Analyst news

• S&P downgrades Alberta, cites fiscal uncertainty, debt

  19-05-2016 21:55 via news.yahoo.com
  By Eric M. Johnson CALGARY, Alberta (Reuters) - S&P lowered its debt rating for Alberta To 'AA' From 'AA+' on Thursday, becoming the latest ratings agency to downgrade the Canadian province as it struggles with the impact of tumbling oil prices. The agency, which kept its negative outlook on Alberta, said the downgrade reflects the province's very weak budgetary performance and high, increasing debt burden. Standard & Poor's had stripped Alberta of its AAA credit rating in December.
  
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• World’s biggest chipmaker TSMC’s sales surge 45% amid buoyant AI demand

  10-08-2026 13:02 via rocketnews.com
  
  Taiwan Semiconductor Manufacturing Co., the world’s largest chip manufacturer, disclosed significant revenue growth for July amid strong demand for artificial intelligence-related semiconductors. The company posted revenue of 467.58 billion new Taiwan dollars ($14.5 billion) for the month, marking a 44.7% increase compared to the same period in the previous year.
  The revenue performance exceeded the company’s annual guidance trajectory, with TSMC projecting 40% revenue growth for th
  
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• Egypt targets higher oil and gas output in 2026/2027 development plan

  10-08-2026 13:02 via rocketnews.com
  
  Egypt announced its 2026/2027 economic and social development strategy centered on expanding hydrocarbon production and strengthening the country’s position in global energy markets. Officials from the Planning and Petroleum ministries outlined objectives that include raising domestic oil and gas output, attracting foreign investment, and decreasing reliance on petroleum imports.
  The government committed $4.5bn toward refinery modernization efforts designed to enhance domestic production
  
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• As the U.S.-Iran war heats up again, these parts of the stock market and economy could be affected

  10-08-2026 13:02 via rocketnews.com
  
  Military operations between the U.S. and Iran intensified over the weekend, with the U.S. completing its 10th consecutive night of strikes against Iran on Monday following a Houthi maritime embargo declaration against Saudi Arabia. The escalation occurred after a third service member death in recent fighting, prompting President Trump to pledge retaliation.
  Stock market performance remained relatively resilient despite the tensions. The S&P 500 declined only marginally on Monday after a los
  
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• Volkswagen plans US line-up overhaul, names new chief – report

  10-08-2026 13:01 via rocketnews.com
  
  Volkswagen is undertaking a comprehensive review of its United States market strategy, according to reporting from German business newspaper Handelsblatt. The German automaker plans to restructure its US model portfolio, with some existing vehicles potentially being discontinued as part of the realignment.
  Marco Schubert, currently serving as Audi’s outgoing sales chief, is set to assume leadership of Volkswagen’s American operations, replacing Kjell Gruner. Thomas Schäfer, who
  
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• Under Armour cuts FY27 sales outlook amid soft demand

  10-08-2026 13:01 via rocketnews.com
  
  Under Armour reported mixed results for the quarter ended 30 June 2026, with overall revenue declining 3% year-on-year to $1.1bn. The athletic apparel maker faced particular weakness in its core markets, with North American sales falling 9% and Asia-Pacific dropping 7%. However, international operations showed more strength, with revenue rising 5% to $490m, driven by gains in EMEA, which increased 12%, and Latin America, up 8%.
  Domestic channels struggled across the board, as wholesale revenue
  
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• Tilray to cease brewing at Terrapin site in US

  10-08-2026 13:01 via rocketnews.com
  
  Tilray Brands announced it will cease beer production at its Terrapin brewing facility located in Athens, Georgia, with the transition taking effect on September 25. The company stated that brewing operations would be relocated to other facilities within its existing brewery network across the United States.
  The Nasdaq-listed cannabis and beverages company characterized the move as part of broader efforts to optimize its US brewing operations and support its long-term business model. A company
  
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• Shein faces existential threat as tariffs hit low-price model, putting new focus on services

