Latham Group Inc (SWIM) News & EventsSWIMNews & EventsLatham Group Inc

Mixed Finish for Major Averages as SpaceX Eyes $1T Revenue by 2029

The major averages had a mixed finish on Wednesday as investors weighed another wave of corporate earnings against continued tensions in the Middle East. Technology stocks remain the primary focus after SpaceX and AMD both reported quarterly results that topped expectations, but nevertheless saw their shares fall sharply in premarket trading.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SpaceXreported, with the company saying there's a "non-zero chance" of reaching $1T in revenue in 2029Disneyreportedbut lower-than-expected revenue for the periodUberreportedand provided a conservative outlook for Q3Eli Lillyreportedand narrowed its FY26 earnings outlookAMDreportedand provided an upbeat outlook for Q3 revenue2. WALL STREET CALLS:Best Buyto Hold at JefferiesBristol Myersto Buy at ArgusBurlington Storesto Neutral at CitiElf Beautyto Outperform at BernsteinTransDigmto Hold at Stifel3. AROUND THE WEB:Google'schief scientist Jeff Dean is leaving the company to launch Discovery Loop, an AI startup focused on automating scientific research, WSJ reportsJeff Smith's Starboard has taken a position in Shake Shack, Bloomberg reportsGooglehas assembled a $200B financing program for Anthropic, with more than $150B tied to TPUs and involving Broadcom, Blackstone, Apollo, Morgan Stanley, and others, FT saysHP, Asus, and Acerhave started using small amounts of DRAM chips from CXMT in their laptops for non-U.S. markets, amid an unprecedented memory shortage, Nikkei Asia reportsAstraZenecaand Bristol Myersare not engaged in merger discussions, ending speculation around a potential $400B pharmaceutical combination, Reuters says4. MOVERS:Digital Turbinewas higher afterand providing guidance for FY26Latham Groupincreased afterand raising its guidance for FY26Bloomin' Brandsand Cricutgained afterVishay Precisionfell afterand providing guidance for Q3Taboolaand SolarEdgewere lower in New York after5. EARNINGS/GUIDANCE:One Stop Systemsand raised its outlook for FY26EVgo, with CEO Badar Khan commenting on "another quarter of solid execution"Vishay, with EPS beating consensusGilat Satelliteand backed its guidance for FY26, with CEO Adi Sfadia calling it "another strong quarter"CVS Healthand raised its outlook for FY26INDEXES:The Dow rose 263.24, or 0.49%, to 54,349.12, the Nasdaq lost 221.55, or 0.83%, to 26,363.44, and the S&P 500 declined 12.97, or 0.17%, to 7,723.55.

Dow Rises Nearly 400 Points as Tech Stocks Remain in Focus

The major averages were mixed near noon, with the Dow up nearly 400 points as investors weigh another wave of corporate earnings against continued geopolitical tensions in the Middle East. Technology stocks remain the primary focus after SpaceX and AMD both reported quarterly results that topped expectations, but nevertheless saw their shares fall sharply in premarket trading.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SpaceXreported, with the company saying there's a "non-zero chance" of reaching $1T in revenue in 2029Disneyreportedbut lower-than-expected revenue for the periodUberreportedand provided a conservative outlook for Q3Eli Lillyreportedand narrowed its FY26 earnings outlookAMDreportedand provided an upbeat outlook for Q3 revenue2. WALL STREET CALLS:Best Buyto Hold at JefferiesBristol Myersto Buy at ArgusBurlington Storesto Neutral at CitiElf Beautyto Outperform at BernsteinTransDigmto Hold at Stifel3. AROUND THE WEB:Googlehas assembled a $200B financing program for Anthropic, with more than $150B tied to TPUs and involving Broadcom, Blackstone, Apollo, Morgan Stanley, and others, FT saysHP, Asus, and Acerhave started using small amounts of DRAM chips from CXMT in their laptops for non-U.S. markets, amid an unprecedented memory shortage, Nikkei Asia reportsApple'sannual sales in India exceeded $10B last year, demonstrating the surging demand for its devices in the market, Bloomberg reportsAstraZenecaand Bristol Myersare not engaged in merger discussions, ending speculation around a potential $400B pharmaceutical combination, Reuters saysJPMorganCEO Jamie Dimon is personally reaching out to other CEOs of large and major banks, asking them to join an industry group that focuses on addressing risks posed by AI, Reuters reports4. MOVERS:Digital Turbinehigher afterand providing guidance for FY26Latham Groupincreases afterand raising its guidance for FY26Bloomin' Brandsand Cricutgain afterVishay Precisionfalls afterand providing guidance for Q3Taboolaand SolarEdgelower in New York after5. EARNINGS/GUIDANCE:One Stop Systemsand raised its outlook for FY26EVgo, with CEO Badar Khan commenting on "another quarter of solid execution"Vishay, with EPS beating consensusGilat Satelliteand backed its guidance for FY26, with CEO Adi Sfadia calling it "another strong quarter"CVS Healthand raised its outlook for FY26INDEXES:Near midday, the Dow was up 398.75, or 0.74%, to 54,484.63, the Nasdaq was down 144.93, or 0.55%, to 26,440.06, and the S&P 500 was down 8.81, or 0.11%, to 7,727.71.

Company Reports Q2 Revenue of $197.47M, Exceeds Expectations

Reports Q2 revenue $197.47M, consensus $188.38M. Commenting on the results, Sean Gadd, President and CEO, said, "Second quarter sales growth was driven by execution of our strategic priorities and supports our expectations of continued share gains across our product lines. Our in-ground pool sales increased 22.5%, or 13.6% organically, led by fiberglass pool sales, which are on track to account for approximately 80% of our full year in-ground pool sales in 2026. Cover sales were up 10% in the second quarter, led by growth in autocovers, indicating a steady increase in attachment rates on new pool installations."