1 hr. ago
The AI memory supercycle has emerged as one of 2026's most defining stories, and also one of its most contested. Hyperscaler capital expenditure is expected to reach $750 billion this year, with Goldman Sachs forecasting $7.6 trillion in total AI infrastructure spending through 2031, resulting in a supply shortage of NAND and DRAM memory as data center demand for high-performance storage clashes against the chipmakers' capacity limitations.
That scarcity has been aggravated by reports that TSMC may boost contract chip manufacturing prices by up to 10% in 2027, with some products facing increases of up to 20%, owing to increased materials, equipment, and overseas facility development expenses.
Sandisk Corporation (NASDAQ:SNDK) is one of the names that have benefited the most from the supercycle. Since its February 2025 spinoff from Western Digital at $35.06 per share, Sandisk Corporation (NASDAQ:SNDK) has become the single best-performing stock in the S&P 500, climbing up to 858% at its late-June peak on the back of explosive fundamentals: fiscal Q3 2026 revenue reached $5.95 billion, up 97% sequentially and 251% year-over-year, with datacenter revenue specifically up 645% year-over-year.
Management anticipates continued sequential acceleration in the fourth quarter of fiscal 2026, with total revenue expected to range between $7.75 billion and $8.25 billion and non-GAAP earnings per share between $30 and $33, as gross margins increase to near 80%. More crucially, Sandisk Corporation (NASDAQ:SNDK) reported that its remaining performance obligations and contracted backlog came in between $41.6 billion and $42 billion. Sandisk's entire 2026 enterprise AI storage capacity is sold out under long-term agreements, thus locking in multibillion-dollar cash flows for the rest of the calendar year.
Despite its strong operational reports, Sandisk Corporation (NASDAQ:SNDK) has not been immune to macroeconomic turbulence. In mid-July, shares fell 8% to 15% across a number of sessions, contributing to a 39% slide from late-June record highs, as the Philadelphia Semiconductor Index fell more than 20%. According to market ****** ysts, this pullback is the result of an industry-wide valuation adjustment rather than a structural decline in memory demand or corporate earnings power.
#sandisk #corporation #june
That scarcity has been aggravated by reports that TSMC may boost contract chip manufacturing prices by up to 10% in 2027, with some products facing increases of up to 20%, owing to increased materials, equipment, and overseas facility development expenses.
Sandisk Corporation (NASDAQ:SNDK) is one of the names that have benefited the most from the supercycle. Since its February 2025 spinoff from Western Digital at $35.06 per share, Sandisk Corporation (NASDAQ:SNDK) has become the single best-performing stock in the S&P 500, climbing up to 858% at its late-June peak on the back of explosive fundamentals: fiscal Q3 2026 revenue reached $5.95 billion, up 97% sequentially and 251% year-over-year, with datacenter revenue specifically up 645% year-over-year.
Management anticipates continued sequential acceleration in the fourth quarter of fiscal 2026, with total revenue expected to range between $7.75 billion and $8.25 billion and non-GAAP earnings per share between $30 and $33, as gross margins increase to near 80%. More crucially, Sandisk Corporation (NASDAQ:SNDK) reported that its remaining performance obligations and contracted backlog came in between $41.6 billion and $42 billion. Sandisk's entire 2026 enterprise AI storage capacity is sold out under long-term agreements, thus locking in multibillion-dollar cash flows for the rest of the calendar year.
Despite its strong operational reports, Sandisk Corporation (NASDAQ:SNDK) has not been immune to macroeconomic turbulence. In mid-July, shares fell 8% to 15% across a number of sessions, contributing to a 39% slide from late-June record highs, as the Philadelphia Semiconductor Index fell more than 20%. According to market ****** ysts, this pullback is the result of an industry-wide valuation adjustment rather than a structural decline in memory demand or corporate earnings power.
#sandisk #corporation #june
1 hr. ago
ACCIONA Energía has finalised the sale of a 361MW portfolio of operational wind farms in Spain to Galp New Energies in a deal valued at €432m ($491.2m).
The transaction, which covered ***** ets with no financial debt, was signed and closed simultaneously, with all proceeds received at closing.
The portfolio comprises 15 wind farms in the provinces of Ciudad Real, Guadalajara, Navarra, Palencia, Seville and Zaragoza.
The wind ***** ets have an average operating age of 21 years, with an average commercial operation date of 2005.
They are expected to generate around 800GW-hours of electricity annually and currently operate on a merchant basis.
#energ
The transaction, which covered ***** ets with no financial debt, was signed and closed simultaneously, with all proceeds received at closing.
The portfolio comprises 15 wind farms in the provinces of Ciudad Real, Guadalajara, Navarra, Palencia, Seville and Zaragoza.
The wind ***** ets have an average operating age of 21 years, with an average commercial operation date of 2005.
They are expected to generate around 800GW-hours of electricity annually and currently operate on a merchant basis.
#energ
2 hours ago
On July 23, both Union Pacific Corporation (NYSE:UNP) and Norfolk Southern Corporation (NYSE:NSC) delivered their Q2 results, giving investors better insight into which railroad stock is the better play. While both companies reported strong results, NSC's investment case is now tied to the possible acquisition. Investors must weigh UNP's standalone growth potential against NSC's risks and upside arising from the merger.
Union Pacific Corporation (NYSE:UNP) delivered an operating revenue of $6.9 billion and an adjusted EPS of $3.41, marking a surprise of 3% and 5%, respectively. Meanwhile, the company reported 6% EPS growth, with operating revenue up 12% YoY. Management sees full-year reported EPS growth in the high single-digit range, raising its 2026 outlook.
The strong results were mainly driven by freight revenue, which grew 12%, due to volume growth, fuel surcharge revenue, solid core pricing, and operational efficiency. The company reports being 10 basis points better on the operating ratio, standing at 59.2%.
ankush-minda-7KKQG0eB_TI-unsplash
A key highlight of the results was the company's intermodal strength, as it delivered its fourth consecutive record quarter in volume and revenue. Thanks to truck capacity and share gains, private ******* et, rail ******* et, and parcel volumes were all up double-digits.
#revenue #corporation #delivered
Union Pacific Corporation (NYSE:UNP) delivered an operating revenue of $6.9 billion and an adjusted EPS of $3.41, marking a surprise of 3% and 5%, respectively. Meanwhile, the company reported 6% EPS growth, with operating revenue up 12% YoY. Management sees full-year reported EPS growth in the high single-digit range, raising its 2026 outlook.
The strong results were mainly driven by freight revenue, which grew 12%, due to volume growth, fuel surcharge revenue, solid core pricing, and operational efficiency. The company reports being 10 basis points better on the operating ratio, standing at 59.2%.
ankush-minda-7KKQG0eB_TI-unsplash
A key highlight of the results was the company's intermodal strength, as it delivered its fourth consecutive record quarter in volume and revenue. Thanks to truck capacity and share gains, private ******* et, rail ******* et, and parcel volumes were all up double-digits.
#revenue #corporation #delivered
10 hours ago
The Boston Beer Company, Inc. (NYSE:SAM) reported its second-quarter financial results on July 23, delivering a modest upside on earnings per share despite ongoing top-line volume pressures. The company reported GAAP diluted EPS of $4.96, topping Wall Street consensus estimates of $4.83, while non-GAAP diluted EPS came in at $3.65. The EPS beat was primarily driven by gross margin expansion, reaching 50.4%, up 60 basis points year-over-year, and a $1.31 per-share after-tax benefit from a favorable adjustment in supplier litigation.
The company's net revenue for the quarter was roughly in line with expectations at $568.3 million, down 3.3% year-over-year. Depletions fell 6%, which, while negative, came in better than the Street's fear of a 9% decline. Shipment volume was approximately 2.0 million barrels, down 4.5%. Crucially, management maintained its full-year non-GAAP EPS guidance of $8.50 to $10.50.
