NASDAQ:TSLAStock Market
Tesla China Recall Amounts to 1.8x Its Expected 2025 Worldwide Deliveries
Tesla, Inc. has been ordered to carry out its biggest recall in China, as authorities require action on almost 3 million vehicles due to…
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NASDAQ:TSLA · CHINA RECALL
Scale is the signal
Market data: August 21, 2026 close, 4:00 p.m. EDT. Recall and financial data compiled August 24, 2026, 12:20 p.m. CST.
Door-release fleet
2.976m
Labels plus window software
Versus 2025 deliveries
1.81×
Recall population / 1.64m global deliveries
TSLA Friday
+5.1%
Closed at $362.86
China revenue share
16.6%
Q2 2026: $4.675bn
Five-session stock path
Friday gain +5.1%Week gain +6.0%
Two Tesla remedies
Door release2,975,910
Driver monitoring2,740,642
Door program startsSep. 25
DMS programImmediate OTA
Counts overlap. Do not add them as unique cars.
Door-recall mix
98.5% China-builtAnalyst split
Average target$390.09 · +7.5%
Investor read: the physical-service population is unusually large, but software handles much of the technical remedy. Watch completion rates, China demand and Tesla's warranty costs rather than multiplying the vehicle count by an assumed repair cost.
![US Stock Market Today 08/24/2026 [UPDATE: 23:07 EDT] [Micron Slips Back as QQQ Holds Overnight Gain]](https://ts2.tech/wp-content/uploads/2026/08/US-market-dashboard-2026-08-24-2301-1024x683.jpg "US Stock Market Today 08/24/2026 [UPDATE: 23:07 EDT] [Micron Slips Back as QQQ Holds Overnight Gain]")
Stock Market
US Stock Market Today 08/24/2026 [UPDATE: 23:07 EDT] [Micron Slips Back as QQQ Holds Overnight Gain]
Micron Slips Back as QQQ Holds Overnight Gain08/24/2026 · 23:07 EDT BLUE OCEAN ATS OVERNIGHT SESSION ACTIVE · 8:00 P.M.–4:00 A.M. EDT Memory bounce…
Stock Market
City Chic Jumps 23% But Remains Near 1.2x EBITDA
Shares of City Chic Collective Limited rose as much as 23.3% on Monday after the plus-size apparel retailer almost doubled its underlying earnings. The…
ASX:CCX · CITY CHIC COLLECTIVE
Turnaround economics
Market snapshot: A$0.053 intraday high, August 24, 2026, 13:15 AEST. FY26 figures cover the year ended June 28, 2026.
Share reaction
+23.3%
Peak move after FY26 results
Underlying EBITDA
A$12.3m
+92% year over year
EV / EBITDA
1.24×
At A$0.053, after A$5.2m net cash
Statutory loss
A$6.6m
25.5% narrower year over year
Profit repaired faster than sales
FY25FY26 salesFY26 EBITDA
Valuation bridge
Market valueA$20.4m
Net cashA$5.2m
Enterprise valueA$15.2m
FY26 EBITDAA$12.3m
The multiple is low because statutory profit and U.S. stability are not yet proven.
Where sales moved
Investor scorecard
Gross margin60.6% +209 bp
InventoryA$24.1m −11%
Operating cash flowA$2.2m
FY27 ANZ store comps, 7 weeks+11.4%
FY27 online sales, 7 weeks−8%
Why the stock moved: investors rewarded a 92% EBITDA rise, better gross margin and lower costs. The rerating case now depends on turning stronger ANZ store traffic into statutory profit while containing the 42.1% U.S. sales decline. Thin coverage: 1 displayed analyst
ASX:REHEarnings Reports
Reece Slides as A$400 Million Revenue Jump Fails to Lift EBITDA
Reece Limited shares fell about 3% on Monday, following news that an additional A$400 million in yearly revenue failed to boost EBITDA. The plumbing…
ASX:REH · FY26 result
Sales recover. Profit conversion does not.
Indicative delayed market data: 24 August 2026, 12:15 AEST. Currency: Australian dollars unless stated.
Share price
A$15.79
About 3% lower intraday
FY26 revenue
A$9.38bn
+4.5% year on year
FY26 EBITDA
A$901m
Flat despite higher sales
FY26 NPAT
A$308m
-2.8% year on year
Recent share-price path
The stock rallied into results, then reversed as flat EBITDA exposed weaker incremental margins.
