MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions. The company also provides MicroStrategy Support that helps customers achieve their system availability and usage goals through highly responsive troubleshooting and assistance; MicroStrategy Consulting, which provides architecture and implementation services to help customers realize their desired results; and MicroStrategy Education that offers free and paid learning options. In addition, it engages in the development of bitcoin. The company offers its services through direct sales force and channel partners. It serves the U.S. government, state and local governments, and government agencies, as well as a range of industries, including retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications, and the public sector. The company was incorporated in 1989 and is headquartered in Tysons Corner, Virginia.

Strategy Inc’s balance sheet looks solid in terms of liquidity and capital, but the valuation remains sensitive to earnings quality and to very high revenue against the backdrop of weak multiples. On the one hand, a current ratio of 6.05 and cash on hand of about $2.21 billion point to a comfortable liquidity cushion, while debt/equity of 0.22 looks moderate and better than the industry median. Shareholders’ equity of $36.65 billion and net worth of 31.18 also support financial stability, although total liabilities remain significant. On the other hand, the quick ratio is 0.00, which suggests weak immediate liquidity and dependence on the composition of current assets. The efficiency picture is mixed: a gross margin of 68.16% looks strong and above the industry median, but ROE, ROA, ROI, and return on tangible equity in TTM are all zero, which sharply worsens capital quality in the current period. Historically in 2025, these metrics were noticeably better, so the current drop looks like deterioration rather than a stable business norm. Revenue of $124 million and gross profit of $83 million are growing relative to the beginning of 2025, but the momentum does not look strong enough to justify such expensive revenue at a P/S of 58.74. P/S remains the main source of caution: it is many times higher than the industry median and points to high market expectations that fundamentals have not yet fully confirmed. P/B of 0.88, by contrast, looks restrained and may partially offset the richness on revenue, but this signal is weakened by weak current profitability. P/E and P/FCF formally provide no useful signal because of zero values, so they cannot be interpreted as clear undervaluation. EPS and forward EPS are negative, which further limits re-rating potential under traditional earnings-based metrics. Overall, the fundamentals support only a moderately cautious view: the balance sheet and margin are stronger than those of many sector peers, but current earnings quality and valuation on sales do not allow for an aggressive increase in the target. For an investor, this means the stock remains interesting as a story with a strong capital base, but with high dependence on a recovery in profitability and confirmation of sustainable cash flow.

Strategy Inc

Сильный индекс, значительно упал. Быки в растерянности.

Strong index, significantly down. The bulls are confused.

Слабый индекс, без изменений

Средний индекс, без изменений. Рынок не поддерживает быков.

Medium index, flat. The market does not support the bulls.

Средний индекс, незначительно вырос. Отток средств из лонгов на высоком уровне.

Medium index, slightly up. Outflow of funds from longs at a high level.

Strong balance sheet and high gross margin are combined with zero current profitability and a very expensive valuation on revenue, so the forecast should be slightly lowered.

