CNBC Daily Open: Trump's expanded tariffs mean putting out home fires could be more expensive
After the Trump administration hinted it could be open to Nvidia exporting more powerful chips to China after their revenue-sharing agreement, the semiconductor darling was reported to be developing a new chip for Beijing.
And Intel's bounty from the CHIPS Act, formalized by the previous administration under Joe Biden, might come with a price tag of giving the current U.S. government a stake in the company. Other companies that have received funding from the same act — such as Micron and Samsung — may be subject to the same exchange, Reuters reported.
Meanwhile, the effects of tariffs continue to creep into the home.
The costs incurred by fires in the U.S. — think of the tragic Los Angeles wildfires in January or the one near the Grand Canyon just last month — are already growing, not just in terms of the physical damage but also the price of insurance premiums.
And now that Trump has added fire extinguishers to a list of steel products that will face a 50% import tariff, even the price of relatively more benign and contained fires, such as those you start to burn photographs of your ex-partner, will be more expensive to put out. That's a truly protest-worthy tariff.
Trump expands reach of steel and aluminum tariffs. The duties, which impose a 50% charge on imports, will include more than 400 additional product categories, such as fire extinguishers, machinery and construction materials.
Japan exports sank 2.6% in July from a year ago. That figure is worse than expected, and the steepest decline for the country since February 2021. Falling shipments to the U.S. and China, Japan's two biggest export markets, contributed to the plunge.
Pop Mart shares spike after it announced profit surge. Shares of the Labubu-maker were up 12.6% at 1:40 p.m. local time (1:40 a.m. ET) Wednesday as investors cheered the firm's announcement on Tuesday of a nearly 400% year-on-year jump in profit.
Technology stocks weigh down U.S. markets. The Nasdaq Composite fell 1.46% on Tuesday as shares of Palantir sank more than 9%. Asia-Pacific markets retreated Wednesday, as the region's tech stocks tracked declines on Wall Street.
[PRO] UBS raises its forecast for gold — again. Despite the rally for gold stalling since the middle of the year, the Swiss banking giant hiked its 2025 and 2026 target for gold prices.
The price is REIT: UK-quoted property sector is consolidating rapidly
Episodes in which the mighty KKR receives a bloody nose are collector's items — but we had one in the U.K. last week. The private equity giant was thwarted in an attempt to buy Assura, a property company that owns more than 600 doctor's surgeries and medical centers.
That speaks to a bigger story — which is that U.K. stock market investors have concluded valuations in the country's REIT (real estate investment trust) sector had become ridiculously low.
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Earnings live: Target stock falls with Walmart earnings on deck
Second quarter earnings season is winding down, and with most of the reports in, the results have been mostly positive. Over 92% of S&P 500 index companies have reported results, and as of Aug. 18, analysts expected S&P 500 companies to report an 11% jump in earnings per share during the second quarter. Companies had lower expectations to clear coming into the quarter — analysts expected S&P 500 earnings to rise 5% in Q2, the slowest pace of earnings growth since Q4 2023 — amid President Trump's tariffs, stocks' lofty valuations, and uncertainty about the health of the US economy. Highly anticipated reports from Walmart (WMT), Target (TGT), Home Depot (HD), and Lowe's (LOW) are being watched for insights into consumer spending. Other major companies reporting this week include BJ's Wholesale (BJ), TJX Companies (TJX), Ross Stores (ROST), Estée Lauder (EL), Intuit (INTU), Zoom Communications (ZM), Workday (WDAY), Xpeng (XPEV), Medtronic (MDT), La-Z-Boy (LZB), Toll Brothers (TOL), Palo Alto Networks (PANW), and Blink Charging (BLNK). Last week, results came in for Applied Materials (AMAT), Circle (CRCL), Lenovo ( AMC (AMC), Cava (CAVA), Cisco (CSCO), CoreWeave (CRWV), Deere (DE), On (ONON), and Oklo (OKLO). Here are the latest updates from corporate America. Target beat low earnings expectations as sales continue to fall Target (TGT) released its second quarter results on Wednesday. The results are not as bad as the first quarter but declining sales has the retail giant in a bit of a bind. Shares in target fell 8% before the bell Yahoo Finance's executive editor Brian Sozzi looks at the latest from Target and whether it will ever find its place in this new economic environment. Read more here. Walmart earnings expected to show US sales growth continued in Q2 as consumers seek value Walmart (WMT) will report quarterly results Thursday morning before the bell, following on the heels of Target (TGT) earnings Wednesday, which sent shares of the retailer 6% lower. But Walmart is expected to highlight another robust quarter, Yahoo Finance's Brooke DiPalma writes, as consumers search for value amid tariff-related uncertainty. Brooke previews what to look for in Walmart's earnings: Read more here. TJX Companies shares rise after earnings beat and raise TJ Maxx parent TJX Companies (TJX) beat sales and profit estimates for the second quarter and raised its annual profit forecast, boosting shares in premarket trading. Reuters reports: Read more here. Lowe's stock rises after same-store sales return to growth Lowe's (LOW) stock popped in premarket trading on Wednesday after the home improvement retailer reported a return to same-store sales growth, earnings beat, and raised its guidance. Yahoo Finance's Brooke DiPalma reports: Read more here. Baidu quarterly revenue falls as weak ads offset