Why the stock moved
About A$400m of added revenue generated almost no extra EBITDA.
Sales growth+4.5%
EBITDA growth0.0%
EBIT growth-2.6%
NPAT growth-2.8%
Margin bridge
EBITDA margin FY2510.0%
EBITDA margin FY269.6%
EBIT margin FY256.1%
EBIT margin FY265.7%
Regional signal
ANZ salesA$4.2bn · +8.3%
U.S. backdropResidential weak
New U.S. branches25
Net leverage1.0x
ANZ recovery is visible. The rerating case still depends on U.S. branches maturing without another margin step-down.
Analyst setup before the result
HOLD Average target A$15.22 was about 4% below the midday price. Targets were last updated June 12, before FY26 results.
Next watchpoints
1U.S. branch productivity
2ANZ volume follow-through
3Housing affordability
4Margin stabilisation
ASX:BENEarnings
Bendigo Bank takes 9% cash earnings hit from risk remediation, posts profit recovery
Bendigo and Adelaide Bank Limited posted a return to statutory profit and increased its underlying earnings, while a new risk-control expense accounted for nearly…
ASX:BEN · FY26 results
Bendigo Bank: margin lift meets a costly risk reset
Financial data released August 24, 2026; price reference is the August 21 close at 4:12 p.m. AEST.
Market open · AEST
Friday close
A$10.49
+2.74% on Aug. 21
Cash earnings
A$530.2m
+3.0% FY
Annual dividend
A$0.63
6.0% trailing yield
Consensus target
A$10.63
+1.3% vs Friday close
Earnings momentum
Half-year cash earningsMargin improved with cheaper deposits
Why the stock is moving
Operating gains: income rose 5.1%, second-half expenses fell 2.1%, and lending grew 3.5% in the half.
Valuation brake: the A$49m after-tax risk provision absorbed 9.2% of cash earnings. Consensus offers little capital upside.
Balance-sheet growth
Capital and control costs
CET1 capital ratio11.34%
Liquidity coverage ratio140.2%
Risk plan provision, after taxA$49.0m
APRA capital add-onA$50m
90+ day mortgage arrears0.87%
Analyst map
| View | Count / broker | Target | Gap vs A$10.49 |
|---|---|---|---|
| Buy | 2 analysts | — | — |
| Hold | 8 analysts | A$10.63 average | +1.3% |
| Sell | 3 analysts | — | — |
| Goldman Sachs | Buy | A$11.32 | +7.9% |
| JPMorgan | Hold | A$10.50 | +0.1% |
| Citi | Sell | A$10.00 | -4.7% |
Next checkpoints
RACQ book completion1H FY27
FY27 partnership costsA$56m–66m
Run-rate benefitsFY28
ROE target>10% by 2030
Sources: Bendigo and Adelaide Bank FY26 results announcement and presentation, released August 24, 2026; APRA licence-conditions release dated August 18, 2026; Stock Analysis/S&P Global consensus and closing-price data; Investing.com broker-rating data. Cash earnings are the bank's non-statutory measure. Share-price data: A$10.49 at the August 21, 2026 close, 4:12 p.m. AEST. The stock was indicated 1.2% higher at 10:22 a.m. AEST on August 24; no later verified intraday price is shown.
![Australia Stock Market Today 24/08/2026 [UPDATE: 15:39 AEST] [Nuix Rockets 29% as Miners Carry ASX Toward the Close]](https://ts2.tech/wp-content/uploads/2026/08/AU-market-dashboard-2026-08-24-1539-1024x683.jpg "Australia Stock Market Today 24/08/2026 [UPDATE: 15:39 AEST] [Nuix Rockets 29% as Miners Carry ASX Toward the Close]")
Stock Market
Australia Stock Market Today 24/08/2026 [UPDATE: 15:39 AEST] [Nuix Rockets 29% as Miners Carry ASX Toward the Close]
Nuix Rockets 29% as Miners Carry ASX Toward the Close24/08/2026 · 15:39 AEST AUSTRALIA • LATE SESSION Miners hold the line as reporting-season dispersion…
ASX:PLSEarnings
PLS Group Posts Record Profit as A$653 Million Spending Plan Looms
PLS Group Limited posted its highest-ever annual earnings on Monday and reinstated its dividend. However, the main challenge for investors is a significant increase…
ASX:PLS · FY26 result
Record cash. Bigger bet.