For Immediate Release
Chicago, IL – July 29, 2026 – Zacks Equity Research shares Life Time Group Holdings LTH as the Bull of the Day and Strategy MSTR as the Bear of the Day. In addition, Zacks Equity Research provides analysis on NVIDIA Corp NVDA, Sandisk Corp. SNDK and Western Digital Corp. WDC.
Here is a synopsis of all five stocks.
Life Time Group Holdings, a Zacks Rank #1 (Strong Buy), has quietly become one of the most impressive growth stories in the consumer discretionary space.
While much of the leisure complex has struggled under the weight of cautious discretionary spending, this premium health-and-wellness operator has done the opposite — growing memberships, raising dues, expanding margins, and stringing together a perfect record of earnings beats. The stock’s standing in our rating system reflects a powerful wave of upward earnings estimate revisions, historically one of the most reliable forces driving share prices higher.
Shares have been marching steadily, recently notching a fresh 52-week high. The stock has gained nearly 70% since the start of the year, a remarkable showing set against a Zacks Consumer Discretionary sector that has declined roughly 10% over the same stretch. That kind of relative strength is exactly what we look for.
A Leading Industry Group
Life Time is part of the Zacks Leisure and Recreation Services industry group, which currently ranks in the top 30% out of approximately 246 Zacks Ranked Industries. Because it is ranked in the top half of all Zacks Ranked Industries, we expect this group to outperform over the next 3 to 6 months.
Take note of the favorable characteristics for this group below. The industry’s improving positioning has been driven by a positive earnings outlook for its constituent companies in aggregate. Stocks in this group are also relatively undervalued, signifying a powerful combination that should lead to higher prices in the future.
Historical research studies suggest that approximately half of a stock’s price appreciation is due to its industry grouping. In fact, the top 50% of Zacks Ranked Industries outperforms the bottom 50% by a factor of more than 2 to 1.
It’s no secret that investing in stocks that are part of leading industry groups can give us a leg up relative to the market. By focusing on leading stocks within the top 50% of Zacks Ranked Industries, we can dramatically improve our stock-picking success.
Company Description
Life Time Group Holdings operates a portfolio of premium athletic country clubs and health-and-wellness destinations across the United States and Canada. Unlike the low-cost gym operators it is often lumped in with, Life Time has positioned itself at the luxury end of the market, offering expansive facilities that combine fitness floors, group studios, aquatics, racquet sports, spa and salon services, cafes and coworking space under a single membership.
The model is designed to make the club a daily destination rather than an occasional stop — and that engagement translates directly into pricing power and retention. Life Time benefits from resilient demand for premium fitness and wellness services, higher membership dues, and increased member spending on in-center offerings such as personal training, recovery and nutrition programs.
Layered on top are continued club expansion, growing digital engagement and ongoing operational efficiencies, all of which are supporting both revenue growth and profitability. Importantly, the affluent membership base that Life Time targets has proven far more resilient to macroeconomic pressure than the mass-market consumer — a meaningful advantage in the current environment.
Earnings Trends and Future Estimates
Life Time’s execution has been exceptional. The company has beaten the Zacks Consensus Estimate in each of the last eight quarters. In its most recent report back in May, Life Time delivered earnings of $0.42 per share against a consensus estimate of $0.39, while also topping the consensus revenue mark. That consistency is precisely the trait our system is built to identify.
The forward picture is where the case sharpens. For the quarter ended June 2026 — due to be reported on July 30th — the Zacks Consensus Estimate calls for earnings of $0.45 per share, representing year-over-year growth of 21.6%, on revenues of $844.5 million, up 10.9%.
Critically, that consensus EPS figure has been revised 2.27% higher over just the past week, and a higher Most Accurate Estimate has produced an Earnings ESP of +1.12%. When a positive Earnings ESP is combined with a Zacks Rank #1 (Strong Buy), our research shows the odds of an earnings beat rise substantially. For the full year, Life Time is expected to post earnings of $1.70 per share on $3.33 billion in revenues, with 2026 sales and earnings projected to grow 11.3% and 18.1%, respectively.
Let’s Get Technical
Life Time has been one of the cleaner uptrends in the entire consumer space. This is exactly the kind of stock we want to include in our portfolio — one that is trending well and receiving positive earnings estimate revisions.
Notice how shares reside above upward-sloping 50-day (blue line) and 200-day (red line) moving averages, a hallmark of a healthy bull trend, with the stock recently pushing to fresh 52-week highs on expanding volume. Momentum has built steadily throughout 2026.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. As we know, Life Time has recently witnessed sharp upward revisions. As long as this trend remains intact (and LTH continues to deliver earnings beats), the stock will likely continue its bullish run.
Bottom Line
Life Time transformed the way consumers approach their personal health through omnichannel, healthy way of life communities that address all aspects of healthy living, aging and entertainment.
The company is a rare find, powered by a differentiated premium model and an affluent, sticky membership base. Currently, LTH sports the highly coveted Zacks Rank #1 (Strong Buy), placing it in the top 5% of Zacks-covered stocks on estimate revisions.
With eight consecutive earnings beats, rising estimates, a favorable Earnings ESP heading into the July 30th print, and a technical picture in fine shape, the setup is compelling. If you haven’t already done so, be sure to put Life Time on your watchlist.
Strategy, formerly known as MicroStrategy, has become the market’s most prominent Bitcoin treasury vehicle.
What began as an enterprise analytics software company shifted into something closer to a leveraged Bitcoin holding company, funded by a continuous stream of equity and preferred-stock issuance. The legacy software business remains — generating roughly $500 million in annual revenue — but it is now a rounding error relative to the balance sheet, which holds more than 800,000 Bitcoin.
For several years, that structure worked spectacularly. Rising Bitcoin prices lifted the balance sheet, the stock traded at a premium to net asset value, and management recycled that premium into more coin. But leverage cuts both ways, and 2026 has delivered a brutal reminder of what happens when the underlying asset turns.
With Bitcoin down roughly 46% over the past year, the machinery that once amplified gains is now amplifying losses — and the equity has fallen far harder than the asset it is meant to track. MSTR stock has declined roughly 36% year to date and about 75% over the past twelve months, nearly double Bitcoin’s decline over the same stretch. Shares recently traded near $98, hovering just above a 52-week low near $82 and a world away from the former highs above $500.
More concerning is the structural strain now visible on the balance sheet. The company carries roughly $8.17 billion in long-term debt and faces approximately $230 million in quarterly preferred dividends against only about $2.2 billion in cash. Management has responded by launching a $1.25 billion Bitcoin Monetization Program, selling roughly 3,588 Bitcoin for $216 million to fund dividends and rebuild dollar reserves. Selling the asset to pay the financing costs on the asset is a meaningful shift in posture, and not a bullish one.
The Zacks Rundown
Strategy has been a significant laggard, with shares locked in a punishing downtrend. A Zacks Rank #5 (Strong Sell), MSTR reflects sharply unfavorable earnings estimate revision trends.
The company is part of the Zacks Financial – Miscellaneous Services industry group, which currently ranks in the bottom 31% out of approximately 250 Zacks Ranked Industries. Stocks in the bottom half of Zacks Ranked Industries face a persistent headwind, and while individual names can outperform a weak group, the industry association tends to cap the size and durability of any rally.
Compounding matters, MSTR carries a Value Style Score of F, indicating it trades at a premium to peers on the metrics that matter. Its headline forward P/E of 1.72 looks superficially cheap, but that figure is an artifact of mark-to-market Bitcoin accounting rather than any measure of underlying business value — a trap investors should be careful not to fall into.
Cracks in the Foundation: Collapsing Estimates and Violent Misses
The estimate picture has deteriorated dramatically. The Zacks Consensus Estimate for the current year has declined a staggering 50.75% over the past month, falling to $57.47 per share. Over the past 30 days, estimates for both 2026 and 2027 have been revised downward, signaling a clearly bearish analyst posture.
The earnings themselves have been wildly unpredictable, which is its own risk. In the first quarter of 2026, Strategy reported a loss of $38.25 per share against a consensus estimate calling for a loss of $3.41 — an enormous negative surprise driven by a $14.46 billion unrealized Bitcoin markdown.
Revenues of $124.3 million also came in slightly below the consensus mark. Over the trailing four quarters, the company has surpassed consensus EPS estimates just twice. When a company’s reported earnings swing by tens of dollars per share based on an asset price nobody can forecast, the analyst community simply cannot model it — and that uncertainty is itself a reason for caution.
Technical Outlook
MSTR stock has been carving out a severe and well-defined downtrend. Notice how both the 50-day (blue line) and 200-day (red line) moving averages are sloping sharply lower, with shares trading well below them and pinned near 52-week lows.
The prolonged descent has produced a classic “death cross,” wherein the 50-day moving average crosses below the 200-day moving average — a bearish technical signal that often precedes further weakness.
Recent bounce attempts have come on fading volume and negative money flow, the hallmarks of a fragile rally rather than a genuine trend change. Shares would need to mount a serious, high-volume move to the upside and show improving earnings estimate revisions to warrant taking any long positions.
Final Thoughts
Strategy is, in effect, a leveraged bet on Bitcoin wrapped in a corporate structure that adds debt service, preferred dividends and dilution on top of the underlying volatility. And because the premium to net asset value has compressed, it no longer requires a Bitcoin decline to fall. Its own outflows and fading investor enthusiasm can do the work.
A deteriorating fundamental and technical backdrop show that this stock doesn’t deserve a spot in portfolios right now. Collapsing forward estimates will likely serve as a ceiling to any potential rallies, nurturing the stock’s downtrend, while the shift from accumulating Bitcoin to selling it in order to service the capital structure marks a genuine change in the story.
Investors who want Bitcoin exposure have cleaner, cheaper ways to obtain it. Potential investors may want to give this stock the cold shoulder, or perhaps consider including it as part of a short or hedge strategy.
Additional content:
2 AI Stocks that Beat NVIDIA - And Could Soar Even Higher
With the advent of artificial intelligence (AI), NVIDIA Corp's shares scaled higher on strong demand for its cutting-edge chips and CUDA software ecosystem. However, gains have slowed this year, with shares up only 5.4%. This is because sky-high expectations and a lack of significant earnings surprise have dampened investors’ enthusiasm. Additionally, ongoing geopolitical crises leading to supply-chain disruptions and U.S. export curbs on chip sales to China could weigh on NVIDIA’s future margins.
NVIDIA stock also came under pressure recently as investors remained concerned about the potential financial and execution risk associated with funding OpenAI’s massive AI infrastructure projects. Therefore, it’s prudent for investors to look beyond NVIDIA and consider other stocks within the AI ecosystem that have significantly outperformed the chip behemoth while still offering further upside.
Notable among them are Sandisk Corp. and Western Digital Corp., whose shares have soared 438.5% and 189%, respectively, year to date. Let’s see why they have more room to run and what makes them compelling investment opportunities –
SNDK’s AI Memory Growth and Earnings Momentum Signal Upside
Sandisk has now established itself as the most sought-after AI memory investment, driven by strong demand for its AI-focused products. Additionally, a favorable demand-supply environment has strengthened the company’s pricing power and bolstered its growth outlook.
Sandisk expects fiscal fourth-quarter 2026 revenues to be in the range of $7.75 billion to $8.25 billion, according to investor.sandisk.com. Revenues for the fiscal third quarter of 2026 were $5.95 billion, up 97% sequentially and well above its own guidance. This momentum indicates that Sandisk is expanding its presence among high-value data center customers.
The company’s profitability is improving, with Sandisk projecting non-GAAP earnings per share (EPS) of $30 to $33 for the fiscal fourth quarter, up from $23.41 in the fiscal third quarter. The guidance indicates sequential earnings growth, driven by favorable pricing dynamics.
In addition, Sandisk’s multi-year strategic partnerships under its New Business Model agreements have strengthened customer retention, enhanced revenue visibility, and improved the predictability of long-term cash flows, supporting further upside in its share price.
Consequently, the company’s expected earnings growth rate for the current year is an exceptional 2,111%. Technical chart patterns also favor Sandisk. For instance, the company’s shares are currently trading above the long-term 200-day moving average (DMA), signaling an uptrend.
Western Digital’s AI Demand and Margin Growth Signal Upside
Western Digital expects revenues of about $3.65 billion, plus or minus $100 million, in the fiscal fourth quarter of 2026, up from $3.34 billion reported in the fiscal third quarter of 2026, which was up 45% year over year, according to the company’s press release. The revenue momentum indicates robust AI infrastructure demand as cloud providers and businesses continue expanding storage capacity for rising AI workloads.
Strong demand for Western Digital’s enterprise hard disk drives (eHDDs) and favorable pricing trends are benefiting the company. Western Digital expects non-GAAP gross margin of 51-52% for the fiscal fourth quarter, up from 50.5% in the previous quarter. The high margins would provide the company funds for research and development and support long-term growth initiatives.
As a result, strong AI-driven demand and improving financial performance are expected to act as a catalyst for Western Digital’s share price. Consequently, the company’s expected earnings growth rate for the current year is a solid 104%. Further, the WDC stock is currently trading above the long-term 200-DMA, signaling a bullish trend.
Both Western Digital and Sandisk currently have a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.
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Life Time Group and Strategy have been highlighted as Zacks Bull and Bear of the Day