cloud growth Reuters reports: Read more here. Estee Lauder forecasts annual profit below estimates as tariffs hit Estee Lauder (EL) stock fell 8% before the bell on Wednesday after the beauty group forecast annual profit below Wall Street estimates, as it grapples with persistent weakness in the US and China markets and tariff uncertainty. Reuters reports: Read more here. Toll Brothers beats on earnings, but new orders decline 4% Toll Brothers (TOL) reported another double beat in its fiscal third quarter, but a slowdown in new orders weighed on the stock, which drifted 1.6% lower after hours. The homebuilder posted diluted earnings per share of $3.73 on home sale revenue of $2.88 billion. Wall Street analysts were expecting earnings per share of $3.64 on revenue of $2.85 billion. After a sluggish spring season in the housing market, there have been signs of a resurgence, with housing starts jumping in July. But mortgage rates that have barely budged, ongoing economic uncertainty, and affordability challenges for buyers continue to weigh on the sector. For the quarter, Toll Brothers noted it had 2,388 units under signed contract, a 4% decline from a year ago. Analysts had expected orders growth. "The average sales price of new contracts was $1.0 million, up 4.5% year-over-year," CEO Douglas Yearley said in the earnings release. "Contract dollars were flat despite a 4% decline in units. While affordability pressures and uncertain economic conditions persist, we are pleased with the resilience of our luxury business and more affluent customer base." La-Z-Boy stock drops on soft earnings and guidance La-Z-Boy stock (LZB) dropped 16% in after-hours trading after the company missed earnings estimates and navigated "soft industry demand." Overall, comparable sales dropped 1% to $492 million from a year ago. Sales in the furniture retailer's wholesale segment increased 1%, and retail sales rose 5%, but they were offset by weakness in the Joybird brand, which saw sales decline 14%. La-Z-Boy reported diluted earnings per share of $0.44, compared to $0.61 per share a year ago. The Street was looking for earnings of $0.52 per share. La-Z-Boy's guidance also came in lighter than expected. It expects sales in the range of $510 million to $530 million in the fiscal second quarter. Wall Street was looking for $532 million, according to S&P Global Market Intelligence. Medtronic appoints 2 new board members, posts Q1 beat Irish medical device maker Medtronic (MDT) reported better-than-expected earnings for its fiscal first quarter on Monday. But the bigger story was the company's announcement that it would add two new directors to its board after activist investor Elliott Investment Management became one of its largest shareholders. Veteran med-tech executives John Groetelaars and Bill Jellison were appointed, the company said. Medtronic stock dropped over 3% in premarket trading. For the quarter, the company posted adjusted earnings of $1.26 per share, beating analysts' estimates for $1.23, according to S&P Global Market Intelligence. Revenue came in at $8.6 billion, above Wall Street's forecast of $8.4 billion. Read more here. Home Depot slightly misses Wall Street's mark in Q2 earnings, reiterates guidance Home Depot (HD) released its second-quarter earnings on Tuesday. Yahoo Finance's senior reporter Brooke DiPalma looks at the latest from the retail giant and how the US housing slump has impacted its bottom line. Read more here. China's Xpeng expects quarterly revenue to double on strong demand for its EVs Chinese electric vehicle maker Xpeng (XPEV) on Tuesday forecast third-quarter revenue would double. The company is betting on surging deliveries of its cars despite challenging economic conditions. The group's stock rose 0.6% in premarket trading on Tuesday. Reuters reports: Read more here. Xiaomi's revenue rises 31% after second EV fires up consumers Bloomberg News reports: Read more here. Palo Alto Networks stock pops on healthy earnings growth, guidance Palo Alto Networks (PANW) stock shot up 6% after hours after the company reported solid earnings and margin growth in its fiscal fourth quarter. The cybersecurity firm reported $2.54 billion in revenue in its fiscal fourth quarter (a 16% increase) and earnings per share of $0.95. Wall Street analysts expected revenue of $2.50 billion and earnings of $0.89 per share, according to S&P Global Market Intelligence. Shares of Palo Alto Networks are off by 10% over the past month due to a drawdown following the company's $25 billion acquisition of identity security solutions provider CyberArk. But guidance for full-year adjusted EPS of $3.75 to $3.85 also came in above expectations amid the deal. "Cybersecurity is a clear 2nd/3rd derivative play on the AI Revolution with PANW in the driver's seat to gain market/mind share in the cybersecurity landscape," Wedbush analyst Dan Ives wrote in a note ahead of earnings. Ives added, "the continued shift to the cloud [is] putting the company in a strong position to accelerate deal flow as more strategic enterprise AI projects take hold over the coming year." Goldman's Kostin says S&P 500 earnings surge past expectations Bloomberg reports: Read more here. Walmart, Target quarterly results on deck next week The focus turns to retailers next week as heavyweights Walmart (WMT), Target (TGT), Lowe's (LOW), and Home Depot (HD) report results. Investors will be listening for changes in consumer behavior as tariffs and inflation remain top concerns for households. Earlier this earnings season, Amazon CEO Andy Jassy noted that the company wasn't seeing diminishing demand or meaningful price increases. Similarly, Mastercard CEO Michael Miebach said consumer spending remains healthy. However, recent data showed retail sales rose by less than expected in July. And some companies, particularly fast-casual restaurants, noted