PLS Group's lithium rebound restored profit and dividends. FY27 shifts the question to execution as capex nearly doubles.
A$5.07+4.97% last session
Last verified: 21 Aug 2026, 16:12 AEST
Before the 24 Aug FY26 release
Before the 24 Aug FY26 release
+152% year on year
+1,067%
+135%
Fully franked
FY26 profit engine · A$m
Share-price momentum
Performance through 21 Aug 2026. The FY26 release followed on 24 Aug.
FY27 guidance · growth costs cash
1,065ktProduction midpoint
A$600/tFOB cost midpoint
A$652.5mCapex midpoint
17-analyst consensus
8 Buy6 Hold3 Sell1.3% avg upside
Investor read-through
The balance sheet can fund the plan. The valuation already expects much of the lithium recovery. Execution—not trailing profit—is now the rerating lever.
What can break the case
Lithium-price reversal, P2000 delays, and higher Ngungaju costs could squeeze returns while spending accelerates.
![Asia Stock Market Today 24/08/2026 [UPDATE: 22:13 SGT] [Tel Aviv Tech Slumps as Asia Chip Rout Reaches Close]](https://ts2.tech/wp-content/uploads/2026/08/Asia-market-dashboard-2026-08-24-2213-1024x683.jpg "Asia Stock Market Today 24/08/2026 [UPDATE: 22:13 SGT] [Tel Aviv Tech Slumps as Asia Chip Rout Reaches Close]")
Stock Market
Asia Stock Market Today 24/08/2026 [UPDATE: 22:13 SGT] [Tel Aviv Tech Slumps as Asia Chip Rout Reaches Close]
Tel Aviv Tech Slumps as Asia Chip Rout Reaches Close24/08/2026 · 22:13 SGT ASIA • LIVE SESSION CHECK Tech pressure reaches Tel Aviv into…
ASX:ALDDividends
Ampol delivers A$1.85 dividend after posting record profit, offering shareholders a 4.6% cash yield
Ampol Limited reported a near fivefold increase in underlying profit for the first half and announced a record interim dividend of A$1.85 on Monday.…
ASX:ALD · Earnings dashboard
A large cash return, built on a refining spike
Ampol's record first half makes the dividend visible. The central investor question is whether refining strength can last long enough to offset flat volumes, higher debt and planned maintenance.
ASX regular session · 24 Aug 2026, 10:10 AEST
Reference price
A$39.85
21 Aug, 16:10 AEST close
Interim dividend
A$1.85
+363% year on year
One-payment yield
4.64%
Not annualised
Underlying NPAT
A$857m
+376%
Refining margin
US$28.26
+280% per barrel
Analyst target
A$41.08
3.1% implied upside
Share price into the result
AUD closes · Aug 14–21, 2026Exact reference: Aug 21, 16:10 AEST
Why no post-result move is shown: a Monday Ampol trade was not yet verifiable from the quoted feeds at 10:10 AEST. The likely support is the A$1.85 dividend. The counterweight is earnings quality: profit beat consensus by only about 2%, and the gain was dominated by unusually high refining margins.
Where the earnings came from
RCOP EBIT · 1H26Fuels & Infrastructure
A$1.13bn
Convenience Retail
A$205m
New Zealand
A$104m
Corporate / other
-A$51m
+859%F&I EBIT growth
-1.2%Total fuel volumes
+12%Retail EBIT growth
Profit and cash step-change
A$ million · 1H25 versus 1H26Analyst recommendations
9 analysts · pre-result consensusPrice source: Google Finance and TradingView; A$39.85 was the ASX close on 21 Aug 2026 at 16:10 AEST, before the 24 Aug result. No post-result Ampol trade was verifiable from those feeds at the 24 Aug 2026, 10:10 AEST data cut, during the ASX regular session. Financial and operating data: Ampol 1H26 Results Presentation, published 24 Aug 2026. Analyst data: Investing.com consensus available before the 24 Aug market open. Yield calculation: A$1.85 ÷ A$39.85; one payment, not annualised. RCOP = replacement-cost operating profit. Figures may not sum because of rounding.
