Market narrative
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Oracle will spend up to $70 billion in capital expenditures in fiscal 2027. Investors have been worried about AI spending, but Oracle has lucrative contracts that make it worthwhile.
Stocks
Toronto, Ontario--(Newsfile Corp. - August 3, 2026) - The following is a list of Upcoming Meeting Dates announced this week
DUBAI, United Arab Emirates, Aug. 03, 2026 (GLOBE NEWSWIRE) -- The Rasmala Global Sukuk Fund was recognised with the 2026 LSEG Lipper Fund Awards for Best Fund over 10 Years in the Bond Sukuk Global USD classification, winning across two award universes: Global Islamic and MENA Markets.
China's Alibaba on Monday unveiled what it said is its largest and most capable artificial-intelligence model, the Qwen3.8-Max, which is not far behind in size when compared with an offering from domestic rival Moonshot AI launched last month.
SK Hynix and Samsung Electronics shares fell sharply on Monday, giving back part of Friday's record rebound as investors locked in profits after one of the most dramatic sessions in South Korean market history. Samsung dropped 6.48% and SK Hynix lost 6.69% by 9:15 AM in Seoul, while the Kospi slid 4.25%.
The 30-year Treasury yield touched 5.24% recently, marking its highest level since 2007. The risk of the Fed raising interest rates this year and persistently high inflation are pressuring yields higher.
Gold and silver prices edge higher as Iran talks and falling oil prices ease inflation concerns, but key breakout levels will determine the next move.
New York, New York--(Newsfile Corp. - August 2, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Microvast Holdings, Inc. (NASDAQ: MVST) between April 1, 2025 and March 16, 2026, inclusive (the "Class Period"), of the important September 21, 2026 lead plaintiff deadline. SO WHAT: If you purchased Microvast securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
Vanguard International High Dividend Yield Index Fund offers global diversification and has outperformed the S&P 500, delivering a 55% total return since last coverage. VYMI provides a 3.4% starting dividend yield with an 8.86% five-year dividend CAGR, making it attractive for income-focused investors seeking international exposure. The ETF is heavily weighted toward financials (42.85%) and rebalances annually, introducing sector concentration risk but mitigating single-stock impact through broad diversification.
Investors are already starting to show concerns about AI spending, and these stocks are seeing the benefit.
Investors are in good company when they buy into the thesis that rising demand for power for AI data centers will continue to benefit GE Vernova over the long term.
Pitney Bowes (PBI) is a top five position, viewed as a mispriced, durable niche industrial with significant upside and ongoing strategic review. I prioritize neglected, fundamentally strong businesses over popular, high-multiple AI trades, focusing on unit economics and management alignment for long-term outperformance. PBI's turnaround under new management, aggressive buybacks, and potential asset monetization support a valuation well above current prices, with a 15% free cash flow yield.
The Nikkei 225 Index retreated by over 1.52% on Monday as investors reacted to several events, including the Japanese yen rescue and the upcoming corporate earnings. It dropped to 63,390, down by 12.9% from its peak this year.
Invesco Ltd. is upgraded to Buy as strong Q2 results reveal significant operating leverage and margin expansion to 20%. IVZ's scalable fund model drives earnings growth, with AUM reaching $2.2T and expenses remaining stable except for distribution costs. Shareholder returns are prioritized with a 60% payout ratio target, reflecting capital-light operations and limited reinvestment needs.
HIGHLIGHTS:41m at 14.5 g/t Au from 260m in 26CN07975m at 2.3 g/t Au from 253m in 26CN06439m at 3.6 g/t
Asure Software, Inc. reported slightly better Q2 financials than Wall Street anticipated. Reported revenue growth was very good, but underlying organic growth was modest. ASUR's performance is boosted by expensive client acquisitions. ASUR's margins are improving, which is a clear positive. High EBITDA margins still translate quite poorly to free cash flow.
Carpenter Technology Corporation (CRS) is positioned for durable, margin-accretive growth, driven by robust aerospace and industrial demand. CRS's aerospace exposure is underpinned by Boeing and Airbus production ramp-ups, while industrials benefit from data center and power infrastructure demand. Despite product mix headwinds and a high trading multiple, CRS's disciplined capital allocation and strong balance sheet support continued organic growth.
New York, New York--(Newsfile Corp. - August 2, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Erasca, Inc. (NASDAQ: ERAS) between January 14, 2025 and April 26, 2026, inclusive (the "Class Period"), of the important August 10, 2026 lead plaintiff deadline. SO WHAT: If you purchased Erasca common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
Microsoft's cloud growth is accelerating. Unlike some of its peers, Microsoft continues to generate bountiful free cash flow.
Prosperity Bancshares delivered Q2 2026 earnings and revenue beats, supported by recent acquisitions and strong Texas/Oklahoma market exposure. PB's premium valuation is justified by robust core metrics: low-cost deposits, above-average dividend yield (3.21%), and strong efficiency and asset quality ratios. Recent M&A activity, including the Stellar Bancorp acquisition, positions PB for continued growth but introduces integration and tangible book value dilution risks.
