Ituran Location and Control Ltd. announced record second-quarter 2026 revenue of $104.8 million, a 21% increase year-over-year, driven by a 25% rise in subscription revenue. Net income grew 29% to $17.3 million, and EBITDA increased 24% to $28.5 million, reflecting strong operating leverage. The company added 41,000 net subscribers, reaching 2.71 million, with growth across Israel and Latin America supported by OEM partnerships and new initiatives like IturanMob in the US. Ituran declared a $10 million dividend and continues to invest in growth areas, confident in sustained profitability for 2026.
VanEck Fabless Semiconductor ETF (SMHX) is rated a Buy due to its top holdings' strong positions across AI infrastructure, supporting robust revenue and free cash flow growth. The ETF's concentrated portfolio, with over 45% in NVIDIA, Broadcom, and A...
The Schwab U.S. Large Cap Value ETF (SCHV) is outperforming major U.S. indexes in 2026, driven by key holdings like Micron Technology and Berkshire Hathaway. Micron benefits from AI demand and trades at a discount to the S&P 500, supported by strong ...
Travis Kalanick, Uber's co-founder, is preparing to return to the ride-hailing industry through his new startup, Atoms, which focuses on robotaxi technology. Atoms recently secured $1.7 billion in funding and is recruiting autonomous vehicle engineer...
Solana announced that the ARB token is now available for trading on its network through Sunrise, offering traders another venue with claims of tighter spreads and lower fees. This development sparked a debate between Solana cofounder Anatoly Yakovenk...
First Solar (FSLR) has underperformed the S&P 500 since February despite positive policy support and steady guidance. The company's valuation, excluding a 45X outlier, is reasonable with EV/EBITDA between 20x-25x, and both revenue and profit margins ...
