Target Hospitality Corp (TH) News & EventsTHNews & EventsTarget Hospitality Corp

Major Averages Trade Tepidly as Investors Await Nvidia Earnings

The major averages were trading in a tepid fashion near noon as investors digest the latest inflation data and await Nvidia's earnings report, which is set to be released after the close.The U.S. personal consumption expenditures price index rose 0.2% month-over-month in July, above market expectations of a 0.1% increase, following a 0.1% decline in June. Core PCE inflation, which excludes food and energy, increased 0.2%, matching the previous month's gain and market expectations.The new PCE data comes amid a focus on the bond market, which is getting some relief as oil prices slip on signs of progress toward managing shipping through the Strait of Hormuz. Brent crude has fallen for a third consecutive session, helping push Treasury yields lower and easing some of the inflation concerns that had pressured stocks over the past several weeks.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Metahas agreed toa federal social media addiction trial with state AGsIntuitreportedbut provided a worse-than-expected outlook for Q1 and FY27Kohl'sreportedand provided upbeat FY26 earnings guidanceJ.M. Smuckerprovided areport for Q1Palo Alto Networksis accelerating M&A under CEO Nikesh Arora as AI-driven threats fuel cybersecurity spending, with potential acquisitions including Datadogand Okta,2. WALL STREET CALLS:Intuitto Neutral at BofA and JPMorganTJXto Hold at JefferiesSolarEdgeto Buy at UBSTruistDick's Sporting Goodson deteriorating footwear trendsTruist alsoNikefollowing Dick's guidance cut3. AROUND THE WEB:SoftBankis talking with investment banks about a potential $10B-$20B bond offering to help refinance a loan for its investment in OpenAI, Bloomberg saysXPeng'srobotics unit, valued at over $6.3B, will begin mass producing its Iron humanoid robot this year, WSJ reportsChina's Moonshot AI is in discussions for revenue-sharing agreements with Microsoft, Amazon, and Google, which would allow the companies to host the Kimi K3 model, Reuters reportsMicrosoftemployee-reported compensation data highlights the company's intensifying AI talent competition, with pay packages reflecting efforts to retain skilled AI and cloud employees amid massive infrastructure investments, Business Insider saysCoinbaseCEO Brian Armstrong warned that tech founders are fleeing California over the state's "deeply un-American" proposed wealth tax, hinting his firm might be next to leave, NY Post reports4. MOVERS:Bath & Body Worksincreases after, providing guidance for Q3, and announcing its outlook for FY26Semtechgains afterand providing its guidance for Q3D-Wave Quantum (QBTS) higher after announcing theJohn MarkovichQfinfalls in New York after Citithe stock to SellSpyre Therapeuticslower after announcing results from its RA sub-study of5. EARNINGS/GUIDANCE:Williams-Sonomain what CEO Laura Alber called "a very strong second quarter"Abercrombie & Fitchand provided guidance for Q3Target Hospitalityfor FY26Movado, with EPS and revenue higher year-over-yearLi Autoand provided guidance for Q3INDEXES:Near midday, the Dow was down 88.91, or 0.17%, to 53,488.49, the Nasdaq was down 37.19, or 0.14%, to 26,114.11, and the S&P 500 was up 1.89, or 0.02%, to 7,679.17.

Investors Await Nvidia Earnings as Futures Show Little Change

Stock futures are little changed as investors largely sit on the sidelines ahead of Nvidia's earnings after the close.Investors are looking for evidence that the enormous AI infrastructure spending cycle remains intact, with Wall Street expecting quarterly revenue of roughly $92B for Nvidia. Given Nvidia's weighting in the major indexes and its importance to the semiconductor sector, a meaningful earnings beat or miss could have an outsized effect on the broader market.The bond market is getting some relief as oil prices fall below $90 a barrel on signs of progress toward managing shipping through the Strait of Hormuz. Brent crude has fallen for a third consecutive session, helping push Treasury yields lower and easing some of the inflation concerns that had pressured stocks over the past several weeks.In pre-market trading, S&P 500 futures fell 0.13%, Nasdaq futures fell 0.35% and Dow futures rose 0.03%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Cre8 Enterpriseup 157% after announcing that the number of customers it served and its project backlog each reached record levels as of June 30Target Hospitalityup 9% after reporting a new multi-year lease and services agreement to provide facility and hospitality services for a hyperscaler's data center development in the Pecos region of West TexasUP AFTER EARNINGS -Photronicsup 18%Abercrombie & Fitchup 12%Movadoup 5%J.M. Smuckerup 4%Donaldsonup 4%DOWN AFTER EARNINGS -Intuitdown 10%Kohl'sdown 8%Zoom Communicationsdown 6%Dycomdown 4%Bath & Body Worksdown 3%Li Autodown 2%Williams Sonomadown 1%Semtechdown 1%LOWER -Boston Scientificdown 6% after disclosing a cybersecurity incident affecting its information technology systems that has resulted in a global disruption to the company's operations

Target Raises FY26 Adjusted EBITDA Outlook to $105M-$115M

Consensus $415.77M. Raises FY26 adjusted EBITDA view to $105M-$115M from $85M-$95M. Backs FY26 capital expenditures view $490M-$510M. The company said, "As Target's growing portfolio of WHS contracts continues to come online and scale through 2026 and into 2027, the Company anticipates continued revenue and Adjusted EBITDA growth. This expanding operational scale, combined with strong unit economics, is expected to support further margin expansion over the same period. Together, these factors position the Company to achieve annualized revenue exceeding $750 million and annualized Adjusted EBITDA above $300 million exiting 2027. This projection is supported entirely by Target's existing contract portfolio and assumes no contribution from the Company's commercial pipeline."