Tesla maintained its bitcoin holdings at 11,509 BTC through Q2 2026 despite a 14% bitcoin price drop, resulting in a $112 million after-tax impairment loss. The company reported mixed Q2 financial results, beating revenue estimates with $28.2 billion but missing profit expectations with adjusted EPS of $0.33. Tesla has not bought or sold bitcoin since 2022 and remains one of the largest public corporate bitcoin holders. The impairment loss reflects accounting rules requiring companies to recognize declines in digital asset values during the reporting period.
Jefferies increased the price target for Old National Bancorp to $27 from $26 following the bank's strong Q2 results. The bank reported record net income of $249.4 million and EPS of $0.65, surpassing analyst expectations. Key strengths include robus...
Morgan Stanley raised its price target for MGM Resorts International to $43 from $35 but maintained an "Underweight" rating, signaling expected underperformance. MGM is forecasted to report a year-over-year decline in earnings per share to $0.62 in i...
Iberdrola reported Q2 2026 earnings per share of $1.16, meeting analyst expectations, while revenue slightly missed forecasts at $11.92 billion. Despite this, the company achieved a 22% increase in first-half net profit to about $4.95 billion, driven...
West Pharmaceutical Services (WST) is seeing a positive outlook with rising analyst price targets and expected Q2 earnings beat due to high demand for biologics and GLP-1 drug components. The company’s stock has climbed nearly 33% year-to-date, refle...
Grindr Inc's stock rose 11.04% over the past month but declined 8.81% in the last 10 days, reaching a local low. Despite this recent drop, the stock has a strong growth potential of 23.37%, supported by a robust Piotroski Score of 8, indicating solid...
