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Georgia AG Launches Probe Into Roblox, Social Media Platforms

Georgia Attorney General Chris Carr said Friday on X his office is launching investigations into Roblox (RBLX) and social media platforms over child safety concerns."Roblox is a playground for predators, and social media platforms aren't any better," Carr said on X. "Big tech refuses to step up and do the right thing. That's why we're launching investigations & working closely with the Georgia House to keep kids safe online."Roblox didn't immediately reply to a request for comment from.Price: $36.98, Change: $+0.94, Percent Change: +2.61%

$RBLX

Wire1h ago

Restaurant Brands Q2 Mixed as Burger King Strength Offsets Tim Hortons, Popeyes Weakness, RBC Says

Restaurant Brands International (QSR) reported mixed Q2 results, with strong performances from Burger King and its international business offset by weaker-than-expected results at Tim Hortons and Popeyes, RBC Capital Markets said.The investment firm said in a Thursday note that Burger King and international same-store sales topped consensus estimates. Tim Hortons same-store sales rose 0.1%, below the Street's 1.1% estimate, while Popeyes same-store sales fell 5.1%, missing consensus by 0.8%.RBC said management attributed Tim Hortons' weakness to underperforming marketing campaigns and pushed back on concerns that Canada's macro environment would result in a prolonged low-growth backdrop.The investment firm said Burger King still has room for further growth through family traffic, store remodels and menu enhancements, adding that the brand remains in the early stages of improving consumer perception.RBC Capital Markets has an outperform rating and a $85 price target.Price: $74.04, Change: $+1.12, Percent Change: +1.53%

$QSR

Wire1h ago

StandardAero's Core Market Strength, Productivity Gains Drive Outlook, RBC Capital Markets Says

StandardAero's (SARO) raised full-year outlook is driven by core market strength, pricing, productivity gains, and progress on LEAP and CFM56 engine programs, RBC Capital Markets said in a note Friday.The company on Thursday increased its 2026 revenue and adjusted EBITDA outlook by $50 million and $7.5 million, while earnings per share was raised to $1.54 at the midpoint from $1.45 previously.The investment firm said the LEAP and CFM56 engine programs reached profitability in Q2 on account of improved throughput, expanded repair capabilities, and continued program scaling.Management expects $1 billion in annual revenue for LEAP by the end of the decade, with several billion dollars of revenue by the mid-2030s, according to the note.The firm also said it believes that capital allocation can be a catalyst for the company as it looks for more accretive mergers and acquisitions, and continues to repurchase shares.RBC maintained its outperform rating on the stock, and price target of $34.Shares of StandardAero were down 3.8% in Friday trading.Price: $28.87, Change: $-1.14, Percent Change: -3.78%

$SARO

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Top Midday Gainers

Doximity (DOCS) reported higher fiscal Q1 revenue late Thursday, beating consensus but adjusted earnings missed estimates. On the company's post-earnings conference call, per a FactSet transcript, Chief Executive Jeffrey Tangney said the revenue that Doximity's new AI search tool is generating is 10 times what it costs to run.Shares soared 33% amid a surge in intraday trading volume to over 43.1 million from a daily average of about 4.16 million.Airbnb's (ABNB) Q2 earnings and sales surpassed analysts' estimates, per results released late Thursday, amid the FIFA World Cup-led strong demand.Shares jumped 15%, with intraday trading volume rising to more than 10.6 million from the stock's daily average of about 3.8 million.Cloudflare (NET) shares jumped 7.4% amid heavy trading after the company reported overnight stronger-than-expected Q2 results and raised its 2026 guidance.More than 5.78 million shares of the company traded intraday compared with a daily average of about 3.84 million.Price: $27.45, Change: $+6.79, Percent Change: +32.87%

$ABNB$DOCS$NET

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Sweetgreen Faces Traffic Headwinds Amid Cyclospora Outbreak, RBC Says