Following the report, Wall Street ******* ysts adjusted their outlooks. On July 24, Roth Capital lowered its price target on Boston Beer to $295 from $315 while keeping a Buy rating on the shares. The firm noted that while major components of guidance were unchanged, commentary on the earnings call suggested that if current trends persist, full-year results would land toward the lower end of the guided range. On the same day, Deutsche Bank lowered its price target to $176 from $187 and maintained a Hold rating on the shares.
This mix of resilient operational execution and volume headwinds brings up a key question: Is The Boston Beer Company, Inc. (NYSE:SAM)'s margin recovery and balance sheet strength enough to navigate persistent category challenges?
Optimistic investors emphasize Boston Beer's low leverage and durable financial flexibility as foundational strengths. With minimal debt, $265.5 million in cash, and a sizable equity base, the company maintains the financial headroom to fund working capital, capital expenditures, and share repurchases. This strong balance sheet allows Boston Beer to absorb macroeconomic shocks, tariffs, or litigation without forced deleveraging, preserving strategic optionality over both short- and long-term horizons.
#boston #capital #volume #million
The company's net revenue for the quarter was roughly in line with expectations at $568.3 million, down 3.3% year-over-year. Depletions fell 6%, which, while negative, came in better than the Street's fear of a 9% decline. Shipment volume was approximately 2.0 million barrels, down 4.5%. Crucially, management maintained its full-year non-GAAP EPS guidance of $8.50 to $10.50.
Following the report, Wall Street ******* ysts adjusted their outlooks. On July 24, Roth Capital lowered its price target on Boston Beer to $295 from $315 while keeping a Buy rating on the shares. The firm noted that while major components of guidance were unchanged, commentary on the earnings call suggested that if current trends persist, full-year results would land toward the lower end of the guided range. On the same day, Deutsche Bank lowered its price target to $176 from $187 and maintained a Hold rating on the shares.
This mix of resilient operational execution and volume headwinds brings up a key question: Is The Boston Beer Company, Inc. (NYSE:SAM)'s margin recovery and balance sheet strength enough to navigate persistent category challenges?
Optimistic investors emphasize Boston Beer's low leverage and durable financial flexibility as foundational strengths. With minimal debt, $265.5 million in cash, and a sizable equity base, the company maintains the financial headroom to fund working capital, capital expenditures, and share repurchases. This strong balance sheet allows Boston Beer to absorb macroeconomic shocks, tariffs, or litigation without forced deleveraging, preserving strategic optionality over both short- and long-term horizons.
#boston #capital #volume #million
10 hours ago
Our ******* ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Organic revenue growth accelerated to 6% year-over-year, tripling the rate from the prior year due to improving market conditions and strong operational execution.
The R&D Solutions segment benefited from a consistently improving demand environment and higher win rates, particularly within the Emerging Biopharma (EBP) segment which now represents 70% of global clinical trial starts.
Commercial Solutions growth was fueled by a 45% increase in new drug launches in the first half of 2026, driving demand for ******* ytics, consulting, and patient solutions.
Management highlighted a strategic shift in large pharma toward outsourcing full commercialization of therapies in select geographies, where IQVIA is capturing significant market share.
#year #segment #NVIDIA #tell
Organic revenue growth accelerated to 6% year-over-year, tripling the rate from the prior year due to improving market conditions and strong operational execution.
The R&D Solutions segment benefited from a consistently improving demand environment and higher win rates, particularly within the Emerging Biopharma (EBP) segment which now represents 70% of global clinical trial starts.
Commercial Solutions growth was fueled by a 45% increase in new drug launches in the first half of 2026, driving demand for ******* ytics, consulting, and patient solutions.
Management highlighted a strategic shift in large pharma toward outsourcing full commercialization of therapies in select geographies, where IQVIA is capturing significant market share.
#year #segment #NVIDIA #tell
11 hours ago
The physical infrastructure enabling artificial intelligence requires considerably more than just high-performance accelerators and primary grid connections. It also relies on millions of high-density connectors, backplane interconnects, and power-filtering devices to connect rack-level structures, areas where TE Connectivity plc (NYSE:TEL) holds a significant bottleneck position. As hyperscalers and enterprise data center operators ramp up capital expenditure deployment around the world, demand for critical electrical connector systems has transformed from a passive secondary tailwind to a direct beneficiary of the AI growth cycle.
The company's fiscal third-quarter 2026 report showed this demand in real time, with record top-line performance, order velocity, and profitability. Despite exceeding Wall Street expectations in every fundamental indicator, shares fell roughly 7% following the release, indicating the market's focus on sequential forecast trends over historical trailing figures.
Operational execution in the third quarter set new highs across numerous business areas. Net revenue increased 14% year-over-year to $5.16 billion, above Wall Street expectations by more than 3%. Adjusted earnings per share rose 22% year-over-year to $2.94, exceeding the average estimate of $2.85. The report's defining metric was order flow, which increased 27% year-over-year to a record $5.7 billion, reflecting over $1 billion in incremental booking expansion vs. the prior year period. Meanwhile, profitability increased significantly, with adjusted operating margins improving 90 basis points to 22% and quarterly free cash flow totaling $883 million.
The underlying sector distribution highlights where AI momentum is growing the fastest. Industrial Solutions revenue increased 22% year-over-year to $2.58 billion, driven mainly by data center rack deployments and energy infrastructure growth. Chief Executive Officer Terrence Curtin stated that AI cloud momentum is far above initial multi-year predictions, with data center connection and power distribution orders rising more than 70% year-to-date.
Moreover, to back up its power-handling portfolio, TE Connectivity plc (NYSE:TEL) signed a $1.4 billion formal agreement to acquire Astrodyne TDI. The acquisition includes specialized power management and electromagnetic filtering solutions for critical industrial, semiconductor, and defense applications, providing approximately $250 million in annual revenue to the Industrial Solutions segment once completed.
#year #solutions #revenue
The company's fiscal third-quarter 2026 report showed this demand in real time, with record top-line performance, order velocity, and profitability. Despite exceeding Wall Street expectations in every fundamental indicator, shares fell roughly 7% following the release, indicating the market's focus on sequential forecast trends over historical trailing figures.
Operational execution in the third quarter set new highs across numerous business areas. Net revenue increased 14% year-over-year to $5.16 billion, above Wall Street expectations by more than 3%. Adjusted earnings per share rose 22% year-over-year to $2.94, exceeding the average estimate of $2.85. The report's defining metric was order flow, which increased 27% year-over-year to a record $5.7 billion, reflecting over $1 billion in incremental booking expansion vs. the prior year period. Meanwhile, profitability increased significantly, with adjusted operating margins improving 90 basis points to 22% and quarterly free cash flow totaling $883 million.
The underlying sector distribution highlights where AI momentum is growing the fastest. Industrial Solutions revenue increased 22% year-over-year to $2.58 billion, driven mainly by data center rack deployments and energy infrastructure growth. Chief Executive Officer Terrence Curtin stated that AI cloud momentum is far above initial multi-year predictions, with data center connection and power distribution orders rising more than 70% year-to-date.
Moreover, to back up its power-handling portfolio, TE Connectivity plc (NYSE:TEL) signed a $1.4 billion formal agreement to acquire Astrodyne TDI. The acquisition includes specialized power management and electromagnetic filtering solutions for critical industrial, semiconductor, and defense applications, providing approximately $250 million in annual revenue to the Industrial Solutions segment once completed.
#year #solutions #revenue
11 hours ago
Girona FC will maintain this season the private bus service for match days at the Montilivi Municipal Stadium. This will be the eighth consecutive season in which the club organizes this service, which since its inception has been fully funded by Girona FC.
