloud to deploy AI engineers across enterprise clients. That arrangement gives Accenture another channel through which AI adoption can create demand for consulting, implementation, and integration services.
#fargo
1 day ago
Cybersecurity provider CrowdStrike Holdings, Inc. (NASDAQ:CRWD)'s shares are up by more than 100% year to date. With AI continuing to dominate the market narrative, the firm has found itself at the center of the industry's concerns about cybersecurity. While some, such as Anthropic's Dario Amodei, have claimed that their AI software is sufficient for cybersecurity purposes, others have argued that firms such as CrowdStrike Holdings, Inc. (NASDAQ:CRWD) will play a key role in the industry. Cramer is in the latter camp, and in his morning appearance on September 15th, the CNBC TV host discussed the recent discussions about AI being a threat:
"I had George Kurtz last night, who has partnered both with OpenAI and Anthropic. And he encouraged me to say look, they are doing a lot of things about safeguards. I think he was so much surprised, that there was so much doomsaying, of course, doomsaying being heavily refuted. Now there's a stock, remember that stock was up the most of any stock in the S&P."
While Cramer believes CrowdStrike Holdings, Inc. (NASDAQ:CRWD) will play an important role in cybersecurity in the AI era, the broader debate about the firm is about its AI-driven cybersecurity initiatives and whether they are sufficient to stay competitive and justify the eye-watering share price performance. On this front, the firm's annual recurring revenue (ARR) grew by 25% and net new ARR grew by 55% in its fiscal second quarter. Additionally, CrowdStrike Holdings, Inc. (NASDAQ:CRWD)'s net new ARR set a new record of $333 million. Cramer's bullishness on the firm is also matched by others, such as ******* ysts from Argus. Argus has set a $425 share price target for CrowdStrike Holdings, Inc. (NASDAQ:CRWD) and argued that growth in agentic AI use presents a major tailwind for the firm.
Yet, in a classic case of the bigger you are, the harder you fall, CrowdStrike Holdings, Inc. (NASDAQ:CRWD)'s massive growth creates risk. For its fiscal second quarter, the firm has guided net new ARR to range between $343 million and $347 million to imply growth ranging between 29% to 31%. Considering that the metric grew by 55% in Q1, the new figures do indicate a slowdown. As for catalysts from agentic AI, CrowdStrike Holdings, Inc. (NASDAQ:CRWD)'s next-gen SIEM (Security Information and Event Management) ending ARR grew by 60% to $695 million in the second quarter.
Hedge fund interest in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) grew in Q2. According to Insider Monkey's data, 89 out of 1,006 funds had held a stake in the firm during the period. This marked a jump over the 89 out of the 1,022 funds in Q1. As for valuation, CrowdStrike Holdings, Inc. (NASDAQ:CRWD)'s forward P/E ratio of 188 is significantly higher than peer firm Palo Alto's 89 which should increase the pressure to maintain growth. Short interest as a percentage of float is 2.41% for CrowdStrike Holdings, Inc. (NASDAQ:CRWD) compared to 2.65% for Palo Alto.
#NASDAQ #firm #grew
"I had George Kurtz last night, who has partnered both with OpenAI and Anthropic. And he encouraged me to say look, they are doing a lot of things about safeguards. I think he was so much surprised, that there was so much doomsaying, of course, doomsaying being heavily refuted. Now there's a stock, remember that stock was up the most of any stock in the S&P."
While Cramer believes CrowdStrike Holdings, Inc. (NASDAQ:CRWD) will play an important role in cybersecurity in the AI era, the broader debate about the firm is about its AI-driven cybersecurity initiatives and whether they are sufficient to stay competitive and justify the eye-watering share price performance. On this front, the firm's annual recurring revenue (ARR) grew by 25% and net new ARR grew by 55% in its fiscal second quarter. Additionally, CrowdStrike Holdings, Inc. (NASDAQ:CRWD)'s net new ARR set a new record of $333 million. Cramer's bullishness on the firm is also matched by others, such as ******* ysts from Argus. Argus has set a $425 share price target for CrowdStrike Holdings, Inc. (NASDAQ:CRWD) and argued that growth in agentic AI use presents a major tailwind for the firm.
Yet, in a classic case of the bigger you are, the harder you fall, CrowdStrike Holdings, Inc. (NASDAQ:CRWD)'s massive growth creates risk. For its fiscal second quarter, the firm has guided net new ARR to range between $343 million and $347 million to imply growth ranging between 29% to 31%. Considering that the metric grew by 55% in Q1, the new figures do indicate a slowdown. As for catalysts from agentic AI, CrowdStrike Holdings, Inc. (NASDAQ:CRWD)'s next-gen SIEM (Security Information and Event Management) ending ARR grew by 60% to $695 million in the second quarter.
Hedge fund interest in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) grew in Q2. According to Insider Monkey's data, 89 out of 1,006 funds had held a stake in the firm during the period. This marked a jump over the 89 out of the 1,022 funds in Q1. As for valuation, CrowdStrike Holdings, Inc. (NASDAQ:CRWD)'s forward P/E ratio of 188 is significantly higher than peer firm Palo Alto's 89 which should increase the pressure to maintain growth. Short interest as a percentage of float is 2.41% for CrowdStrike Holdings, Inc. (NASDAQ:CRWD) compared to 2.65% for Palo Alto.
