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Primoris has gotten torched over the last six months - since January 2026, its stock price has dropped 39.3% to $89.91 per share. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.
Asset manager says elevated Treasury yields provide a stronger cushion across multiple Fed policy scenarios.
Newmont reported a higher second-quarter profit and growing revenue, but said its average gold prices fell compared to the first quarter. The gold-mining company on Thursday reported a profit of $2.2 billion, or $2.06 a share. Newmont’s average realized gold price rose to $4,414 an ounce from $3,320 a year earlier, but it was still lower than the company’s first-quarter average selling price of $4,900 as gold rallied in the beginning of the year.
Intel Corp (NASDAQ:INTC, XETRA:INL) shares jumped nearly 11% in after-hours trading after the chipmaker reported second quarter results that exceeded Wall Street expectations, driven by stronger demand across its data center and client computing businesses and a better-than-expected outlook for...
Verizon is set to round out the Big Three telecommunications companies reporting earnings this week, and its cost-cutting push is likely to come into focus alongside potential competition risks from SpaceX. Rivals AT&T and T-Mobile reported earlier this week, with both beating on earnings but missing on revenue. As Verizon stock has outperformed both this year, the company likely faces a higher bar when it reports before the open Friday.
Major U.S. banks recently reported strong earnings, signaling resilient credit and deposit activity across the sector. SoFi Technologies (NasdaqGS:SOFI) is drawing attention for its involvement in providing retail access to the highly anticipated SpaceX IPO. These developments spotlight both the health of core banking activity and the distinct features of SoFi’s retail investing platform. For SoFi Technologies, which combines digital banking, lending, and investing under one platform,...
Freeport-McMoRan (NYSE:FCX) executives said the copper producer’s second-quarter 2026 results reflected “progress” across its major operating regions, citing better-than-forecast copper sales and unit cash costs, a continuing recovery at the Grasberg Block Cave mine in Indonesia and stronger perform
Crocs, Inc. (NASDAQ:CROX) has received a higher price target from Bank of America ahead of its second-quarter earnings report, with the firm reiterating its ‘Buy’ rating and raising its target to $160 from $145 on expectations that sustained direct-to-consumer (DTC) growth in North America could...
Tariffs on Brazilian imports could reshape competitive dynamics for select companies.
CARACAS, July 23 (Reuters) - Venezuela's oil ministry has told partners of state energy company PDVSA that it will maintain the July 28 deadline it had set to migrate oil and gas contracts to a new legal framework approved in January, rushing executives to complete the negotiation of terms, four sources close to the talks said. Venezuela's National Assembly in late January approved a sweeping reform of the hydrocarbons law, the backbone of the country's energy industry, offering autonomy for
Tehran’s speedy recovery from damage done by the U.S. and Israeli air campaign raises concerns about its effectiveness
Cleveland-Cliffs (NYSE:CLF) said it returned to positive free cash flow in the second quarter of 2026 and expects a substantially stronger second half of the year, driven by higher steel prices, improved automotive demand, lower costs and higher shipment volumes. Chairman and CEO Lourenco Goncalves
Norfolk Southern posted Q2 earnings that saw operating income rise 5% on revenue that was 11% higher. The post Norfolk Southern’s earnings rise with volume gains appeared first on FreightWaves.
RTX Corp (RTX) reports robust financial performance with significant sales and EPS growth, while navigating supply chain constraints and strategic investments.
Nokia Oyj (NOK) reports a 9% increase in net sales and significant growth in AI and Cloud, despite facing negative free cash flow and supply chain constraints.
T-Mobile US Inc (TMUS) reports robust financial performance with significant postpaid additions and increased free cash flow guidance, despite competitive pressures.
Molina Healthcare Inc (MOH) reports robust earnings and revenue growth, but faces hurdles in its Marketplace segment and regulatory pressures.
West Pharmaceutical Services Inc (WST) reports robust Q2 results with significant revenue and EPS growth, while raising full-year guidance amidst global expansion and strategic initiatives.
Nasdaq Inc (NDAQ) reports robust financial performance with significant revenue growth, strategic AI initiatives, and a historic IPO milestone.
Dow Inc (DOW) reports a 20% increase in net sales and completes a $1 billion cost savings program, while navigating geopolitical and macroeconomic uncertainties.
Mobileye Global Inc (MBLY) reports a 46% increase in adjusted operating profit and expands its operating margin, while navigating challenges in revenue growth and robotaxi scaling.
IBM says it’s acquiring HRL Laboratories to accelerate its roadmap in fault-tolerant quantum computing. But does that warrant buying IBM shares today?
Fortinet Inc (NASDAQ:FTNT) is set to report its second quarter results on July 29, with Jefferies analysts highlighting that the company needs to show an acceleration in product revenue growth to support investor confidence in the durability of its recent performance. The firm expects solid...
Shares of Tesla have tumbled around 15% on a disappointing quarter, and SpaceX has fallen 50% from its highs.
This ETF has outperformed in all recessions and bear markets since it debuted.
Eric Trump-backed Foundation Future Industries said on Thursday it is partnering with AMD to use its chips to co-develop autonomous humanoid robots for military and industrial use. The son of U.S. President Donald Trump has been an investor in the start-up since early this year and serves as chief strategy advisor, the company said. The Trump family's investments in several companies have drawn scrutiny, particularly its stakes in defense firms that regularly compete for government contracts, raising concerns about potential conflicts of interest.
AMD launched its Helios rackscale systems to rival Nvidia's Vera Rubin-powered platform.
Ford and Chinese automotive company Geely Auto announced plans on Thursday to jointly manufacture low- and zero-emission vehicles at Ford's Valencia, Spain factory. The partnership is a bid to reignite Ford’s offerings for the European auto market as the legacy carmaker seeks to compete with the likes of fast-moving Chinese companies that are rapidly dominating auto sales across the globe. It comes amid challenges for the American electric vehicle market and increasing global geopolitical tensions driven by U.S. tariff policy.
Tesla recorded a $1 billion net gain on its investment in Space Exploration Technologies, commonly known as SpaceX, following its IPO last month, according to SEC filings. Elon Musk's electric vehicle company had a stake in SpaceX through a $2 billion investment his AI lab xAI made in January. When xAI and SpaceX merged in February, Tesla's share in the AI startup converted into equity in SpaceX.
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