their customers were pulling back. With that mixed picture in the backdrop, the earnings calendar next week should provide additional insights from some of the big brands Americans shop. Here's what's on deck: Monday Palo Alto Networks (PANW), Blink Charging (BLNK) Tuesday Home Depot, Xpeng (XPEV), Medtronic (MDT), La-Z-Boy (LZB), Toll Brothers (TOL) Wednesday Target, Lowe's, Baidu (BIDU), TJX Companies (TJX), Estée Lauder (EL) Thursday Walmart, Intuit (INTU), Zoom Communications (ZM), Workday (WDAY), Ross Stores (ROST) Friday BJ's Wholesale (BJ) With Nvidia's Q2 earnings in sight, Trump deal could boost outlook Nvidia's (NVDA) deal with President Trump to give the US government a 15% cut of H20 chip revenue in China adds an interesting wrinkle to the company's earnings. China has responded by urging companies not to use the chips. Yahoo Finance's Daniel Howley writes that the payment, which could face legal challenges, won't show up in Nvidia's Q2 report but could boost its Q3 outlook if the administration moves quickly. Howley notes: Read more here. McGraw Hill posts profitable quarter in first post-IPO earnings report McGraw Hill (MH) stock gained 2% after reporting its first quarterly results since going public. It traded around $13.61 on Thursday afternoon. In July, shares opened at $17 apiece in the company's IPO. Total revenue increased 2.4% year over year to $535.7 million. The education solutions company also swung to a $0.5 million profit, compared to its $9.4 million loss a year ago. Market share gains, enrollment, and continued demand for digital learning solutions fueled the higher education business, which saw revenue jump 14.1% year over year. Revenue for the K-12 segment, however, declined 1.4%. These two business units make up the bulk of McGraw Hill's business. The smaller international business noted weakness, with an 11.7% decrease in revenue, while sales in the global professional business held steady. For 2026, McGraw Hill sees revenue in a range of $1.98 billion to $2.04 billion. Listen to the earnings call here. Quantum Computing stock slips as losses accelerate Quantum Computing (QUBT) CEO Yuping Huang said that the company continued to make progress in growing commercial traction in the second quarter, but the industry is still focused on reaching technology milestones. Second quarter revenue totaled approximately $61,000, compared to $183,000 in the same period a year ago. The company reported a net loss of $36.5 million, or $0.26 per share. In Q2 2024, Quantum Computing posted a net loss of $5.2 million, or $0.06 per share. Quantum Computing stock fell 2.3% after hours in what's been a whipsaw year for quantum stocks. In June, the stock spiked 25% in one day after Nvidia CEO Jensen Huang said quantum computing "is reaching an inflection point." But the industry is still in its infancy. The other big quantum player, Rigetti Computing (RGTI), reported a technology breakthrough in its recent results but also big losses. "We are talking of a market that's hundreds of billions of dollars a decade or two from now," Rigetti CEO Subodh Kulkarni told Market Domination Overtime. "But right now, we are clearly in the R&D stage. We clearly need to perfect the technology to get to that big milestone in about four years, which we call quantum advantage." Read more about quantum computing here. Applied Materials stock sinks as policy uncertainty weighs on Q4 guidance Applied Materials (AMAT) recorded an earnings beat for the July quarter but said that the "dynamic" policy environment is creating uncertainty for the business. That led the chip equipment maker to issue a revenue forecast of $6.7 billion for the fourth quarter, below what the Street was expecting. 'We are expecting a decline in revenue in the fourth quarter driven by both digestion of capacity in China and nonlinear demand from leading-edge customers given market concentration and fab timing,' CFO Brice Hill said. 'We are navigating and adapting to the near-term uncertainties by leveraging our robust supply chain, global manufacturing footprint and deep customer relationships.' The company, whose clients include Taiwan Semiconductor and Intel, posted record revenue of $7.30 billion in Q3, up 8% year over year, surpassing estimates for $7.2 billion. Earnings per share of $2.48 also beat estimates by $0.12. Applied Materials stock fell 11% in after-hours trading. Read more here. Earnings and revenue beats lift Dillard's stock Dillard's (DDS) stock rose 7% on Thursday after the department store chain reported revenue and profit beats for the quarter. Net income fell to $72.8 million compared to $74.5 million a year ago, but earnings per share rose $0.07 year over year after the Arkansas-based company bought back stock. Revenue of $1.53 billion beat Wall Street estimates of $1.52 billion, according to S&P Global Market Intelligence. Earnings per share of $4.66 also topped estimates of $4.00 per share. Total retail sales were flat, with strength in juniors' and children's apparel as well as ladies' accessories and lingerie. The weakest performing category was home and furniture. Other major retailers, including Walmart (WMT), Target (TGT), and Macy's (M), will report second quarter results in the coming weeks, providing a more in-depth look into consumer spending habits. Dillard's stock is up 23% year to date. It has climbed 78% since its April 8 low. Target (TGT) released its second quarter results on Wednesday. The results are not as bad as the first quarter but declining sales has the retail giant in a bit of a bind. Shares in target fell 8% before the bell Yahoo Finance's executive editor Brian Sozzi looks at the latest from Target and whether it will ever find its place in this new economic environment. Read more here. Walmart earnings expected to show US sales growth continued in Q2 as consumers