#NASDAQ #firm #grew
1 day ago
The first full week of trading in September didn't give Zscaler (NASDAQ: ZS) investors much to celebrate. During the shortened trading week that followed Labor Day, Zscaler dropped about 3%. This week, however, is a very different story, thanks to a firm providing an auspicious outlook for the cybersecurity stock.
According to data provided by S&P Global Market Intelligence, Zscaler shares were up 20.7% from the end of trading last Friday through 3:37 p.m. today.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ******* ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Maintaining its outperform rating, Bernstein hiked its price target on Zscaler stock to $298 from $224 on Thursday morning. Based on Zscaler's closing price of $191.58 on Wednesday, the Bernstein price target implies 56% upside.
According to Thefly.com, Bernstein based its improved outlook on the belief that there's growing positive market sentiment toward cybersecurity stocks. In addition, Bernstein notes that cybersecurity stocks it had previously identified as "too cheap" are now reasonable valued, yet Zscaler is one option that still provides material upside.
#week
According to data provided by S&P Global Market Intelligence, Zscaler shares were up 20.7% from the end of trading last Friday through 3:37 p.m. today.
Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our ******* ysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »
Maintaining its outperform rating, Bernstein hiked its price target on Zscaler stock to $298 from $224 on Thursday morning. Based on Zscaler's closing price of $191.58 on Wednesday, the Bernstein price target implies 56% upside.
According to Thefly.com, Bernstein based its improved outlook on the belief that there's growing positive market sentiment toward cybersecurity stocks. In addition, Bernstein notes that cybersecurity stocks it had previously identified as "too cheap" are now reasonable valued, yet Zscaler is one option that still provides material upside.
#week
1 day ago
Ramsey warns that depreciating ****** ets like cars erode wealth, and 84% of millionaires credited ditching car payments as key to building it.
A $30,000 car loses roughly $18,000 in value within five years, and average annual ownership costs hit $11,577, making cars a major wealth drag.
Since Micah maxes retirement accounts, carries zero debt, and pays cash, buying the sports car is defensible if he maintains those financial habits.
Two retirees, same $1 million, same 4% rule, buy one finished with $1.4 million, the other hit $0 in 12 years. Our free reader guide explains the flaw that separated them, and the income-first method built to avoid it.
A caller to the Dave Ramsey Show recently sparked a pointed conversation about cars, wealth, and what it actually means to earn a solid income. The caller was Micah, a 24-year-old earning $80,000 per year. He maxes out both his 401(k) and IRA and carries zero debt. His question was simple: he has $30,000 in cash and wants to put it toward a 2019 Nissan 370Z as a weekend car, but he wonders whether investing the money instead would serve him better long-term.
#zero
A $30,000 car loses roughly $18,000 in value within five years, and average annual ownership costs hit $11,577, making cars a major wealth drag.
Since Micah maxes retirement accounts, carries zero debt, and pays cash, buying the sports car is defensible if he maintains those financial habits.
Two retirees, same $1 million, same 4% rule, buy one finished with $1.4 million, the other hit $0 in 12 years. Our free reader guide explains the flaw that separated them, and the income-first method built to avoid it.
A caller to the Dave Ramsey Show recently sparked a pointed conversation about cars, wealth, and what it actually means to earn a solid income. The caller was Micah, a 24-year-old earning $80,000 per year. He maxes out both his 401(k) and IRA and carries zero debt. His question was simple: he has $30,000 in cash and wants to put it toward a 2019 Nissan 370Z as a weekend car, but he wonders whether investing the money instead would serve him better long-term.
#zero
2 days ago
Volkswagen cut its 2026 operating-margin forecast to no more than 1 per cent, down from a previous range of 4 to 5.5 per cent.
Approximately €10 billion in special charges includes a €6 billion non-cash impairment connected with Porsche.
Volkswagen maintained its cash-flow outlook, but the downgrade highlights deeper pressure from China, restructuring costs and lower-margin electric vehicles.
Volkswagen AG (OTC:VWAGY) shares suffered their sharpest decline in months after the German automaker warned that Porsche's deteriorating outlook and additional restructuring costs would substantially reduce its 2026 profit.
Volkswagen's preferred shares fell as much as 7.5 per cent in Frankfurt on Friday before closing 5.6 per cent lower. Shares of Porsche AG declined 3.3 per cent, while Volkswagen's largest shareholder, Porsche Automobil Holding SE, lost 4.9 per cent.
#volkswagen #Margin #billion
Approximately €10 billion in special charges includes a €6 billion non-cash impairment connected with Porsche.
Volkswagen maintained its cash-flow outlook, but the downgrade highlights deeper pressure from China, restructuring costs and lower-margin electric vehicles.
Volkswagen AG (OTC:VWAGY) shares suffered their sharpest decline in months after the German automaker warned that Porsche's deteriorating outlook and additional restructuring costs would substantially reduce its 2026 profit.
