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S&P 500 Stock Chugs Past Buy Point; CSX Rises Late On Earnings
Investor's Business Daily14d agobullish
S&P 500 Stock Chugs Past Buy Point; CSX Rises Late On Earnings

Wabtec was the No. 2 S&P 500 stock on Wednesday after the supplier of locomotives and railcars for freight and passenger service topped Q2 earnings estimates and raised its full-year outlook. Strong international performance, backlog growth and a wider profit margin — despite tariffs — powered Wabtec shares toward the top of a buy zone. Results: Wabtec posted adjusted earnings per share of $2.76, up 21.6% from a year ago and 16 cents ahead of estimates.

Google's Q2 earnings of $112.11B beat Wall Street's expectations on AI boom
Associated Press15d agobullish
Google's Q2 earnings of $112.11B beat Wall Street's expectations on AI boom

Google parent company Alphabet Inc. posted stronger-than-expected results for its second quarter, a sign that it's massive artificial intelligence spending spree is paying off so far and advertising revenue is coming in strong. Google did not disclose an adjusted earnings figure that's comparable to analysts' expectations, which was $2.88 per share. Google saw a net gain of $98 billion, mainly as a result of gains on its equity investments — mostly in SpaceX, which went public in June.

Kinder Morgan tops second-quarter profit estimates on higher natural gas volumes
Reuters15d agobullish
Kinder Morgan tops second-quarter profit estimates on higher natural gas volumes

pipeline operator Kinder Morgan beat Wall Street ‌expectations for second-quarter profit ‌on Wednesday, helped by higher volumes of ​natural gas transported through its pipelines. pipeline companies are gaining from booming oil and gas output in ‌the Permian Basin ⁠and rising natural gas demand due to record LNG ⁠exports and surging electricity use from AI operations, cryptocurrency mining and ​data centers.

Google quarterly cloud revenue growth beats expectations
Reuters15d agobullish
Google quarterly cloud revenue growth beats expectations

Alphabet topped Wall Street estimates for quarterly cloud revenue growth on Wednesday, as the Google parent benefited from strong demand for its cloud computing services from ‌enterprises worldwide thanks to the AI boom. Revenue at Google Cloud rose 82% to $24.8 billion ‌during the quarter ended June, accelerating from the 63% jump reported in the preceding three months. The third-largest cloud services provider behind Amazon Web Services and Microsoft, Google has seen demand surge as companies race to secure the cloud capacity needed to develop, train and run AI models, helping it land ‌major deals with firms, including Anthropic.

Investing.com15d agobullish
Stifel upgrades DigitalOcean to Buy on AI demand, raises target to $160

Investing.com -- Stifel upgraded DigitalOcean Holdings to Buy from Hold and raised its price target to $160 from $135, arguing that growing demand for AI infrastructure, higher GPU pricing and additional capacity expansion should drive stronger earnings and revenue growth over the next several years.

Investing.com15d agobullish
3 energy storage-focused stocks upgraded at Citi

Investing.com -- Several clean energy companies received rating upgrades from analysts who pointed to improving growth prospects in domestic manufacturing, energy storage demand and hyperscale data center opportunities, despite ongoing policy and execution risks.