Israeli biopharma company Teva Pharmaceutical Industries Limited (TEVA) is set to replace its American Depository Shares (ADSs) with the direct listing of its ordinary shares on the NYSE. The shares will start trading on Sept. 14 after the ADSs stop trading, with the ADS-holders receiving a one-for-one exchange. The move highlights the company's focus on United States market growth, aiming to broaden its shareholder base and optimize its cost of capital. This also opens up the potential for the stock to be included in major indices, potentially bringing greater visibility and institutional investors' attention.
We take a closer look at Teva Pharmaceutical before that happens.
CoreWeave Just Scored a Leidos Partnership. What That Means for CRWV Stock Here.
Palantir Is Set to Deliver Strong Q2. ****** ysts See 60% Upside Potential for PLTR Stock.
Earnings, PMI and Other Key Things to Watch this Week

#adss

American singer-songwriter and Oscar-nominated actress Ariana Grande will "take a step back from visibility" after her 'Eternal Sunshine' tour, and has withdrawn from her planned West End debut.
Grande, 33, is wrapping up the North American leg of her tour and will begin a 10-date residency at London's O2 Arena later this month. Her representative has confirmed that she will take a break from public appearances after these shows, which end on 1 September.
"Ariana will be taking a step back from visibility after she completes the 'Eternal Sunshine' tour," the rep told People. "She looks forward to finishing the tour and ending it on a high note, both healthily and happily, and then taking a much-deserved break from public-facing work and appearances, which has led to endless, ongoing public scrutiny."
People also quoted a source close to Grande, who emphasised that she was in good health. "She performs a very physical show, and there is a lot of athleticism involved," they said. "She performs healthily and successfully at a very high level night after night."
Ariana Grande at the 31st Annual Critics Choice Awards - Sunday 4 January 2026 - AP Photo

#grande #tour #public #step

Ariana Grande plans to step away from the public eye following scrutiny, a representative told People, as discussion swirls around her health.
The representative told People that Grande will take "a step back from visibility after she completes the Eternal Sunshine Tour," which will wrap next month.
Following the announcement, Empire Street Productions confirmed that Grande has "decided to step back" from the revival of Stephen Sondheim's "Sunday in the Park With George," which will open at the Barbican Center in London next summer.
Grande was set to star as both Dot and Marie in the musical, opposite her "Wicked" co-star Jonathan Bailey.
"We know this cannot have been an easy decision, and she makes it with our complete understanding and support," the production company said. "We wish her nothing but the best."

#ariana

Ariana Grande has announced she will be 'taking a step back from visibility' after her tour ends.
The Thank U, Next singer will take a hiatus after wrapping up her Eternal Sunshine world tour in London this month.
Her agents confirmed she will pull out of the West End revival of Stephen Sondheim's Sunday in the Park with George.
The superstar was due to tread the boards of the Barbican Centre next summer, alongside her former Wicked co-star Jonathan Bailey.
A representative shared in a statement, "Ariana will be taking a step back from visibility after she completes the Eternal Sunshine Tour.
"She looks forward to finishing the tour and ending it on a high note, both healthily and happily, and then taking a much-deserved break from public-facing work and appearances, which has led to endless, ongoing public scrutiny."

#visibility

Originally appeared on E! Online
Ariana Grande is pressing pause.
Following the conclusion of her Eternal Sunshine tour next month, the Grammy winner will be stepping back from the public eye amid growing concerns about her health.
"Ariana will be taking a step back from visibility after she completes the Eternal Sunshine Tour," Grande's rep told E! News in a statement Aug. 2. "She looks forward to finishing the tour and ending it on a high note, both healthily and happily, and then taking a much-deserved break from public-facing work and appearances, which has led to endless, ongoing public scrutiny."
The "petal" singer's 41-stop tour—which began in June in Oakland, Calif., and will end on Sept. 1 in London—"has been a beautiful experience for her," her representative continued. "She loves her fans and has loved every minute of this tour so much."