Volkswagen's preferred shares fell as much as 7.5 per cent in Frankfurt on Friday before closing 5.6 per cent lower. Shares of Porsche AG declined 3.3 per cent, while Volkswagen's largest shareholder, Porsche Automobil Holding SE, lost 4.9 per cent.
#volkswagen #Margin #billion
2 days ago
On September 14, Evercore ISI raised its price target for Netflix, Inc. (NASDAQ:NFLX) from $100 to $110 while maintaining its Outperform rating. The research firm rolled its valuation framework forward to 2028 and applied a multiple of 25 times its 2028 EPS estimate.
The new price target represents more than 40% upside from the share price of $76.41 as of September 16. However, the stock has declined about 16% year-to-date and remains well below its 52-week high of $124.86.
Evercore ISI conducted its 58th quarterly US survey and 12th semi-annual **** an survey on Netflix, Inc. (NASDAQ:NFLX), which showed multi-year high penetration of 63% in the US and a record-high 22% penetration in **** an.
Japan also showed strong subscriber engagement as 58% of subscribers said they were slightly or not at all likely to cancel. Subscriber satisfaction in **** an also reached 67%.
The company's new ads plan also showed encouraging signs in **** an. About 66% of new ads plan subscribers were either former Netflix users or people who were new to Netflix.
#netflix #price #september #evercore
The new price target represents more than 40% upside from the share price of $76.41 as of September 16. However, the stock has declined about 16% year-to-date and remains well below its 52-week high of $124.86.
Evercore ISI conducted its 58th quarterly US survey and 12th semi-annual **** an survey on Netflix, Inc. (NASDAQ:NFLX), which showed multi-year high penetration of 63% in the US and a record-high 22% penetration in **** an.
Japan also showed strong subscriber engagement as 58% of subscribers said they were slightly or not at all likely to cancel. Subscriber satisfaction in **** an also reached 67%.
The company's new ads plan also showed encouraging signs in **** an. About 66% of new ads plan subscribers were either former Netflix users or people who were new to Netflix.
#netflix #price #september #evercore
2 days ago
Interested in Ally Financial Inc.? Here are five stocks we like better.
Ally Financial reaffirmed its full-year net interest margin guidance of 3.6% to 3.7%, supported by balance-sheet growth in higher-yielding retail auto and Corporate Finance loans. However, about $20 million in third-quarter lease losses tied to recalled Stellantis vehicles is expected to keep sequential margin growth roughly flat.
Stellantis-related lease pressure is expected to persist through 2026 but ease in 2027 as Ally's lease portfolio becomes more diversified and protected leases begin to mature. Ally also reaffirmed its 2026 retail auto net charge-off guidance of 1.8% to 2%.
Ally reported growth across its core businesses, including a 7% year-over-year increase in deposit customers and roughly 25% loan growth in Corporate Finance since launching Focus Forward. The company maintained guidance for 3% to 5% average earning-asset growth and approximately 1% operating-expense growth while continuing capital returns.
OneMain's Yield Comes With a Catch
#year #stellantis
Ally Financial reaffirmed its full-year net interest margin guidance of 3.6% to 3.7%, supported by balance-sheet growth in higher-yielding retail auto and Corporate Finance loans. However, about $20 million in third-quarter lease losses tied to recalled Stellantis vehicles is expected to keep sequential margin growth roughly flat.
Stellantis-related lease pressure is expected to persist through 2026 but ease in 2027 as Ally's lease portfolio becomes more diversified and protected leases begin to mature. Ally also reaffirmed its 2026 retail auto net charge-off guidance of 1.8% to 2%.
Ally reported growth across its core businesses, including a 7% year-over-year increase in deposit customers and roughly 25% loan growth in Corporate Finance since launching Focus Forward. The company maintained guidance for 3% to 5% average earning-asset growth and approximately 1% operating-expense growth while continuing capital returns.
OneMain's Yield Comes With a Catch
#year #stellantis
2 days ago
Interested in Keysight Technologies Inc.? Here are five stocks we like better.
AI data-center demand is driving strong growth in Keysight's wireline business, particularly around 1.6T and emerging 3.2T networking, silicon photonics, co-packaged optics and system-level testing.
Demand currently exceeds supply, with Keysight expanding manufacturing capacity, supplier agreements and component sourcing; revenue beyond its typical order-to-revenue window was approaching $100 million.
Keysight expects additional growth from 6G, aerospace and defense, semiconductors and software-defined vehicles. The company anticipates 6G acceleration in the first half of 2028 and plans to maintain investment while targeting incremental margins of at least 40% when growth exceeds 5%.
3 Lesser-Known Quantum Plays the Market May Be Overlooking Right Now
#exceeds #lesser
AI data-center demand is driving strong growth in Keysight's wireline business, particularly around 1.6T and emerging 3.2T networking, silicon photonics, co-packaged optics and system-level testing.
Demand currently exceeds supply, with Keysight expanding manufacturing capacity, supplier agreements and component sourcing; revenue beyond its typical order-to-revenue window was approaching $100 million.
Keysight expects additional growth from 6G, aerospace and defense, semiconductors and software-defined vehicles. The company anticipates 6G acceleration in the first half of 2028 and plans to maintain investment while targeting incremental margins of at least 40% when growth exceeds 5%.