seek value Walmart (WMT) will report quarterly results Thursday morning before the bell, following on the heels of Target (TGT) earnings Wednesday, which sent shares of the retailer 6% lower. But Walmart is expected to highlight another robust quarter, Yahoo Finance's Brooke DiPalma writes, as consumers search for value amid tariff-related uncertainty. Brooke previews what to look for in Walmart's earnings: Read more here. Walmart (WMT) will report quarterly results Thursday morning before the bell, following on the heels of Target (TGT) earnings Wednesday, which sent shares of the retailer 6% lower. But Walmart is expected to highlight another robust quarter, Yahoo Finance's Brooke DiPalma writes, as consumers search for value amid tariff-related uncertainty. Brooke previews what to look for in Walmart's earnings: Read more here. TJX Companies shares rise after earnings beat and raise TJ Maxx parent TJX Companies (TJX) beat sales and profit estimates for the second quarter and raised its annual profit forecast, boosting shares in premarket trading. Reuters reports: Read more here. TJ Maxx parent TJX Companies (TJX) beat sales and profit estimates for the second quarter and raised its annual profit forecast, boosting shares in premarket trading. Reuters reports: Read more here. Lowe's stock rises after same-store sales return to growth Lowe's (LOW) stock popped in premarket trading on Wednesday after the home improvement retailer reported a return to same-store sales growth, earnings beat, and raised its guidance. Yahoo Finance's Brooke DiPalma reports: Read more here. Lowe's (LOW) stock popped in premarket trading on Wednesday after the home improvement retailer reported a return to same-store sales growth, earnings beat, and raised its guidance. Yahoo Finance's Brooke DiPalma reports: Read more here. Baidu quarterly revenue falls as weak ads offset cloud growth Reuters reports: Read more here. Reuters reports: Read more here. Estee Lauder forecasts annual profit below estimates as tariffs hit Estee Lauder (EL) stock fell 8% before the bell on Wednesday after the beauty group forecast annual profit below Wall Street estimates, as it grapples with persistent weakness in the US and China markets and tariff uncertainty. Reuters reports: Read more here. Estee Lauder (EL) stock fell 8% before the bell on Wednesday after the beauty group forecast annual profit below Wall Street estimates, as it grapples with persistent weakness in the US and China markets and tariff uncertainty. Reuters reports: Read more here. Toll Brothers beats on earnings, but new orders decline 4% Toll Brothers (TOL) reported another double beat in its fiscal third quarter, but a slowdown in new orders weighed on the stock, which drifted 1.6% lower after hours. The homebuilder posted diluted earnings per share of $3.73 on home sale revenue of $2.88 billion. Wall Street analysts were expecting earnings per share of $3.64 on revenue of $2.85 billion. After a sluggish spring season in the housing market, there have been signs of a resurgence, with housing starts jumping in July. But mortgage rates that have barely budged, ongoing economic uncertainty, and affordability challenges for buyers continue to weigh on the sector. For the quarter, Toll Brothers noted it had 2,388 units under signed contract, a 4% decline from a year ago. Analysts had expected orders growth. "The average sales price of new contracts was $1.0 million, up 4.5% year-over-year," CEO Douglas Yearley said in the earnings release. "Contract dollars were flat despite a 4% decline in units. While affordability pressures and uncertain economic conditions persist, we are pleased with the resilience of our luxury business and more affluent customer base." Toll Brothers (TOL) reported another double beat in its fiscal third quarter, but a slowdown in new orders weighed on the stock, which drifted 1.6% lower after hours. The homebuilder posted diluted earnings per share of $3.73 on home sale revenue of $2.88 billion. Wall Street analysts were expecting earnings per share of $3.64 on revenue of $2.85 billion. After a sluggish spring season in the housing market, there have been signs of a resurgence, with housing starts jumping in July. But mortgage rates that have barely budged, ongoing economic uncertainty, and affordability challenges for buyers continue to weigh on the sector. For the quarter, Toll Brothers noted it had 2,388 units under signed contract, a 4% decline from a year ago. Analysts had expected orders growth. "The average sales price of new contracts was $1.0 million, up 4.5% year-over-year," CEO Douglas Yearley said in the earnings release. "Contract dollars were flat despite a 4% decline in units. While affordability pressures and uncertain economic conditions persist, we are pleased with the resilience of our luxury business and more affluent customer base." La-Z-Boy stock drops on soft earnings and guidance La-Z-Boy stock (LZB) dropped 16% in after-hours trading after the company missed earnings estimates and navigated "soft industry demand." Overall, comparable sales dropped 1% to $492 million from a year ago. Sales in the furniture retailer's wholesale segment increased 1%, and retail sales rose 5%, but they were offset by weakness in the Joybird brand, which saw sales decline 14%. La-Z-Boy reported diluted earnings per share of $0.44, compared to $0.61 per share a year ago. The Street was looking for earnings of $0.52 per share. La-Z-Boy's guidance also came in lighter than expected. It expects sales in the range of $510 million to $530 million in the fiscal second quarter. Wall Street was looking for $532 million, according to S&P Global Market Intelligence. La-Z-Boy stock (LZB) dropped 16% in after-hours trading after the company missed earnings estimates and navigated "soft industry demand." Overall, comparable sales dropped 1% to $492 