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Fluence Energy (NASDAQ:FLNC) Misses Q2 CY2026 Sales Expectations, Stock Drops 27.1%
StockStory17h agobearish
Fluence Energy (NASDAQ:FLNC) Misses Q2 CY2026 Sales Expectations, Stock Drops 27.1%

Electricity storage and software provider Fluence (NASDAQ:FLNC) missed Wall Street’s revenue expectations in Q2 CY2026, but sales rose 7.9% year on year to $649.8 million. The company’s full-year revenue guidance of $3 billion at the midpoint came in 10.3% below analysts’ estimates. Its GAAP loss of $0.24 per share was significantly below analysts’ consensus estimates.

Wall Street just killed its first spot Bitcoin ETF and for a known reason
TheStreet17h agoneutral
Wall Street just killed its first spot Bitcoin ETF and for a known reason

When the SEC approved spot Bitcoin ETFs in January 2024, it felt like a turning point. Roughly a dozen funds launched into a market hungry for regulated Bitcoin exposure. BlackRock, Fidelity, Invesco, Hashdex — the names were credible, the timing felt historic. On August 3, the Hashdex Bitcoin ETF ...

Occidental Petroleum (NYSE:OXY) Reports Upbeat Q2 CY2026
StockStory17h agobullish
Occidental Petroleum (NYSE:OXY) Reports Upbeat Q2 CY2026

Oil and gas producer Occidental Petroleum (NYSE:OXY) reported revenue ahead of Wall Street’s expectations in Q2 CY2026, with sales up 52.1% year on year to $8.07 billion. Its non-GAAP profit of $2.40 per share was 29.8% above analysts’ consensus estimates.

SpaceX stock not a buy until lockups expire, investor says
Reuters Videos17h agobullishVIDEO
SpaceX stock not a buy until lockups expire, investor says

<body><p>STORY: Shares of SpaceX plunged nearly 14% on Wednesday, one day after Elon Musk's rocket and AI company reported its first quarterly results since its IPO.</p><p>SpaceX's revenue nearly doubled and operating losses narrowed, fueled by its booming Starlink satellite communications and AI businesses.</p><p>But investors remained concerned about how long the company could maintain spending on AI-related investments such as data centers.</p><p>"An earnings call involving Elon Musk is a lot of vision, not a lot of substance often," Orczyk Sissel said. "And I think we saw that.&nbsp;The stock was down following the call, I think, in anticipation for the expiration of the lockup."&nbsp;</p><p>The current float is so small that the first lockup expiry alone could more than double ​the number of shares available for trading.</p><p>"I would not be a buyer of SpaceX until we have a better idea of what kind of float's going to be out there after these lockups expire," Orczyk Sissel said.</p></body>

Western Digital Stock Declines After Earnings Report
The Wall Street Journal17h agoneutral
Western Digital Stock Declines After Earnings Report

Western Digital stock was down 11% in after-hours trading after the company released its earnings report. It reported a profit of $3.2 billion, compared with $282 million a year earlier. Earnings from continuing operations were $8.

Meta launches new AI coding tool powered by Muse Spark 1.2
Reuters17h agoneutral
Meta launches new AI coding tool powered by Muse Spark 1.2

Meta Platforms on Wednesday launched Muse Code, a coding tool powered by ‌its latest AI model, Muse Spark 1.2, designed ‌to help developers write and debug software. Muse Code can ‌write code and ⁠verify results, and has been trained to handle long, complex coding projects while also ⁠running multiple sub-agents simultaneously to speed up difficult tasks, the company said. Meta also said it trained Muse ​Spark 1.2 ​and Muse Code together ​to operate smoothly as ‌a pair.