3 Lesser-Known Quantum Plays the Market May Be Overlooking Right Now
#exceeds #lesser
2 days ago
Interested in HCA Healthcare, Inc.? Here are five stocks we like better.
Exchange-related pressure is weighing on HCA's 2026 outlook: The expiration of enhanced tax credits is pushing some patients into uninsured status, with estimated full-year impact of $1 billion to $1.2 billion and slower elective-care utilization.
State supplemental payments and underlying demand provide offsets: HCA expects a $300 million to $500 million net benefit from state programs, while insured business excluding exchange plans grew 3.2% and adjusted admissions increased 2.7% in the second quarter.
HCA is pursuing long-term growth through capacity and efficiency investments: The company is expanding outpatient facilities, improving patient throughput and cost management, and maintaining a target of 4% to 6% long-term revenue growth with stable margins.
Healthcare Added 35,200 Jobs—3 Stocks Positioned to Benefit
#healthcare #Growth
Exchange-related pressure is weighing on HCA's 2026 outlook: The expiration of enhanced tax credits is pushing some patients into uninsured status, with estimated full-year impact of $1 billion to $1.2 billion and slower elective-care utilization.
State supplemental payments and underlying demand provide offsets: HCA expects a $300 million to $500 million net benefit from state programs, while insured business excluding exchange plans grew 3.2% and adjusted admissions increased 2.7% in the second quarter.
HCA is pursuing long-term growth through capacity and efficiency investments: The company is expanding outpatient facilities, improving patient throughput and cost management, and maintaining a target of 4% to 6% long-term revenue growth with stable margins.
Healthcare Added 35,200 Jobs—3 Stocks Positioned to Benefit
#healthcare #Growth
2 days ago
On September 8, 2026, CNBC reported that Novartis AG (NYSE:NVS) shares fell about 10% after the company said its experimental drug del-desiran failed to meet its primary goal in a late-stage trial for myotonic dystrophy type 1.
It marked the company's third clinical setback in a week following the earlier failure of cardiovascular drug pelacarsen and a separate pause of eight trials of cell therapy rap-cel after three patient deaths. The decline erased roughly 24 billion Swiss francs, or about $29.6 billion, in market value and put Novartis on pace for one of its worst trading days in company history.
Remibrutinib provides a major remaining pipeline catalyst since Novartis AG (NYSE:NVS) reported successful late-stage results for remibrutinib in multiple sclerosis. It gives investors a credible growth driver after the failures of pelacarsen and del-desiran. The business expects more remibrutinib data later this year, making the drug an important test of whether its remaining pipeline can help long-term growth.
Novartis still expects 5% to 6% annual sales growth through 2030. Management reaffirmed its full-year financial guidance and maintained its target for 5% to 6% compound annual sales growth from 2025 through 2030. That guidance shows the company still expects its overall portfolio and remaining pipeline ******* ets to offset pressure from aging drugs.
The company retains a diversified commercial portfolio. The del-desiran failure removes a potentially important future revenue contributor, but Novartis still makes substantial revenue from its existing medicines. It also retains other pipeline ******* ets. That diversification gives the firm financial capacity to absorb individual clinical failures while it rebuilds investor confidence in its growth pipeline.
#company #remibrutinib
It marked the company's third clinical setback in a week following the earlier failure of cardiovascular drug pelacarsen and a separate pause of eight trials of cell therapy rap-cel after three patient deaths. The decline erased roughly 24 billion Swiss francs, or about $29.6 billion, in market value and put Novartis on pace for one of its worst trading days in company history.
Remibrutinib provides a major remaining pipeline catalyst since Novartis AG (NYSE:NVS) reported successful late-stage results for remibrutinib in multiple sclerosis. It gives investors a credible growth driver after the failures of pelacarsen and del-desiran. The business expects more remibrutinib data later this year, making the drug an important test of whether its remaining pipeline can help long-term growth.
Novartis still expects 5% to 6% annual sales growth through 2030. Management reaffirmed its full-year financial guidance and maintained its target for 5% to 6% compound annual sales growth from 2025 through 2030. That guidance shows the company still expects its overall portfolio and remaining pipeline ******* ets to offset pressure from aging drugs.
The company retains a diversified commercial portfolio. The del-desiran failure removes a potentially important future revenue contributor, but Novartis still makes substantial revenue from its existing medicines. It also retains other pipeline ******* ets. That diversification gives the firm financial capacity to absorb individual clinical failures while it rebuilds investor confidence in its growth pipeline.
#company #remibrutinib
2 days ago
Interested in Capital One Financial Corporation? Here are five stocks we like better.
Consumer credit remains resilient: Capital One reported strong spending, stable delinquencies and better-than-seasonal charge-offs, including among lower-income customers in its portfolio. Auto lending is also growing while the company maintains underwriting and margin standards.
Discover integration is progressing toward 2027 completion: New Discover card originations have moved to Capital One's platform, with the existing portfolio conversion expected to finish in January 2027 and broader integration substantially complete by mid-2027. Capital One has achieved about one-third of its targeted $1.5 billion in operating-expense synergies.
