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Shein Secures China Approval for Hong Kong IPO

Online fashion retailer Shein has received approval from Chinese regulators to proceed with its IPO on the Hong Kong Stock Exchange after facing hurdles in the U.S. and London. The company is targeting a valuation of over $40 billion and aims to raise between $2 billion and $3 billion. The listing is planned to take place as early as August 2026.

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Fading·11 days ago

Stocks

Circle Wins Final Approval for US National Trust Bank Charter

Circle has received final regulatory approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank. The approval, finalized on July 11, grants the company the charter to operate within the U.S. banking system. Under this specific charter, the bank is prohibited from taking ordinary deposits or issuing loans.

Delta Air Lines Beats Q2 Estimates, Hikes Dividend by 15% on Strong Demand

Delta Air Lines exceeded its June quarter earnings guidance, driven by robust demand and strong operational execution. Following these results, the company announced a 15 percent increase in dividend payments starting in the September quarter. Additionally, Delta reaffirmed its full-year outlook with an adjusted EPS guidance of $6.50 to $7.50.

Australian Uranium Stocks Surge on Strategic Export Deal with India

Australian uranium stocks surged following the finalization of administrative arrangements to commence exports to India under a bilateral nuclear cooperation agreement. India is targeting a significant expansion of its nuclear capacity to 100 GW by 2047, up from its current 8 GW. Alongside the Australian deal, India clarified its commitment to international trade agreements and secured a C$2.6 billion supply contract with Canada’s Cameco for uranium deliveries starting in 2027.

Aehr Test Systems Secures New Production Order for Silicon Photonics Testing

Aehr Test Systems has secured new production orders exceeding $8 million for its silicon carbide wafer-level burn-in solutions. The orders include a follow-on purchase for the fully automated FOX-XP system to support manufacturing capacity for new electric vehicle platforms. These new orders specifically target the rapidly expanding electric vehicle market in China.

11 articles2 stories

AEHR

Developing·12 days ago

Stocks

GM Stock Holds Appeal Despite U.S. EV Sales Slip and Strategic Pivot

Despite a Q2 decline in EV sales and losing U.S. market share to Toyota, General Motors stock maintains a positive analyst outlook with a $96 target price. To address the consumer shift toward hybrid technology, the company plans to reintroduce plug-in hybrids by 2027. Additionally, GM is diversifying its strategy by expanding into the energy storage sector to support the rising demand from AI data centers.

EquipmentShare Raises 2026 Outlook and Authorizes $500M Share Buyback

EquipmentShare has raised its fiscal year 2026 financial guidance and authorized a new $500 million share buyback program. Meanwhile, Rank Group shares rose significantly as the company expects annual profits to surpass previous analyst estimates. Conversely, Leslie’s shares fell after Pentair lowered its forward guidance, citing worsening inventory destocking pressures and weaker demand within the pool industry.

Micron Announces $250B U.S. Investment to Boost AI Chip Production

Micron announced a $250 billion investment plan in the U.S. over the next decade to boost AI chip production while securing critical raw materials for its operations. The company has established long-term supply agreements projected to cover nearly 50% of total revenues, including take-or-pay contracts ensuring at least $100 billion in future income. Following these developments, TD Cowen reiterated a Buy rating on the stock, as analysts expect supply constraints and robust demand to drive DDR prices higher through 2027.

Markets Await TSMC Q2 Results as Litmus Test for Global AI Demand Sustainability

TSMC is scheduled to report its second-quarter earnings early Thursday morning, July 16, 2026. Traders are anticipating a significant swing in the stock price following the release, which comes amid robust demand for AI chips. The upcoming report is viewed as a key indicator for the sustainability of global AI demand.

Bausch + Lomb Discontinues Glaucoma Drug After Phase 2 Trial Failure

Bausch + Lomb has discontinued the development of its BL1107 glaucoma eye drop after a Phase 2 trial failed to meet the primary endpoint of improving visual function. Following the study's results, the company decided to end the program and redirect its focus toward a sustained-release implant for geographic atrophy. Clinical trials for this new redirected program are expected to commence in 2028.

Philip Morris Faces Cautious Outlook Ahead of Q2 Earnings Release

Seeking Alpha published an analytical report on July 10 previewing Philip Morris International's earnings ahead of the official release. Options data from July 15 suggests a potential 4.9% share price movement around the July 22 earnings report. The company is expected to see Q2 sales and earnings growth driven by smoke-free product momentum and strong pricing power.

Netflix Faces Limited Near-Term Catalysts Ahead of Q2 Results Despite Jefferies Buy Rating

Jefferies maintained a 'Buy' rating and a $110 price target for Netflix, despite anticipating limited near-term upside catalysts ahead of the company's Q2 earnings report. Markets are currently awaiting the release of major bank earnings and Netflix's results in the coming week. Meanwhile, Netflix's stock valuation has dropped to its lowest level in over four years as traders anticipate the upcoming financial results.

Manulife: Tech Earnings Fundamentals Strongest Ever Amid Concentration Risks

Emily Roland of Manulife stated that tech stock fundamentals are currently the strongest she has seen in her career. Analyst expectations point to a robust 23.3% earnings growth for the S&P 500 in the second quarter. Additionally, Piper Sandler analysts believe that corporate America is well-positioned to clear the high bar set for Q2 earnings results.