The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +0.21%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +1.03%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.98%. September E-mini S&P futures (ESU26) rose +0.24%, and September E-mini Nasdaq futures (NQU26) fell -0.88%.
Stock indexes settled mixed on Tuesday, with the Dow Jones Industrials climbing to a 1.5-week high and the Nasdaq 100 falling to a 2.75-month low. Better-than-expected earnings from Boeing, Coca-Cola and Sherwin-Williams were supportive of stocks on Tuesday. Also, software stocks rose as investors rotated into sectors that had recently underperformed.
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However, the Nasdaq 100 was under pressure amid a deepening rout in chipmakers and AI-infrastructure stocks, driven by fresh concerns over artificial intelligence spending and rising competition from China. Also, the unexpected decline in US July consumer confidence weighed on market sentiment on Tuesday.
Lower crude oil prices have also eased inflation concerns and pushed bond yields lower, supporting stocks. Sep WTI crude oil prices (CLU26) fell by more than -4% on Tuesday to a 1-week low, as the US and Iran extended their pause in hostilities. The focus is now on talks between Iran and Oman over reopening the Strait of Hormuz. The 10-year T-note yield fell -5 bp to 4.60%.
However, tensions remain high in the Middle East as the US maintains its blockade of Iranian oil shipments in the Persian Gulf. Also, President Trump on Tuesday said that the US would “take out” Pickaxe Mountain, an Iranian facility that the US and Israel said they suspect is a nuclear site, if there wasn’t a deal. In addition, Houthi militants said they would continue striking Saudi Arabia after claiming to have struck facilities linked to Saudi Aramco in the Red Sea port towns of Jizan and Yanbu on Saturday. Yanbu, the western end of the East-West pipeline, has become Saudi Arabia’s key crude export outlet since the Strait of Hormuz has been effectively shut off by the war.
The US May S&P composite-20 home price index rose +1.6% y/y, stronger than expectations of +1.3% y/y and the largest increase in 10 months.
The Conference Board US Jul consumer confidence index unexpectedly fell by -1.4 to 90.8, weaker than expectations of an increase to 92.4.
The US Jul Richmond Fed manufacturing survey rose +1 to 5, weaker than expectations of 6.
The outlook for strong Q2 earnings, which continue this week, is a bullish factor for stocks. The markets are awaiting results from a raft of megacap technology companies this week, including Microsoft and Meta Platforms on Wednesday, and Amazon.com and Apple on Thursday. Forecasts compiled by Bloomberg Intelligence suggest Q2 earnings may increase by +23%, close to Q1’s blowout earnings of +30%, which was more than double the +12% analysts had expected. AI spending is expected to account for most of earnings, with AI infrastructure stocks set to contribute nearly 60% of the S&P 500's earnings-per-share growth in Q2. So far, earnings results have been positive, with 86% of the 170 S&P 500 companies that have reported Q2 earnings beating estimates, according to Bloomberg data.
The markets are discounting a 30% chance of a +25 bp rate hike at the Tue/Wed FOMC meeting.
Overseas stock markets settled mixed on Tuesday. The Euro Stoxx 50 closed up +0.12%. China's Shanghai Composite closed down -1.16%. Japan's Nikkei-225 Stock Average fell to a 2-month low and closed down sharply by -3.95%.
Interest Rates
September 10-year T-notes (ZNU6) on Tuesday closed up +7.5 ticks. The 10-year T-note yield fell -4.9 bp to 4.600%. T-notes pushed higher on Tuesday as a -4% plunge in crude oil prices eased inflation expectations. The 10-year breakeven inflation rate fell to a 1-month low of 2.192% on Tuesday. T-notes also rose after US July consumer confidence unexpectedly declined. Solid demand for the Treasury’s $44 billion auction of 7-year T-notes was bullish for T-note prices, as the auction had a bid-to-cover ratio of 2.49, better than the 10-auction average of 2.47.
European government bond yields moved lower on Tuesday. The 10-year German bund yield fell to a 2-week low of 3.103% and finished down -2.9 bp to 3.104%. The 10-year UK gilt yield slid to a 1-week low of 4.944% and finished down -5.2 bp to 4.944%.
The France Jul consumer confidence survey rose +2 to a 4-month high of 86, stronger than expectations of 85.
The markets are discounting an 86% chance of a +25 bp ECB rate hike at its next policy meeting on September 10.
US Stock Movers
Software stocks rallied on Tuesday, a supportive factor for the overall market. Workday (WDAY) closed up more than +8% to lead gainers in the Nasdaq 100, and Thomson Reuters (TRI) and Autodesk (ADSK) closed up more than +5%. Also, Adobe (ADBE), ServiceNow (NOW), Salesforce (CRM), and Atlassian (TEAM) closed up more than +4%, and Intuit (INTU) closed up more than +3%. In addition, Microsoft (MSFT) and Cadence Design Systems (CDNS) closed up more than +1%.
Chipmakers and AI-infrastructure stocks retreated on Tuesday, weighing on the Nasdaq 100. The iShares Semiconductor ETF (SOXX) dropped to a 2.5-month low and closed down more than -4%. Sandisk (SNDK) closed down more than -14% to lead losers in the S&P 500 and Nasdaq 100, and Advanced Micro Devices (AMD), ARM Holdings Plc (ARM), Micron Technology (MU) and Seagate Technology Holdings Plc (STX) closed down more than -8%. Also, Applied Materials (AMAT), Marvell Technology (MRVL), and Lam Research (LRCX) closed down more than -7%, and KLA Corp (KLAC) and Western Digital (WDC) closed down more than -6%. In addition, Intel (INTC) closed down more than -5%, and Qualcomm (QCOM) closed down more than -4%.
Cryptocurrency-exposed stocks moved lower on Tuesday after Bitcoin (^BTCUSD) fell more than -1% to a 1-week low. Galaxy Digital Holdings (GLXY) closed down more than -9%, and MARA Holdings (MARA) closed down more than -4%. Also, Strategy (MSTR), Riot Platforms (RIOT), and Circle Internet Group (CRCL) closed down more than -2%, and Coinbase Global (COIN) closed down -0.39%.
IQVIA Holdings (IQV) closed up more than +13% to lead gainers in the S&P 500 after boosting its full-year revenue forecast to $17.28 billion to $17.48 billion from a previous forecast of $17.15 billion to $17.35 billion, stronger than the consensus of $17.28 billion.
Sherwin-Williams (SHW) closed up more than +8% to lead gainers in the Dow Jones Industrials after reporting adjusted EPS of $3.70, better than the consensus of $3.51, and raising its full-year adjusted EPS forecast to $11.80 to $12.20 from a previous forecast of $11.50 to $11.90, above the consensus of $11.76.
Nucor (NUE) closed up more than +7% after reporting Q2 net sales of $10.40 billion, above the consensus of $10.03 billion.
Coca-Cola (KO) closed up +5% after raising its full-year comparable EPS forecast to +9% to +10% from a previous view of +8% to +9%.
Boeing (BA) closed up more than +4% after reporting Q2 revenue of $24.56 billion, stronger than the consensus of $24.26 billion.
Amkor Technology (AMKR) closed down more than -24% after forecasting Q3 net sales of $1.95 billion to $2.05 billion, weaker than the consensus of $2.11 billion.
Corning (GLW) closed down more than -12% after forecasting Q3 core sales of $4.9 billion to $5.0 billion, the midpoint below the consensus of $5.0 billion.
Noble Corp. (NE) closed down more than -9% after cutting its full-year adjusted Ebitda estimate to $850 million to $925 million from a previous forecast of $940 million to $1.02 billion, below the consensus of $970.3 million.
Carrier Global (CARR) closed down more than -8% after reporting Q2 gross margin of 27.2%, below the consensus of 28.1%.
RXO Inc (RXO) closed down more than -6% after TD Cowen downgraded the stock to sell from hold with a price target of $19.
Earnings Reports (7/29/2026)
Align Technology Inc (ALGN), American Water Works Co Inc (AWK), Amphenol Corp (APH), Aon PLC (AON), Automatic Data Processing Inc (ADP), Biogen Inc (BIIB), Boston Scientific Corp (BSX), Bunge Global SA (BG), Carvana Co (CVNA), CBRE Group Inc (CBRE), CH Robinson Worldwide Inc (CHRW), Chipotle Mexican Grill Inc (CMG), Cognizant Technology Solutions (CTSH), Electronic Arts Inc (EA), Entergy Corp (ETR), Equinix Inc (EQIX), Essex Property Trust Inc (ESS), Everest Group Ltd (EG), Fair Isaac Corp (FICO), Flex Ltd (FLEX), Fortinet Inc (FTNT), Fortive Corp (FTV), Garmin Ltd (GRMN), GE HealthCare Technologies Inc (GEHC), Generac Holdings Inc (GNRC), General Dynamics Corp (GD), Humana Inc (HUM), IDEX Corp (IEX), Invitation Homes Inc (INVH), Johnson Controls International (JCI), L3Harris Technologies Inc (LHX), Lam Research Corp (LRCX), Lennox International Inc (LII), Masco Corp (MAS), Meta Platforms Inc (META), MGM Resorts International (MGM), Microsoft Corp (MSFT), Mid-America Apartment Communities (MAA), Old Dominion Freight Line Inc (ODFL), O'Reilly Automotive Inc (ORLY), Procter & Gamble Co/The (PG), PTC Inc (PTC), Public Storage (PSA), QUALCOMM Inc (QCOM), Regency Centers Corp (REG), Robinhood Markets Inc (HOOD), Smurfit Westrock PLC (SW), Stanley Black & Decker Inc (SWK), Starbucks Corp (SBUX), Tyler Technologies Inc (TYL), Ventas Inc (VTR), Verisk Analytics Inc (VRSK), Vertiv Holdings Co (VRT), VICI Properties Inc (VICI), Vulcan Materials Co (VMC), Waste Management Inc (WM), WEC Energy Group Inc (WEC).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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Stocks Settle Mostly Higher on Positive Earnings Results