  10-08-2026 13:01 via rocketnews.com
  
  Discount retailer Shein disclosed in IPO documents that elimination of trade law exemptions has materially impacted its business performance, particularly in its largest markets. The company attributed a decline in U.S. revenue to tariff-related price increases implemented beginning in May 2025, with U.S. sales falling more than 3% between 2024 and 2025 and dropping 14% in the first quarter compared to the prior year.
  Europe, which contributed 35% of Shein’s 2025 revenue, faces similar he
  
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• PPC to acquire ABO Energy assets in Poland and Hungary

  10-08-2026 13:01 via rocketnews.com
  
  Public Power Corporation, a Greek integrated utility group operating in south-east Europe, has agreed to purchase the Polish and Hungarian subsidiaries of ABO Energy. The transaction encompasses all 38 employees working in these two countries, along with renewable energy assets and development rights.
  The acquired portfolio includes five operational solar parks with combined capacity of 82MW and a 17MW solar facility under construction. Additionally, PPC will obtain a development pipeline conta
  
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• Morning Bid: Fed’s Cook grilled again

  10-08-2026 13:01 via rocketnews.com
  
  Financial markets processed mixed employment data released on Friday, with U.S. payrolls declining by 23,000 during July while the economy added 103,000 fewer jobs in May and June than previously estimated. Job growth averaged 20,000 per month over the past three months. Despite the soft labor market print, interest rate markets did not shift dramatically, with traders pricing in roughly a 50-50 probability of a Federal Reserve rate increase next month. Treasury yields declined only marginally
  
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• Yen Bears Struggle as Speculators Buy Every Dip. Forecast as of 10.08.2026

  10-08-2026 12:59 via litefinance.org
  
  Speculators are quick to buy the dips in the USD/JPY pair at the slightest opportunity. It makes little difference what triggers the decline—whether it's currency intervention or a weaker US dollar following disappointing employment data. Let's take a closer look at the factors driving the pair and develop a trading plan. Major Takeaways Automakers' hedging activity will weigh on the yen. The carry trade continues to favor the USD/JPY. Japanese households remain cautious. Pullbacks pr
  
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• Short-Term Analysis for Oil, Gold, and EURUSD for 10.08.2026

  10-08-2026 09:40 via litefinance.org
  
  Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.Last week, gold broke above the Target Zone of 4,298–4,267.Major Takeaways USCrude: Oil has stalled just below the resistance A of 77.93–77.53. XAUUSD: Gold is poised to break through the Gold Zone of 4,380–4,370. EURUSD: The euro tested t
  
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• Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 10.08.2026

  10-08-2026 09:37 via litefinance.org
  
  Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on Elliott Wave analysis.Major Takeaways BTCUSD: The price is expected to rise in the final part of correction 4. Consider long positions with a Take Profit at 66,931.90. XRPUSD: The asset could rise in corrective wave (4) of the bearish impulse. Consider long positions with a Take Profit at 1.095. ETHUSD: The fifth part of a bullish correction (B) is projected to form. Long positions can be consid
  
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• Dollar Bears Regain Ground as Unemployment Falls and Iran Raises Tensions. Forecast as of 10.08.2026

  10-08-2026 08:26 via litefinance.org
  
  Despite the decline in US employment in July, the EUR/USD rally was short-lived. The drop in the unemployment rate to 4.1% and Iran's excessive demands allowed bears to recoup some of their losses. Let's discuss this topic and develop a trading plan.Major Takeaways The US labor market was a major disappointment. The US administration has resumed pressuring the Fed. The risks of an escalation of the conflict with Iran are growing. Geopolitical factors will provide an opportunity to increase short
  
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• Strawberry Fields REIT Q2 Earnings Call Highlights

  09-08-2026 23:02 via rocketnews.com
  
  Strawberry Fields REIT reported solid operational and financial performance during the second quarter, with the company collecting all contractual rents from its healthcare property portfolio. The REIT’s portfolio consisted of 142 facilities across 10 states containing approximately 15,496 licensed beds and generating roughly $143 million in annualized base rent. Tenant coverage metrics remained healthy, with the portfolio’s EBITDA-to-rent coverage reaching 2.17x as of May 31, and t
  
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• Rheinmetall stock volatile after trimming guidance as Germany’s F126 warship cancellation hits sales outlook