Despite the economic impact of the relegation, Girona FC has decided to maintain this service, in collaboration with the Girona-based company Teisa, considering that 96% of its users are club members. The entity will continue to cover a significant part of the operational cost, although, starting this season, the service will have a cost for all users. The price will be 1.5 euros per trip or 2 euros for a round-trip ticket.
This measure will allow the continuation of a service that Girona FC has sustained for eight seasons with its own resources and still considers a key tool to facilitate access to Montilivi and promote more sustainable mobility on match days.
Bus Route
The bus route will maintain its usual itinerary and will start in front of the Girona Courthouse. The Mas Gri stop will remain, although the park-and-ride parking will not be available due to ongoing construction. As an alternative, parking will be available in the commercial area located just in front. Before the matches, the Club will share on social media the schedules and the buses that are adapted and equipped with ramps.
#maintain #match #days #users
Despite the economic impact of the relegation, Girona FC has decided to maintain this service, in collaboration with the Girona-based company Teisa, considering that 96% of its users are club members. The entity will continue to cover a significant part of the operational cost, although, starting this season, the service will have a cost for all users. The price will be 1.5 euros per trip or 2 euros for a round-trip ticket.
This measure will allow the continuation of a service that Girona FC has sustained for eight seasons with its own resources and still considers a key tool to facilitate access to Montilivi and promote more sustainable mobility on match days.
Bus Route
The bus route will maintain its usual itinerary and will start in front of the Girona Courthouse. The Mas Gri stop will remain, although the park-and-ride parking will not be available due to ongoing construction. As an alternative, parking will be available in the commercial area located just in front. Before the matches, the Club will share on social media the schedules and the buses that are adapted and equipped with ramps.
#maintain #match #days #users
19 hours ago
Varun Sharma, founder and CEO of NEUVIOR, reflects on the necessitates of the recently forged India-UK pharma trade deal.
The India UK Comprehensive Economic and Trade Agreement became operational on 15 July. That is good news for businesses in both countries. It is also the moment to stop treating tariff reduction as a synonym for market access, especially in pharmaceuticals, medical technology and digital health.
Medicines and devices do not move from factory to patient through one gate. They move through at least five. A product must qualify for the tariff preference under the rules of origin. It must have the right approval in the destination market. Its manufacturing and quality evidence must withstand inspection. It must meet the terms of any public procurement. Its people, systems and data must be able to operate lawfully across borders.
The agreement changes some of these gates. It does not collapse them.
The Indian schedule places 198 of 226 pharmaceutical tariff lines in immediate staging, four already at zero, with the rest phased over five or ten years. Medical technology receives a more mixed pattern of phased elimination and partial reduction. These preferences matter, but only for products that satisfy the product specific origin rule.
#trade #market #technology #move
The India UK Comprehensive Economic and Trade Agreement became operational on 15 July. That is good news for businesses in both countries. It is also the moment to stop treating tariff reduction as a synonym for market access, especially in pharmaceuticals, medical technology and digital health.
Medicines and devices do not move from factory to patient through one gate. They move through at least five. A product must qualify for the tariff preference under the rules of origin. It must have the right approval in the destination market. Its manufacturing and quality evidence must withstand inspection. It must meet the terms of any public procurement. Its people, systems and data must be able to operate lawfully across borders.
The agreement changes some of these gates. It does not collapse them.
The Indian schedule places 198 of 226 pharmaceutical tariff lines in immediate staging, four already at zero, with the rest phased over five or ten years. Medical technology receives a more mixed pattern of phased elimination and partial reduction. These preferences matter, but only for products that satisfy the product specific origin rule.
#trade #market #technology #move
20 hours ago
Baker Hughes raised its 2026 Industrial & Energy Technology (IET) order outlook after posting record second-quarter bookings, as surging investment in LNG export facilities, gas-fired power generation and data center infrastructure continued to fuel demand for its equipment and services.
The company reported second-quarter orders of $10.5 billion, up 49% from a year earlier, while IET orders more than doubled to a record $7.1 billion. Remaining performance obligations reached a record $40.1 billion, including $37.1 billion for the IET segment, providing increased visibility into future revenue. Revenue totaled $6.74 billion, while adjusted EBITDA rose to $1.23 billion, exceeding the high end of the company's guidance range.
Chairman and CEO Lorenzo Simonelli said Baker Hughes benefited from continued strength in data centers, gas infrastructure and upstream markets despite operational challenges in the Middle East. He said the company now expects to reach the midpoint of its full-year guidance while increasing its Horizon 2 (2026-2028) IET orders target to more than $45 billion.
The record order intake was supported by a series of major LNG and power generation contracts. During the quarter, Baker Hughes secured equipment awards from Venture Global, Cheniere Energy, Golar LNG and Nigeria LNG, alongside large power generation orders from Dynamis Power Solutions and Kodiak Gas Services to support growing electricity demand from data centers and energy infrastructure across North America.
Oilfield Services & Equipment also outperformed expectations despite geopolitical disruptions. Segment EBITDA exceeded guidance as activity improved in the Middle East late in the quarter, while North America land operations and Latin America delivered solid results. However, segment revenue remained 5% below the prior year, reflecting ****** et divestitures and regional disruptions.
#record
The company reported second-quarter orders of $10.5 billion, up 49% from a year earlier, while IET orders more than doubled to a record $7.1 billion. Remaining performance obligations reached a record $40.1 billion, including $37.1 billion for the IET segment, providing increased visibility into future revenue. Revenue totaled $6.74 billion, while adjusted EBITDA rose to $1.23 billion, exceeding the high end of the company's guidance range.
Chairman and CEO Lorenzo Simonelli said Baker Hughes benefited from continued strength in data centers, gas infrastructure and upstream markets despite operational challenges in the Middle East. He said the company now expects to reach the midpoint of its full-year guidance while increasing its Horizon 2 (2026-2028) IET orders target to more than $45 billion.
The record order intake was supported by a series of major LNG and power generation contracts. During the quarter, Baker Hughes secured equipment awards from Venture Global, Cheniere Energy, Golar LNG and Nigeria LNG, alongside large power generation orders from Dynamis Power Solutions and Kodiak Gas Services to support growing electricity demand from data centers and energy infrastructure across North America.
Oilfield Services & Equipment also outperformed expectations despite geopolitical disruptions. Segment EBITDA exceeded guidance as activity improved in the Middle East late in the quarter, while North America land operations and Latin America delivered solid results. However, segment revenue remained 5% below the prior year, reflecting ****** et divestitures and regional disruptions.
#record
4 days ago
Our ******* ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Management attributes the 10% year-over-year core EPS growth to disciplined execution of their lean operating system and consistent customer capital investment.
The company is pursuing a 'path to flat' strategy, targeting 0% to 3% annual customer bill growth by leveraging electric load growth to offset infrastructure costs.
Operational performance is increasingly driven by 'continuous monitoring' technology, which management claims has avoided nearly 20 million outage minutes and 28 potential ignitions since January 2025.
#Growth #year #tell
Management attributes the 10% year-over-year core EPS growth to disciplined execution of their lean operating system and consistent customer capital investment.
The company is pursuing a 'path to flat' strategy, targeting 0% to 3% annual customer bill growth by leveraging electric load growth to offset infrastructure costs.
Operational performance is increasingly driven by 'continuous monitoring' technology, which management claims has avoided nearly 20 million outage minutes and 28 potential ignitions since January 2025.
#Growth #year #tell
4 days ago
Our ***** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Achieved record $230 billion backlog driven by a $35 billion multiyear THAAD contract and significant radar and ***** e awards.
Performance attribution stems from strategic decisions to increase munitions capacity and establish international co-production footprints ahead of contracted demand.