The S&P 500 Index ($SPX) (SPY) today is up +0.05%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.738%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.12%. September E-mini S&P futures (ESU26) are up +0.05%, and September E-mini Nasdaq futures (NQU26) are down -1.20%.
Stock indexes are mixed today, with the Dow Jones Industrials climbing to a 1.5-week high and the Nasdaq 100 falling to a 2.75-month low. Better-than-expected earnings from Coca-Cola and Sherwin-Williams are supportive of stocks today. However, the Nasdaq 100 is under pressure today amid a deepening rout in chipmakers and AI-infrastructure stocks, driven by fresh concerns over artificial intelligence spending and rising competition from China. Also, the unexpected decline in US July consumer confidence is weighing on market sentiment today. Losses in stock indexes are limited as investors rotate into sectors that tend to generate relatively stable revenue regardless of the economic cycle.
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Lower crude oil prices have also eased inflation concerns and are pushing bond yields lower, supporting stocks. Sep WTI crude oil prices (CLU26) are down by more than -1% today to a 1-week low, as the US and Iran extended their pause in hostilities. The focus is now on talks between Iran and Oman over reopening the Strait of Hormuz. The 10-year T-note yield is down -4 bp to 4.61%.
However, tensions remain high in the Middle East as the US maintains its blockade of Iranian oil shipments in the Persian Gulf and President Trump raised the possibility of intensified action against Iran. Also, Houthi militants in Yemen claimed to have struck facilities linked to Saudi Aramco in the Red Sea port towns of Jizan and Yanbu on Saturday. Yanbu, the western end of the East-West pipeline, has become Saudi’s key crude export outlet since the Strait of Hormuz has effectively been shut off by the war. Jizan is home to a refinery and export terminal along the Red Sea.
The US May S&P composite-20 home price index rose +1.6% y/y, stronger than expectations of +1.3% y/y and the largest increase in 10 months.
The Conference Board US Jul consumer confidence index unexpectedly fell by -1.4 to 90.8, weaker than expectations of an increase to 92.4.
The US Jul Richmond Fed manufacturing survey rose +1 to 5, weaker than expectations of 6.
The outlook for strong Q2 earnings, which continue this week, is a bullish factor for stocks. The markets are waiting for results from a raft of megacap technology companies this week, including Amazon.com, Meta Platforms, and Microsoft. Forecasts compiled by Bloomberg Intelligence suggest Q2 earnings may increase by +23%, close to Q1’s blowout earnings of +30%, which was more than double the +12% analysts had expected. AI spending is expected to account for most of earnings, with AI infrastructure stocks set to contribute nearly 60% of the S&P 500's earnings-per-share growth in Q2. So far, earnings results have been positive, with 86% of the 145 S&P 500 companies that have reported Q2 earnings beating estimates, according to Bloomberg data.
The markets are discounting a 30% chance of a +25 bp rate hike at the Tue/Wed FOMC meeting.
Overseas stock markets are lower today. The Euro Stoxx 50 is down -0.06%. China's Shanghai Composite closed down -1.16%. Japan's Nikkei-225 Stock Average fell to a 2-month low and closed down sharply by -3.95%.
Interest Rates
September 10-year T-notes (ZNU6) today are up +6 ticks. The 10-year T-note yield is down -3.4 bp to 4.614%. T-notes are climbing today as a -1% fall in crude oil prices eases inflation expectations. The 10-year breakeven inflation rate fell to a 1-month low of 2.192% today. Also, short covering ahead of the 2-day FOMC meeting that begins today is supporting T-note prices. T-notes raced to their highs today after US July consumer confidence unexpectedly declined. Supply pressures are limiting gains in T-notes as the Treasury will auction $44 billion of 7-year T-notes later today.
European government bond yields are moving lower today. The 10-year German bund yield fell to a 2-week low of 3.106% and is down -0.7 bp to 3.126%. The 10-year UK gilt yield slid to a 1-week low of 4.945% and is down -2.9 bp to 4.968%.
The France Jul consumer confidence survey rose +2 to a 4-month high of 86, stronger than expectations of 85.
The markets are discounting an 88% chance of a +25 bp ECB rate hike at its next policy meeting on September 10.
US Stock Movers
Chipmakers and AI-infrastructure stocks are falling today, weighing on the broader market. The iShares Semiconductor ETF (SOXX) dropped to a 2.5-month low and is down more than -5%. Sandisk (SNDK) is down more than -14% to lead losers in the Nasdaq 100, and Western Digital (WDC) is down more than -13%. Also, Seagate Technology Holdings Plc (STX) is down more than -11%, and Micron Technology (MU) and Lam Research (LRCX) are down more than -9%. In addition, Advanced Micro Devices (AMD), ARM Holdings Plc (ARM), Applied Materials (AMAT), and Marvell Technology (MRVL) are down more than -8%, and Intel (INTC) and KLA Corp (KLAC) are down more than -6%.
Cryptocurrency-exposed stocks are moving lower today, with Bitcoin (^BTCUSD) down more than -2% at a 1-week low. Galaxy Digital Holdings (GLXY) is down more than -8%, and MARA Holdings (MARA) is down more than -5%. Also, Riot Platforms (RIOT) is down more than -4%, and Circle Internet Group (CRCL) is down more than -3%. In addition, Coinbase Global (COIN) and Strategy (MSTR) are down more than -1%.
Software stocks are mostly higher today, a supportive factor for the overall market. Workday (WDAY) is up more than +7% to lead gainers in the Nasdaq 100, and Thomson Reuters (TRI) is up more than +6%. Also, Autodesk (ADSK) is up more than +5%, and Adobe (ADBE), Intuit (INTU), ServiceNow (NOW), and Salesforce (CRM) are up more than +4%. In addition, Atlassian (TEAM) is up more than +2%, and Microsoft (MSFT) and Cadence Design Systems (CDNS) are up more than +1%.
Amkor Technology (AMKR) is down more than -22% after forecasting Q3 net sales of $1.95 billion to $2.05 billion, weaker than the consensus of $2.11 billion.
Corning (GLW) is down more than -18% to lead losers in the S&P 500 after forecasting Q3 core sales of $4.9 billion to $5.0 billion, the midpoint below the consensus of $5.0 billion.
Noble Corp. (NE) is down more than -7% after cutting its full-year adjusted Ebitda estimate to $850 million to $925 million from a previous forecast of $940 million to $1.02 billion, below the consensus of $970.3 million.
RXO Inc (RXO) is down more than -6% after TD Cowen downgraded the stock to sell from hold with a price target of $19.
IQVIA Holdings (IQV) is up more than +12% to lead gainers in the S&P 500 after boosting its full-year revenue forecast to $17.28 billion to $17.48 billion from a previous forecast of $17.15 billion to $17.35 billion, stronger than the consensus of $17.28 billion.
Sherwin-Williams (SHW) is up more than +7% to lead gainers in the Dow Jones Industrials after reporting adjusted EPS of $3.70, better than the consensus of $3.51, and raising its full-year adjusted EPS forecast to $11.80 to $12.20 from a previous forecast of $11.50 to $11.90, above the consensus of $11.76.
Coca-Cola (KO) is up more than +6% after raising its full-year comparable EPS forecast to up +9% to +10% from a previous view of +8% to +9%.
Nucor (NUE) is up more than +4% after reporting Q2 net sales of $10.40 billion, above the consensus of $10.03 billion.
Intuitive Surgical (ISRG) is up more than +2% after UBS upgraded the stock to buy from hold with a price target of $500.
Earnings Reports (7/28/2026)
American Tower Corp (AMT), Arch Capital Group Ltd (ACGL), Armstrong World Industries Inc (AWI), Avis Budget Group Inc (CAR), Axalta Coating Systems Ltd (AXTA), Axis Capital Holdings Ltd (AXS), Bloom Energy Corp (BE), Boeing Co/The (BA), BXP Inc (BXP), Caesars Entertainment Inc (CZR), Carrier Global Corp (CARR), Centene Corp (CNC), CenterPoint Energy Inc (CNP), Chemed Corp (CHE), CMS Energy Corp (CMS), Coca-Cola Co/The (KO), Corning Inc (GLW), CoStar Group Inc (CSGP), Crane Co (CR), DTE Energy Co (DTE), Ecolab Inc (ECL), Enphase Energy Inc (ENPH), ExlService Holdings Inc (EXLS), Expand Energy Corp (EXE), Extra Space Storage Inc (EXR), FirstEnergy Corp (FE), Ford Motor Co (F), HF Sinclair Corp (DINO), Hilton Worldwide Holdings Inc (HLT), Hubbell Inc (HUBB), Illinois Tool Works Inc (ITW), Incyte Corp (INCY), Invesco Ltd (IVZ), IQVIA Holdings Inc (IQV), KLA Corp (KLAC), Landstar System Inc (LSTR), Liberty Live Holdings Inc (LLYVA), Manhattan Associates Inc (MANH), Mondelez International Inc (MDLZ), NOV Inc (NOV), NXP Semiconductors NV (NXPI), Omnicom Group Inc (OMC), Oshkosh Corp (OSK), PACCAR Inc (PCAR), PayPal Holdings Inc (PYPL), Pentair PLC (PNR), PPG Industries Inc (PPG), Qorvo Inc (QRVO), Repligen Corp (RGEN), Rithm Capital Corp (RITM), Royal Caribbean Cruises Ltd (RCL), S&P Global Inc (SPGI), Seagate Technology Holdings PL (STX), Sherwin-Williams Co/The (SHW), Skyworks Solutions Inc (SWKS), STAG Industrial Inc (STAG), Teradyne Inc (TER), Textron Inc (TXT), TransUnion (TRU), United Parcel Service Inc (UPS), Unum Group (UNM), Veralto Corp (VLTO), Visa Inc (V), WP Carey Inc (WPC), Xylem Inc/NY (XYL).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Mixed on Earnings Results and Weakness in Chipmakers