million from a year ago. Sales in the furniture retailer's wholesale segment increased 1%, and retail sales rose 5%, but they were offset by weakness in the Joybird brand, which saw sales decline 14%. La-Z-Boy reported diluted earnings per share of $0.44, compared to $0.61 per share a year ago. The Street was looking for earnings of $0.52 per share. La-Z-Boy's guidance also came in lighter than expected. It expects sales in the range of $510 million to $530 million in the fiscal second quarter. Wall Street was looking for $532 million, according to S&P Global Market Intelligence. Medtronic appoints 2 new board members, posts Q1 beat Irish medical device maker Medtronic (MDT) reported better-than-expected earnings for its fiscal first quarter on Monday. But the bigger story was the company's announcement that it would add two new directors to its board after activist investor Elliott Investment Management became one of its largest shareholders. Veteran med-tech executives John Groetelaars and Bill Jellison were appointed, the company said. Medtronic stock dropped over 3% in premarket trading. For the quarter, the company posted adjusted earnings of $1.26 per share, beating analysts' estimates for $1.23, according to S&P Global Market Intelligence. Revenue came in at $8.6 billion, above Wall Street's forecast of $8.4 billion. Read more here. Irish medical device maker Medtronic (MDT) reported better-than-expected earnings for its fiscal first quarter on Monday. But the bigger story was the company's announcement that it would add two new directors to its board after activist investor Elliott Investment Management became one of its largest shareholders. Veteran med-tech executives John Groetelaars and Bill Jellison were appointed, the company said. Medtronic stock dropped over 3% in premarket trading. For the quarter, the company posted adjusted earnings of $1.26 per share, beating analysts' estimates for $1.23, according to S&P Global Market Intelligence. Revenue came in at $8.6 billion, above Wall Street's forecast of $8.4 billion. Read more here. Home Depot slightly misses Wall Street's mark in Q2 earnings, reiterates guidance Home Depot (HD) released its second-quarter earnings on Tuesday. Yahoo Finance's senior reporter Brooke DiPalma looks at the latest from the retail giant and how the US housing slump has impacted its bottom line. Read more here. Home Depot (HD) released its second-quarter earnings on Tuesday. Yahoo Finance's senior reporter Brooke DiPalma looks at the latest from the retail giant and how the US housing slump has impacted its bottom line. Read more here. China's Xpeng expects quarterly revenue to double on strong demand for its EVs Chinese electric vehicle maker Xpeng (XPEV) on Tuesday forecast third-quarter revenue would double. The company is betting on surging deliveries of its cars despite challenging economic conditions. The group's stock rose 0.6% in premarket trading on Tuesday. Reuters reports: Read more here. Chinese electric vehicle maker Xpeng (XPEV) on Tuesday forecast third-quarter revenue would double. The company is betting on surging deliveries of its cars despite challenging economic conditions. The group's stock rose 0.6% in premarket trading on Tuesday. Reuters reports: Read more here. Xiaomi's revenue rises 31% after second EV fires up consumers Bloomberg News reports: Read more here. Bloomberg News reports: Read more here. Palo Alto Networks stock pops on healthy earnings growth, guidance Palo Alto Networks (PANW) stock shot up 6% after hours after the company reported solid earnings and margin growth in its fiscal fourth quarter. The cybersecurity firm reported $2.54 billion in revenue in its fiscal fourth quarter (a 16% increase) and earnings per share of $0.95. Wall Street analysts expected revenue of $2.50 billion and earnings of $0.89 per share, according to S&P Global Market Intelligence. Shares of Palo Alto Networks are off by 10% over the past month due to a drawdown following the company's $25 billion acquisition of identity security solutions provider CyberArk. But guidance for full-year adjusted EPS of $3.75 to $3.85 also came in above expectations amid the deal. "Cybersecurity is a clear 2nd/3rd derivative play on the AI Revolution with PANW in the driver's seat to gain market/mind share in the cybersecurity landscape," Wedbush analyst Dan Ives wrote in a note ahead of earnings. Ives added, "the continued shift to the cloud [is] putting the company in a strong position to accelerate deal flow as more strategic enterprise AI projects take hold over the coming year." Palo Alto Networks (PANW) stock shot up 6% after hours after the company reported solid earnings and margin growth in its fiscal fourth quarter. The cybersecurity firm reported $2.54 billion in revenue in its fiscal fourth quarter (a 16% increase) and earnings per share of $0.95. Wall Street analysts expected revenue of $2.50 billion and earnings of $0.89 per share, according to S&P Global Market Intelligence. Shares of Palo Alto Networks are off by 10% over the past month due to a drawdown following the company's $25 billion acquisition of identity security solutions provider CyberArk. But guidance for full-year adjusted EPS of $3.75 to $3.85 also came in above expectations amid the deal. "Cybersecurity is a clear 2nd/3rd derivative play on the AI Revolution with PANW in the driver's seat to gain market/mind share in the cybersecurity landscape," Wedbush analyst Dan Ives wrote in a note ahead of earnings. Ives added, "the continued shift to the cloud [is] putting the company in a strong position to accelerate deal flow as more strategic enterprise AI projects take hold over the coming year." Goldman's Kostin says S&P 500 earnings surge past expectations Bloomberg reports: Read more here. Bloomberg reports: Read more here. Walmart, Target quarterly results on deck