Management is pivoting to a 'Defense Technology' leader mindset, prioritizing target-weapons matching to provide lower-cost, high-volume solutions for modern threats like drones.
Operational execution hit a stride with resumed F-16 deliveries and increased C-130 output, alongside successful technical milestones in hypersonic and laser weapon programs.
#tell
Achieved record $230 billion backlog driven by a $35 billion multiyear THAAD contract and significant radar and ***** e awards.
Performance attribution stems from strategic decisions to increase munitions capacity and establish international co-production footprints ahead of contracted demand.
Management is pivoting to a 'Defense Technology' leader mindset, prioritizing target-weapons matching to provide lower-cost, high-volume solutions for modern threats like drones.
Operational execution hit a stride with resumed F-16 deliveries and increased C-130 output, alongside successful technical milestones in hypersonic and laser weapon programs.
#tell
4 days ago
Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Record financial results were driven by strong execution and 2% volume growth, with core pricing dollars continuing to exceed inflation dollars.
Operational fluidity reached record levels, with freight car velocity increasing 5% and terminal dwell improving 7%, marking three straight quarters below 20 hours.
Management attributed margin resilience to workforce productivity, which has delivered eight consecutive quarters of record results despite wage and benefit inflation.
The domestic intermodal segment achieved its fourth consecutive record quarter, benefiting from constrained truck capacity and successful over-the-road share gains.
#dollars #inflation #NVIDIA #tell
Record financial results were driven by strong execution and 2% volume growth, with core pricing dollars continuing to exceed inflation dollars.
Operational fluidity reached record levels, with freight car velocity increasing 5% and terminal dwell improving 7%, marking three straight quarters below 20 hours.
Management attributed margin resilience to workforce productivity, which has delivered eight consecutive quarters of record results despite wage and benefit inflation.
The domestic intermodal segment achieved its fourth consecutive record quarter, benefiting from constrained truck capacity and successful over-the-road share gains.
#dollars #inflation #NVIDIA #tell
4 days ago
Our ***** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Achieved record adjusted EBITDA margins of 61%, driven by a 25% increase in copper production and favorable commodity pricing environments.
Maintained three consecutive quarters of stable operations at QB, demonstrating progress in reducing historical operational constraints and improving ***** et utilization.
Successfully managed net cash unit costs despite energy inflation headwinds, supported by higher production volumes and significant byproduct credits from molybdenum, silver, and zinc.
Advanced the Highland Valley Copper mine life extension to 95% engineering completion, securing its role as a cornerstone ***** et through 2046.
#asset #NVIDIA #achieved #successfully
Achieved record adjusted EBITDA margins of 61%, driven by a 25% increase in copper production and favorable commodity pricing environments.
Maintained three consecutive quarters of stable operations at QB, demonstrating progress in reducing historical operational constraints and improving ***** et utilization.
Successfully managed net cash unit costs despite energy inflation headwinds, supported by higher production volumes and significant byproduct credits from molybdenum, silver, and zinc.
Advanced the Highland Valley Copper mine life extension to 95% engineering completion, securing its role as a cornerstone ***** et through 2046.
#asset #NVIDIA #achieved #successfully
4 days ago
Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Management attributes the 12% comparable EPS growth to the consistent execution of a balanced growth strategy designed to derisk the portfolio and shift toward less capital-intensive business models.
The business mix has successfully transitioned from being FMS-dominant in 2018 to approximately 60% ****** et-light revenue from supply chain and dedicated segments in 2026.
Operational outperformance relative to prior cycles is driven by a high-quality contractual base, with over 90% of revenue now generated by long-term contracts.
Strategic initiatives delivered $70 million in incremental benefits for 2026, focusing on lease pricing, maintenance cost savings, and omnichannel network optimization.
#operational
Management attributes the 12% comparable EPS growth to the consistent execution of a balanced growth strategy designed to derisk the portfolio and shift toward less capital-intensive business models.
The business mix has successfully transitioned from being FMS-dominant in 2018 to approximately 60% ****** et-light revenue from supply chain and dedicated segments in 2026.
Operational outperformance relative to prior cycles is driven by a high-quality contractual base, with over 90% of revenue now generated by long-term contracts.
Strategic initiatives delivered $70 million in incremental benefits for 2026, focusing on lease pricing, maintenance cost savings, and omnichannel network optimization.
#operational
4 days ago
For e-commerce brands trapped in bad logistics partnerships, breaking free can feel almost impossible. The decision to leave an underperforming third-party logistics provider (3PL) is usually simple enough, but contract termination fees, system integrations and inventory transfer expenses stand firmly in the way. Making a switch is pricey.
As a result, growing businesses often remain connected to inflexible partners that drive up overhead and offer very little operational visibility.
More from WWD
At District, E-Commerce Goes Live
Alibaba.com Launches Sourcing Toolkit
#sourcing
As a result, growing businesses often remain connected to inflexible partners that drive up overhead and offer very little operational visibility.
More from WWD
At District, E-Commerce Goes Live
Alibaba.com Launches Sourcing Toolkit
#sourcing
4 days ago
Deep Sail Capital Partners, an investment management company, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund significantly outperformed both of its benchmarks, the Russell 2000 Mid Cap Growth Index and the Russell 2000 Index, returning 41.6% net of fees while averaging 88% net long exposure. YTD, the fund returned 16.5% net of fees. long portfolio significantly outperformed both benchmarks, while the short portfolio was mixed in the quarter. The letter states that there was a notable performance push in Q1, which was reflected in Q2, driven by both the Iran War and idiosyncratic impacts on positions in the fund. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Deep Sail Capital Partners highlighted Celestica Inc. (NYSE:CLS). Celestica Inc. (NYSE:CLS) is a leading technology and electronic manufacturing services company that offers supply chain solutions across multiple countries. On July 22, 2026, Celestica Inc. (NYSE:CLS) closed at $335.50 per share, reflecting a market capitalization of $38.57 billion. Celestica Inc. (NYSE:CLS) posted a one-month return of -7.17%, while its shares gained 104.60% over the past 52 weeks.
Deep Sail Capital Partners stated the following regarding Celestica Inc. (NYSE:CLS) in its Q2 2026 investor update:
"Celestica Inc. (NYSE:CLS) has transitioned from its legacy roots as an IBM captive manufacturer to become a design and technology integration leader within the AI and cloud infrastructure ***** e. Celestica was founded in 1994 as a subsidiary of IBM Canada. It was subsequently acquired by PE, and then IPOed in the late 1990s. The company's strategy from there was an acquisition model for the next two decades, acquiring various electronics and computer peripherals manufacturing and supply companies, highly tied to major OEMs like IBM, Avaya, and Lucent. At the beginning of the AI boom, the company found itself incredibly well positioned to provide specialized design, operational, and engineering services to large technology companies looking to build data centers or ***** ociated integrated rack systems.
The business segments of Celestica are split into two highly specialized operational segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). Within the CCS segment, the company serves enterprise AI companies and the hyperscalers, including Google, Meta, Dell, HPE, IBM, Juniper Networks, and Oracle Corporation, among others. Within the ATS segment, Celestica supports highly complex capital equipment, aerospace, and defense programs for Tier-1 customers such as Applied Materials, Honeywell, Lam Research, and Raytheon..." (Click here to read the full text)
#deep #solutions
In its Q2 2026 investor letter, Deep Sail Capital Partners highlighted Celestica Inc. (NYSE:CLS). Celestica Inc. (NYSE:CLS) is a leading technology and electronic manufacturing services company that offers supply chain solutions across multiple countries. On July 22, 2026, Celestica Inc. (NYSE:CLS) closed at $335.50 per share, reflecting a market capitalization of $38.57 billion. Celestica Inc. (NYSE:CLS) posted a one-month return of -7.17%, while its shares gained 104.60% over the past 52 weeks.