  09-08-2026 23:02 via rocketnews.com
  
  Rheinmetall adjusted its full-year 2026 outlook downward following the cancellation of a German government contract for large warship production earlier this year. The defense contractor now projects sales between 13.7 billion euros and 14.2 billion euros, a reduction of 300 million euros from its previous target.
  Despite the guidance cut, the company demonstrated strong operational performance in the first half of the year, with sales climbing 39% and profits advancing 74%. First-half revenues
  
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• Nintendo’s fiscal first-quarter profit and revenue beat estimates, despite Switch 2 sales slump

  09-08-2026 23:02 via rocketnews.com
  
  Nintendo reported fiscal first-quarter results on Thursday that surpassed analyst expectations for both revenue and profit, with shares rising 2.87% ahead of the announcement. The company maintained its full-year sales forecast of 2.05 trillion yen for the period ending March 2027, which was previously announced in May.
  Switch 2 hardware sales experienced a significant contraction, falling 34.4% from the year-earlier period to 3.82 million units. Original Nintendo Switch sales also declined, dr
  
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• Flutter shares plummet on earnings miss and another key leadership change

  09-08-2026 23:02 via rocketnews.com
  
  Flutter Entertainment reported second-quarter earnings that missed Wall Street expectations, prompting a significant stock decline and leadership transition. The company posted earnings per share of 49 cents against analyst estimates of 60 cents per share, though revenue slightly exceeded projections at $4.33 billion compared to the expected $4.26 billion. In response to the weaker-than-expected results, Flutter cut its full-year adjusted earnings guidance for its U.S. business to $760 million,
  
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• AMD’s revenue climbs 50% and data center sales doubled, but the stock is down

  09-08-2026 23:02 via rocketnews.com
  
  Advanced Micro Devices announced second-quarter results on Tuesday that surpassed analyst expectations, yet the company’s stock fell during after-hours trading despite gains during the regular session. Revenue reached $7.69 billion, representing a 50% increase from the prior year, reflecting AMD’s significant participation in the artificial intelligence chip market.
  The Data Center division served as the primary growth engine, generating $6.7 billion in sales and climbing 107% on an
  
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• Unusual Machines Q2 Earnings Call Highlights

  09-08-2026 23:01 via rocketnews.com
  
  Unusual Machines, Inc. reported second-quarter operating revenue exceeding $16.7 million, representing a 687% increase from the prior-year period and a 107% sequential gain. Enterprise customers generated approximately 95% of quarterly sales, with the retail channel accounting for about 6%. The company recorded a GAAP net loss of roughly $7.8 million, or $0.16 per share, compared with a loss of $0.32 per share in the second quarter of 2025.
  Adjusted EBITDA loss narrowed to approximately $400,00
  
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• OTC Markets Group Q2 Earnings Call Highlights

  09-08-2026 23:01 via rocketnews.com
  
  OTC Markets Group delivered record second-quarter financial results driven primarily by increased trading activity across its platform businesses. The company reported gross revenue and net revenue each grew 14% during the quarter, with gross revenue totaling $34.8 million. Operating income expanded 19% to $10.5 million, while net income increased 17% to $8.6 million. Diluted GAAP earnings per share rose 18% to $0.71, and adjusted EBITDA climbed 14% to $12.7 million.
  Trading activity emerged as
  
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• Situational Awareness hedge fund meltdown was a warning shot for leveraged markets, BofA CEO says

  09-08-2026 13:02 via rocketnews.com
  
  Bank of America Chief Executive Brian Moynihan described the near-failure of prominent artificial intelligence hedge fund Situational Awareness as a warning for financial markets characterized by high valuations and significant use of borrowed capital. Moynihan made the remarks during an interview, noting that elevated leverage and asset prices warrant careful monitoring by financial institutions.
  Situational Awareness, operating under the leadership of Leopold Aschenbrenner, was compelled to s
  
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• JPMorgan’s $1.5 Trillion Initiative to Finance U.S. Shipbuilding and Defense Could Be a Tailwind for Industrial and Defense Stocks