next week The focus turns to retailers next week as heavyweights Walmart (WMT), Target (TGT), Lowe's (LOW), and Home Depot (HD) report results. Investors will be listening for changes in consumer behavior as tariffs and inflation remain top concerns for households. Earlier this earnings season, Amazon CEO Andy Jassy noted that the company wasn't seeing diminishing demand or meaningful price increases. Similarly, Mastercard CEO Michael Miebach said consumer spending remains healthy. However, recent data showed retail sales rose by less than expected in July. And some companies, particularly fast-casual restaurants, noted their customers were pulling back. With that mixed picture in the backdrop, the earnings calendar next week should provide additional insights from some of the big brands Americans shop. Here's what's on deck: Monday Palo Alto Networks (PANW), Blink Charging (BLNK) Tuesday Home Depot, Xpeng (XPEV), Medtronic (MDT), La-Z-Boy (LZB), Toll Brothers (TOL) Wednesday Target, Lowe's, Baidu (BIDU), TJX Companies (TJX), Estée Lauder (EL) Thursday Walmart, Intuit (INTU), Zoom Communications (ZM), Workday (WDAY), Ross Stores (ROST) Friday BJ's Wholesale (BJ) The focus turns to retailers next week as heavyweights Walmart (WMT), Target (TGT), Lowe's (LOW), and Home Depot (HD) report results. Investors will be listening for changes in consumer behavior as tariffs and inflation remain top concerns for households. Earlier this earnings season, Amazon CEO Andy Jassy noted that the company wasn't seeing diminishing demand or meaningful price increases. Similarly, Mastercard CEO Michael Miebach said consumer spending remains healthy. However, recent data showed retail sales rose by less than expected in July. And some companies, particularly fast-casual restaurants, noted their customers were pulling back. With that mixed picture in the backdrop, the earnings calendar next week should provide additional insights from some of the big brands Americans shop. Here's what's on deck: Monday Palo Alto Networks (PANW), Blink Charging (BLNK) Tuesday Home Depot, Xpeng (XPEV), Medtronic (MDT), La-Z-Boy (LZB), Toll Brothers (TOL) Wednesday Target, Lowe's, Baidu (BIDU), TJX Companies (TJX), Estée Lauder (EL) Thursday Walmart, Intuit (INTU), Zoom Communications (ZM), Workday (WDAY), Ross Stores (ROST) Friday BJ's Wholesale (BJ) With Nvidia's Q2 earnings in sight, Trump deal could boost outlook Nvidia's (NVDA) deal with President Trump to give the US government a 15% cut of H20 chip revenue in China adds an interesting wrinkle to the company's earnings. China has responded by urging companies not to use the chips. Yahoo Finance's Daniel Howley writes that the payment, which could face legal challenges, won't show up in Nvidia's Q2 report but could boost its Q3 outlook if the administration moves quickly. Howley notes: Read more here. Nvidia's (NVDA) deal with President Trump to give the US government a 15% cut of H20 chip revenue in China adds an interesting wrinkle to the company's earnings. China has responded by urging companies not to use the chips. Yahoo Finance's Daniel Howley writes that the payment, which could face legal challenges, won't show up in Nvidia's Q2 report but could boost its Q3 outlook if the administration moves quickly. Howley notes: Read more here. McGraw Hill posts profitable quarter in first post-IPO earnings report McGraw Hill (MH) stock gained 2% after reporting its first quarterly results since going public. It traded around $13.61 on Thursday afternoon. In July, shares opened at $17 apiece in the company's IPO. Total revenue increased 2.4% year over year to $535.7 million. The education solutions company also swung to a $0.5 million profit, compared to its $9.4 million loss a year ago. Market share gains, enrollment, and continued demand for digital learning solutions fueled the higher education business, which saw revenue jump 14.1% year over year. Revenue for the K-12 segment, however, declined 1.4%. These two business units make up the bulk of McGraw Hill's business. The smaller international business noted weakness, with an 11.7% decrease in revenue, while sales in the global professional business held steady. For 2026, McGraw Hill sees revenue in a range of $1.98 billion to $2.04 billion. Listen to the earnings call here. McGraw Hill (MH) stock gained 2% after reporting its first quarterly results since going public. It traded around $13.61 on Thursday afternoon. In July, shares opened at $17 apiece in the company's IPO. Total revenue increased 2.4% year over year to $535.7 million. The education solutions company also swung to a $0.5 million profit, compared to its $9.4 million loss a year ago. Market share gains, enrollment, and continued demand for digital learning solutions fueled the higher education business, which saw revenue jump 14.1% year over year. Revenue for the K-12 segment, however, declined 1.4%. These two business units make up the bulk of McGraw Hill's business. The smaller international business noted weakness, with an 11.7% decrease in revenue, while sales in the global professional business held steady. For 2026, McGraw Hill sees revenue in a range of $1.98 billion to $2.04 billion. Listen to the earnings call here. Quantum Computing stock slips as losses accelerate Quantum Computing (QUBT) CEO Yuping Huang said that the company continued to make progress in growing commercial traction in the second quarter, but the industry is still focused on reaching technology milestones. Second quarter revenue totaled approximately $61,000, compared to $183,000 in the same period a year ago. The company reported a net loss of $36.5 million, or $0.26 per share. In Q2 2024, Quantum Computing posted a net loss of $5.2 million, or $0.06 per share. Quantum Computing stock fell 2.3% after hours in what's been a whipsaw year for quantum stocks. In June, the stock