Capital One is expanding beyond lending: The company sees Brex as a strategic commercial-payments platform and plans to leverage its technology, marketing reach and small-business customer base. With a 13.7% common equity tier 1 ratio, management says it can fund investments while maintaining conservative capital and shareholder returns.
These 4 Earnings Reports Expose the Market's Growing Economic Divide
#company #integration #interested
Consumer credit remains resilient: Capital One reported strong spending, stable delinquencies and better-than-seasonal charge-offs, including among lower-income customers in its portfolio. Auto lending is also growing while the company maintains underwriting and margin standards.
Discover integration is progressing toward 2027 completion: New Discover card originations have moved to Capital One's platform, with the existing portfolio conversion expected to finish in January 2027 and broader integration substantially complete by mid-2027. Capital One has achieved about one-third of its targeted $1.5 billion in operating-expense synergies.
Capital One is expanding beyond lending: The company sees Brex as a strategic commercial-payments platform and plans to leverage its technology, marketing reach and small-business customer base. With a 13.7% common equity tier 1 ratio, management says it can fund investments while maintaining conservative capital and shareholder returns.
These 4 Earnings Reports Expose the Market's Growing Economic Divide
#company #integration #interested
2 days ago
This story was originally published on Bisnow, the newsroom global commercial real estate reads first. To receive daily news and **** ysis, subscribe to Bisnow's free suite of newsletters.
The following article is a collaboration between Bisnow and business tech publication IT Brew.
It was Thanksgiving week in 2022 — a time when most employees are hard to find, let alone critical pieces of data center power infrastructure. And Kurt Bogle needed a transformer.
Bogle, then a senior regional director of critical facilities operations at NTT Global Data Centers, oversaw seven operational buildings around Chicago and Virginia and a staff of about 150 people. After a transformer failed a test, Bogle had to find a replacement and coordinate a swap with the on-site managers — all without disrupting service.
Thankfully, Bogle found a spare, but his experience illustrates the importance of systems thinkers at data centers who know how to acquire the resources necessary to maintain data centers' high uptime expectations. Given supply chain limitations and a steady build-out of data centers, such expertise is more crucial than ever — and there are signs a labor shortage is underway, threatening Big Tech's artificial intelligence ambitions and the reliable operation of mission-critical facilities.
#data #critical
The following article is a collaboration between Bisnow and business tech publication IT Brew.
It was Thanksgiving week in 2022 — a time when most employees are hard to find, let alone critical pieces of data center power infrastructure. And Kurt Bogle needed a transformer.
Bogle, then a senior regional director of critical facilities operations at NTT Global Data Centers, oversaw seven operational buildings around Chicago and Virginia and a staff of about 150 people. After a transformer failed a test, Bogle had to find a replacement and coordinate a swap with the on-site managers — all without disrupting service.
Thankfully, Bogle found a spare, but his experience illustrates the importance of systems thinkers at data centers who know how to acquire the resources necessary to maintain data centers' high uptime expectations. Given supply chain limitations and a steady build-out of data centers, such expertise is more crucial than ever — and there are signs a labor shortage is underway, threatening Big Tech's artificial intelligence ambitions and the reliable operation of mission-critical facilities.
#data #critical
2 days ago
On September 10, 2026, The Lovesac Company (NASDAQ:LOVE) reported second-quarter fiscal 2027 results for the period ended August 2, 2026. Net sales rose 0.4% to $161.2 million, a record for the quarter, and the company swung to net income of $7.4 million, or $0.51 per diluted share, from a loss of $6.7 million a year earlier. Inside that $0.51 sits $0.86 of net benefit from IEEPA tariff refunds. Omni-channel comparable sales fell 1.9%.
Canaccord's Maria Ripps read the quarter as in line, with revenue and adjusted EBITDA both landing within guidance and near consensus while tariff refunds pushed gross margin and earnings above expectations; she cut the firm's target on The Lovesac Company (NASDAQ:LOVE) to $20 from $22 but held the Buy rating.
Roth Capital's Matt Koranda also called the quarter in line with consensus, though he flagged omni-channel comps trending modestly negative on soft lower-end consumer demand. He lowered the firm's target on The Lovesac Company (NASDAQ:LOVE) to $20 from $22 as well, keeping a Buy rating, and noted that management reset full-year guidance lower on a tough demand environment and modest product launch delays.
DA Davidson offered a similar interpretation of the lower guidance, arguing that the reset reflects the new CFO's approach more than a deterioration in the underlying business. The firm said the CFO, who joined during the quarter, appears to be establishing more conservative expectations that could restore a beat-and-raise pattern the stock had lacked. DA Davidson lowered its target on The Lovesac Company (NASDAQ:LOVE) to $18 from $20 while maintaining its Buy rating.
The operating case rests on the high end: configurations above $6,000 grew double digits against a tough comparison, showroom net sales rose 4.6% to $114.1 million on 14 net new locations, and Snugg helped push other products revenue up 198.2%. Lovesac ended the quarter with $68.8 million in cash and no debt.
