RBC Capital downgraded Spectrum Brands from Outperform to Sector Perform on August 10, 2026, despite the company reporting strong Q3 fiscal 2026 results. Spectrum Brands saw a 7.7% increase in net sales to $753.3 million and a 125% rise in adjusted earnings per share to $2.79, surpassing estimates. The stock recently reached a 52-week high of $99.06. The downgrade suggests analysts expect the stock to perform in line with its sector despite the strong financial performance and raised EBITDA outlook.
Ethereum maintained strong support around $2,760 after a 14% weekly rally, boosted by $413.8 million inflows into U.S. spot Ethereum ETFs over two days. Large holders and BitMine expanded their ETH holdings significantly, signaling confidence. Techni...
Magellan Aerospace reported a strong second quarter with 22.3% revenue growth and significant margin expansion, reinforcing a strong buy rating. Despite negative free cash flow due to working capital and higher capital expenditures, the company’s div...
Bitcoin is entering a more mature bull cycle expected to deliver gains of about 3 to 5 times, according to CryptoQuant founder Ki Young Ju. This cycle is marked by less extreme price swings compared to earlier Bitcoin cycles, which saw 10x rallies an...
Coinbase has introduced a new fixed-rate borrowing option for USDC loans secured by bitcoin collateral through its integration with Morpho Midnight on the Base network. This allows users to access liquidity without selling their bitcoin, offering tra...
The S&P 500 reached new all-time highs during the second quarter of 2026, continuing a strong rally that has characterized much of the year. However, the index experienced some pullback heading into September due to rising oil prices and Treasury yie...