spiked 25% in one day after Nvidia CEO Jensen Huang said quantum computing "is reaching an inflection point." But the industry is still in its infancy. The other big quantum player, Rigetti Computing (RGTI), reported a technology breakthrough in its recent results but also big losses. "We are talking of a market that's hundreds of billions of dollars a decade or two from now," Rigetti CEO Subodh Kulkarni told Market Domination Overtime. "But right now, we are clearly in the R&D stage. We clearly need to perfect the technology to get to that big milestone in about four years, which we call quantum advantage." Read more about quantum computing here. Quantum Computing (QUBT) CEO Yuping Huang said that the company continued to make progress in growing commercial traction in the second quarter, but the industry is still focused on reaching technology milestones. Second quarter revenue totaled approximately $61,000, compared to $183,000 in the same period a year ago. The company reported a net loss of $36.5 million, or $0.26 per share. In Q2 2024, Quantum Computing posted a net loss of $5.2 million, or $0.06 per share. Quantum Computing stock fell 2.3% after hours in what's been a whipsaw year for quantum stocks. In June, the stock spiked 25% in one day after Nvidia CEO Jensen Huang said quantum computing "is reaching an inflection point." But the industry is still in its infancy. The other big quantum player, Rigetti Computing (RGTI), reported a technology breakthrough in its recent results but also big losses. "We are talking of a market that's hundreds of billions of dollars a decade or two from now," Rigetti CEO Subodh Kulkarni told Market Domination Overtime. "But right now, we are clearly in the R&D stage. We clearly need to perfect the technology to get to that big milestone in about four years, which we call quantum advantage." Read more about quantum computing here. Applied Materials stock sinks as policy uncertainty weighs on Q4 guidance Applied Materials (AMAT) recorded an earnings beat for the July quarter but said that the "dynamic" policy environment is creating uncertainty for the business. That led the chip equipment maker to issue a revenue forecast of $6.7 billion for the fourth quarter, below what the Street was expecting. 'We are expecting a decline in revenue in the fourth quarter driven by both digestion of capacity in China and nonlinear demand from leading-edge customers given market concentration and fab timing,' CFO Brice Hill said. 'We are navigating and adapting to the near-term uncertainties by leveraging our robust supply chain, global manufacturing footprint and deep customer relationships.' The company, whose clients include Taiwan Semiconductor and Intel, posted record revenue of $7.30 billion in Q3, up 8% year over year, surpassing estimates for $7.2 billion. Earnings per share of $2.48 also beat estimates by $0.12. Applied Materials stock fell 11% in after-hours trading. Read more here. Applied Materials (AMAT) recorded an earnings beat for the July quarter but said that the "dynamic" policy environment is creating uncertainty for the business. That led the chip equipment maker to issue a revenue forecast of $6.7 billion for the fourth quarter, below what the Street was expecting. 'We are expecting a decline in revenue in the fourth quarter driven by both digestion of capacity in China and nonlinear demand from leading-edge customers given market concentration and fab timing,' CFO Brice Hill said. 'We are navigating and adapting to the near-term uncertainties by leveraging our robust supply chain, global manufacturing footprint and deep customer relationships.' The company, whose clients include Taiwan Semiconductor and Intel, posted record revenue of $7.30 billion in Q3, up 8% year over year, surpassing estimates for $7.2 billion. Earnings per share of $2.48 also beat estimates by $0.12. Applied Materials stock fell 11% in after-hours trading. Read more here. Earnings and revenue beats lift Dillard's stock Dillard's (DDS) stock rose 7% on Thursday after the department store chain reported revenue and profit beats for the quarter. Net income fell to $72.8 million compared to $74.5 million a year ago, but earnings per share rose $0.07 year over year after the Arkansas-based company bought back stock. Revenue of $1.53 billion beat Wall Street estimates of $1.52 billion, according to S&P Global Market Intelligence. Earnings per share of $4.66 also topped estimates of $4.00 per share. Total retail sales were flat, with strength in juniors' and children's apparel as well as ladies' accessories and lingerie. The weakest performing category was home and furniture. Other major retailers, including Walmart (WMT), Target (TGT), and Macy's (M), will report second quarter results in the coming weeks, providing a more in-depth look into consumer spending habits. Dillard's stock is up 23% year to date. It has climbed 78% since its April 8 low. Dillard's (DDS) stock rose 7% on Thursday after the department store chain reported revenue and profit beats for the quarter. Net income fell to $72.8 million compared to $74.5 million a year ago, but earnings per share rose $0.07 year over year after the Arkansas-based company bought back stock. Revenue of $1.53 billion beat Wall Street estimates of $1.52 billion, according to S&P Global Market Intelligence. Earnings per share of $4.66 also topped estimates of $4.00 per share. Total retail sales were flat, with strength in juniors' and children's apparel as well as ladies' accessories and lingerie. The weakest performing category was home and furniture. Other major retailers, including Walmart (WMT), Target (TGT), and Macy's (M), will report second quarter results in the coming weeks, providing a more in-depth look into consumer spending habits. Dillard's stock is up 23% year to date. It has climbed 78% since its April 8 low.
