u/upbstock

JUST IN: SpaceX is set to unlock another 7% of its shares tomorrow as its second post-IPO lockup expires.

AMZN	
	Amazon says Prime Air plans to serve 500 cities, towns by end of 2026

Amazon announced that its Prime Air service is rapidly expanding and plans to reach nearly 500 cities and towns in the United States by the end of 2026-a sixfold increase from its current footprint-bringing ultrafast drone delivery to communities with tens of millions of customers across the country. Prime Air offers a selection of items by drone, including millions of groceries, electronics, cosmetics, medications, and household products, delivered in as fast as 30 minutes. "Customers already turn to Amazon for fast Same- and Next-Day Delivery, and Prime Air provides them an even speedier option when they need it, with deliveries in as fast as 30 minutes," said David Carbon, vice president of Amazon Prime Air. "We've already delivered hundreds of thousands of packages to customers by drone this year, and by the end of 2026 we plan to reach customers in nearly 500 cities and towns. We're pairing the convenience of ultrafast drone delivery with the low prices and selection customers love about Amazon."

ZM Zoom Communications reinstated with a Buy at BofA BofA reinstated coverage of Zoom Communications with a Buy rating and $130 price target. The company is transitioning from a single product video meetings provider into a broader communications and work platform, the analyst tells investors in a research note. The firm believes Zoom's growth recovery is "durable." The company's product cycles can support mid-single-digit earnings growth, contends BofA.

DELL Dell Technologies price target raised to $550 from $500 at Evercore ISI Evercore ISI raised the firm's price target on Dell Technologies to $550 from $500 and keeps an Outperform rating on the shares. The firm believes Dell's storage portfolio remains underappreciated at current share levels and "should enable not just revenue but also profit acceleration." As enterprises repatriate workloads back on-premise, storage demand will pick up, and Dell "could be unique in providing a more end-to-end AI offering," the analyst tells investors in a research note. In Evercore's bull case, Dell's storage business can grow revenue double-digits and contribute $2.00 of earnings per share.

	TGT	
	Target reports Q2 adjusted EPS $4.11, consensus $2.34

Reports Q2 revenue $26.54B, consensus $26.14B. Reports Q2 comparable sales up 3.8%. EPS included tariff refund benefits of $1.65 for Q2. "Second quarter results build on the encouraging momentum we saw in the first quarter, giving us increasing confidence that our strategy is resonating with our guests and strengthening our leadership position in style, design, and value," said Michael Fiddelke, CEO of Target. "Over the past year, we've reduced prices on more than 10,000 frequently purchased items as part of our commitment to delivering outstanding value every day, while continuing to invest in newness, convenience, and an elevated shopping experience. While there's still meaningful work ahead, we're encouraged by the progress we're making and remain focused on executing with discipline, staying agile in a dynamic operating environment, and investing in our team and capabilities to drive sustainable, profitable growth over the long term."

OKTA	
	Okta price target raised to $165 from $120 at Truist

Truist analyst Junaid Siddiqui raised the firm's price target on Okta to $165 from $120 and keeps a Buy rating on the shares as part of an off-cycle software earnings preview. The "setup appears constructive" as cyber spending remains resilient, the analyst tells investors in a research note. However, Truist says cyber budgets are becoming more concentrated around identity security, cyber resilience, AI governance, data security, and platform consolidation. The firm favors Rubrik and Sailpoint heading into earnings, saying both are positioned for "beat-and-raise quarters."

LOW	
	Lowe's reports Q2 adjusted EPS $4.40, consensus $4.22

Reports Q2 revenue $25.96B, consensus $26.11B. Comparable sales for the quarter increased 0.2%, driven by strong performance in Pro and home services sales, as well as a 15.7% increase in online sales, partially offset by persistent DIY macro pressures. "Sustained growth in Pro, Online and Home Services led to our fifth consecutive quarter of positive comp sales, despite pressure in discretionary DIY spending," said Marvin R. Ellison, Lowe's chairman, president and CEO. "While the near-term remains dynamic, our teams are executing at a high level, advancing our Total Home strategy and investing to drive growth and profitability. I would like to thank all of our frontline associates for their hard work and dedication to our customers."

	Trump pauses 50% tariffs on Canada citing trade deal

President Trump said on social media: "I have paused the 50% Tariffs against Canada, that were scheduled to kick in tomorrow morning for a three day period, based on the fact that Canada and the U.S.A., subject to the finalization of documents, have a DEAL! The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from the grave! Thank you for your attention to this matter.

TECH SELLOFF HITS WALL STREET AS YIELDS SURGE

Wall Street closed lower as rising oil prices and Middle East tensions pushed Treasury yields sharply higher, pressuring technology stocks.

The Nasdaq fell 1.3%, while the S&P 500 lost 0.7%.

Semiconductors led declines as higher yields weighed on AI-related valuations. Meanwhile, investors rotated toward healthcare, consumer staples and energy as defensive positioning increased.

BABA	
	Alibaba trims gaming, retail operations to invest in AI, Nikkei Asia reports

China's leading technology companies Alibaba and ByteDance are restructuring gaming and retail operations to redirect resources toward competing in the artificial intelligence race, Nikkei Asia's Tomoko Waka Sugi reports

YARDENI: 5% TREASURY YIELD IS THE KEY LINE

Ed Yardeni isn’t alarmed by surging global bond yields—yet.

He expects the U.S. 10-year Treasury yield to remain within a 4%-5% range without seriously hurting the economy or corporate earnings.

But with the yield now near 4.73%, he’s watching the “Bond Vigilantes” more closely.

A move above 5% could raise concerns, although Yardeni expects strong buyer demand around that level.