Sweetgreen (SG) quantified notable Q3 same-store sales impact through July from the Cyclospora outbreak, even though the company is not directly affected, as consumers show broader aversion to fresh produce, RBC Capital Markets said in a note Friday.The firm said the impact from a jalapeno recall issued the day before the earnings call is not reflected in guidance.RBC said wraps have been less incremental than expected, with the national rollout underperforming test markets as stronger results in higher brand awareness markets like New York failed to translate systemwide.The firm also noted 2027 unit growth coming down, with the company's guidance at or below 2026's 13 net adds, below Street estimates of 16.RBC lowered its Q3 same-store sales estimates by 600 basis points citing less traffic from the Cyclospora outbreak and Q4 estimates by 450 basis points on continued traffic headwinds.RBC maintained its outperform rating on the stock but lowered its price target to $6.50 from $7.00.Price: $5.39, Change: $-0.48, Percent Change: -8.18%

$SG

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Energy Vault Signs Deal to Deploy 1.25 GW AI Power Infrastructure in Texas

Energy Vault (NRGV) said Friday it signed a commercial agreement to deploy 1.25 gigawatts of integrated power infrastructure for hyperscaler AI data centers, with the initial deployment backed by a customer contract in Texas.The deployment will combine Energy Vault's battery energy storage systems, grid-forming power conversion systems and artificial AI control software with a partner's turnkey power generation and engineering, procurement and construction capabilities to provide grid-independent power for AI data centers.Energy Vault said the project is expected to generate about $500 million to $600 million of revenue in the second half of 2026 and 2027.Initial deployments are expected within the next four to 12 months, according to the company.Shares of Energy Vault were up more than 13% in Friday trading.Price: $3.35, Change: $+0.39, Percent Change: +13.18%

$NRGV

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Rockstar Energy Founder Buys Big Celsius Stake, Calls for C-Suite Changes, CNBC Reports

$CELH

Wire2h ago

Georgia AG Launches Probe Into Roblox

$RBLX

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Fiserv's Operating Leverage Can Re-Emerge in 2027, RBC Says

Fiserv (FISV) could re-emerge in 2027 with better operating leverage after going through a tough 2026, RBC Capital Markets said in a note Thursday."While FISV continues to be rooted in a multi-year transition, webelieve the bulk of the incremental investments, Core attrition, and macro volatility...should fall heaviest on FY26, with operating leverage beginning to re-emerge (~50bps) in FY27 and beyond," the report said.The report also said its new CEO appears more open to a widerrange of possibilities, in terms of strategic asset review, which could yield incremental capital re-deployment opportunities.Among the positives in Q2, the report pointed to Clover, which remained strong with 11% gross payment volume growth and 13% revenue growth.The note also said the firm is conducting a comprehensiveportfolio review to assess each product, with a willingness to take strategic action where necessary.RBC kept its outperform rating and lowered its price target to $65 from $75.Price: $51.51, Change: $-2.61, Percent Change: -4.81%

$FISV

Wire2h ago

Planet Fitness Faces H2 Deceleration, Marketing, Pricing Uncertainty, RBC Says

Planet Fitness' (PLNT) Q2 results came in slightly ahead of Street expectations and management largely reiterated its 2026 outlook, but the company faces a notable deceleration in second-half same-store sales growth and uncertainty around upcoming marketing and pricing initiatives, RBC Capital Markets said.The full-year same-store-sales guidance implies roughly flat growth in H2, though management does not expect SSS to be negative in either quarter. While largely aligned with consensus, this implies notable deceleration, with rate driving more than 100% of the comp, pointing to continued declines in same-store membership, according to the note Thursday.The company is testing a $10 per month promotion in Q3 to understand the regional impact of lower prices. The promotion is not a limited-time rate and existing members could cancel their $15 membership and get the $10 membership indefinitely, which could be a headwind to rate, the brokerage said.RBC lowered its Q3 and Q4 revenue estimates by 60 basis points and 70 basis points and trimmed its same-store-sales growth guidance by 34 basis points and 60 basis points. It left its full-year revenue estimate unchanged following the Q2 beat.RBC kept an outperform rating on Planet Fitness and lowered its price target to $65 from $70.Price: $50.58, Change: $-0.63, Percent Change: -1.24%