#tour #public #taking #originally

Ariana Grande will take a step back from the spotlight once her Eternal Sunshine Tour ends on September 1.
"She looks forward to finishing the tour and ending it on a high note," a representative for Grande said.
Grande's decision to take a break from visibility comes amid "ongoing public scrutiny" about her health and her body.
Ariana Grande announced she'll be taking a much-deserved break after she wraps her Eternal Sunshine Tour in London on September 1.
On Sunday, a representative for Grande addressed the singer's indefinite break from the spotlight. "Ariana will be taking a step back from visibility after she completes the Eternal Sunshine Tour," the representative told People on August 2. The outlet also confirmed that Grande will no longer be participating in the West End revival of Steven Sondheim's Sunday in the Park With George next summer.

#eternal #sunshine #september

Ariana Grande will take a step away from the spotlight once her tour wraps up in September as concerns for her health grow, according to her rep.
"Ariana will be taking a step back from visibility after she completes the Eternal Sunshine Tour," a representative for Grande told People on Sunday.
Buzz: 'Sopranos' Actor Vincent Pastore, Known For Playing Mobsters And Tough Guys, Dead At 80
"She looks forward to finishing the tour and ending it on a high note, both healthily and happily, and then taking a much-deserved break from public-facing work and appearances, which has led to endless, ongoing public scrutiny," the rep said. "This tour has been a beautiful experience for her. She loves her fans and has loved every minute of this tour so much."
Grande has 13 more shows left on her tour, with the final stop on Sept. 1 in London. She will not perform in the West End revival of Stephen Sondheim's "Sunday in the Park with George," which was set to open in the summer of 2027, People also reported.

#step #public

Ariana Grande is to withdraw from public appearances and will no longer star in an upcoming musical production in London when she ends her Eternal Sunshine tour.
A representative for the US singer, 33, told People magazine that she "will be taking a step back from visibility" when the tour ends next month after her appearances led to "endless, ongoing public scrutiny".
The company behind a revival of Stephen Sondheim's Sunday in the Park with George, due to play at the Barbican in 2027, confirmed that she would no longer be part of the production and had its "complete understanding and support".
Grande's physical apperance and health have been a topic of speculation in recent years.
This speculation has increased since the release of her latest album, Petal, two days ago and her appearance in promotional material for it.

#production #ends #ariana

With public interest in Ariana Grande reaching a fever pitch, the pop star is reportedly ready to hit pause. According to a source, the "Petal" singer plans to retreat from the public eye after her ongoing tour wraps up in exactly one month. The decision is reportedly fueled, in part, by growing public scrutiny surrounding her health, appearance, and relationships.
Xavier Collin/Image Press Agency / MEGA
One of Grande's reps spoke with PEOPLE and said that the "Wicked" star will be "taking a step back from visibility after she completes the Eternal Sunshine Tour."
"She looks forward to finishing the tour and ending it on a high note, both healthily and happily, and then taking a much-deserved break from public-facing work and appearances, which has led to endless, ongoing public scrutiny," the rep added. "This tour has been a beautiful experience for her. She loves her fans and has loved every minute of this tour so much."
ZUMAPRESS.com / MEGA

#public #ongoing

Ariana Grande is planning to take a "step back from visibility" after her ongoing Eternal Sunshine tour, as her public appearances have "led to endless, ongoing public scrutiny," a representative for the star shared in a statement given to People.
"Ariana will be taking a step back from visibility after she completes the Eternal Sunshine Tour. She looks forward to finishing the tour and ending it on a high note, both healthily and happily, and then taking a much-deserved break from public-facing work and appearances, which has led to endless, ongoing public scrutiny," the statement reads. "This tour has been a beautiful experience for her. She loves her fans and has loved every minute of this tour so much."
The representative also confirmed that Grande has dropped out of her role in the West End's revival production of "Sunday in the Park With George." Grande was set to headline the show with her "Wicked" co-star Jonathan Bailey. Tickets for the 2027 revival were originally slated to hit the market in May, but the production delayed sales until the fall. Other outlets reported that the delay was ordered to allow Grande to complete her current tour, which concludes Sept. 1.
The statement comes after years of public speculation regarding Grande's health and personal life. Concerns resurfaced Friday with the release of Grande's new music video "Petal." While YouTube comments are typically a **** e dominated by emphatic fan responses, the majority of top comments expressed worry over Grande's physical appearance, including one that reads, "It's not about wanting the old Ariana back. It's about wanting her to be healthy."
Grande's Eternal Sunshine tour kicked off in June in Oakland, Calif., with plans to take the show overseas to London in the coming weeks. Her eighth studio album, "Petal," was released Friday.

