Daily ideas
The G7's 100-million-barrel release cut the diesel crack about $4.6 a barrel on Oct. 2, a margin hit for Korean refiners, renewable diesel and turnaround contractors.
American Tower grew Q2 2026 AFFO per share 4.2% to $2.71 while U.S. organic billings rose only 0.7%; Q3 tests whether carrier amendments can keep offsetting DISH churn.
Toshiba plans to double HDD capacity by 2027. Its outside suppliers of heads, glass substrates and suspensions, TDK, HOYA and NHK Spring, could see higher volumes.
Palantir grew Q2 2026 revenue 93% to $1.935 billion at a 62% adjusted operating margin; Q3 results test whether record U.S. commercial bookings keep turning into revenue.
Ecolab grew Q2 2026 sales 10% to $4.42 billion with adjusted EPS up 11% to $2.09; Q3 tests whether energy-surcharge pricing of 5%-6% protects organic gross margin.
ING lifted 2Q2026 total income 10.2% to €6.28 billion as its deposit margin rose to 1.07%; third-quarter results test whether costlier savings campaigns erode that margin.
Sherwin-Williams grew Q2 2026 sales 7.5% to $6.79 billion with paint-store comps up 4.2%; Q3 tests whether store volume keeps growing after an 8% September price increase.
BP earned $5.73 billion underlying RC profit in Q2 2026 as its refining margin hit $29.6/bbl; Q3 results test how much survives lower throughput, weaker customers and net debt needs.
Quanta Services grew Q2 2026 revenue 41.1% to $9.56 billion with an 11.5% Electric margin; Q3 tests whether peak-season organic growth can hold last year's 11.4% margin.
ASE Technology's Q2 2026 revenue rose 26.7% to NT$191.06 billion with a 27.3% ATM gross margin; Q3 tests whether new capacity lifts ATM sales and margins together.
Trane Technologies grew Q2 2026 revenue 10.6% to $6.35 billion with a record $12.1 billion backlog; Q3 tests whether volume growth lifts margins about 50 basis points.
Moody's grew Q2 2026 revenue 15% to $2.185 billion with a 55.3% adjusted margin; Q3 tests whether ratings revenue holds roughly flat against a tough 2025 base.
China halted most fuel exports on 1 Oct 2026. Export-capped Korean refiners may earn more per barrel; HD Hyundai Oilbank made 44% of HD Hyundai's Q2 operating profit.
UPS grew Q2 2026 revenue 7.6% to $22.83 billion at a 9.2% adjusted operating margin; Q3 tests whether U.S. Domestic yield holds up once fuel surcharges fade.
Altria grew Q2 2026 adjusted EPS 2.8% to $1.48 as Marlboro pricing offset a 7.4% volume drop; Q3 tests whether pricing, on! PLUS and duty refunds still lift profit.
Agnico Eagle made a record $1.34 billion of Q2 2026 free cash flow on 855,816 ounces; Q3 tests whether the Barnat pit-wall loss keeps output near the 3.3M-ounce low end.
Bloom Energy grew Q2 2026 revenue 166% to $1.065 billion, with 73% from one customer; Q3 tests whether AI data center deliveries broaden enough to hold guidance.
General Dynamics grew Q2 2026 revenue 8.1% to $14.1 billion with EPS of $4.24; Q3 results test whether submarine yard output holds as Marine growth slows.
GSK grew Q2 2026 turnover 5% at CER to £8.41 billion with core operating profit up 7%; Q3 tests whether HIV and specialty growth outrun Nuvalent and R&D costs.
Stryker grew Q2 2026 organic sales 9.0% with a 27.4% adjusted operating margin; Q3 tests whether backlog shipments reach the ~11% second-half pace its guidance needs.