Deep Sail Capital Partners stated the following regarding Celestica Inc. (NYSE:CLS) in its Q2 2026 investor update:
"Celestica Inc. (NYSE:CLS) has transitioned from its legacy roots as an IBM captive manufacturer to become a design and technology integration leader within the AI and cloud infrastructure ***** e. Celestica was founded in 1994 as a subsidiary of IBM Canada. It was subsequently acquired by PE, and then IPOed in the late 1990s. The company's strategy from there was an acquisition model for the next two decades, acquiring various electronics and computer peripherals manufacturing and supply companies, highly tied to major OEMs like IBM, Avaya, and Lucent. At the beginning of the AI boom, the company found itself incredibly well positioned to provide specialized design, operational, and engineering services to large technology companies looking to build data centers or ***** ociated integrated rack systems.
The business segments of Celestica are split into two highly specialized operational segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). Within the CCS segment, the company serves enterprise AI companies and the hyperscalers, including Google, Meta, Dell, HPE, IBM, Juniper Networks, and Oracle Corporation, among others. Within the ATS segment, Celestica supports highly complex capital equipment, aerospace, and defense programs for Tier-1 customers such as Applied Materials, Honeywell, Lam Research, and Raytheon..." (Click here to read the full text)
#deep #solutions
5 days ago
This story was originally published on ESG Dive. To receive daily news and insights, subscribe to our free daily ESG Dive newsletter.
BlackRock's Global Infrastructure Partners, United Arab Emirates-based technology investment firm MGX and buyers under the umbrella of the Artificial Intelligence Infrastructure Partnership have closed an acquisition of data center developer Aligned Data Centers valued at $40 billion.
The new buyers will purchase 100% of the equity in Aligned Data Centers, which owns over 6.4 gigawatts of operational and planned data center capacity, from Macquarie **** et Management, according to a Tuesday release.
The deal was first announced in October, also at a $40 billion valuation. BlackRock, Microsoft and Nvidia, along with MGX and GIP, launched the AI Infrastructure Partnership in September 2024 with the goal of investing in next-generation AI infrastructure.
The AI Infrastructure Partnership was established to initially mobilize $30 billion to scale AI and data technology and infrastructure. The acquisition of Aligned Data Centers represents AIP's first investment, according to a July 21 press release.
#centers #daily #technology
BlackRock's Global Infrastructure Partners, United Arab Emirates-based technology investment firm MGX and buyers under the umbrella of the Artificial Intelligence Infrastructure Partnership have closed an acquisition of data center developer Aligned Data Centers valued at $40 billion.
The new buyers will purchase 100% of the equity in Aligned Data Centers, which owns over 6.4 gigawatts of operational and planned data center capacity, from Macquarie **** et Management, according to a Tuesday release.
The deal was first announced in October, also at a $40 billion valuation. BlackRock, Microsoft and Nvidia, along with MGX and GIP, launched the AI Infrastructure Partnership in September 2024 with the goal of investing in next-generation AI infrastructure.
The AI Infrastructure Partnership was established to initially mobilize $30 billion to scale AI and data technology and infrastructure. The acquisition of Aligned Data Centers represents AIP's first investment, according to a July 21 press release.
#centers #daily #technology
5 days ago
The Jaffna Kings will continue their Lanka Premier League (LPL) 2026 campaign despite their franchise rights being terminated by Sri Lanka Cricket (SLC) and tournament organiser Innovative Production Group (IPG) over financial and contractual breaches. The decision, announced on Thursday, sees all franchise rights revert to IPG, which, alongside SLC, has ******* umed complete operational control of the four-time champions to ensure the tournament proceeds without disruption.
According to SLC and IPG, the franchise owners failed to fulfil their financial obligations under the franchise agreement. The termination comes in the middle of the tournament following a series of controversies surrounding the ownership group, Sports Commune.
Co-owner Manjot Kalra was arrested over corruption-related allegations, while another owner, Mayank Goel, has become unreachable. The ownership group also allegedly failed to pay player and staff salaries and mismanaged sponsor funds, leading to the cancellation of the franchise agreement.
As a result, IPG and SLC have taken direct control of the team's operations. Despite the ownership shake-up, the Jaffna Kings will continue under the same name with their existing squad, coaching staff and support personnel.
IPG CEO Anil Mohan stressed that safeguarding the tournament's integrity remained the organisers' top priority.
"While this was a difficult decision, our priority has always been to protect the integrity of the Lanka Premier League and ensure complete stability for our players, coaches, partners and fans. Together with Sri Lanka Cricket, we have acted swiftly to ensure the Jaffna Kings continue to participate in the tournament without disruption. We want to ******* ure everyone that all operational matters, including player contracts, staff commitments and team logistics, are being managed seamlessly. The sixth edition of the LPL will proceed as planned, and we remain fully committed to delivering another successful and world-class tournament," Anil Mohan said.
On the field, the Bhanuka Rajapaksa-led Jaffna Kings have made a positive start to their campaign, winning two of their first three matches. The sixth edition of the Lanka Premier League began on July 17 and is scheduled to conclude on August 8.
#lanka #jaffna #kings #league
According to SLC and IPG, the franchise owners failed to fulfil their financial obligations under the franchise agreement. The termination comes in the middle of the tournament following a series of controversies surrounding the ownership group, Sports Commune.
Co-owner Manjot Kalra was arrested over corruption-related allegations, while another owner, Mayank Goel, has become unreachable. The ownership group also allegedly failed to pay player and staff salaries and mismanaged sponsor funds, leading to the cancellation of the franchise agreement.
As a result, IPG and SLC have taken direct control of the team's operations. Despite the ownership shake-up, the Jaffna Kings will continue under the same name with their existing squad, coaching staff and support personnel.
IPG CEO Anil Mohan stressed that safeguarding the tournament's integrity remained the organisers' top priority.
"While this was a difficult decision, our priority has always been to protect the integrity of the Lanka Premier League and ensure complete stability for our players, coaches, partners and fans. Together with Sri Lanka Cricket, we have acted swiftly to ensure the Jaffna Kings continue to participate in the tournament without disruption. We want to ******* ure everyone that all operational matters, including player contracts, staff commitments and team logistics, are being managed seamlessly. The sixth edition of the LPL will proceed as planned, and we remain fully committed to delivering another successful and world-class tournament," Anil Mohan said.
On the field, the Bhanuka Rajapaksa-led Jaffna Kings have made a positive start to their campaign, winning two of their first three matches. The sixth edition of the Lanka Premier League began on July 17 and is scheduled to conclude on August 8.
#lanka #jaffna #kings #league
5 days ago
Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Management attributed resilient 20.2% EBITDA margins to structural improvements in working capital and cost discipline, despite significant operational disruptions in the Middle East.
The Middle East region faced activity suspensions and logistical hurdles due to regional conflict, with freight costs peaking in May before beginning to moderate.
Strategic discipline led the company to exit the Saudi Arabian LSTK contract, prioritizing higher-margin, technology-differentiated work over lower-return revenue volume.
Latin American performance was impacted by activity deferrals in Mexico, though cash flow was bolstered by strong, consistent payments from the primary customer there.
#east #ebitda #strategic #saudi
Management attributed resilient 20.2% EBITDA margins to structural improvements in working capital and cost discipline, despite significant operational disruptions in the Middle East.
The Middle East region faced activity suspensions and logistical hurdles due to regional conflict, with freight costs peaking in May before beginning to moderate.
Strategic discipline led the company to exit the Saudi Arabian LSTK contract, prioritizing higher-margin, technology-differentiated work over lower-return revenue volume.