$PLNT

Wire2h ago

Cytokinetics' Q2 Beat Highlights Myqorzo Launch Strength, RBC Says

Cytokinetics (CYTK) delivered a Q2 revenue beat, with early launch momentum for Myqorzo, its newly approved therapy for obstructive hypertrophic cardiomyopathy, underscoring an "underappreciated" cardiology opportunity, RBC Capital Markets said Friday in a report.Myqorzo posted strong patient additions and positive commercial metrics, including paid prescriptions, market-share gains and prescriber growth, pointing to a healthy launch with further upside, the report said.RBC also sees additional upside from a potential label expansion, which could broaden Myqorzo's eligible patient population and support longer-term growth. If approved, the new indication may add about $1.3 billion in US revenue, with limited competition expected at launch, the report said."We think shares are still not fully appreciating the company's position of strength in cardiology, and we remain buyers," the report said.RBC lowered its price target on Cytokinetics stock to $112 from $117 and maintained its outperform rating.Price: $76.47, Change: $-4.91, Percent Change: -6.03%

$CYTK

Wire2h ago

Primo Brands Shares Still Undervalued Even After Q2 Revenue Beat, RBC Says

Primo Brands (PRMB) stock is still undervalued despite its movement year-to-date, after Q2 results that surpassed consensus revenue estimates, RBC Capital Markets said in a Thursday note.In Q2, the company's Direct Delivery business returned to positive growth, which was one quarter earlier than expected and signified a significant improvement from the last quarter, swinging to 0.4% from negative 3%, RBC analysts said. The business is making investments to improve execution, productivity, and customer experience in a bid to boost operational performance and accelerate growth, according to the note.Primo Brands' Retail business delivered strong and widespread growth across all channels, with its Saratoga and Mountain Valley brands growing premium net sales by over 30.5% combined for the quarter, the analysts said.The company boosted its full-year comparable net sales growth guidance to a range of 2% to 4% from the previous range of 1% to 3%, based on the quarter's outperformance and the increasing momentum across its Direct Delivery and Retail businesses, the note said.RBC maintained the company's stock rating at outperform and raised the price target to $31 from $28.Price: $23.93, Change: $+0.02, Percent Change: +0.08%

$PRMB

Wire2h ago

Lyft Q2 Rides, Gross Bookings Growth Support Higher Estimates, RBC Says

Lyft (LYFT) posted a "solid" Q2 as rides and gross bookings grew across its US rideshare, Freenow and bikeshare businesses, supporting higher estimates and a more constructive outlook, RBC Capital Markets said in a report emailed Friday.Gross bookings rose 23% from a year earlier to $5.5 billion, while rides increased 12% to 262 million. The firm said growth was helped by Freenow, premium ride options and record airport activity during the 2026 FIFA World Cup.Accelerating organic ride growth in 2H and stronger-than-average growth in San Francisco, where rides increased about 20%. That performance was viewed as "encouraging" for the argument that autonomous vehicles could expand the overall ride-hailing market rather than simply displace existing demand, according to the report.Lyft is also shifting toward higher-value services, including "premium modes" and partner rides, while continuing work on a "unified customer facing" app for 2027. The firm raised the company's 2026 and 2027 bookings, revenue and adjusted earnings before interest, taxes, depreciation, and amortization estimates, according to the report.RBC has an outperform rating on Lyft and increased the price target to $20 from $18.Price: $17.05, Change: $+0.75, Percent Change: +4.60%

$GOOG$GOOGL$LYFT

Wire2h ago

Market Chatter: OpenAI Slows Release of Astra Model Over Cyber Concerns

Microsoft-backed (MSFT) OpenAI is slowing down development of its new Astra model and is scaling up testing because it cannot "rule out critical cyber capabilities," Axios reported Friday, citing the company.The timing of the release is unclear, but the pause in its development could cause any future release to be delayed, the report said.OpenAI didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $502.66, Change: $+2.80, Percent Change: +0.56%

$MSFT

Wire2h ago

Keurig Dr Pepper's Q2 Results 'Solid' but US Coffee Underperforms, RBC Says

Keurig Dr Pepper (KDP) posted a "solid" quarter, with strength in US Refreshment Beverages offset by continued softness in US Coffee, RBC Capital Markets said in note Friday.Refreshment Beverages saw constant-currency sales growth well above consensus on Dr. Pepper share gains and energy drink momentum, while US Coffee organic sales fell short on weak volumes, partly tied to a Peet's acquisition reporting shift RBC expects to reverse in the second half.Management reaffirmed its early 2027 separation timeline, RBC said, combined with one-time EPS timing benefits this quarter, implies a slower second-half bottom line performance than previously expected.RBC maintained its outperform rating on the stock and $42 price target.Price: $30.04, Change: $-0.33, Percent Change: -1.09%