Key Points
The stocks listed here have declined between 36% and 53% this year.
Intuit and AppLovin have been crashing due to fears that artificial intelligence (AI) will disrupt their businesses.
Strategy has been on an epic crash over the past 12 months as falling crypto prices have weighed on investor sentiment.
If you're looking for top growth stocks to buy, the Nasdaq is home to plenty of them. And within the Nasdaq-100 index, you'll find a list of the 100 most valuable, non-financial stocks on the exchange. When stocks on that list go on sale, it can create some attractive buying opportunities in the process.
The three worst-performing stocks on the index as of Monday's close were Intuit (NASDAQ: INTU), AppLovin (NASDAQ: APP), and Strategy (NASDAQ: MSTR). Here's a look at whether these stocks are good buys right now, or if they could be heading even lower.
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Intuit
Down around 53% this year, software company Intuit has been the worst buy on the Nasdaq-100 thus far in 2026. And its decline has been going on even longer than that, with its losses over the past 12 months totaling 61%. The market has been bearish on software stocks in general, due to the risk artificial intelligence (AI) poses for many of them. Intuit is known for its financial software, including QuickBooks, Credit Karma, and TurboTax.
As someone who has done accounting work for more than a decade, I firmly believe the market is making a huge mistake with Intuit. QuickBooks was one of the first software titles I used as an accountant, and that's not something AI is going to easily replace. The one thing companies need in accounting and finance is trust. Trust in the numbers and the financial statements. Think of how disastrous it can be for a company to announce that it has to restate financials because it made a mistake. AI replacing financial software may sound good in theory, but in practice, it'll likely be a much different story.
Intuit's customers don't appear to be willing to take a chance with AI, as the company's sales rose by a solid 10% last quarter (which ended on April 30) and it even announced it would be raising its full-year guidance for the current fiscal year. At a forward price-to-earnings (P/E) multiple of just 11 times (based on analyst projections), the stock is a steal of a deal.
AppLovin
AppLovin's stock is down big, but not as massively as Intuit's. Its shares are down 38% this year. A big part of the reason it's not doing as badly is that its growth rate has remained impressive; AppLovin reported 59% revenue growth during the first three months of the year, with sales rising to $1.8 billion. Net income of $1.2 billion also doubled.
The company's business helps brands and businesses monetize their apps. While it's been doing exceptionally well of late, it's still not all that big, and the challenge may be in continuing to grow at a fast rate; many AI-powered tools could make it easier for other tech companies to compete in the space.
Currently, AppLovin's stock trades at a forward P/E of 26, which isn't all that cheap for a company that may be facing some headwinds in the future. However, this was a much more egregiously valued stock in the past. While AppLovin isn't doing poorly, I'd still hold off on buying the stock as its valuation doesn't offer much margin of safety.
Strategy
Doing only slightly better than AppLovin this year is Strategy, whose stock has declined by 36%. Its decline would likely have been even more significant if not for its crash last year, as shares of Strategy are down a whopping 76% in 12 months.
The company, whose business centers on buying Bitcoin, hasn't been nearly as popular with retail investors as it was in the past. Not only has the leading cryptocurrency been declining, but Strategy has also abandoned its stance of never selling Bitcoin, doing so multiple times in the past month.
Strategy is a stock that can easily fall for lower in value, given that this a company that doesn't offer much outside of a way to bet on Bitcoin. Its earnings are volatile and hinge largely on how the cryptocurrency does, thus, even if its valuation looks cheap, that can change quickly. This stock just isn't worth the risk.
Should you buy stock in Intuit right now?
Before you buy stock in Intuit, consider this:
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*Stock Advisor returns as of July 28, 2026.
David Jagielski, CPA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin and Intuit. The Motley Fool recommends Nasdaq. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

These Are the 3 Worst-Performing Stocks on the Nasdaq-100 in 2026. Could They Be Underrated Buys Right Now?

The S&P 500 Index ($SPX) (SPY) today is down -0.22%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.68%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.50%. September E-mini S&P futures (ESU26) are down -0.29%, and September E-mini Nasdaq futures (NQU26) are down -1.56%.
Stock indexes are mixed today, with the Dow Jones Industrials posting a 1.5-week high and the Nasdaq 100 falling to a 2.75-month low. Better-than-expected earnings from Coca-Cola and Sherwin-Williams are supportive of stocks today. However, the Nasdaq 100 is under pressure today amid a deepening rout in chipmakers and AI-infrastructure stocks, driven by fresh concerns over artificial intelligence spending and rising competition from China. Also, losses in stock indexes are limited as investors rotate into other sectors of the market that tend to generate relatively stable revenues regardless of the economic cycle.
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Lower crude oil prices have also eased inflation concerns and are pushing bond yields lower, supporting stocks. Sep WTI crude oil prices (CLU26) are down by more than 1% today to a 1-week low, as the US and Iran extended their pause in hostilities. The focus is now on talks between Iran and Oman over reopening the Strait of Hormuz. The 10-year T-note yield is down -2 bp to 4.63%
However, tensions remain high in the Middle East as the US maintains its blockade of Iranian oil shipments in the Persian Gulf and President Trump raised the possibility of intensified action against Iran. Also, Houthi militants in Yemen claimed to have struck facilities linked to Saudi Aramco in the Red Sea port towns of Jizan and Yanbu on Saturday. Yanbu, the western end of the East-West pipeline, has become Saudi’s key crude export outlet since the Strait of Hormuz has effectively been shut off by the war. Jizan is home to a refinery and export terminal along the Red Sea.
The US May S&P composite-20 home price index rose +1.6% y/y, stronger than expectations of +1.3% y/y and the largest increase in 10 months.
The outlook for strong Q2 earnings, which continue this week, is a bullish factor for stocks. The markets are waiting for results from a raft of megacap technology companies this week, including Amazon.com, Meta Platforms, and Microsoft. Forecasts compiled by Bloomberg Intelligence suggest Q2 earnings may increase by +23%, close to Q1’s blowout earnings of +30%, which was more than double the +12% analysts had expected. AI spending is expected to account for most of earnings, with AI infrastructure stocks set to contribute nearly 60% of the S&P 500's earnings-per-share growth in Q2. So far, earnings results have been positive, with 86% of the 135 S&P 500 companies that have reported Q2 earnings beating estimates, according to Bloomberg data.
The markets are discounting a 32% chance of a +25 bp rate hike at the next FOMC meeting on Tue/Wed.
Overseas stock markets are lower today. The Euro Stoxx 50 is down -0.37%. China's Shanghai Composite closed down -1.16%. Japan's Nikkei-225 Stock Average fell to a 2-month low and closed down sharply by -3.95%.
Interest Rates
September 10-year T-notes (ZNU6) today are up +4 ticks. The 10-year T-note yield is down -2.2 bp to 4.626%. T-notes are climbing today as a -1% fall in crude oil prices eases inflation expectations. The 10-year breakeven inflation rate fell to a 1-month low of 2.192% today. Also, short covering ahead of the 2-day FOMC meeting that begins today is supporting T-note prices. Supply pressures are limiting gains in T-notes as the Treasury will auction $44 billion of 7-year T-notes later today.
European government bond yields are moving lower today. The 10-year German bund yield fell to a 2-week low of 3.106% and is down -0.4 bp to 3.129%. The 10-year UK gilt yield slid to a 1-week low of 4.945% and is down -2.7 bp to 4.970%.
The France Jul consumer confidence survey rose +2 to a 4-month high of 86, stronger than expectations of 85.
The markets are discounting an 88% chance of a +25 bp ECB rate hike at its next policy meeting on September 10.
US Stock Movers
Chipmakers and AI-infrastructure stocks are falling today, weighing on the broader market. The iShares Semiconductor ETF (SOXX) dropped to a 2.25-month low and is down more than -5%. Western Digital (WDC) is down more than -13% to lead losers in the Nasdaq 100, and Seagate Technology Holdings Plc (STX) is down more than -12%. Also, Micron Technology (MU) and Marvell Technology (MRVL) are down more than -9%, and Advanced Micro Devices (AMD), ARM Holdings Plc (ARM), and Lam Research (LRCX) are down more than -8%. In addition, Applied Materials (AMAT) and Intel (INTC) are down more than -7%, and KLA Corp (KLAC) is down more than -6%.
Cryptocurrency-exposed stocks are moving lower today, with Bitcoin (^BTCUSD) down more than -3% at a 1-week low. Galaxy Digital Holdings (GLXY) is down more than -9%, and MARA Holdings (MARA) and Riot Platforms (RIOT) are down more than -7%. Also, Circle Internet Group (CRCL) is down more than -6%, and Coinbase Global (COIN) and Strategy (MSTR) are down more than -4%.
Software stocks are mostly higher today, a supportive factor for the overall market. Autodesk (ADSK), Thomson Reuters (TRI), and Workday (WDAY) are up more than +4%, and Adobe (ADBE), Intuit (INTU), and Salesforce (CRM) closed up more than +3%. Also, Microsoft (MSFT), ServiceNow (NOW), Atlassian (TEAM), and Cadence Design Systems (CDNS) are up more than +1%.
Amkor Technology (AMKR) is down more than -21% after forecasting Q3 net sales of $1.95 billion to $2.05 billion, weaker than the consensus of $2.11 billion.
Corning (GLW) is down more than -18% to lead losers in the S&P 500 after forecasting Q3 core sales of $4.9 billion to $5.0 billion, the midpoint below the consensus of $5.0 billion.
Noble Corp. (NE) is down more than -5% after cutting its full-year adjusted Ebitda estimate to $850 million to $925 million from a previous forecast of $940 million to $1.02 billion, below the consensus of $970.3 million.
RXO Inc (RXO) is down more than -5% after TD Cowen downgraded the stock to sell from hold with a price target of $19.
IQVIA Holdings (IQV) is up more than +14% to lead gainers in the S&P 500 after boosting its full-year revenue forecast to $17.28 billion to $17.48 billion from a previous forecast of $17.15 billion to $17.35 billion, stronger than the consensus of $17.28 billion.
Sherwin-Williams (SHW) is up more than +6% to lead gainers in the Dow Jones Industrials after reporting adjusted EPS of $3.70, better than the consensus of $3.51, and raising its full-year adjusted EPS forecast to $11.80 to $12.20 from a previous forecast of $11.50 to $11.90, above the consensus of $11.76.
Coca-Cola (KO) is up more than +6% after raising its full-year comparable EPS forecast to up +9% to +10% from a previous view of +8% to +9%.
Nucor (NUE) is up more than +5% after reporting Q2 net sales of $10.40 billion, above the consensus of $10.03 billion.
Intuitive Surgical (ISRG) is up more than +4% after UBS upgraded the stock to buy from hold with a price target of $500.
Earnings Reports (7/28/2026)
American Tower Corp (AMT), Arch Capital Group Ltd (ACGL), Armstrong World Industries Inc (AWI), Avis Budget Group Inc (CAR), Axalta Coating Systems Ltd (AXTA), Axis Capital Holdings Ltd (AXS), Bloom Energy Corp (BE), Boeing Co/The (BA), BXP Inc (BXP), Caesars Entertainment Inc (CZR), Carrier Global Corp (CARR), Centene Corp (CNC), CenterPoint Energy Inc (CNP), Chemed Corp (CHE), CMS Energy Corp (CMS), Coca-Cola Co/The (KO), Corning Inc (GLW), CoStar Group Inc (CSGP), Crane Co (CR), DTE Energy Co (DTE), Ecolab Inc (ECL), Enphase Energy Inc (ENPH), ExlService Holdings Inc (EXLS), Expand Energy Corp (EXE), Extra Space Storage Inc (EXR), FirstEnergy Corp (FE), Ford Motor Co (F), HF Sinclair Corp (DINO), Hilton Worldwide Holdings Inc (HLT), Hubbell Inc (HUBB), Illinois Tool Works Inc (ITW), Incyte Corp (INCY), Invesco Ltd (IVZ), IQVIA Holdings Inc (IQV), KLA Corp (KLAC), Landstar System Inc (LSTR), Liberty Live Holdings Inc (LLYVA), Manhattan Associates Inc (MANH), Mondelez International Inc (MDLZ), NOV Inc (NOV), NXP Semiconductors NV (NXPI), Omnicom Group Inc (OMC), Oshkosh Corp (OSK), PACCAR Inc (PCAR), PayPal Holdings Inc (PYPL), Pentair PLC (PNR), PPG Industries Inc (PPG), Qorvo Inc (QRVO), Repligen Corp (RGEN), Rithm Capital Corp (RITM), Royal Caribbean Cruises Ltd (RCL), S&P Global Inc (SPGI), Seagate Technology Holdings PL (STX), Sherwin-Williams Co/The (SHW), Skyworks Solutions Inc (SWKS), STAG Industrial Inc (STAG), Teradyne Inc (TER), Textron Inc (TXT), TransUnion (TRU), United Parcel Service Inc (UPS), Unum Group (UNM), Veralto Corp (VLTO), Visa Inc (V), WP Carey Inc (WPC), Xylem Inc/NY (XYL).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Mixed as Weakness in Chipmakers Deepens