#eternal #sunshine #Friday

Ariana Grande is stepping out of the spotlight for an extended break after she wraps her Eternal Sunshine Tour, a rep for the actress and pop star told People. The rep's statement cited "ongoing public scrutiny" as one of the reasons for the pause.
"Ariana will be taking a step back from visibility after she completes the Eternal Sunshine Tour," Grande's rep said. "She looks forward to finishing the tour and ending it on a high note, both healthily and happily, and then taking a much-deserved break from public-facing work and appearances, which has led to endless, ongoing public scrutiny. This tour has been a beautiful experience for her. She loves her fans and has loved every minute of this tour so much."
More from Variety
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#grande

Ariana Grande will soon take a break from public life amid the public discourse surrounding her health and body, her representative said Sunday.
Grande will be "taking a step back from visibility" following the completion of her Eternal Sunshine tour in London on September 1, the representative announced.
"She looks forward to finishing the tour and ending it on a high note, both healthily and happily, and then taking a much-deserved break from public-facing work and appearances, which has led to endless, ongoing public scrutiny," they told People magazine.
"This tour has been a beautiful experience for her. She loves her fans and has loved every minute of this tour so much."
Grande will also no longer appear in the West End revival of Stephen Sondheim's Sunday in the Park with George, People has confirmed.

#tour

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.
Enterprise organic bookings surged 37%, resulting in a record $12.1 billion backlog that provides high visibility into revenue acceleration for the second half of 2026 and into 2027.
The Americas Commercial HVAC segment achieved exceptional bookings growth of 50%, with all 14 key verticals growing by over 20% during the quarter., with particular strength in data centers.
Applied bookings grew over 100% for the fourth consecutive quarter, reflecting a fourfold increase on a two-year stack as customers prioritize energy-efficient thermal management systems.
Management attributed margin performance to intentional, heavy reinvestment in capacity expansions, innovation, and the deployment of the business operating system into recent acquisitions like Stellar.

#enterprise #americas #hvac

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter.
CFOs and treasury professionals are looking for more transparency and visibility when it comes to their payment and treasury systems in an age where companies are increasingly required to conduct their business in real-time, with faster, more data-saturated systems.
For finance chiefs, incorporating new payment rails or solutions is a balancing act: On the one hand, they want to reduce manual work for their teams, which is increasingly a cause for friction, but on the other hand, "certainly, there's always concern about resiliency in their own systems," said Richard Dooley, VP of Product Commercialization at payments company The Clearing House.
"Less friction in their processes, whether it's the payment process, the liquidity visibility process, obviously their AP and AR processes, that's always a top-of-mind issue," Dooley told CFO Dive regarding how executives are considering innovation. "How do they get greater visibility into what they're doing, into what's happening?"
In Dooley's experience, when it comes to what treasurers want out of their payment rails, visibility is key, he said—more insight into the payment data can help companies identify when something is a timing problem, versus a problem of liquidity, for instance, he said.