#quarter
Canaccord's Maria Ripps read the quarter as in line, with revenue and adjusted EBITDA both landing within guidance and near consensus while tariff refunds pushed gross margin and earnings above expectations; she cut the firm's target on The Lovesac Company (NASDAQ:LOVE) to $20 from $22 but held the Buy rating.
Roth Capital's Matt Koranda also called the quarter in line with consensus, though he flagged omni-channel comps trending modestly negative on soft lower-end consumer demand. He lowered the firm's target on The Lovesac Company (NASDAQ:LOVE) to $20 from $22 as well, keeping a Buy rating, and noted that management reset full-year guidance lower on a tough demand environment and modest product launch delays.
DA Davidson offered a similar interpretation of the lower guidance, arguing that the reset reflects the new CFO's approach more than a deterioration in the underlying business. The firm said the CFO, who joined during the quarter, appears to be establishing more conservative expectations that could restore a beat-and-raise pattern the stock had lacked. DA Davidson lowered its target on The Lovesac Company (NASDAQ:LOVE) to $18 from $20 while maintaining its Buy rating.
The operating case rests on the high end: configurations above $6,000 grew double digits against a tough comparison, showroom net sales rose 4.6% to $114.1 million on 14 net new locations, and Snugg helped push other products revenue up 198.2%. Lovesac ended the quarter with $68.8 million in cash and no debt.
#quarter
3 days ago
Pharming Group N.V. (NASDAQ:PHAR) announced on September 11 that the U.S. Food and Drug Administration approved Joenja for children aged 4–11 with activated PI3K delta syndrome, or APDS, who weigh at least 27 kilograms. APDS disrupts immune function.
The new 40 mg and 50 mg tablet strengths expand dosing options for Joenja, or leniolisib. The pediatric regimen also includes 70 mg twice daily for children weighing at least 45 kilograms. Pharming Group N.V. (NASDAQ:PHAR) expects the new strengths in October through its existing distribution and patient-support network.
The expansion arrives as the revenue mix shifts. Second-quarter Joenja revenue increased 40% year over year to $17.9 million, while RUCONEST revenue declined 10% to $72.3 million. Total revenue fell 3% to $90.2 million. Joenja's growth is substantial, but the larger franchise still determines much of the overall result.
Pharming Group N.V. (NASDAQ:PHAR) can bring the pediatric doses to market through an established commercial platform. Distribution relationships and patient support are already in place, which could allow additional sales without duplicating the infrastructure required for an entirely new product.
The opportunity is to spread those capabilities across more eligible patients while maintaining support for existing users. Incremental revenue could improve commercial efficiency, although pediatric servicing costs will still matter.
#revenue #NASDAQ #joenja #pediatric
The new 40 mg and 50 mg tablet strengths expand dosing options for Joenja, or leniolisib. The pediatric regimen also includes 70 mg twice daily for children weighing at least 45 kilograms. Pharming Group N.V. (NASDAQ:PHAR) expects the new strengths in October through its existing distribution and patient-support network.
The expansion arrives as the revenue mix shifts. Second-quarter Joenja revenue increased 40% year over year to $17.9 million, while RUCONEST revenue declined 10% to $72.3 million. Total revenue fell 3% to $90.2 million. Joenja's growth is substantial, but the larger franchise still determines much of the overall result.
Pharming Group N.V. (NASDAQ:PHAR) can bring the pediatric doses to market through an established commercial platform. Distribution relationships and patient support are already in place, which could allow additional sales without duplicating the infrastructure required for an entirely new product.
The opportunity is to spread those capabilities across more eligible patients while maintaining support for existing users. Incremental revenue could improve commercial efficiency, although pediatric servicing costs will still matter.
#revenue #NASDAQ #joenja #pediatric
3 days ago
AeroVironment, Inc. (NASDAQ:AVAV) reported on September 9, 2026, that revenue for fiscal Q1 2027, ended August 1, 2026, increased 6% to $480.5 million. Funded backlog reached approximately $1.5 billion at quarter-end, up from $1.2 billion at April 30, 2026. This represents remaining work under firm customer orders with funding already appropriated, providing a concrete base for future revenue.
Non-GAAP adjusted diluted earnings were $0.59 per share, excluding acquired-intangible amortization, purchase-accounting adjustments, acquisition expenses, and net gains and losses on equity-method and equity-security investments. Adjusted EPS retains net interest income. The GAAP result was a $5.1 million net loss, or $0.10 per diluted share. The question is whether the expanding order base can produce stronger operating earnings and cash generation.
Bookings reached $683 million, producing a book-to-bill ratio of 1.4, calculated as bookings divided by revenue. Bookings measure authorized contract awards and modifications and can include work whose funding has not yet been obligated. The ratio indicates that new business exceeded revenue recognized during the quarter.
AeroVironment, Inc. (NASDAQ:AVAV) is also translating demand into sales in Autonomous Systems, where revenue rose 21% to $346 million. That provides operating evidence behind the opportunity in unmanned aircraft and precision-strike systems.
Management maintained fiscal 2027 revenue guidance of $2.125 billion to $2.225 billion, and non-GAAP adjusted EBITDA of $305 million to $325 million. Adjusted EBITDA excludes net interest income or expense, taxes, depreciation and amortization from net income and further adjusts for stock compensation, acquisition expenses, cloud-computing amortization, net gains and losses on equity-method and equity-security investments, and other specified items.