CryptocurrencyNASDAQ:MSTR
Bitcoin’s 22% Climb Lifts Strategy Past Cost, MSTR Surges 29%
Bitcoin recorded its steepest weekly surge in over two years, sending Strategy Inc shares above the average price of its substantial cryptocurrency holdings. The…
Strategy Inc · NASDAQ:MSTR · weekend investor dashboard
Bitcoin cleared Strategy’s cost. The cushion is only 2.2%.
MSTR outran bitcoin last week. That added upside beta, but the treasury’s mark-to-market gain remains small relative to the stock move.
Market data: Friday, August 21, 2026, 4:00 PM EDT. Holdings: August 16, 2026. U.S. equities closed; crypto trades continuously. Prepared Sunday, August 23, 2026, 8:02 PM EDT.
MSTR close
$119.79
+28.8% for the week
Bitcoin
$77,006
About +22% for the week
BTC reserve
840,447
$63.36B aggregate cost
Cost cushion
2.2%
$1.36B preliminary gross gain
One-week return: common stock amplified the token
Bitcoin referenceMSTR added 6.8 percentage points
Bitcoin reserve break-even
Analyst targets after the rally
Capital structure: what changed before the rally
| Week through Aug. 16 | Amount | Read-through |
|---|---|---|
| MSTR shares sold | 3.46M | Common dilution funded liquidity |
| Net proceeds | $333.7M | No bitcoin bought or sold |
| USD reserve addition | $149.1M | Reserve reached $4.8B |
| STRC repurchases | $132.2M | Reduced preferred overhang |
| Preferred dividends | $52.4M | Recurring claim ahead of common |
Why the price moved — and what Monday must confirm
Liquidity impulseTreasury buyback plans and a weaker dollar supported hard assets.
Crypto breadthEther and crypto equities joined bitcoin, confirming a broad risk rebound.
Monday testBitcoin must hold $75,385 while MSTR absorbs a 29% weekly run.
Sources: WSJ and FT market reports; StockAnalysis closing data; Strategy’s August 17 filing as summarized by The Block; Investing.com analyst consensus. Values are rounded. Treasury gain is a preliminary gross mark before debt, preferred claims, taxes, fees or dilution.
Stock Market
Insurers face bulk of C$500 billion in private-credit exposure in Canada, not banks
Canada's private credit market has grown to about C$500 billion. However, this total conceals a distinct divide. Direct lending by banks remains limited, whereas…
Investor dashboard · Canada private credit
C$500bn headline.
Only C$40bn sits at banks.
The data point to a concentration issue for insurers and pensions, while direct bank lending remains near 1% of total loans. The harder risk is opacity across borders.
Exposure data: Bank of Canada, August 2026 · Market data: Toronto close, August 21, 2026, 16:00 EDT
Total link
~C$500bn
Canadian investor private lending plus Canadian-bank lending to private-credit funds. Most exposure is abroad, mainly in the United States.
Direct bank exposure
≥C$40bn
About 1% of overall bank lending in Q1 2026. Fund loans are generally senior and secured by investor commitments.
Institutional core
>C$400bn
More than C$200bn at three large life insurers and an estimated C$215bn at large pension funds.
Where the exposure sits
Categories can overlap through fund financing. Values should not be added mechanically.
Portfolio intensity
Life insurers~22%
Large pensions~9%
Investment funds~1.5%
Banks~1%
Listed proxy · TSX:TD
C$161.24
Aug. 21 move−0.11%
14-analyst targetC$173.14
Implied upside+7.4%
TD Asset Management entered global direct lending in July. Its TD Greystone private-markets platform had C$42.4bn under management at December 2025.
TD analyst pulse
| Firm | Call | Target | Upside | Date |
|---|---|---|---|---|
| KBW | Hold | C$180 | 11.6% | Aug. 21 |
| Barclays | Sell | C$164 | 1.7% | Aug. 21 |
| CIBC | Hold | C$184 | 14.1% | Aug. 19 |
| Desjardins | Buy | C$183 | 13.5% | Aug. 5 |
| Scotiabank | Buy | C$169 | 4.8% | June 16 |
What moves the risk next
U.S. defaultsMost Canadian-linked exposure is abroad. Rising defaults would test marks and recovery assumptions.
Liquidity demandsWatch fund drawdowns, redemptions and margin calls. Forced sales can turn paper losses into market stress.