#payment #dive #increasingly

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

#holdings #vertiv #carillon

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

#carillon #defense

SummaryView Transcript
The logistics industry has a dirty little secret: trailers sit idle for 30-40% of their lifespan, costing carriers and shippers millions. Chris Hines, CEO of REPOWR, reveals how their new Trailer Optimization Platform (TOP) is transforming this inefficiency into opportunity. Discover how advanced data feeds and an execution layer can automate repositioning, boost utilization, and reduce operational costs. Learn why optimizing your "dumb boxes" is the next frontier in supply chain efficiency.
Trailers sit empty 30% to 40% of their working lives — and sometimes more — while every other link in the freight chain has been optimized. That is the core problem Repower is targeting with its new Trailer Optimization Platform, known as TOP, which automates the repositioning of trailer **** ets from surplus markets to deficit ones. CEO Chris Hines, a 44-year industry veteran, joined the Chattanooga-based startup to push it beyond its origins as a trailer marketplace and into an execution layer that carriers have long lacked.
The stakes are significant. A dry van trailer that cost $10,000 at the dawn of drop-and-hook operations now runs $50,000 depending on tariff conditions, Hines noted. Large carriers routinely run trailer-to-truck ratios of 2.5 to 3 to 1, meaning a fleet of 1,000 trucks could be managing 2,500 or more trailers — often tracked across a patchwork of TMS records, spreadsheets, and whiteboards. "Everything else is optimized in our chain," Hines said. "The gates are optimized, the dock's optimized, the truck's optimized, loads, fuel, but the trailers just lag behind."
"Visibility of the **** et is not enough. You need the execution layer and the automation to move the **** et to its next location." — Chris Hines, CEO, Repower

#optimized #chris #carriers #execution

Felicia, the flagship brand of Andriani Societa Benefit, announces a multi-year partnership with Juventus Football Club, becoming the Club's Official Healthy Food Partner. The agreement brings together two organisations that share values, including innovation, the pursuit of excellence and a strong focus on quality of life.
Felicia and Juventus aim to promote increasingly conscious consumption habits, highlighting the role of a balanced diet as an integral part of an active lifestyle.
Felicia will be present throughout the Juventus ecosystem through a structured program that includes brand visibility, digital content and dedicated experiences for supporters and the Bianconeri community. The agreement includes a presence at Allianz Stadium during Serie A and Italian Cup matches, activities at the Juventus Training Center and the production of exclusive content developed in collaboration with Juventus Creator Lab, providing direct access to Juventus' extensive global social media audience of more than 190 million followers.
The project will also directly involve the Club's sporting operations. Felicia products will become part of the Men's First Team's nutritional plan, confirming the shared focus on quality, innovation and wellbeing. The decision is consistent with the brand's commitment to promoting a healthy lifestyle inspired by the Mediterranean diet and biodiversity at the table, through products that are naturally gluten-free, rich in plant-based protein and whole grains and also suitable for athletes.
"This partnership marks an important milestone in Felicia's journey to strengthen its presence in the world of sport through the promotion of a positive and responsible approach to nutrition," said Marco Lentini, Marketing Director of Andriani Societa Benefit. "Working with an organisation such as Juventus means helping to raise awareness of issues related to wellbeing, taste, and the value of food biodiversity. It is the meeting of shared values and a common ability to create authentic connections between people, generations and communities.

#societa

Over the past five years, Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) shares have climbed by 145%, outpacing broader equities. The good news is that the tech leader is still riding a significant momentum that could lead to more market-beating returns in the coming years. In fact, in my view, Alphabet stock may double by the end of the decade. Here are three reasons why.
Alphabet's bread and **** er is advertising. The company is a leader in the digital ads **** e thanks to Google and YouTube, both of which are the most popular platforms in their respective categories. Alphabet's advertising business is improving thanks to artificial intelligence (AI), with AI overviews and AI mode driving stronger engagement. Sales growth in this unit has been robust. In the second quarter, Google advertising revenue was $81.6 billion, up 14.4% year over year. We could see ad sales growth maintain a solid northbound path as Alphabet doubles down on AI.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Alphabet's cloud computing business is firing on all cylinders. In the second quarter, Google Cloud's revenue was $24.8 billion, almost 82% higher than the year-ago period. There is a clear trend here. Cloud sales growth was 63% in the first quarter and 48% in the fourth quarter of 2025. The segment's operating income was even more impressive. It came in at $8.8 billion, 212% higher than the prior-year quarter. Once again, Alphabet's AI-related work is doing much of the heavy lifting, and there is more where that came from. Alphabet ended the quarter with a cloud backlog of $514 billion.
That grants the company significant visibility for at least the next few quarters. True, capex is growing fast, too. Alphabet initially expected capex between $180 billion and $190 billion this year. The company now expects to pour between $195 billion and $205 billion. Also, Alphabet's free cash flow was negative in the second quarter. That spooked some investors, leading to a sharp post-earnings dip. But Alphabet is clearly benefiting from its AI investments and should continue to do so. The stock may rebound as Alphabet justifies its capex and revenue and earnings growth accelerate even further.