#Equity
Non-GAAP adjusted diluted earnings were $0.59 per share, excluding acquired-intangible amortization, purchase-accounting adjustments, acquisition expenses, and net gains and losses on equity-method and equity-security investments. Adjusted EPS retains net interest income. The GAAP result was a $5.1 million net loss, or $0.10 per diluted share. The question is whether the expanding order base can produce stronger operating earnings and cash generation.
Bookings reached $683 million, producing a book-to-bill ratio of 1.4, calculated as bookings divided by revenue. Bookings measure authorized contract awards and modifications and can include work whose funding has not yet been obligated. The ratio indicates that new business exceeded revenue recognized during the quarter.
AeroVironment, Inc. (NASDAQ:AVAV) is also translating demand into sales in Autonomous Systems, where revenue rose 21% to $346 million. That provides operating evidence behind the opportunity in unmanned aircraft and precision-strike systems.
Management maintained fiscal 2027 revenue guidance of $2.125 billion to $2.225 billion, and non-GAAP adjusted EBITDA of $305 million to $325 million. Adjusted EBITDA excludes net interest income or expense, taxes, depreciation and amortization from net income and further adjusts for stock compensation, acquisition expenses, cloud-computing amortization, net gains and losses on equity-method and equity-security investments, and other specified items.
#Equity
3 days ago
Andy Burnham has warned of a "challenging" Budget as the Iran war drives up oil and gas prices.
The Prime Minister said he would do what he could to ease the cost of living after the Middle East conflict pushed price rises to a five-month high.
Mr Burnham branded the latest up-tick in inflation a "concern", as official figures showed the headline rate rose from 2.9pc in July to 3.1pc in August. However, he insisted that Britain's economy had shown "resilience across the board".
His warning of a difficult Budget in October will raise fears of tax rises as the fallout from the Iran war continues to weaken the public finances and erode the Government's fiscal headroom.
Oxford Economics has warned that the Chancellor will need to find £11bn if he wants to maintain the same wiggle room on the Treasury's books.
#warned #rises
The Prime Minister said he would do what he could to ease the cost of living after the Middle East conflict pushed price rises to a five-month high.
Mr Burnham branded the latest up-tick in inflation a "concern", as official figures showed the headline rate rose from 2.9pc in July to 3.1pc in August. However, he insisted that Britain's economy had shown "resilience across the board".
His warning of a difficult Budget in October will raise fears of tax rises as the fallout from the Iran war continues to weaken the public finances and erode the Government's fiscal headroom.
Oxford Economics has warned that the Chancellor will need to find £11bn if he wants to maintain the same wiggle room on the Treasury's books.
#warned #rises
3 days ago
Galliford Try Holdings PLC (LSE:GFRD, FRA:3WC) chief financial officer Kris Hampson spoke with Proactive's Stephen Gunnion about the construction group's latest results, growing order book, margin progression and outlook for 2027, as well as its approach to acquisitions and shareholder returns.
Hampson said Galliford Try delivered a sixth consecutive year of growth across key metrics, supported by its building, infrastructure and specialist services operations. Adjusted profit before tax rose 24% on revenue growth of 3% to nearly £56 million, with adjusted divisional operating margin advancing from 3% to 3.5% and average cash up 21% to £216.2 million. "We make revenue, we turn it into profit, and we turn that profit into cash," Hampson said.
Looking ahead, he highlighted the £4.3 billion order book, up 5%, with more than 90% of current-year revenue already secured, alongside 60% for 2028. He said 91% of the order book sits within long-term frameworks and 95% is with government and regulated clients.
Hampson also discussed opportunities across water, highways, education and affordable housing, including growth tied to AMP8, newer frameworks on improved terms, and expects continued progression towards the group's 4% adjusted operating margin target for 2030.
On capital allocation, Galliford Try announced a £15 million share buyback alongside its results, following last year's £10 million buyback. Hampson also discussed the company's active M&A pipeline and its commitment to maintaining a dividend at 1.8 times cover based on adjusted EPS.
#million #profit
Hampson said Galliford Try delivered a sixth consecutive year of growth across key metrics, supported by its building, infrastructure and specialist services operations. Adjusted profit before tax rose 24% on revenue growth of 3% to nearly £56 million, with adjusted divisional operating margin advancing from 3% to 3.5% and average cash up 21% to £216.2 million. "We make revenue, we turn it into profit, and we turn that profit into cash," Hampson said.
Looking ahead, he highlighted the £4.3 billion order book, up 5%, with more than 90% of current-year revenue already secured, alongside 60% for 2028. He said 91% of the order book sits within long-term frameworks and 95% is with government and regulated clients.
Hampson also discussed opportunities across water, highways, education and affordable housing, including growth tied to AMP8, newer frameworks on improved terms, and expects continued progression towards the group's 4% adjusted operating margin target for 2030.
On capital allocation, Galliford Try announced a £15 million share buyback alongside its results, following last year's £10 million buyback. Hampson also discussed the company's active M&A pipeline and its commitment to maintaining a dividend at 1.8 times cover based on adjusted EPS.