Latin American performance was impacted by activity deferrals in Mexico, though cash flow was bolstered by strong, consistent payments from the primary customer there.
#east #ebitda #strategic #saudi
6 days ago
Former IPL chairman Lalit Modi, the BCCI and some of its office-bearers received major relief after the Appellate Tribunal under SAFEMA set aside a key Enforcement Directorate (ED) penalty in a Foreign Exchange Management Act (FEMA) case linked to the 2009 Indian Premier League in South Africa.
The case stemmed from the IPL’s relocation to South Africa due to India’s general elections in 2009. The ED had alleged that overseas remittances of around 243 crore ($49.86 million) made to Cricket South Africa for hosting the tournament violated FEMA provisions.
However, a division bench comprising chairman Justice Munishwar Nath Bhandari and member Rajesh Malhotra ruled that the payments were legitimate operational expenses and qualified as current account transactions, which did not require prior approval from the Reserve Bank of India. The judgment was delivered on July 16.
In its order, the tribunal described Modi as the “chief architect” behind the organisation of IPL-2 in South Africa and held that there was no material to show he was responsible for BCCI’s statutory FEMA compliance. It termed the penalty imposed on him “wholly erroneous” and set it aside.
Welcoming the verdict, Modi said: “The Tribunal has rejected the central premise on which the Enforcement Directorate’s case against me had been built. It held that the principal foreign remittances relating to IPL 2009 in South Africa were current account transactions, not capital account transactions.”
Calling the ruling a vindication after a prolonged legal battle, Modi added: “For over 16 years I have consistently maintained that I acted in good faith, in the best interests of Indian cricket and the IPL, and committed no personal wrongdoing.”
The tribunal also granted relief to the BCCI and State Bank of India, overturning most of the ED’s 2018 penalty order while retaining only minor fines on the BCCI for administrative delays.
#tribunal #penalty #account
The case stemmed from the IPL’s relocation to South Africa due to India’s general elections in 2009. The ED had alleged that overseas remittances of around 243 crore ($49.86 million) made to Cricket South Africa for hosting the tournament violated FEMA provisions.
However, a division bench comprising chairman Justice Munishwar Nath Bhandari and member Rajesh Malhotra ruled that the payments were legitimate operational expenses and qualified as current account transactions, which did not require prior approval from the Reserve Bank of India. The judgment was delivered on July 16.
In its order, the tribunal described Modi as the “chief architect” behind the organisation of IPL-2 in South Africa and held that there was no material to show he was responsible for BCCI’s statutory FEMA compliance. It termed the penalty imposed on him “wholly erroneous” and set it aside.
Welcoming the verdict, Modi said: “The Tribunal has rejected the central premise on which the Enforcement Directorate’s case against me had been built. It held that the principal foreign remittances relating to IPL 2009 in South Africa were current account transactions, not capital account transactions.”
Calling the ruling a vindication after a prolonged legal battle, Modi added: “For over 16 years I have consistently maintained that I acted in good faith, in the best interests of Indian cricket and the IPL, and committed no personal wrongdoing.”
The tribunal also granted relief to the BCCI and State Bank of India, overturning most of the ED’s 2018 penalty order while retaining only minor fines on the BCCI for administrative delays.
#tribunal #penalty #account
6 days ago
Its history in market shocks reveals a pattern of deep falls and long recoveries that every shareholder should understand.
Bloom Energy (BE) stock fell 8.3% on July 20th, a sharp move for any holder. But to understand the risk you are carrying, you have to look past a single session. This is a company at the center of the AI buildout, providing clean, on-site power solutions for data centers, highlighted by a landmark deal with Oracle for its Project Jupiter. The market is weighing that strong demand, which led management to raise its 2026 revenue guidance to a range of $3.4 billion to $3.8 billion, against the significant operational challenge of scaling its manufacturing to meet it.
That recent dip is a minor tremor. The real question for a shareholder is how this stock behaves in a true major market downturn. When the entire market sells off, how far does Bloom Energy fall, and how long does it take to climb back? Can you ride that out?
A 78% Fall During The Covid Crash
When the broad market falls, Bloom Energy stock tends to fall much further. Across the seven major market shocks it has traded through, the stock's average peak-to-trough drop was about 49%, compared to just 17% for the S&P 500. That amplified downside is the core risk.
#Stock #falls #shareholder
Bloom Energy (BE) stock fell 8.3% on July 20th, a sharp move for any holder. But to understand the risk you are carrying, you have to look past a single session. This is a company at the center of the AI buildout, providing clean, on-site power solutions for data centers, highlighted by a landmark deal with Oracle for its Project Jupiter. The market is weighing that strong demand, which led management to raise its 2026 revenue guidance to a range of $3.4 billion to $3.8 billion, against the significant operational challenge of scaling its manufacturing to meet it.
That recent dip is a minor tremor. The real question for a shareholder is how this stock behaves in a true major market downturn. When the entire market sells off, how far does Bloom Energy fall, and how long does it take to climb back? Can you ride that out?
A 78% Fall During The Covid Crash
When the broad market falls, Bloom Energy stock tends to fall much further. Across the seven major market shocks it has traded through, the stock's average peak-to-trough drop was about 49%, compared to just 17% for the S&P 500. That amplified downside is the core risk.
#Stock #falls #shareholder
6 days ago
GE's numbers were stellar, but ****** ysts on the call wanted to know if the growth was sustainable or a supply-constrained peak.
After a 32% run over the past year, GE Aerospace (GE) just gave bulls everything they wanted, reporting 24% revenue growth and raising its full-year free cash flow guidance to a range of $8.9 billion to $9.2 billion. Yet on its latest call, nearly every sharp question from ****** ysts circled a single, nagging worry: is this as good as it gets? They pressed management to prove that the explosive first-half growth was not just a pull-forward, and that GE's supply chain could actually deliver on its large backlog without margins getting crushed.
The core tension for GE is the gap between its promises and its parts. The company sits on a large commercial services backlog of roughly $170 billion, a powerful signal of future revenue. The problem is that the checks are being written today, but the revenue depends on shipping physical goods in a strained supply chain. The clearest evidence of this operational bottleneck showed up in the company's own metrics: spare parts delinquencies, which track orders delayed by material shortages, grew 20% sequentially in the second quarter. If demand is so resilient, why are the fulfillment issues getting worse, not better?
Management's response was to frame the growth as structural, not a one-time surge. The CEO argued that the aging of the global fleet creates a natural tailwind for higher-value shop visits, and that the company's focus is squarely on execution. The issue, as management put it, is "much more a supply-side challenge than it is demand." That is a confident read on the market, but it also openly confirms that the primary governor on GE's growth is its own ability to get parts out the door.
Even if GE solves its supply issues, the next question is whether that revenue will be profitable. The company is delivering a wave of new engines, particularly the GE9X, which carry lower margins and act as a drag on overall profitability. ****** ysts pushed on when, exactly, the high-margin services business would translate into higher company-wide margins.
#revenue #analysts #parts #call
After a 32% run over the past year, GE Aerospace (GE) just gave bulls everything they wanted, reporting 24% revenue growth and raising its full-year free cash flow guidance to a range of $8.9 billion to $9.2 billion. Yet on its latest call, nearly every sharp question from ****** ysts circled a single, nagging worry: is this as good as it gets? They pressed management to prove that the explosive first-half growth was not just a pull-forward, and that GE's supply chain could actually deliver on its large backlog without margins getting crushed.
The core tension for GE is the gap between its promises and its parts. The company sits on a large commercial services backlog of roughly $170 billion, a powerful signal of future revenue. The problem is that the checks are being written today, but the revenue depends on shipping physical goods in a strained supply chain. The clearest evidence of this operational bottleneck showed up in the company's own metrics: spare parts delinquencies, which track orders delayed by material shortages, grew 20% sequentially in the second quarter. If demand is so resilient, why are the fulfillment issues getting worse, not better?