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Itron and Fiji Water Utility Collaborate on First Smart Metering Deployment in the Fiji Islands
Water Authority of Fiji Upgrades Existing Infrastructure to Improve Water Operations LIBERTY LAKE, Wash., Aug. 20, 2025 (GLOBE NEWSWIRE) -- Itron, Inc. (NASDAQ: ITRI), which is innovating new ways for utilities and cities to manage energy and water, and Itron technology partner, Pacific Technologies, are working together with Fiji's primary water utility, the Water Authority of Fiji (WAF), on the first smart metering deployment in the Fiji Islands. The meters are part of Itron's smart water solution, which WAF is deploying to enable digital upgrades to its infrastructure and operations, and to help advance WAF's goal of providing sustainable, cost-effective, efficient and reliable water and sanitation services to its customers. Deployment is currently underway and began in May 2025 and is projected to finish in Q3 2025. Deploying Itron's smart water solution aligns with WAF's Water Sector Strategy 2050, which outlines five key outcomes the utility is striving to achieve by 2050: clean water, safe sanitation, livability and sustainability, financial sustainability and skilled workforce. Among the hurdles to achieving these outcomes is aging infrastructure and reducing non-revenue water, which WAF estimates is 47% of the water it produces/treats. WAF is upgrading its existing meters to Itron mechanical meters affixed with Itron's Cyble communications modules, transforming them into smart meters. The Cyble module has a simple, clip-on design that requires no wiring or wall mounting, making it an efficient and cost-effective solution for the utility to modernize its water operations. Data from the smart meters will be collected via drive by using Temetra, Itron's globally adopted, cloud-based, multi-vendor, multi-commodity meter data management solution. The Temetra solution will enable the utility to collect and store water consumption data, eliminating the need for manual meter reading. Data can be easily accessed at future dates if billing concerns arise. Itron's Cyble modules, coupled with Itron's Temetra solution, will help address the challenge of reducing non-revenue water by providing insights and advanced data analytics to identify both real and apparent water losses across its infrastructure. The Temetra solution will also seamlessly integrate with WAF's existing technologies, offering a comprehensive view of the utility's water infrastructure across the islands. The integration will provide WAF with a holistic view of its water network and enable the utility to identify water inefficiencies. 'We have a long-term vision for the future of water in Fiji. Step by step, we are striving to improve water operations and create a resilient and reliable water network. One key benefit of deploying Itron's Cyble module is that it's scalable. This allows us to expand our smart metering program gradually, based on our priorities and budget,' said Josateki Sivo, head of customer metering and installation at Water Authority of Fiji. 'This is a monumental milestone as we continue to pursue our WAF Water Sector Strategy 2050. The simplicity of the installation will enable us to quickly see benefits, including reducing and identifying non-revenue water loss and we look forward to deploying this effective solution across the Pacific Region' said Danish Khalil, general manager of Pacific Technologies (New Zealand) Limited. 'We look forward to working together with Pacific Technologies and Itron and empowering our customers with water consumption information.' 'Operating on an island surrounded by the South Pacific Ocean, WAF's infrastructure is exposed to fine droplets of seawater that are released into the air and carried inland. This salt spray can cause corrosion on metals. Fortunately, Itron's smart water solution is built to withstand these harsh conditions. Our Cyble module can handle a range of diverse environments and is resistant to corrosion, contaminants and temperature, helping WAF reduce long-term maintenance costs and avoid frequent meter or module replacements,' said Justin Patrick, senior vice president of Device Solutions at Itron. 'This deployment provides a practical model for smart water management, enabling WAF to upgrade its network at its own pace. We look forward to working together and helping WAF advance its digitalization journey.' About Itron Itron is a proven global leader in energy, water, smart city, IIoT and intelligent infrastructure services. For utilities, cities and society, we build innovative systems, create new efficiencies, connect communities, encourage conservation and increase resourcefulness. By safeguarding our invaluable natural resources today and tomorrow, we improve the quality of life for people around the world. Join us: Itron®, the Itron Logo, Temetra, and Cyble are registered trademarks of Itron, Inc in the United States and/or other countries and regions. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated. For additional information, contact: Itron, Inc. Alison MallahanSenior Manager, Corporate Communications509-891-3802PR@ Paul VincentVice President, Investor Relations512-560-1172Investors@ Itron, Inc. LinkedIn: X: Newsroom: Blog:
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New Chip Deals Are Starting to Look More Sticks Than Carrots. What That Means for Chipmakers
Key Takeaways Commerce Secretary Howard Lutnick said the Trump administration is exploring how the U.S. could receive equity stakes in semiconductor companies with CHIPS Act grants. Such deals could extend to Micron, Taiwan Semiconductor, and Samsung, along with Intel. Though the Trump administration appears to have made inroads with embattled chipmaker Intel, Wall Street analysts suggested swaying others might require better terms. Chip stocks fell Wednesday, amid a broader decline in the tech sector. Wall Street could be starting to sour on the terms of new deals in the works for chipmakers. While investors first appeared sanguine about the White House's steps to become more involved in chipmakers' businesses in an effort to boost America's manufacturing capabilities, analysts' opinions have started to turn as more details about potential deal terms emerge. The PHLX Semiconductor Index (SOX) fell close to 1% Wednesday amid broader tech losses, extending declines yesterday. Intel (INTC), Micron Technology (MU), and Taiwan Semiconductor Manufacturing Company (TSM), were among the biggest decliners in the index—the latest companies to land in policy crosshairs. Commerce Secretary Howard Lutnick said in an interview with CNBC yesterday that along with Intel, the U.S. government could look to take equity stakes in other semiconductor firms in exchange for CHIPS Act funding. Those companies could include Micron, TSMC, and Samsung, according to Reuters. The White House did not immediately respond to an emailed query about the development, nor did Micron, TSMC, and Samsung. "We see this potential outcome as negative for the broader U.S. semi landscape and specifically bad for the companies that might be directly affected by this shift in policy," Wedbush analysts Matt Bryson and Antoine Legault wrote in a Wednesday report. The carrot could now appear to be more stick. Whereas the CHIPS Act, signed into law in 2022, incentivized chip production in the U.S. with funding, "changing these grants to ownership stakes effectively destroys this economic benefit," Wedbush said. "Not to mention, such a result would necessarily be unexpectedly dilutive to shareholders of the affected firms." Bernstein analysts in a note Tuesday similarly observed that Intel giving up 10% of the company for money that was supposed to be "free," albeit tied to some milestone-based requirements, "seems worse." Though the Trump administration appears to have made inroads with embattled chipmaker Intel, swaying others might require better terms. Relative to Intel's CHIPS awards, grants given to Micron, Samsung, and TSMC are relatively smaller as a percentage of market cap, or roughly 4% or less, according to Bernstein. "If presented with such a bargain however, we wonder how many of these companies might simply just say 'no.'" Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