#million #profit
3 days ago
Autonomous vehicle company May Mobility is merging with a special purpose acquisition company (SPAC) and will become a publicly traded company. It's a deal that could raise more than $300 million for May Mobility at a valuation of $1.4 billion, the company said Wednesday.
Once the merger is complete, May Mobility said it will be the first public company in the U.S. that is focused entirely on autonomous ride-hailing vehicles. This is meant to differentiate it from a number of other public companies working on autonomy, including Tesla, Rivian, Alphabet (with Waymo), and trucking-focused Aurora and Kodiak.
The move sets up May Mobility to be a test of the stock market's appetite for pure-play robotaxi ventures.
It will also be a test of May Mobility's approach to autonomy, which it pitches as "asset-light" and "partnership-first." Instead of owning and operating the robotaxis, May Mobility's business revolves around selling its autonomous vehicles to its fleet partners over time while maintaining control of any remote supervision and software updates. In exchange, May Mobility receives either fixed fees or per-trip licensing fees.
Founded in 2017, May Mobility currently operates autonomous Toyota Siennas in three locations in the U.S. It has a partnership with Lyft in Atlanta, and offers rides in two cities — Eden Prairie and Grand Rapids — in Minnesota.
#company #autonomous #focused
Once the merger is complete, May Mobility said it will be the first public company in the U.S. that is focused entirely on autonomous ride-hailing vehicles. This is meant to differentiate it from a number of other public companies working on autonomy, including Tesla, Rivian, Alphabet (with Waymo), and trucking-focused Aurora and Kodiak.
The move sets up May Mobility to be a test of the stock market's appetite for pure-play robotaxi ventures.
It will also be a test of May Mobility's approach to autonomy, which it pitches as "asset-light" and "partnership-first." Instead of owning and operating the robotaxis, May Mobility's business revolves around selling its autonomous vehicles to its fleet partners over time while maintaining control of any remote supervision and software updates. In exchange, May Mobility receives either fixed fees or per-trip licensing fees.
Founded in 2017, May Mobility currently operates autonomous Toyota Siennas in three locations in the U.S. It has a partnership with Lyft in Atlanta, and offers rides in two cities — Eden Prairie and Grand Rapids — in Minnesota.
#company #autonomous #focused
4 days ago
Avantor (AVTR) exhibits strong technical momentum, recently setting a new year-to-date high.
Shares are up more than 22% over the past year.
AVTR maintains a 100% "Buy" technical opinion from Barchart.
Most ******* ysts see AVTR as undervalued, but I recommend a tight stop loss given its volatility and only moderate fundamental outlook.
Valued at $10.44 billion, Avantor (AVTR) is a provider of critical products and services primarily to the biopharma, healthcare, education, government, advanced technologies, and applied materials industries.
#avantor #year #exhibits
Shares are up more than 22% over the past year.
AVTR maintains a 100% "Buy" technical opinion from Barchart.
Most ******* ysts see AVTR as undervalued, but I recommend a tight stop loss given its volatility and only moderate fundamental outlook.
Valued at $10.44 billion, Avantor (AVTR) is a provider of critical products and services primarily to the biopharma, healthcare, education, government, advanced technologies, and applied materials industries.
#avantor #year #exhibits
4 days ago
CRDO reported $236M in adjusted profit, but stock-comp add-backs and a $62M inventory build shrunk free cash flow to just $83M.
Shares fell 42% in one month to $150, while 18 of 19 ***** ysts maintain Buy ratings with a $281 consensus target.
Top two customers represent 33% and 28% of revenue, meaning a single push-out could flip Credo's inventory build into a demand shortfall.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now, and Credo Technology Group didn't make the cut. Enter your email to see the names that beat CRDO. The report is free. Enter your email and see if any of your stocks made the cut.
Credo (NASDAQ:CRDO) closed its fiscal first quarter with $236.3 million in adjusted profit and $82.9 million in free cash flow, and the stock has moved as if investors noticed. Shares last traded at $150.39, down 42.14% over the past month, while the Wall Street consensus price target sits at $281.47. That leaves a wide spread between where the market is pricing the AI connectivity chipmaker and where the sell side thinks it belongs.
#profit #inventory #build
Shares fell 42% in one month to $150, while 18 of 19 ***** ysts maintain Buy ratings with a $281 consensus target.
Top two customers represent 33% and 28% of revenue, meaning a single push-out could flip Credo's inventory build into a demand shortfall.
Just released. Our ***** ysts combed the entire stock market and named the ten best stocks to buy right now, and Credo Technology Group didn't make the cut. Enter your email to see the names that beat CRDO. The report is free. Enter your email and see if any of your stocks made the cut.
Credo (NASDAQ:CRDO) closed its fiscal first quarter with $236.3 million in adjusted profit and $82.9 million in free cash flow, and the stock has moved as if investors noticed. Shares last traded at $150.39, down 42.14% over the past month, while the Wall Street consensus price target sits at $281.47. That leaves a wide spread between where the market is pricing the AI connectivity chipmaker and where the sell side thinks it belongs.
#profit #inventory #build