Management's response was to frame the growth as structural, not a one-time surge. The CEO argued that the aging of the global fleet creates a natural tailwind for higher-value shop visits, and that the company's focus is squarely on execution. The issue, as management put it, is "much more a supply-side challenge than it is demand." That is a confident read on the market, but it also openly confirms that the primary governor on GE's growth is its own ability to get parts out the door.
Even if GE solves its supply issues, the next question is whether that revenue will be profitable. The company is delivering a wave of new engines, particularly the GE9X, which carry lower margins and act as a drag on overall profitability. ****** ysts pushed on when, exactly, the high-margin services business would translate into higher company-wide margins.
#revenue #analysts #parts #call
6 days ago
Our **** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Performance growth was driven by a 4% revenue increase and 12% pretax income growth, supported by a scalable platform that recently reached the 100,000th lot delivery milestone.
Management attributes the current demand environment to ongoing affordability constraints and cautious consumer sentiment, which have impacted the pace of new home sales.
The company is utilizing its national footprint of over 200 active projects to strategically allocate capital based on local demand and market dynamics.
Operational discipline is focused on turning land and lot inventory efficiently to maximize returns while maintaining a 3 to 4 year supply of land and lots.
#Growth #NVIDIA #operational
Performance growth was driven by a 4% revenue increase and 12% pretax income growth, supported by a scalable platform that recently reached the 100,000th lot delivery milestone.
Management attributes the current demand environment to ongoing affordability constraints and cautious consumer sentiment, which have impacted the pace of new home sales.
The company is utilizing its national footprint of over 200 active projects to strategically allocate capital based on local demand and market dynamics.
Operational discipline is focused on turning land and lot inventory efficiently to maximize returns while maintaining a 3 to 4 year supply of land and lots.
#Growth #NVIDIA #operational
6 days ago
ETF.com President & Director of Research Dave Nadig grabbed some time with John Montgomery, Founder, CEO, and PM at Bridgeway Capital Management, while at the 2026 ICI ETF Conference. Their discussion covered everything from contrarian investing and walking the talk to the company's 50% donation of profits to charities since its inception in the early '90s.
John Montgomery has been running Bridgeway for over three decades, with a simple pitch: deep quantitative research, a focus on smaller, less-liquid stocks that bigger competitors can't touch, and a lean team where everyone knows everyone. But the real differentiator isn't the strategy but instead the why. Bridgeway funnels a share of its profits into a foundation focused on ending genocide and preventing war atrocities, working in sub-Saharan Africa and Ukraine. It's not a marketing gimmick either but instead is baked into the culture from the board room down.
The firm's move from mutual funds to ETFs is its own case study in doing things the hard way for the right reasons. Rather than sidestep the pain with a cheaper clone or share-class workaround, Bridgeway fully converted several strategies, eating short-term costs for long-term tax efficiency and lower fees. Montgomery's philosophy is if a painful transition is coming, do it early and don't wait until you're the last holdout. However, Bridgeway isn't trying to be a trailblazer either in that regard, instead waiting for at least some of the infrastructure to get built by others and jumping in once the operational kinks are worked out.
On the investing side, Montgomery's contrarian streak runs deep. His family literally trims their own personal budget to buy more stock when markets crash, putting the buy low, sell high mentality into practice. That mindset shows up in Bridgeway's small-cap value strategy, which stays disciplined even when the category falls out of favor, helped by a long partnership with Focus Partners Wealth that rebalances into the strategy precisely when everyone else is fleeing it. It's a countercyclical approach that sounds obvious on paper and is brutally hard to live by in practice. It's also the perfect case study for exactly why people need financial advisors in the first place.
Permalink | © Copyright 2026 etf.com. All rights reserved
#bridgeway #everyone #strategy #montgomery
John Montgomery has been running Bridgeway for over three decades, with a simple pitch: deep quantitative research, a focus on smaller, less-liquid stocks that bigger competitors can't touch, and a lean team where everyone knows everyone. But the real differentiator isn't the strategy but instead the why. Bridgeway funnels a share of its profits into a foundation focused on ending genocide and preventing war atrocities, working in sub-Saharan Africa and Ukraine. It's not a marketing gimmick either but instead is baked into the culture from the board room down.
The firm's move from mutual funds to ETFs is its own case study in doing things the hard way for the right reasons. Rather than sidestep the pain with a cheaper clone or share-class workaround, Bridgeway fully converted several strategies, eating short-term costs for long-term tax efficiency and lower fees. Montgomery's philosophy is if a painful transition is coming, do it early and don't wait until you're the last holdout. However, Bridgeway isn't trying to be a trailblazer either in that regard, instead waiting for at least some of the infrastructure to get built by others and jumping in once the operational kinks are worked out.
On the investing side, Montgomery's contrarian streak runs deep. His family literally trims their own personal budget to buy more stock when markets crash, putting the buy low, sell high mentality into practice. That mindset shows up in Bridgeway's small-cap value strategy, which stays disciplined even when the category falls out of favor, helped by a long partnership with Focus Partners Wealth that rebalances into the strategy precisely when everyone else is fleeing it. It's a countercyclical approach that sounds obvious on paper and is brutally hard to live by in practice. It's also the perfect case study for exactly why people need financial advisors in the first place.
Permalink | © Copyright 2026 etf.com. All rights reserved
#bridgeway #everyone #strategy #montgomery
6 days ago
Norway's crude oil production beat official forecasts in June as offshore fields returned from seasonal maintenance, delivering a stronger-than-expected increase in supply at a time when global markets remain focused on disruptions to Middle Eastern exports.
According to preliminary figures released Tuesday by the Norwegian Offshore Directorate (SODIR), Norway's crude oil production averaged 1.827 million barrels per day (bpd) in June, exceeding the agency's official forecast while rising sharply from 1.677 million bpd in the same month last year.
The stronger-than-expected output reflects the return of key fields from seasonal maintenance and continued strong operational performance across the Norwegian Continental Shelf, reinforcing Norway's position as one of Europe's most reliable oil suppliers.
Including natural gas liquids (NGL) and condensate, Norway's total liquids production reached 2.022 million bpd, up from 1.909 million bpd in May, marking a month-on-month increase of approximately 113,000 bpd.
Natural gas production also recovered after seasonal maintenance. Gas sales totaled 10.0 billion standard cubic meters (Sm³) in June, up from 9.4 billion Sm³ in May, as Norwegian exports continued to underpin Europe's energy security following the sharp decline in Russian pipeline gas deliveries.
#million
According to preliminary figures released Tuesday by the Norwegian Offshore Directorate (SODIR), Norway's crude oil production averaged 1.827 million barrels per day (bpd) in June, exceeding the agency's official forecast while rising sharply from 1.677 million bpd in the same month last year.
The stronger-than-expected output reflects the return of key fields from seasonal maintenance and continued strong operational performance across the Norwegian Continental Shelf, reinforcing Norway's position as one of Europe's most reliable oil suppliers.
Including natural gas liquids (NGL) and condensate, Norway's total liquids production reached 2.022 million bpd, up from 1.909 million bpd in May, marking a month-on-month increase of approximately 113,000 bpd.
Natural gas production also recovered after seasonal maintenance. Gas sales totaled 10.0 billion standard cubic meters (Sm³) in June, up from 9.4 billion Sm³ in May, as Norwegian exports continued to underpin Europe's energy security following the sharp decline in Russian pipeline gas deliveries.
#million
6 days ago
A Secret Service agent on Vice President JD Vance's security detail is under internal review and has been put on administrative leave after being suspected of leaking information for a news story that included details about Vance's travel, a source familiar with the matter said.
