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Smithfield Cuts 2026 Profit Guidance Despite Q2 Beat
Smithfield Foods trimmed its 2026 profit forecast by $100 million at the midpoint, even as Q2 results topped analyst expectations amid margin pressure in packaged meats.
Ferguson Stock Climbs on Robust Non-Residential Demand
Ferguson's shares advanced 2.8% after the company raised its 2026 guidance, citing robust non-residential demand. Q2 sales rose 4.6% and adjusted EPS grew 5.3%.
Riot Platforms Soars on $9.1B AI Data Center Deal with Anthropic
Riot Platforms (RIOT) surged over 22% after disclosing a $9.1 billion AI data center lease with Anthropic, marking a major pivot toward high-value infrastructure.
Oil Rally and Chevron's Strong Cash Flow Lift Energy Stocks
Chevron shares rose 4.5% to $194.91 after oil prices climbed 5% on stalled Iran negotiations, while the company's Q2 free cash flow surged to $18.1 billion.
Rocket Lab Slides 7% as Neutron Delay, Margin Concerns Offset Record Revenue
Rocket Lab shares dropped 7% after hours as investors focused on Neutron's delayed timeline and soft margin forecast, despite a record revenue quarter.
RBA Holds Cash Rate at 4.35%, Cuts Inflation Forecast, Sees Higher Jobless Rate
The RBA left the cash rate at 4.35% unanimously, lowered December inflation forecast to 3.3%, and lifted unemployment outlook to 4.5%.
Teledyne to Acquire Varex Imaging in $1.1B All-Cash Deal
Teledyne Technologies will acquire Varex Imaging for $18.90 per share in cash, valuing the X-ray components maker at roughly $1.1 billion. The deal offers a 52% premium and is expected to close in early 2027.
Rupiah Gains on Damayanti's Sole Candidacy for BI Governor
Indonesia's rupiah rallied to its strongest level since June 18 after President Prabowo nominated Destry Damayanti as sole candidate for Bank Indonesia governor, reducing policy uncertainty.
AAON Stock Slips 5.9% Despite Record Sales as Margin Outlook Dips
AAON shares fell 5.9% despite record Q2 sales, as a lowered gross-margin outlook overshadowed a strong earnings beat.