Insurer capitalHigher-risk private credit is below 1% of major insurers’ assets. Impairments and capital ratios are the key checks.
Bottom line: The C$500bn estimate is large, but it is not a C$500bn bank loan book. Current data support a monitoring case. The main equity question sits with insurer and pension valuations, while banks carry the smaller but more connected funding channel.
Sources: Bank of Canada staff research; Financial Stability Report; TD Asset Management; Investing.com consensus. Bank of Canada exposure figures are estimates. Analyst targets are not guarantees.
NASDAQ:CMEStock Market
CME Gains $1.9 Billion on Bond Volatility, but Analysts Project Only 3% Further Rise
CHICAGO, August 23, 2026, 6:17 PM CDT — CME’s market value increased by $1.9 billion as bond price swings surged, yet analysts anticipate gains…
CME Group · NASDAQ:CME
Bond volatility pays.
Valuation sets the limit.
Treasury yields rose across the curve last week. CME gained as demand for hedging stayed firm.
Market data: Friday, August 21, 2026, 4:00 PM EDT
Treasury curve: August 21, 2026
Treasury curve: August 21, 2026
CME close
$274.98
▲ 1.92% weekly
Value added
$1.86B
Preliminary estimate
10-year yield
4.74%
+6 bp weekly
Consensus upside
2.9%
Average target: $283.07
Treasury curve: rates moved higher
Aug. 21Aug. 14
CME's five-session path
The stock recovered 3.0% from Wednesday's low close.
Exchange peers · weekly
ICE+4.21%
CME+1.92%
CBOE+1.55%
NDAQ+1.24%
Q2 operating engine
| Measure | Result |
|---|---|
| Revenue | $1.7B |
| Adjusted op. income | $1.2B |
| Adjusted EPS | $2.99 |
| Daily volume | 29.8M |
| Market data | $238M · +20% |
Analyst target range
Friday close $274.98
Consensus leaves a narrow cushion.
Why the stock moved
1. A higher Treasury curve raised the need to manage duration and rate risk.
2. CME already had strong rate-products momentum; two-year Treasury options volume was up 92% through July.
3. Thursday and Friday's rebound showed investors treating exchange volumes as a hedge against market stress.
Next catalysts
| Aug. 26 | PCE inflation |
| Aug. 26 | NVIDIA results |
| Aug. 27–29 | Jackson Hole |
| Q4 2026 | CME Treasury Link launch* |
*Expected, pending regulatory review.
Sources: U.S. Treasury; CME Group Q2 2026 results and Rates Recap; SEC Form 10-Q; Reuters; Stock Analysis; Investing.com. Market-value estimate uses 359.6 million shares outstanding. Returns are close-to-close.
Artificial IntelligenceNYSE:WOLF
Wolfspeed Shares (WOLF) Drop 19% With 34% Break-Even Gap After AI Surge
Wolfspeed, Inc. shares dropped 19.0% last week to close at $25.76. The decline came after results revealed that surging AI demand has yet to…
NYSE: WOLF · Weekend Investor Dashboard
Wolfspeed
Doubled AI revenue meets a still-underfilled factory base
$25.76▼ 2.24% Friday
Official close · Aug. 21, 2026, 4:00 PM EDT
Weekly move
−19.0%
$31.79 → $25.76
Post-earnings
−11.4%
Wednesday close to Friday close
After hours
$25.96
+0.78% · Aug. 21, 7:59 PM EDT
Revenue gap
33.7%
Q4 annualized vs. gross-margin breakeven
Five-session reversal
WOLF closeFour consecutive declines after Monday
Why the stock fell
1
Underutilization: adjusted gross margin remained negative 19.9%.
2
Flat near term: the $150 million Q1 midpoint barely changes the revenue pace.
3
AI base undisclosed: revenue doubled, but investors cannot see its dollar contribution.
!
Debt cost: $630 million of first-lien debt carries about 16% interest.
Path to gross-margin breakeven
Preliminary annualized comparison. Management says the exact breakeven level changes with product mix.