#Growth #NVIDIA

Qualcomm Incorporated (NASDAQ:QCOM) is entering a new phase of growth as two major catalysts—the expansion of its Samsung partnership and its push into AI infrastructure— begin reshaping the company's long-term outlook.
Its expanded collaboration with Samsung paves the way for Snapdragon platforms to power Samsung's latest Galaxy smartphones, smart watches, and future AI-powered smart glasses. The collaboration reinforces Qualcomm's dominance in premium Android smartphones, validates its leadership in on-device AI, and creates opportunities to expand Snapdragon into new categories such as AI PCs, XR devices, and connected technologies.
Securing Snapdragon chips for more Galaxy flagship models will provide Qualcomm with higher premium chipset shipments, stronger QCT segment revenue, and greater visibility into future earnings.
Kārlis Dambrāns/Flickr
While smartphones remain Qualcomm's largest business, management is increasingly focused on reducing its dependence on the cyclical handset market by expanding into AI infrastructure.

#Smartphones #qualcomm #infrastructure #premium

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

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 significant automotive market outperformance with 12.7% organic growth against a 3% decline in global light vehicle production, driven by high take rates in China and strong demand for Lumbar and Massage solutions.
Successfully validated technology transferability by securing two major North American furniture brands, providing visibility to $50 million to $100 million in home and office revenue by 2028.
Advanced medical market strategy through the FDA 510(k) clearance of ThermAffyx, a patient-warming solution derived from core automotive intellectual property.
Acquired Innovative Medical Equipment (IME) to gain immediate access to the Veterans Administration channel, creating a cross-selling platform for the broader thermal management portfolio.

#million

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.
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#sourcing

Bristol Gate Capital Partners, an investment management company, published its Q2 2026 investor letter for the "US Equity Strategy". A copy of the letter can be downloaded here. The Strategy lagged the S&P 500 Total Return Index in the quarter in terms of returns, but outperformed in dividend growth. Despite debate over capital cycle returns, AI remained the dominant market theme, expanding from early adoption to broader enterprise adoption. The firm continues to focus on high-dividend-growth companies while maintaining discipline around valuation and earnings durability. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Bristol US Equity Strategy highlighted Accenture plc (NYSE:ACN). Accenture plc (NYSE:ACN), a professional services company that focuses on consulting, technology, and outsourcing. On July 22, 2026, Accenture plc (NYSE:ACN) closed at $140.09 per share. One-month return of Accenture plc (NYSE:ACN) was 9.41%, and its shares lost 51.13% over the past 52 weeks. Accenture plc (NYSE:ACN) has a market capitalization of $84.17 billion.
Bristol US Equity Strategy stated the following regarding Accenture plc (NYSE:ACN) in its Q2 2026 investor update:
"We liquidated our stakes in Accenture plc (NYSE:ACN) and Intuit due to overlapping thematic headwinds. Both companies face intensifying market scrutiny regarding the potential for generative AI to disrupt their core business models. Accenture's labour-intensive consulting framework and Intuit's legacy software franchise. Because these structural debates will take considerable time to resolve, the near-term visibility on earnings durability has diminished. More critically, our forward-looking model signaled a material deterioration in their projected dividend-growth trajectories. Consequently, we redeployed this capital into higher-conviction opportunities with what we believe are superior risk adjusted return profiles."
Accenture plc (NYSE:ACN) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 64 hedge fund portfolios held Accenture plc (NYSE:ACN) at the end of the first quarter, compared to 71 in the previous quarter. In the first quarter of fiscal 2026, Accenture plc (NYSE:ACN) reported revenues of $18.7 billion, reflecting a 5% increase in local currency. While we acknowledge the potential of Accenture plc (NYSE:ACN) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

#Equity #quarter #investor #letter

The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need to know, as compiled by The Fly.

