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Research Alert: Rockwell Automation Lifts Outlook As Software Strength Powers Q2 Fy 26 Beat

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-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

Rockwell Automation (ROK) delivered Q2 FY 26 (Sep.) results well above expectations, with sales reaching $2.2B (+12% Y/Y, +9% organic) and operating EPS of $3.30 (+32% Y/Y) vs. the consensus forecast of $2.88. The strong performance stemmed from operational execution and broad-based demand recovery in key business segments. Software & Control remained the growth engine, generating $684M in sales (+20% Y/Y) with operating margin expanding to an impressive 34.9% from 30.1% in the prior year, while Intelligent Devices hit $1B in sales (+13% Y/Y) with margin improving to 20.9% from 17.7%. ROK raised FY 26 EPS guidance to $12.50-$13.10 from $11.40-$12.20, reflecting a firming growth backdrop and increased confidence. The company sees solid momentum in the warehouse automation, data center, semiconductor, and energy end markets, with the high-margin software business bolstering earnings quality through volume growth and strong price realization, as favorable mix tailwinds support overall profitability expansion.

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Mining & Metals

Bravo Mining Up 1.4% As Provides Latest Assays from Luanga Project in Brazil

Bravo Mining (BRVO.V) reported Tuesday assays from eight drill holes in the Central sector and newly tested Crescent zone at the Luanga palladium-platinum-rhodium-gold-nickel deposit in Brazil.Highlights include 70 meters at 1.9 grams per tonne platinum group metals and gold (PGM+Au) plus 0.28% nickel, including 20 m at 3.6 g/t PGM+Au plus 0.40% nickel, as well as 19 m at 3.2 g/t PGM+Au, and 8 m at 1.94% copper plus 0.6 g/t PGM+Au.The results continue to demonstrate potential to expand and upgrade Luanga's mineral resource, Bravo said, adding it has completed 400 drill holes to date, with results reported for 355 drill holes to date. Assays are pending for 37 holes."Infill drilling is consistently intercepting thicknesses and grades often comparable to, or exceeding results from, earlier drilling. Drill sections in this news release also demonstrate that grades continue to be consistent, with excellent continuity from hole to hole and section to section," said Luis Azevedo, Chairman and CEO. "We are also encouraged with positive results from the new Crescent Zone, a regional target outside Luanga's three main PGM sectors. The Crescent Zone was delineated through reinterpretation and relogging triggered by the completion of the 2025 geophysical surveys. We've also intercepted another encouraging copper occurrence (DDH26LU307) at the eastern end of the Crescent Zone that warrants further investigation."Shares in BRVO were up 1.4% in Canada at last look.Price: $3.55, Change: $+0.05, Percent Change: +1.43%

$BRVO.V
Oil & Energy

EMEA Oil Update: Oil Prices Edge Lower Despite US-Iran Firefight

Oil prices dipped on Tuesday as the US military launched Project Freedom to break the blockade of the Strait of Hormuz.Front-month Murban crude futures fell 1.2% to $106 per barrel, while Brent futures fell 2% to $112.06/bbl.However, the decline was sharply checked by a direct exchange of fire between US and Iranian forces and a drone strike on the UAE's Fujairah oil terminal, which shattered a month-long ceasefire and reignited fears of a prolonged global energy crisis, analysts said.Analysts noted that the oil market remains on high alert following breaking news of an attack on a US Navy vessel.The hostilities broke out as the US initiated a mission to extract commercial ships currently trapped within the Persian Gulf.While US Central Command reportedly confirmed that two American merchant ships successfully completed their transit through the Strait of Hormuz, a subsequent direct fire exchange between US and Iranian forces now endangers the survival of the ceasefire established four weeks ago.The regional fallout intensified as the UAE reported its first defensive interceptions of Iranian missiles and drones since the April 8 ceasefire began.However, one Iranian drone successfully struck an oil terminal at the Port of Fujairah, sparking a major fire at the facility.Record-breaking supply losses of 10 million barrels per day have already depleted global inventories, and experts warn that if the Strait remains obstructed, this energy crisis could extend through late 2026 and into 2027.

Research

Research Alert: Huntington Ingalls Posts Q1: Sales Growth Offset By Margin Pressure

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:HII reported Q1 revenues of $3.1B, up 13.4% Y/Y and 2.7% above consensus, though operating margin compressed 89 bps to 5.0% despite revenue growth. Q1 EPS of $3.79 matched the prior year and exceeded consensus by $0.08. The results underscore a tension we've been monitoring: while top-line growth validates the favorable demand environment, the path to achieving 9%-10% shipbuilding margin targets is proving more gradual than expected. Management reaffirmed FY26 guidance with shipbuilding revenues of $9.7B-$9.9B, operating margins of 5.5%-6.5% and FCF of $500M-$600M. Newport News drove growth with revenues up 19.3% to $1.7B, though segment margin declined 80 bps to 5.3% due to the absence of favorable Virginia-class contract adjustments. Free cash flow remained negative at $461M. We believe the pending Virginia Block VI and Columbia Build II contract awards remain critical catalysts, as these should incorporate current cost structures and enable better margin capture on future work.

$HII