  09-08-2026 13:02 via rocketnews.com
  
  JPMorgan Chase announced a 10-year, $1.5 trillion Security and Resilience Initiative designed to finance and invest in sectors deemed essential to U.S. national security, supply chain independence, and infrastructure development. The initiative encompasses investment across multiple industries, including critical minerals, robotics, energy, and defense. CEO Jamie Dimon stated that the commitment reflects concerns about American reliance on foreign sources for critical materials and manufacturin
  
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• How Disney parks are bucking a travel slowdown

  09-08-2026 13:02 via rocketnews.com
  
  Disney’s experiences division, which encompasses theme parks, cruise lines, resorts and consumer products, achieved record quarterly revenue during fiscal third quarter results announced Wednesday. The segment generated nearly $10 billion in revenue, representing a 10% increase compared to the same quarter one year prior. Operating income for the division surpassed $3 billion, climbing 20% from the prior year period. The company has now recorded record revenue for six consecutive quarters
  
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• Grindr’s AI spend is paying off and its pricey new tier has had some surprises, CEO says

  09-08-2026 13:02 via rocketnews.com
  
  Grindr announced second-quarter results showing strong revenue performance alongside significant progress in its artificial intelligence strategy. The dating platform reported quarterly revenue of $138 million, representing a 33% increase compared to the prior year period. The company also raised its expectations for the full year, now projecting approximately $540 million in revenue and roughly $232 million in adjusted earnings before interest, taxes, depreciation, and amortization.
  CEO George
  
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• fuboTV Q3 Earnings Call Highlights

  09-08-2026 13:02 via rocketnews.com
  
  fuboTV Inc. reported third-quarter fiscal 2026 results reflecting its second full quarter as a combined entity with Hulu + Live TV. The company highlighted subscriber gains driven by major live sports events, early improvements in advertising monetization, and an increased full-year adjusted EBITDA outlook. North American subscribers reached 5.75 million, representing a 2% increase year over year, while rest-of-world subscribers rose 2% to 356,000.
  Management attributed subscriber growth to pro
  
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• E.l.f. Beauty sees $50 million windfall in tariff refunds as profits surge 100%

  09-08-2026 13:02 via rocketnews.com
  
  E.l.f. Beauty reported substantially elevated profits in its fiscal first quarter ended June 30, attributing much of the gain to federal tariff refunds totaling roughly $50 million plus associated interest payments stemming from duties that were struck down by the Supreme Court. The company’s net income reached $66.6 million, or $1.12 per share, compared with $33.3 million, or 58 cents per share, in the prior year period. On an adjusted basis excluding non-recurring tax-related charges an
  
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• Disney weighs free, ad-supported streaming, says it has sold out Super Bowl ad spots

  09-08-2026 13:02 via rocketnews.com
  
  Disney disclosed plans to investigate launching a free, ad-supported streaming product during an earnings call with investors on Wednesday. Chief Executive Officer Josh D’Amaro characterized the initiative as a strategy to penetrate a more price-sensitive customer segment while advancing the company’s objective of expanding market reach. D’Amaro emphasized that Disney possesses greater advertising inventory compared to numerous competitors in the ad-supported streaming space,
  
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• Geo Group Q2 Earnings Call Highlights

  09-08-2026 13:01 via rocketnews.com
  
  Geo Group Inc reported strong second-quarter results driven by contracts awarded during 2025. Revenue reached approximately $732.1 million, representing a 15% increase from $636.2 million in the prior-year quarter. Net income attributable to company operations rose 63% to approximately $47.5 million, or $0.36 per diluted share, compared with $29.1 million, or $0.21 per share a year earlier. Adjusted EBITDA increased 20% to approximately $142 million.
  The company’s immigration and customs
  
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• SpaceX stock falls 13% as AI spending surge rattles investors and massive share unlock looms

  08-08-2026 23:01 via rocketnews.com
  
  SpaceX shares declined sharply following the release of the company’s first earnings report as a publicly traded entity. The space exploration firm disclosed that capital expenditures had surged sixfold to $18.4 billion during the second quarter, exceeding analyst projections. The majority of this spending was allocated toward artificial intelligence infrastructure and development.
  The stock’s decline occurred despite SpaceX reporting improved financial metrics in other areas. The c
  
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