Key Points
Nebius demonstrates a substantially stronger trajectory in this comparison, as its top-line figures have grown consistently over recent periods.
Over the last eight quarters, Nebius recorded a pattern of continuous quarter-over-quarter expansion, whereas Strategy maintained a mostly flat profile with minor fluctuations.
Investors analyzing the two companies should watch whether this widening performance gap persists or if the long-standing stable baseline begins to shift in upcoming quarters.
Nebius: Scaling Its Operations
Nebius (NASDAQ:NBIS) primarily constructs extensive computing infrastructure, operates cloud platforms designed for demanding workloads, and develops autonomous driving technologies alongside educational ventures for international clients.
In addition to introducing a new deployment model for on-premises infrastructure in July 2026, it reported a 21% gross margin for the quarter ended March 31, 2026.
Strategy: Maintaining a Steady Baseline
Strategy (NASDAQ:MSTR) functions as a corporate Bitcoin treasury entity that offers investors varying degrees of economic exposure to digital assets, while additionally providing analytics software directly to global enterprises.
While facing new investigations regarding potential securities law violations in late June 2026, it recorded an earnings per share of -$38.25 for the quarter ended March 31, 2026.
Why Revenue Matters for Retail Investors
Revenue provides insight into customer demand and business scale. This metric helps investors measure a company’s overall size, market footprint, and long-term trajectory.
Quarterly Revenue for Nebius and Strategy
Quarter (Period End)
Nebius Revenue
Strategy Revenue
Q2 2024 (June 2024)
$12.1 million
$111.4 million
Q3 2024 (Sept. 2024)
$43.3 million
$116.1 million
Q4 2024 (Dec. 2024)
$37.9 million
$120.7 million
Q1 2025 (March 2025)
$55.3 million
$111.1 million
Q2 2025 (June 2025)
$105.1 million
$114.5 million
Q3 2025 (Sept. 2025)
$146.1 million
$128.7 million
Q4 2025 (Dec. 2025)
$227.7 million
$123.0 million
Q1 2026 (March 2026)
$399.0 million
$124.3 million
Data source: Company filings. Data as of July 24, 2026.
Foolish Take
The revenue trends for Nebius and Strategy reveal the staggering difference between the former’s focus on infrastructure for the hot artificial intelligence sector against the latter’s dedication to Bitcoin.
Strategy’s sales are a relic of its roots as a data analytics software company. Even so, it achieved a solid 12% year-over-year increase in revenue during the first quarter. Yet these days, Strategy exists primarily as the largest corporate holder of Bitcoin. It exited Q1 with over 818,000 Bitcoin holdings, representing about 4% of the world’s supply.
As a result, Strategy’s fortunes are tied to the cryptocurrency. With Bitcoin’s value declining in 2026, Strategy’s stock has fallen a whopping 77% over the trailing 12 months through July 24.
As its revenue trend shows, Nebius has grown into an AI powerhouse. Its Q1 revenue of $399 million represents an impressive 684% year-over-year jump.
The company provides data center infrastructure to customers seeking AI computing power, but has been careful about relying too heavily on debt to fund its data center expansion. Its cautious fiscal approach combined with outstanding sales growth propelled its stock to more than a 250% share price increase in the past 12 months through July 24.
Should you buy stock in Nebius Group right now?
Before you buy stock in Nebius Group, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nebius Group wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $377,990!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,269,518!*
Now, it’s worth noting Stock Advisor’s total average return is 896% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Nebius vs. Strategy: Comparing Revenue Trends Between an Artificial Intelligence Company and a Bitcoin Giant

Key Points
Bitcoin has a market capitalization of $1.3 trillion, making it the world's largest cryptocurrency.
Ark Investment Management, which was founded by technology investor Cathie Wood, thinks Bitcoin could soar more than tenfold by 2030.
Ark thinks six potential catalysts will fuel the rally, but the most important one isn't quite working as expected.
Despite a 47% decline from its peak, Bitcoin (CRYPTO: BTC) still has a market capitalization of $1.3 trillion, making it the world's largest cryptocurrency. But Ark Investment Management, which was founded by seasoned technology investor Cathie Wood, thinks it could amass a market cap of $16 trillion by 2030, which is higher than the current value of Nvidia, Apple, and Alphabet combined.
Based on Bitcoin's circulating supply of 20 million coins, Ark's forecast would translate to a price of almost $800,000 per coin, representing a whopping 1,125% gain from its price of $65,300 as I write this. But is that target realistic?
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 »
Ark's six catalysts for potential upside
Ark publishes a fresh edition of its "Big Ideas" report each year, which highlights areas of the technology industry where the firm sees value. In the 2026 report, it outlined six core reasons for its 2030 Bitcoin target:
Institutional investment: Ark predicts global fund managers will eventually park around 2.5% of their $200 trillion in managed assets in Bitcoin.
Digital gold: Ark thinks Bitcoin could capture around 40% of gold's $28 trillion market cap as investors look for an alternative to the shiny yellow metal.
Emerging-market safe haven: Ark believes citizens in developing countries will increasingly turn to Bitcoin to hedge against economic and political instability.
Nation-state treasury: The U.S. established a Strategic Bitcoin Reserve in 2025, so it will hold the cryptocurrency the same way it holds gold and other assets. Ark thinks other countries will follow suit.
Corporate treasury: Some companies have added Bitcoin to their balance sheets to hedge against economic uncertainty. Elon Musk's Space Exploration Technologies is a moderate example, whereas Michael Saylor's Strategy is an extreme example.
Bitcoin on-chain financial services: Ark believes the Bitcoin network will be increasingly popular for making peer-to-peer transactions, bypassing traditional payment systems.
The institutional investment and digital gold catalysts account for $14.8 trillion of Ark's 2030 market cap forecast of $16 trillion for Bitcoin. The firm actually increased the size of the potential digital gold opportunity in the 2026 "Big Ideas" report because gold soared in value during 2025.
But the 2026 update wasn't all good news. Ark reduced the size of the emerging-market safe-haven opportunity compared to last year's edition of the report, because Bitcoin alternatives like stablecoins are experiencing high adoption rates. Stablecoins are usually priced in U.S. dollars and experience very little volatility, making them attractive to citizens in developing countries where there is economic instability.
Ark's 2030 forecast might be too ambitious
A potential 1,125% return by 2030 certainly sounds appealing, but a $16 trillion market cap might be a bridge too far for Bitcoin. As I mentioned earlier, the cryptocurrency would be worth more than the current value of America's three largest companies combined. But $16 trillion is also equivalent to half the output of the entire U.S. economy, which was $30.7 trillion last year.
There is also an issue with one of Ark's primary catalysts. While many investors do consider Bitcoin a digital alternative to gold, it hasn't performed like one. Actual gold soared by 64% during 2025 as investors sought a safe-haven asset to hedge against heightened political and economic uncertainty triggered by soaring U.S. government debt and the Trump administration's widespread tariffs.
Bitcoin, however, declined by 5% last year, so investors neglected the cryptocurrency and flocked to gold for protection in crunch time.
If Bitcoin can't amass the equivalent of 40% of gold's market cap by 2030, it will have to find roughly $9.8 trillion in value from somewhere else to meet Ark's $16 trillion forecast. None of the other five catalysts outlined by Ark can even come close to filling that gap, even based on the firm's most bullish scenarios.
As a result, while Bitcoin could deliver some upside in the long run, I think the odds of it soaring to around $800,000 per coin by 2030 are very low.
Should you buy stock in Bitcoin right now?
Before you buy stock in Bitcoin, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $371,519!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,281,302!*
Now, it’s worth noting Stock Advisor’s total average return is 892% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of July 25, 2026.
Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Apple, Bitcoin, and Nvidia. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