$KDP

Wire2h ago

Loar New Business Wins Seen Supporting Long-Term Growth, RBC Says

Loar (LOAR) secured about $200 million of new product wins that build confidence in the company's growth outlook, RBC Capital Markets said in a Friday note.The company reported 12% organic revenue growth in Q2 as total revenue rose 39% year over year to $171.6 million.Management expects the new business wins, most of which are tied to commercial aerospace original equipment, to support future aftermarket sales, RBC said.The company continues to take a long-term view to pricing, potentially achieving 50% plus margins as its portfolio matures, according to the note.Loar also retains capacity for additional mergers and acquisitions and expects the company to maintain its pace of one to two deals annually, the analysts said.RBC maintained its outperform rating on Loar and raised its price target to $85 from $80.Price: $71.78, Change: $-0.77, Percent Change: -1.05%

$LOAR

Wire2h ago

Howmet Aerospace Sets Execution Standard With Beat-and-Raise, RBC Says

Howmet Aerospace (HWM) delivered another beat-and-raise quarter, with investors continuing to focus on capacity additions within its Engine Products segment as industrial gas turbine demand improves and commercial aerospace and defense markets remain strong, RBC Capital Markets said in a Friday note.The investment firm said that it continues to see upside to its estimates on the Engine Products segment with LEAP/GTF engine transition, yield improvements, spares demand, pricing, as well as defense upside.RBC said management remains open to incremental mergers and acquisitions, which it believes would be well received by investors given the company's "best-in-class" operations. The firm added that capital spending remains elevated this year, with higher capex expected in 2027.Howmet expects to reduce net leverage to about one times by the end of 2026, providing additional flexibility for share repurchases and potential acquisitions, according to the note.RBC raised its price target to $350 from $325 and maintained its outperform rating.Shares of Howmet were down 2% in Friday afternoon trading.Price: $283.89, Change: $-5.69, Percent Change: -1.96%

$HWM

Wire2h ago

OpenAI Slows Release of Astra Model Over Cyber Concerns, Axios Reports

$MSFT

Wire2h ago

Insmed Outlook Strengthens After Q2 Results, RBC Says

Insmed's (INSM) Q2 results and management commentary reinforced confidence in Brinsupri's commercial performance and pipeline potential, with the stock's rebound appearing appropriate after recent weakness, RBC said in a note Thursday.RBC said Brinsupri generated $309 million in global revenue, beating its $289 million estimate and the Street's $279 million forecast, prompting the company to raise 2026 guidance to between $1.25 billion and $1.4 billion.The brokerage now expects Brinsupri to generate $1.36 billion in 2026 revenue.RBC said TPIP development remains on track across PH-ILD, PAH, PPF and IPF, while the company ended the quarter with $1.16 billion in cash and reiterated its expectation of becoming cash flow positive in 2027.RBC maintained the company's outperform rating and $195 price target.Price: $127.21, Change: $-5.34, Percent Change: -4.03%

$INSM

Wire2h ago

Doximity Raises FY27 Outlook on AI Search Momentum, RBC Says

Doximity (DOCS) posted a strong fiscal Q1, with revenue growth reaccelerating on AI-driven client engagement in its legacy business and a guidance raise that indicates early commercial traction from AI search for fiscal 2027, RBC Capital Markets said Thursday in a report.While net revenue retention trends and margin investment warrant monitoring, RBC said record user engagement, a strengthening competitive position and a growing AI revenue pipeline support its view of a fiscal 2028 reacceleration.The company attributed Q1 revenue outperformance to two pharma-specific drivers, including AI search lifting client engagement across the portfolio and a meaningful rebound from a top-20 customer that had previously pulled back, RBC said.New search contracts are supporting the increase in fiscal 2027 revenue guidance, with most of the contracted AI revenue expected in fiscal Q3 as the focus shifts to larger, longer-duration deals during the upfront sales cycle, the report said.RBC maintained its outperform rating on Doximity stock and its $28 price target.Doximity surged 36% in Friday trading. CEO Jeffrey Tangney said revenue from the company's new AI search tool is running at 10 times its operating cost.Price: $28.05, Change: $+7.39, Percent Change: +35.77%

$DOCS

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