Q4 FY2026 operating scorecard
| Measure | Reading | Context |
|---|---|---|
| Revenue | $149.6M | −24.1% reported YoY |
| AI data-center revenue | >2× | FY2026 vs. FY2025 |
| Adjusted gross margin | −19.9% | +0.7 pt QoQ |
| Adjusted EBITDA | −$62M | Roughly flat |
| Operating cash flow | −$54M | Inventory aided by $41M |
| Capital spending | $5M | Down from $38M |
Liquidity and leverage
~$101M
Preliminary annual interest on $630 million at 16%. Refinancing is management's highest debt priority.
Analyst recommendation split
| Measure | Reading | Vs. $25.76 |
|---|---|---|
| Consensus | Hold | 13 analysts |
| Buy / Hold / Sell | 4 / 5 / 4 | Near-even split |
| Average target | $16.00 | −37.9% |
| Newest target | $25.00 | −3.0% |
| Recent high target | $30.00 | +16.5% |
Monday and week-ahead checkpoints
Price floor
Friday's $25.44 low is the first momentum test.
AI conversion
Watch for dollar-sized orders, not another percentage-growth claim.
Funding
Any first-lien refinancing can materially reduce cash interest.
Sources: Wolfspeed Q4 release · Earnings-call transcript · Price history · Analyst consensus. Price data as of Aug. 21, 2026, 4:00 PM EDT; after-hours data as timestamped. Annualized revenue, gap and interest figures are preliminary calculations from cited inputs. Fresh-start accounting limits the Q4 year-over-year comparison.
EarningsNZX:SKC
SkyCity Shares Climb 7% After NZ$30 Million Cost Restructure Offers New Earnings View
SkyCity Entertainment Group Limited saw its shares surge by 7.4% on Monday, boosting its equity value by around NZ$49.6 million. As of 10:26 a.m.…
NZX:SKC · Live-session investor dashboard
SkyCity’s cash reset gets a NZ$49.6m vote
The stock rallied after FY26 results shifted attention from falling profit to asset sales, cash conversion and cost benefits.
Market open
Price: August 24, 2026, 10:26 a.m. NZST
NZX data delayed 20 minutes
Share price
NZ$0.650
▲ 7.44% · +NZ$0.045
Market value
NZ$717m
1.103bn shares issued
Value added today
NZ$49.6m
1.65× FY27 benefit target
Underlying EBITDA
NZ$181.6m
▼ 22.3% in FY26
Why the stock is moving
Market priceRecovery path
Market’s implied bet
The rally capitalises 71% of the FY28 benefit target. Delivery still matters.
FY26 earnings: weak profit, stronger cash
| Underlying | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue | NZ$822.7m | NZ$825.2m | -0.3% |
| EBITDA | NZ$181.6m | NZ$233.7m | -22.3% |
| EBITDA margin | 22.1% | 28.3% | -6.2pp |
| Net profit | NZ$38.0m | NZ$71.5m | -46.9% |
| Operating cash inflow | NZ$121.7m | NZ$45.2m | +169.4% |
Balance-sheet bridge
FY26 leverage3.1×Net debt / underlying EBITDA
FY27 target<2.0×After planned asset sales
Sale proceedsNZ$275–300mExpected during FY27
Bond maturityNZ$175mMay 21, 2027
The asset programme equals 38%–42% of current market value. The Grand hotel agreement remains non-binding.
Analyst recommendation snapshot
| Mean recommendation | BUY |
| Analysts | 4 |
| Average target | NZ$1.012 · +55.7% |
| Low target | NZ$0.800 · +23.1% |
| High target | NZ$1.500 · +130.8% |
Targets may lag the newest earnings information.
What investors need next
| September 2026 | NZ$74.5m office-sale settlement |
| Late 2026 | Online-casino licence decisions expected |
| FY27 | NZ$30m annualised operating benefits |
| FY27 | Leverage below 2.0× |
| FY28 | NZ$70m total benefits target |
Risk lens
Soft discretionary spending, Adelaide remediation costs and the May 2027 bond maturity still matter. Asset-sale delays or weak savings would reopen the funding question. The regulated online opportunity is not secured; SkyCity must win a licence before it can participate.