Top 5 Upgrades:
Jefferies upgraded Verisk ****** ytics (VRSK) to Buy from Hold with a price target of $235, up from $192. Verisk's Q1 report "likely marks a trough," with its organic growth improving to 5% year-over-year in Q2, and accelerating further in the second half of 2026, the firm tells investors in a research note.
Morgan Stanley upgraded PayPay (PAYP) to Overweight from Equal Weight with a price target of $23, down from $24. The firm says that while the company's near-term catalysts remain limited, the stock's risk/reward suggests the upside potential outweighs downside risk.
Wolfe Research upgraded AT&T (T) to Outperform from Peer Perform with a $29 price target. The company's Q2 brought "stable and better than expected" unit economics, the firm tells investors in a research note.
KeyBanc upgraded Ameren (AEE) to Overweight from Sector Weight with a $122 price target. The firm believes increasing visibility around incremental load growth could position Ameren for a "meaningful earnings growth revision as early as this fall."

#Research #price #investors #Growth

Bristol Gate Capital Partners, an investment management company, published its Q2 2026 investor letter for the "US Equity Strategy". A copy of the letter can be downloaded here. The Strategy lagged the S&P 500 Total Return Index in the quarter in terms of returns, but outperformed in dividend growth. Despite debate over capital cycle returns, AI remained the dominant market theme, expanding from early adoption to broader enterprise adoption. The firm continues to focus on high-dividend-growth companies while maintaining discipline around valuation and earnings durability. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Bristol US Equity Strategy highlighted Intuit Inc. (NASDAQ:INTU). Intuit Inc. (NASDAQ:INTU) is a financial software company offering products and services for financial management, payments, capital, compliance, and marketing. Intuit Inc. (NASDAQ:INTU) is facing AI disruption concerns in a rapidly changing software land scape. On July 22, 2026, Intuit Inc. (NASDAQ:INTU) closed at $284.47 per share. One-month return of Intuit Inc. (NASDAQ:INTU) was 11.53%, and its shares lost 63.59% over the past 52 weeks. Intuit Inc. (NASDAQ:INTU) has a market capitalization of $77.81 billion.
Bristol US Equity Strategy stated the following regarding Intuit Inc. (NASDAQ:INTU) in its Q2 2026 investor update:
"Intuit Inc. (NASDAQ:INTU) was the largest detractor with the share price down significantly after its quarterly report disappointed investors. We liquidated our stakes in Accenture and Intuit due to overlapping thematic headwinds. Both companies face intensifying market scrutiny regarding the potential for generative AI to disrupt their core business models. Accenture's labour-intensive consulting framework and Intuit's legacy software franchise. Because these structural debates will take considerable time to resolve, the near-term visibility on earnings durability has diminished. More critically, our forward-looking model signaled a material deterioration in their projected dividend-growth trajectories. Consequently, we redeployed this capital into higher-conviction opportunities with what we believe are superior risk adjusted return profiles."
Intuit Inc. (NASDAQ:INTU) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 92 hedge fund portfolios held Intuit Inc. (NASDAQ:INTU) at the end of the first quarter, compared to 91 in the previous quarter. In the third quarter of fiscal 2026, Intuit Inc. (NASDAQ:INTU) reported revenue of $8.6 billion, reflecting a 10% year-over-year growth. While we acknowledge the potential of Intuit Inc. (NASDAQ:INTU) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report

Ryanair Holdings plc (NASDAQ:RYAAY)'s fiscal first-quarter profit fell 34% to €538 million from €820 million a year earlier. Revenue rose about 1% to €4.38 billion, short of the €4.48 billion ***** ysts expected. Passenger traffic climbed 6% to 61.3 million. Shares fell as much as 7% on the day (July 20). Rival carriers Wizz Air, Lufthansa, IAG, and Air France-KLM all dropped too.
Two things drove the miss. Firstly, fares fell 6% as the Iran war made travelers nervous and pushed bookings closer to departure. Secondly, operating costs rose 11% because the 20% of Ryanair Holdings plc (NASDAQ:RYAAY)'s jet fuel that isn't hedged more than doubled in price, hitting $150 a barrel during the quarter. CEO Michael O'Leary said the conflict, EU jet-fuel supply concerns, and general economic uncertainty forced the airline to cut fares to fill seats. He gave no full-year profit guidance, calling second-quarter pricing "trending modestly down" YoY and noting zero visibility into the second half of the year.
That raises a real question. Is this just a short-term problem for Europe's strongest budget airline, or is it the beginning of a long period of low ticket prices that will last even after the war ends?
BULL CASE
Ryanair Holdings plc (NASDAQ:RYAAY)'s own earnings call is the strongest source for the bull case. CFO Neil Sorahan told CNBC the Middle East conflict will cause a capacity shakeout among weaker European airlines this winter, since carriers without Ryanair's cost base or balance sheet may fail or get absorbed. He confirmed Ryanair paid off its final €1.2 billion bond in May. The corporation is now debt-free and owns its roughly 620 aircraft outright, with about €2.8 billion in cash on hand. Sorahan pushed back on demand fears directly, telling CNBC, "No shortage of bookings. No shortage of people traveling, just travelers booking closer to departure.