1 Popular Cryptocurrency to Buy Before It Soars 1,125%, According to Cathie Wood's Ark Invest

Key Points
Earlier in July, Strategy introduced a scorecard that ranks financial institutions on their Bitcoin adoption progress.
Fidelity sits atop the list, while Royal Bank of Canada has more work to do.
Strategy shares trade 79% below their peak, but this hasn't prevented management from continuing to move the crypto plan forward.
Strategy (NASDAQ: MSTR) is the largest single holder of Bitcoin on the planet. It holds almost 844,000 units of the top cryptocurrency on its balance sheet.
This has worked out well at certain times. At Bitcoin's peak last October, Strategy shares had rocketed 2,300% higher over the prior five years. But since the digital asset is currently in a bear market, Strategy's stock trades 79% below its record.
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Despite the disappointing price action, the business continues to advance its efforts to integrate the leading cryptocurrency into the traditional financial services industry, further legitimizing the digital asset.
On July 13, Strategy unveiled the Bitcoin Banking Adoption Index. Here's what it might mean for Strategy shares.
Introducing a new industry benchmark
The Bitcoin Banking Adoption Index is a scorecard that ranks 25 financial institutions based on how extensively they have adopted Bitcoin in their operations. Categories include trading and custody, products, margin, and leadership. Fidelity sits atop the list, with a 71% index score. Royal Bank of Canada is last, with a 13% index score. Overall, the group has a 32% rating.
On the one hand, the combined score is encouraging. It shows that well-known financial institutions are building capabilities with Bitcoin.
On the other hand, there is still a lot of work to do to get the score higher. These banking entities likely need to see tangible results, such as new customer sign-ups and higher revenue potential, before investing additional resources in Bitcoin initiatives.
Strategy is positioned as a leader in this new arena
It's impossible to know exactly what the creation of the Bitcoin Banking Adoption Index will mean for Strategy shares. But it's clear that investors hope this is the start of a major bull run. It's been difficult to watch the stock fall 79% from a record high of $473.83 in November 2024 to around $100 per share.
What this might do, however, is further solidify Strategy as the leading innovator and authority when it comes to Bitcoin integration. And it positions the business as the pioneer for establishing benchmarks and ratings that move this niche forward. Financial institutions that want to improve their index scores could even consult Strategy on best practices.
Billionaire Michael Saylor has transformed Strategy into a Bitcoin capital markets enterprise, with a suite of preferred equity and convertible debt offerings that provide different classes of investors with unique exposure to the most dominant cryptocurrency. Now that it has introduced the Bitcoin Banking Adoption Index, the company aims to boost its credibility in traditional finance.
Should you buy stock in Strategy right now?
Before you buy stock in Strategy, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Strategy wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $371,519!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,281,302!*
Now, it’s worth noting Stock Advisor’s total average return is 892% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of July 24, 2026.
Neil Patel has positions in Strategy. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Michael Saylor's Strategy Just Unveiled a New Bitcoin Banking Index. Here's What That Signals for MSTR Stock.

Key Points
Strategy is prioritizing its balance sheet over buying Bitcoin at lower prices.
That's not necessarily a bad thing.
However, it does expose a flaw in Strategy's business model.
Strategy (NASDAQ: MSTR) was a huge winner from 2024 through 2025 as it aggressively issued stock and debt to fund Bitcoin purchases. As Bitcoin's price continued to rise, Strategy's massive stockpile soared in value, allowing the company to easily raise more capital, creating a powerful cycle that amassed an enormous Bitcoin stockpile.
Things have changed, though. Bitcoin's price has fallen nearly halfway from its peak last year, and Strategy hasn't been buying the dip lately. Strategy's latest 8-K filing shows that it hasn't purchased any Bitcoin for four consecutive weeks. Instead, it is selling stock to raise funds, increasing its cash reserves to $3.2 billion.
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Should investors be concerned about buying Strategy stock amid the company's sudden pivot? Here's what you need to know.
Fortifying the balance sheet isn't a bad thing
Bitcoin is infamously volatile, so a steep decline was probably only a matter of time. It's one thing for an individual investor to buy into a dip, but Strategy is an enormous company with billions of dollars of assets. Opportunistic buying would be nice, but Strategy is focusing on strengthening its balance sheet and preparing for a scenario where Bitcoin continues to decline.
Strategy has 843,775 BTC at an average cost of $75,476 per token. That means that the company is currently sitting on paper losses. It has cash obligations in the form of interest payments on its debt and dividends paid out to preferred shares. Nobody can predict prices, so there's no telling how much lower Bitcoin might go or when it rebounds, or if it ever does.
Holding more cash provides a safety buffer from nightmare situations, such as having to sell at a loss to meet its obligations.
But it does expose a flaw in Strategy's business model
Strategy's recent pause in buying Bitcoin makes sense, but it raises some concerns. As a Bitcoin treasury, Strategy could maximize value for shareholders by accumulating Bitcoin at the lowest possible cost basis. If Strategy's playbook of raising money and buying Bitcoin only works when prices go up, that's a potential red flag.
In that case, it's fair to wonder what value Strategy's current business model can generate, other than functioning as a leveraged bet on rising Bitcoin prices. Remember, Strategy primarily issues debt and stock to fund BTC purchases. Issuing stock dilutes existing shareholders, and doesn't work nearly as well at lower share prices because it takes more shares and dilution to raise the same amount of capital.
Strategy is smart to fortify its balance sheet, but a prolonged decline in Bitcoin is still a massive threat to the business. At the end of the day, investors might be better off owning Bitcoin themselves or investing in a spot Bitcoin ETF.
Should you buy stock in Strategy right now?
Before you buy stock in Strategy, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Strategy wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $369,577!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,301,557!*
Now, it’s worth noting Stock Advisor’s total average return is 908% — a market-crushing outperformance compared to 208% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of July 24, 2026.
Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Strategy Has Now Gone 4 Weeks Without Buying Bitcoin. Should Investors Be Concerned?

