Simon Property (SPG) Group Raised Its Outlook Again
Simon Property Group raised its full-year profit outlook after reporting stronger tenant sales and increased rental rates, though hedge fund ownership of the stock declined significantly.
Targa Resources (TRGP) Set a Record Quarter and Then Raised the Bar
Targa Resources reported record second-quarter adjusted EBITDA of $1.60 billion, up 38% year-over-year, driven by volume growth in Permian Basin natural gas and liquids processing.
80-year-old discount fashion chain closing 120 stores
The Cato Corporation, an 80-year-old discount fashion chain, plans to close 120 stores as it struggles against larger competitors like Ross Dress for Less and TJ Maxx amid consumer financial pressures.
Okta pops 20% after topping estimates as AI threat spikes demand for identity security
Okta’s shares surged 20% after the identity software provider topped fiscal second-quarter estimates, with revenue climbing 11% and AI-related deals driving significant new product adoption.
CrowdStrike jumps 11% on record second quarter as ‘Mythos moment’ drives AI cyber wave
CrowdStrike surged over 11% after reporting record fiscal second-quarter results, with revenue up 26% year-over-year as demand for AI security solutions intensifies.
Dell surges 9% after lifting fiscal 2027 forecast on AI server strength
Dell shares surged 9% after reporting fiscal second-quarter results and raising full-year guidance, driven by strong demand for AI infrastructure servers.