Jabil Expands Healthcare Footprint with Advanced Robotic Surgery Tech

Jabil is expanding its healthcare footprint by leveraging engineering expertise in diagnostic systems and robotic-assisted surgery. The company was identified as a top stock for accelerating EPS growth trends heading into the second half of 2026, driven by strong revenue in cloud infrastructure and networking. While recent earnings growth and cash generation remain solid, the stock performance currently reflects a balance between these gains and a cautious fiscal 2026 outlook.

Amazon Outlook Bullish Ahead of Q2 Earnings as Analysts Set $345 Target

BNP Paribas maintained an Outperform rating on Amazon with a $345 price target on July 10. Positive Q2 earnings expectations are building for the company based on its current strong business narrative. While Amazon's stock has risen approximately 8% year-to-date as of July 17, it continues to lag behind many of its large-cap peers.

3 articles3 stories

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Developing·12 days ago

Stocks

Apple Inks $30B Broadcom Deal Amid Fed Policy Split

Apple has secured a $30 billion component supply deal with Broadcom, coinciding with Federal Reserve minutes showing a policy split among officials. South Korean chipmaker SK Hynix raised $26.51 billion in a stock offering, marking the largest-ever U.S. market entry by a foreign firm. Market indicators show the VIX at low levels and S&P 500 stock correlations near 20-year lows, suggesting a decoupling of individual stock movements.

Greg Abel's Alphabet Stake Surpasses Berkshire's Iconic Coca-Cola Holding

Alphabet has become one of Berkshire Hathaway's largest holdings under Greg Abel's management, surpassing the value of its iconic Coca-Cola stake. Warren Buffett revealed he personally initiated the $31 billion investment in Google, noting that tech giants are compelled to compete in the AI race. Buffett's remarks helped push Google co-founder Larry Page's net worth above $300 billion, while Abel is backing Alphabet's AI infrastructure expansion with a $10 billion private placement.

Public Storage Prices $900M Senior Notes for NSA Acquisition

Public Storage priced a $900 million senior notes offering at a 4.855% interest rate to fund its acquisition of National Storage Affiliates Trust, which received 99.9% shareholder approval. Concurrently, Strategic Storage Trust VI and Strategic Storage Growth Trust III announced an all-stock merger agreement. Both REITs involved in the merger are sponsored by an affiliate of the NYSE-listed SmartStop Self Storage REIT, Inc.

Bassett Furniture Shows Operational Resilience Despite Q2 Revenue Dip

Bassett Furniture reported modestly lower revenue for Q2 fiscal 2026 but demonstrated improved adjusted operating performance. Management highlighted stronger retail order trends and higher wholesale margins during the period. Additionally, the company is maintaining its focus on growth through continued investment in e-commerce initiatives.

Byrna Technologies Misses Estimates as MetLife and BlackRock Set Earnings Dates

Byrna Technologies reported a Q2 loss of $0.44 per share, significantly missing estimates as revenues fell 42.5% and gross margins collapsed due to inventory write-downs. The company faces challenges with website conversion and audience saturation but maintains a debt-free cash position with expectations for improvement during holiday sales. Additionally, MetLife, BlackRock, and Murphy USA have scheduled their quarterly earnings releases for early August.

Computacenter Profit Outlook Doubles on AI and Hyperscale Demand

Computacenter expects its first-half adjusted profit before tax to double from last year's £81.5 million, fueled by AI and hyperscale demand. Concurrently, 4C Group reported a 26% surge in Q2 sales driven by defense software, while Concurrent Technologies achieved record-breaking financial results for the first half of fiscal year 2026. These updates highlight a period of significant growth across technology and defense sectors.

Wall Street Eyes GE Aerospace Results as Analysts Revise Earnings Estimates

Wall Street is awaiting GE Aerospace's Q2 earnings report scheduled for July 16, 2026, with analysts forecasting earnings per share of $1.86 and revenue of $11.82 billion. Options data suggests a potential 4% stock movement following the release, noting that GE's actual price shifts exceeded implied volatility in five of the last eight announcements. Beyond revenue and EPS, analysts are closely evaluating key business metrics for the period ending June 2026.

UBS Forecasts Domino's US Sales Slump Amid Rising Consumer Pressures

UBS projects a 1.5% decline in Domino's US same-store sales for the second quarter due to macroeconomic pressures. The company lacks specific indicators for an earnings beat, with analysts revising profitability sentiment downward due to rising input costs and promotional spending. Domino's is expected to report an EPS of $4.17 on $1.18 billion in revenue during its upcoming financial report on July 20.

G Mining Ventures Boosts Q2 Gold Production by 16% at Tocantinzinho

G Mining Ventures reported producing 36,845 ounces of gold at its Tocantinzinho mine in Brazil during Q2, marking a 16% increase from the first quarter. The company maintained its 2026 production guidance, while Genesis Minerals agreed to acquire Vault Minerals to form a combined entity valued at A$12.6 billion. Additionally, the Federal Public Defender's Office in Brazil filed a new civil action against Belo Sun Mining's subsidiary regarding the Volta Grande Gold Project.

8 articles3 stories

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