Summary: Defense contractors, including Lockheed Martin (NYSE:LMT), reported strong Q2 earnings, with Lockheed Martin beating revenue estimates by 6.5% and showing impressive full-year revenue guidance. The stock is up 19.9% since reporting. Mercury Systems (NASDAQ:MRCY) also outperformed with revenues exceeding expectations and the stock up by 8.4%. General Dynamics (NYSE:GD) posted slower growth despite beating revenue estimates, with the stock up 3.1%. Leonardo DRS (NASDAQ:DRS) reported revenue well above expectations but the stock dropped by 2.1%. Parsons (NYSE:PSN) delivered strong revenue growth and raised full-year guidance, with the stock up by 27.1%.
Full articleSummary: ORCA Computing and Poznań Supercomputing and Networking Center (PSNC) collaborate with NVIDIA to accelerate the development of hybrid quantum-classical approaches, revolutionizing various fields such as biology, chemistry, and key industry applications. The collaboration aims to push the boundaries of hybrid quantum-classical high-performance computing (HPC) by leveraging each organization's proficiency in HPC, quantum information science, and quantum technology.
Full articleSummary: ORCA Computing and Poznań Supercomputing and Networking Center (PSNC) announce a collaboration with NVIDIA to accelerate hybrid quantum-classical approaches, aiming to revolutionize various fields like biology, chemistry, and industry applications.
Full articleSummary: Costco stock fell 2.3% due to a slowdown in sales, while Constellation Brands rose 0.2% after increasing its dividend. Barclays ADRs rose 1.5% following a negative recommendation on top boss pay. Shell ADRs rose 1.2% on positive gas trading outlook, while FedEx stock rose 1.1% after an upgrade. Polestar stock rose 2.9% after delivering more cars in Q1, and Pure Storage rose 2.5% after an upgrade. Super Micro stock fell 3.3% post-downgrade.
Full articleSummary: Calamos Investments LLC announced the planned launch of 12 Structured Protection ETFs seeking 100% protection and upside participation in S&P 500, Nasdaq-100, and Russell 2000 benchmarks to a predetermined cap over one-year outcome periods.
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