The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +0.89%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.74%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.93%. September E-mini S&P futures (ESU26) rose +0.81%, and September E-mini Nasdaq futures (NQU26) rose +1.82%.
Stock indexes settled higher on Tuesday as a rebound in chipmakers and AI-infrastructure stocks gathered steam. The recent selloff in chipmakers has cheapened valuations, enticing dip buyers ahead of earnings results of megacap technology stocks this week, beginning with Alphabet and Tesla on Wednesday. On the downside, software stocks were weak on Tuesday after Morgan Stanley downgraded several in the sector. Also, rising crude oil prices pushed bond yields higher, with the 10-year T-note yield climbing to a 2-month high of 4.64% on Tuesday.
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A positive start to earnings season is also supporting stock gains. 91% of the S&P 500 companies reporting Q2 earnings results thus far have beaten estimates, according to data compiled by Bloomberg.
WTI crude oil (CLQ26) rose more than +2% on Tuesday to a 5-week high as the US and Iran exchanged strikes for a 10th consecutive day even as mediators sought to revive a truce. The US targeted military command centers, launch sites, and air defenses in Iran today. Meanwhile, Iran attacked US military sites in Kuwait and Jordan. The UK navy also reported Iran struck two vessels around the Strait of Hormuz. President Trump said on Tuesday that the US has “no interest” in meeting with Iran until they are ready for serious peace negotiations.
Also, Houthi rebels on Monday said they will impose a maritime blockade on Saudi Arabia in retaliation for what they say is the kingdom's siege on the Yemeni capital, a potential threat to Saudi Arabian crude exports through the Red Sea. President Trump said Tuesday that if there is a blockade in the Red Sea, the US “will take care of it.”
The outlook for strong Q2 earnings, which begin in earnest this week, is a bullish factor for stocks. Forecasts compiled by Bloomberg Intelligence suggest Q2 earnings may increase by +23%, close to Q1’s blowout earnings of +30%, which was more than double the +12% analysts had expected. AI spending is expected to account for most of earnings, with AI infrastructure stocks set to contribute nearly 60% of the S&P 500's earnings-per-share growth in Q2.
The markets are discounting a 24% chance of a +25 bp rate hike at the next FOMC meeting on July 28-29.
Overseas stock markets settled higher on Tuesday. The Euro Stoxx 50 closed up +0.94%. China's Shanghai Composite closed up +1.79%. Japan's Nikkei-225 Stock Average closed up sharply by +3.26%.
Interest Rates
September 10-year T-notes (ZNU6) on Tuesday closed down -7 ticks, and the 10-year T-note yield rose +4.0 bp at 4.632%. Sep T-notes fell to a 1-week low, and the 10-year T-note yield climbed to a 2-month high of 4.638%. WTI crude oil prices jumped more than +2% to a 5-week high on Tuesday, boosting inflation expectations, a hawkish factor for Fed policy. Also, Tuesday's strength in stocks has reduced safe-haven demand for T-notes. Heightened Middle East tensions are supporting safe-haven demand for T-notes after President Trump threatened a disproportionate response for any Americans killed by Iran.
European government bond yields were mixed on Tuesday. The 10-year German bund yield climbed to a 2-month high of 3.185% and finished up +1.3 bp to 3.163%. The 10-year UK gilt yield fell -0.2 bp to 5.030%.
The German Jul ZEW survey expectations of economic growth rose +15.8 to a 5-month high of 26.3, stronger than expectations of 15.3.
Swaps are discounting a 4% chance of a +25 bp ECB rate hike at its next policy meeting on Thursday.
US Stock Movers
Chipmakers and AI-infrastructure stocks rallied sharply on Tuesday, supporting gains in the overall market. The iShares Semiconductor ETF (SOXX) closed up more than +5%. Sandisk (SNDK) closed up more than +14% to lead gainers in the S&P 500, and Teradyne (TER), Western Digital (WDC), and Micron Technology (MU) closed up more than +12%. Also, Seagate Technology Holdings Plc (STX) closed up more than +11%, and Intel (INTC) closed up more than +9%. In addition, Applied Materials (AMAT), Advanced Micro Devices (AMD) and ARM Holdings Plc (ARM) closed up more than +7%, and Marvell Technology (MRVL) closed up more than +6%. Finally, Lam Research (LRCX) and KLA Corp (KLAC) closed up more than +5%, and ASML Holding NV (ASML), Microchip Technology (MCHP), and Texas Instruments (TXN) closed up more than +3%.
Cryptocurrency-exposed stocks moved higher on Tuesday as Bitcoin (^BTCUSD) rose more than +1% to a 5-week high. Coinbase Global (COIN) closed up more than +9%, and Circle Internet Group (CRCL) and Riot Platforms (RIOT) closed up more than +8%. Also, Galaxy Digital Holdings (GLXY) closed up more than +7%, and Strategy (MSTR) and MARA Holdings (MARA) closed up more than +4%.
Software stocks were under pressure on Tuesday after Morgan Stanley downgraded Adobe, Intuit, and Workday. Atlassian Corp (TEAM) closed down more than -5%, and Thomson Reuters (TRI) closed down more than -4% to lead losers in the Nasdaq 100. Also, Workday (WDAY) closed down more than -4%, and Adobe Systems (ADBE), Datadog (DDOG), and Autodesk (ADSK) closed down more than -3%. In addition, ServiceNow (NOW) and Salesforce (CRM) closed down more than -2%.
Nebius Group NV (NBIS) closed up more than +18% to lead gainers in the Nasdaq 100 after Nvidia reported a 9.3% stake in the company in a 13G filing.
Hasbro (HAS) closed up more than +8% after reporting Q2 net revenue of $1.14 billion, better than the consensus of $1.07 billion, and boosting its full-year adjusted Ebitda forecast to $1.45 billion to $1.50 billion from a previous forecast of $1.40 billion to $1.45 billion, stronger than the consensus of $1.45 billion.
3M Co (MMM) closed up more than +7% to lead gainers in the Dow Jones Industrials after reporting Q1 adjusted EPS of $2.40, stronger than the consensus of $2.25, and raising its full-year adjusted EPS forecast to $8.80 to $8.95 from a previous forecast of $8.50 to $8.70.
Robinhood Markets (HOOD) closed up more than +7% after Bernstein and Piper Sandler said the company’s revenue from prediction markets is set to overshadow that from cryptocurrency trading as soon as Q2.
General Motors (GM) closed up more than +5% after reporting Q2 net sales of $48.03 billion, stronger than the consensus of $46.61 billion, and raising its full-year adjusted EPS forecast to $12 to $14 from a previous estimate of $11.50 to $13.50, the midpoint above the consensus of $12.81.
Ralph Lauren (RL) closed up more than +2% after Raymond James upgraded the stock to outperform from market perform with a price target of $410.
Danaher (DHR) closed down more than -10% to lead losers in the S&P 500 after forecasting Q3 non-GAAP core revenue growth of 2.0% to 3.0%, weaker than the consensus of 3.61%.
MSCI Inc (MSCI) closed down more than -10% after reporting Q2 adjusted EPS of $4.94, below the consensus of $4.99, and boosting its full-year operating expenses estimate to $1.54 billion to $1.58 billion from a previous estimate of $1.49 billion to $1.53 billion.
Agios Pharmaceuticals (AGIO) closed down more than -6% after announcing it will not advance the development of tebapivat for sickle cell disease following Phase 2 trial results that failed to establish a differentiated profile versus placebo.
Halliburton (HAL) closed down more than -5% after reporting Q2 adjusted operating income of $683 million, weaker than the consensus of $688.7 million.
Equifax (EFX) closed down more than -3% after lowering the top end of its full-year adjusted EPS forecast to $8.39 to $8.69 from $8.34 to $8.74.
Earnings Reports(7/22/2026)
Alphabet Inc (GOOGL), AT&T Inc (T), AvalonBay Communities Inc (AVB), CME Group Inc (CME), Crown Castle Inc (CCI), CSX Corp (CSX), EastGroup Properties Inc (EGP), Equity LifeStyle Properties Inc (ELS), Equity Residential (EQR), First American Financial Corp (FAF), First Industrial Realty Trust (FR), GE Vernova Inc (GEV), Globe Life Inc (GL), Graco Inc (GGG), International Business Machine (IBM), Iridium Communications Inc (IRDM), Kinder Morgan Inc (KMI), Knight-Swift Transportation Ho (KNX), Las Vegas Sands Corp (LVS), Medpace Holdings Inc (MEDP), Molina Healthcare Inc (MOH), Moody's Corp (MCO), Northern Trust Corp (NTRS), Otis Worldwide Corp (OTIS), Packaging Corp of America (PKG), Philip Morris International Inc (PM), Pinnacle Financial Partners In (PNFP), PulteGroup Inc (PHM), QuantumScape Corp (QS), Raymond James Financial Inc (RJF), Reliance Inc (RS), RenaissanceRe Holdings Ltd (RNR), RLI Corp (RLI), Rollins Inc (ROL), RPM International Inc (RPM), SEI Investments Co (SEIC), ServiceNow Inc (NOW), Sonoco Products Co (SON), Southwest Airlines Co (LUV), Stifel Financial Corp (SF), TE Connectivity PLC (TEL), Teledyne Technologies Inc (TDY), Tesla Inc (TSLA), Texas Instruments Inc (TXN), Travel + Leisure Co (TNL), Westinghouse Air Brake Technol (WAB), WEX Inc (WEX), Wyndham Hotels & Resorts Inc (WH).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	0.00 36.12
Price/Sales	58.74 2.84
P/B	0.88 3.23
P/FCF	0.00 24.48

Indicator	TTM Median
ROE	0.00 13.64
ROA	0.00 6.42
ROI	0.00 9.78
Net Worth	31.18 1.05
Quick Ratio	0.00 1.56
Current Ratio	6.05 1.89

Indicator	TTM Median
Net Profit Margin	0.00 9.59
Operating Margin	0.00 10.19
Gross Margin	68.16 50.00
Return on tangible equity	0.00 24.71

Indicator	TTM Median
EPS	-3.20 0.30
EPS Forecast	-18.06 0.24
Revenue	124.00M 74.00M
Gross Profit	83.00M —
EBITDA	3.90B —

Strategy Inc

Recent quarterly and TTM performance

Valuation

Debts

Efficiency

Other ratios

Revenue