A second source confirmed officials had identified a person believed to have been leaking information about Vance.
The review is being conducted by the agency's internal affairs component, the first source said, and it's unclear if any possible administrative punishment or criminal charges could be forthcoming.
The employee is suspected of having been a source for a recent story on MS NOW about agents on Vance's security detail dismayed by the purported burden the vice president's personal travel schedule has placed on his security team. As part of its coverage, MS NOW also described Vance's planned travel, including flying with his son on a Marine Corps helicopter to a golf lesson — plans that were later aborted.
The story caught the attention of Secret Service, FBI and White House officials, who fumed over operational details being described in the press, the first source said.
#security #internal
A second source confirmed officials had identified a person believed to have been leaking information about Vance.
The review is being conducted by the agency's internal affairs component, the first source said, and it's unclear if any possible administrative punishment or criminal charges could be forthcoming.
The employee is suspected of having been a source for a recent story on MS NOW about agents on Vance's security detail dismayed by the purported burden the vice president's personal travel schedule has placed on his security team. As part of its coverage, MS NOW also described Vance's planned travel, including flying with his son on a Marine Corps helicopter to a golf lesson — plans that were later aborted.
The story caught the attention of Secret Service, FBI and White House officials, who fumed over operational details being described in the press, the first source said.
#security #internal
6 days ago
Houthi attacks are expanding the Middle East conflict into the Red Sea, forcing tankers to reroute and pushing Brent above $91 amid growing fears of prolonged supply disruptions.
Aramco Floods the Red Sea With Crude Ahead of Houthi Escalation
- Perhaps foreshadowing an escalation in the Persian Gulf, Saudi Arabia's national oil company Saudi Aramco shipped record volumes of crude from its Red Sea port of Yanbu over the past four weeks.
- Yemen's Houthi rebels have sent an email to most global shipping companies, warning against loading any cargo in Saudi ports and threatening with strikes in case they come within operational reach.
- Following the closure of the Strait of Hormuz, Saudi Arabia has been relying on the 7 million b/d East-West pipeline to evacuate its production from its eastern regions towards oil markets.
- Of this, only 4-4.5 million b/d due to port limitations in Yanbu, the endpoint of the East-West pipeline and a key infrastructure chokepoint, with an additional 1.5-2 million b/d shipped to Aramco refineries along the Red Sea coast.
#west #escalation
Aramco Floods the Red Sea With Crude Ahead of Houthi Escalation
- Perhaps foreshadowing an escalation in the Persian Gulf, Saudi Arabia's national oil company Saudi Aramco shipped record volumes of crude from its Red Sea port of Yanbu over the past four weeks.
- Yemen's Houthi rebels have sent an email to most global shipping companies, warning against loading any cargo in Saudi ports and threatening with strikes in case they come within operational reach.
- Following the closure of the Strait of Hormuz, Saudi Arabia has been relying on the 7 million b/d East-West pipeline to evacuate its production from its eastern regions towards oil markets.
- Of this, only 4-4.5 million b/d due to port limitations in Yanbu, the endpoint of the East-West pipeline and a key infrastructure chokepoint, with an additional 1.5-2 million b/d shipped to Aramco refineries along the Red Sea coast.
#west #escalation
6 days ago
ReElement Technologies Corporation, a rare earth element and critical mineral refining company majority-owned by American Resources Corp (NASDAQ:AREC), has added 13 professionals to support the commissioning and scaling of its refining platform.
The new hires span plant operations, engineering, maintenance, laboratory sciences, finance and process optimization, and are aimed at supporting commissioning of the company's refining campus in Marion, Indiana, as well as ReElement's strategy of expanding production capacity in line with commercial customer demand.
"Demand for secure, domestic rare earth and critical mineral refining is moving quickly, and we are building the organization to move just as quickly," said Kirk Taylor, CFO of ReElement Technologies.
"These hires represent much more than additional headcount. They bring the operational, technical and financial expertise needed to commission equipment, improve processes, expand production and serve customers at commercial scale."
Among the additions are five professionals highlighted by the company.
#critical #professionals
The new hires span plant operations, engineering, maintenance, laboratory sciences, finance and process optimization, and are aimed at supporting commissioning of the company's refining campus in Marion, Indiana, as well as ReElement's strategy of expanding production capacity in line with commercial customer demand.
"Demand for secure, domestic rare earth and critical mineral refining is moving quickly, and we are building the organization to move just as quickly," said Kirk Taylor, CFO of ReElement Technologies.
"These hires represent much more than additional headcount. They bring the operational, technical and financial expertise needed to commission equipment, improve processes, expand production and serve customers at commercial scale."
Among the additions are five professionals highlighted by the company.
#critical #professionals
6 days ago
This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter.
Steel Dynamics, one of the largest producers of low-carbon, recycled steel, continued to benefit from strong demand and surging steel prices during the second quarter. It also navigated losses from its aluminum operations.
The Fort Wayne, Indiana-based company reported record-high steel shipments of 3.7 million tons in the quarter, driven by steady demand from the energy, construction, automotive, industrial and agriculture sectors. Net sales increased 33% to $6.1 billion compared to last year.
Quarterly net income nearly doubled to $534.1 million over last year. This was bolstered by higher steel selling prices, which increased $105 per ton from the first quarter. At the same time, the aluminum segment saw a $33 million loss related to operational startup costs.
Steel Dynamics has seen its earnings surge after the Trump administration enacted a series of steel import tariffs as supplies remain tight, which has had an outsized impact on prices.
#steel #quarter #daily #aluminum
Steel Dynamics, one of the largest producers of low-carbon, recycled steel, continued to benefit from strong demand and surging steel prices during the second quarter. It also navigated losses from its aluminum operations.
The Fort Wayne, Indiana-based company reported record-high steel shipments of 3.7 million tons in the quarter, driven by steady demand from the energy, construction, automotive, industrial and agriculture sectors. Net sales increased 33% to $6.1 billion compared to last year.
Quarterly net income nearly doubled to $534.1 million over last year. This was bolstered by higher steel selling prices, which increased $105 per ton from the first quarter. At the same time, the aluminum segment saw a $33 million loss related to operational startup costs.
Steel Dynamics has seen its earnings surge after the Trump administration enacted a series of steel import tariffs as supplies remain tight, which has had an outsized impact on prices.
#steel #quarter #daily #aluminum
6 days ago
July 21 (Reuters) - A consortium backed by BlackRock and Abu Dhabi-based fund MGX said on Tuesday it has committed an additional $5 billion in growth capital to Aligned Data Centers after closing its $40 billion acquisition of one of the world's biggest data center operators.
The investor group agreed last year to buy Aligned from Australian **** et manager Macquarie **** et Management, as it seeks to secure computing capacity for AI.
Founded in 2013, the Texas-based company builds and operates data centers for hyperscalers and cloud computing companies. It has 51 data center campuses and more than 6.4 gigawatts of operational and planned capacity globally.
Andrew Schaap, chief executive of Aligned Data Centers since 2017, will continue to lead the company.
The group aims to deploy $30 billion of equity capital initially, with the potential of reaching $100 billion, including debt.
#capital
The investor group agreed last year to buy Aligned from Australian **** et manager Macquarie **** et Management, as it seeks to secure computing capacity for AI.
Founded in 2013, the Texas-based company builds and operates data centers for hyperscalers and cloud computing companies. It has 51 data center campuses and more than 6.4 gigawatts of operational and planned capacity globally.
Andrew Schaap, chief executive of Aligned Data Centers since 2017, will continue to lead the company.
The group aims to deploy $30 billion of equity capital initially, with the potential of reaching $100 billion, including debt.
#capital
