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PayPal Shares Plunge 12.7% as $53B Takeover Bid Collapses
PayPal shares dropped 12.7% after a reported $53 billion takeover bid was withdrawn, wiping out $6.9 billion in market value and leaving investors focused on margin challenges.
ServiceNow Rallies 4.5% on AI Contract Milestone, Yet Valuation Stays Steep
ServiceNow (NOW) rose 4.5% after AI contract value topped $1 billion. Q2 subscription revenue grew 24.5%, but the stock's 89x earnings multiple remains a concern.
Pfizer's Core Growth Offsets COVID Decline, but $4B Forecast Raises Doubts
Pfizer (PFE) shares edged down 0.2% as Q2 revenue grew 3% to $15B, but a lowered COVID forecast to $4B raises questions about achieving 5% core growth.
AT&T Stock Climbs on Strong Cash Flow, Fiber Expansion
AT&T (NYSE: T) shares gained 2.3% to $26.01 after reporting $4.7B in free cash flow, fueled by strong fiber growth and 367K new fiber customers.
Amazon Stock Climbs 4% on AWS Strength and $220B AI Budget
Amazon shares gained 4% as AWS revenue surged 37% to $42.2B, its fastest growth in 18 quarters. The company raised 2026 capex to $220B, boosting market value by $110B.
Nokia's AI Push Strains Cash Flow, Shares Slide 3.6%
Nokia's stock dropped 3.6% as a €732 million cash burn overshadowed strong AI-cloud revenue growth, raising concerns about its investment strategy.
BitMine Sinks 7% as Ether Rout Trims Crypto Hoard by $4.8B
BitMine shares dropped 7.1% Friday as Ether's decline slashed the value of its crypto treasury by $4.77 billion. The stock still trades at a 30% premium to identifiable assets.
American Airlines Profit Squeezed by Fuel Costs Despite Record Revenue
American Airlines (AAL) shares slipped 0.6% Friday as record Q2 revenue of $16.7B was offset by a $2.2B fuel cost surge, leaving a razor-thin 0.4% net margin.
Nu Holdings Dips 3.9% Despite Record Profit as Bad Loans Rise
Nu Holdings shares slipped 3.9% despite a record $1.06B quarterly profit, as late-stage loan delinquencies climbed to 6.9%, raising credit concerns.
Ondas Shares Slide 9.7% on Q2 Loss Despite Robust Backlog
Ondas shares dropped 9.7% after reporting a $50.6 million adjusted EBITDA loss in Q2, despite revenue surging 67% sequentially and a pro-forma backlog of $757 million.
Humana's Medicare Exit: 600,000 Members to Go, Margin Recovery in Focus
Humana will discontinue Medicare Advantage plans for about 600,000 members in 2027, expecting to recapture 40%. The move aims to restore margins, but shares fell 1.8%.