DividendsEarnings
Chorus Announces 6.5% Minimum Dividend Following Ninefold Profit Increase
Chorus Limited increased its minimum dividend following a more than ninefold rise in annual profit. The New Zealand fibre provider stated its FY27 dividend…
NZX:CNU · FY26 results
Income floor, modest rerating case
NZX opening snapshot: August 24, 2026, 09:59:39 NZST
Market status: open
Market status: open
Share price
NZ$9.55
−0.10% vs Friday
FY27 dividend floor
NZ$0.62
6.49% implied yield
FY26 EBITDA
NZ$726m
+3% year on year
Net profit
NZ$37m
NZ$4m in FY25
Six-session price path (NZ$)
What moved the thesis
Cash returns rose. FY26 capital-allocation free cash flow reached NZ$368m, while gross capex fell 10%.
But value looks full. The NZ$9.46 consensus target is 0.94% below the opening price.
FY26 operating scorecard
Valuation and balance sheet
| Analyst rating split | 1 Buy / 3 Hold / 1 Sell |
| Average target | NZ$9.46 |
| Target range | NZ$8.43–NZ$10.26 |
| Net debt | NZ$3.174bn |
| Net debt / EBITDA | 4.37× |
FY27 watchlist
| EBITDA guidance | NZ$730m–NZ$760m |
| Gross capex guidance | NZ$375m–NZ$415m |
| Copper retirement target | 2028 |
| Fibre connections | 1.147m |
| Fibre uptake | 75.9% |
Investor read
The dividend floor is supported by stronger cash generation and falling legacy-network costs. The offset is leverage and a share price already above the average target.
Bias: income-led, with rerating dependent on delivery above the FY27 EBITDA midpoint.
Sources: Chorus FY26 results, investor presentation and annual report; NZX market data; Investing.com historical prices and five-analyst consensus. Yield is calculated from the NZ$0.62 minimum dividend and NZ$9.55 opening price. Prices and analyst targets may change.
NYSE:NUEStock Market
Nucor’s $5.7 Billion Tariff Selloff to Be Tested by Monday’s Market Reaction
Nucor Corporation saw its value drop by around $5.74 billion last week. Investors had anticipated reduced steel tariffs as part of a U.S.-Canada deal,…
NYSE:NUE · Weekend investor brief
Nucor tariff reversal test
Market data as of Friday, August 21, 2026, 4:00 PM EDT. U.S. regular trading is closed.
Friday close
$243.63
+1.31% Friday
Weekly move
−9.40%
−$25.28 per share
Value erased*
$5.74B
Preliminary estimate
Consensus target
$282.81
+16.1% implied upside
Five-session tariff-relief selloff
NUE closeLargest fall: −5.85% Wednesday
Source: Investing.com historical data. Regular-session closes.
Why the price moved
First: investors expected a U.S.–Canada deal to reduce 50% steel tariffs. That protection is valuable to domestic mills, so Nucor and Steel Dynamics sold off.
Now: talks have collapsed. The U.S. barrier remains, creating rebound potential Monday. Canada’s matching tariffs, including steel, cap the upside.
U.S. protection: positiveCanada retaliation: negativeMonday gap: key signalPeer move, August 14–21
Close-to-close. Sources: Investing.com and StockAnalysis historical prices.
What the operations say
| Q2 2026 | Result | Context |
|---|---|---|
| Sales | $10.40B | +23% YoY |
| Adjusted EPS | $4.84 | $2.60 prior year |
| EBITDA | $2.02B | $1.30B prior year |
| Mill shipments | 7.06M tons | +9% YoY |
| Cash + short-term investments | $2.69B | Quarter-end |
Source: Nucor’s July 27 second-quarter release.
Analyst recommendation map
| Firm | View | Target | Upside |
|---|---|---|---|
| Wells Fargo | Overweight | $297 | 21.9% |
| BMO Capital | Buy | $295 | 21.1% |
| Barclays | Overweight | $295 | 21.1% |
| Morgan Stanley | Equal-weight | $270 | 10.8% |
| UBS | Neutral | $256 | 5.1% |
Targets calculated against $243.63. The 17-analyst consensus is Buy with a $282.81 average target.
Monday levels
Friday close
$243.63 · first policy-repricing line
Consensus target
$282.81 · +16.1%
52-week high
$280.11 · stock is 13.0% below
Investor read-through
A strong Monday gap with heavy volume would show that the market is restoring Nucor’s tariff premium. The move can fade if Canada’s detailed steel list hits U.S. exports broadly. A revived negotiation would also put tariff-relief risk back into the stock.
Trade sources: U.S. Trade Representative and Prime Minister of Canada. *Estimated from 226.88 million shares outstanding.