#billion #fell

For a long time, IREN Limited (NASDAQ:IREN) was considered a Bitcoin mining operation company, but the company's cloud approach and AI deals have successfully transitioned it into a vertically integrated AI cloud provider.
The company came under the spotlight when it announced raising its year-end AI Cloud annualized run-rate revenue target to more than $4 billion, up from $3.7 billion, on July 20. The stock rallied nearly 20% after this news.
Out of the new target, roughly 85% is already under contract, as IREN Limited (NASDAQ:IREN) won multi-year cloud services deals with key AI developers, reflecting $2.8 billion in total contract value.
A testament to the company's scaled AI Cloud business is the expansion of 3MW of self-built AI Cloud capacity to 480MW being delivered this year, with expectations of the 1.2GW level in 2027. There's no doubt the company is expanding its customer base across hyperscalers, enterprises and AI developers, but investors want to know whether this announcement actually means something in the long term or if the growth prospects have already been priced in.
The news supports the earlier revenue projection by Freedom Capital. The firm expects the company's revenue to "explode" from $717 million this year to $3.1 billion and $8.5 billion in FY27 and FY28, respectively. The company's latest AI Cloud update provides additional revenue visibility for a business that is expanding at a rapid pace.

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Super Micro Computer Inc. (NASDAQ:SMCI) gave investors conflicting figures in its Q4 preliminary update on July 21. Fiscal Q4 revenue is expected near the bottom of its $11 billion to $12.5 billion guidance, below the $11.67 billion **** yst consensus, yet shares jumped 17.5% after hours. Our take is that the market was not celebrating sales; rather, it was repricing how much profit Supermicro might extract from them.
Supermicro now expects both GAAP and non-GAAP gross margins of 15% to 17%, almost twice its previous 8.2% to 8.4% forecast. At $11 billion of revenue, the new range implies roughly $1.65 billion to $1.87 billion of gross profit, compared with $902 million to $924 million under the old forecast. Even the low end of the new range exceeds the high end of the old one by about $726 million.
The reversal follows gross margins of only 6.3% in fiscal Q2 and 9.9% in Q3. Management attributed it to favorable customer and product mix. That can explain one quarter, but not yet a durable change. Mix can reverse quickly.
Copyright: ralwel / 123RF Stock Photo
Supermicro received more than $60 billion of new orders during fiscal Q4 and ended the year with record backlog. The orders are expected to ship over future quarters, giving the company strong demand visibility despite revenue landing near the bottom of its current-quarter guidance. Supermicro's immediate challenge would be converting high demand into revenue without sacrificing its improved margins.

#billion #revenue

With a market cap of $90.7 billion, Datadog, Inc. (DDOG) is a leading observability and security platform that provides unified visibility across applications, infrastructure, data, AI models, and security to help businesses manage complex technology environments at scale. Powered by AI, it enables organizations to proactively detect and resolve issues, empowering global enterprises and fast-growing AI companies to innovate with confidence.
The New York-based company is slated to announce its fiscal Q2 2026 results before the market opens on Thursday, Aug. 6. Ahead of this event, ***** ysts expect DDOG to report a profit of $0.13 per share, a 116.7% jump from $0.06 per share in the year-ago quarter. It has exceeded Wall Street's earnings expectations in each of the past four quarters.
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#market #security #Share #thursday