Dow Jones Top Company Headlines at 7 AM ET: PepsiCo Posts Higher Profit, Sales as Turnaround Continues | Samsung ...

Dow Jones2026/10/08 11:00

By:Dow Jones

PepsiCo Posts Higher Profit, Sales as Turnaround Continues The snacks and soda maker posted fiscal third- quarter profit of $3.05 billion, or $2.23 a share, compared with $2.6 billion, or $1.90 a share, a year earlier. ---- Samsung Expects Operating Profit to Exceed $80 Billion for First Time The memory giant remains a key beneficiary of global demand for advanced chips as companies invest heavily in AI infrastructure and applications. ---- Tesco Lifts Lower End of Profit Outlook on Sales Momentum The supermarket chain's pretax profit rose 11.5% and it expects further momentum. ---- Porsche AG Increases Stake in Manthey Racing to 67% The company raised its stake in German auto racing team and performance tuning company as part of its strategy to expand individualization options on its cars. ---- U.K. Regulators Ready Green Light for $4 Billion ATM Tie-Up Between Brink's, NCR Atleos Authorities said the offer to sell off some parts of Brink's business should address concerns over the ATM operator's planned acquisition of its rival. ---- Uniqlo Owner Posts Record Annual Profit, Expects Further Growth Fast Retailing reported record annual net profit, driven by strong earnings across regions, and projected further profit growth this fiscal year. ---- Oil Majors Cut Production in Gulf of Mexico as Tropical Storm Isaias Strengthens Companies operating in the gulf have begun curbing production and evacuating personnel from offshore facilities as the region braces for a powerful storm. ---- Imperial Brands to Launch $2 Billion Buyback The tobacco company expects to meet its targets for the fiscal year through September, and set out plans to buy back in shares in fiscal 2027. ---- Vodafone Raises Savings Target for U.K. Unit The group expects cost savings for its U.K. unit VodafoneThree to reach €1 billion by the year ending March 2032. ---- The AI Price War Is Heating Up-and OpenAI Is Gaining Ground on Anthropic Both companies need to show Wall Street they have sustainable businesses ahead of planned IPOs. ---- Fired Ope

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PepsiCo Posts Higher Profit, Sales as Turnaround Continues

The snacks and soda maker posted fiscal third- quarter profit of $3.05 billion, or $2.23 a share, compared with $2.6 billion, or $1.90 a share, a year earlier.

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Samsung Expects Operating Profit to Exceed $80 Billion for First Time

The memory giant remains a key beneficiary of global demand for advanced chips as companies invest heavily in AI infrastructure and applications.

----

Tesco Lifts Lower End of Profit Outlook on Sales Momentum

The supermarket chain's pretax profit rose 11.5% and it expects further momentum.

----

Porsche AG Increases Stake in Manthey Racing to 67%

The company raised its stake in German auto racing team and performance tuning company as part of its strategy to expand individualization options on its cars.

----

U.K. Regulators Ready Green Light for $4 Billion ATM Tie-Up Between Brink's, NCR Atleos

Authorities said the offer to sell off some parts of Brink's business should address concerns over the ATM operator's planned acquisition of its rival.

----

Uniqlo Owner Posts Record Annual Profit, Expects Further Growth

Fast Retailing reported record annual net profit, driven by strong earnings across regions, and projected further profit growth this fiscal year.

----

Oil Majors Cut Production in Gulf of Mexico as Tropical Storm Isaias Strengthens

Companies operating in the gulf have begun curbing production and evacuating personnel from offshore facilities as the region braces for a powerful storm.

----

Imperial Brands to Launch $2 Billion Buyback

The tobacco company expects to meet its targets for the fiscal year through September, and set out plans to buy back in shares in fiscal 2027.

----

Vodafone Raises Savings Target for U.K. Unit

The group expects cost savings for its U.K. unit VodafoneThree to reach €1 billion by the year ending March 2032.

----

The AI Price War Is Heating Up-and OpenAI Is Gaining Ground on Anthropic

Both companies need to show Wall Street they have sustainable businesses ahead of planned IPOs.

----

Fired OpenAI Researchers Ask Company to Preserve Visibility Into AI Reasoning

In a letter to the board, recently terminated employees ask the industry not to move forward with work that would degrade the ability to monitor AI.

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Levi Strauss Uses Tariff Refunds to Rekindle Consumer Business

Levi's direct-to-consumer business fell short of internal expectations in the third quarter due to lower sales in the U.S. and Europe, Chief Executive Michelle Gass said.

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Wolfspeed Stock Soars on Financing Deal with Pentagon

The Pentagon is providing more capital to ensure strong domestic supply of key materials.

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Applied Digital's Earnings Show Its Data Center Bet Is Starting to Pay Off

Applied Digital reports a 322% year-over-year jump in revenue.

(END) Dow Jones Newswires

October 08, 2026 07:00 ET (11:00 GMT)

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By Doug Busch Shopify is no longer a pandemic-era growth story that simply failed to slow down. It is compounding at a pace few software platforms its size still manage. In the second quarter of 2026, sales on its platform rose 32%. That was the fifth straight quarter of growth exceeding 30%. Merchants are also using more of Shopify's own tools, from payments to Shop Pay, and new channels like AI shopping agents are starting to increase demand. The simple bull case is that the stock already commands a huge share of independent online commerce, and that position should become more valuable as more buying moves through its checkout. A rule of market mechanics is that the vast majority of an individual security's gain is driven by its underlying sector. Within technology, software has staged a robust recovery, joining semiconductors to power the broader sector higher. The iShares Expanded Tech-Software Sector ETF has maintained an upward trajectory since its mid-April lows, though the advance from $74 to $112 has been choppy as bulls repeatedly stepped in to defend when necessary. Breadth across large-cap software has expanded significantly, with 24 constituents surging over 20% over the past three months. During that same three-month window, Shopify generated outstanding relative strength, advancing 36%, more than doubling the IGV's 17% gain over the same period. Expect the stock's outperformance to persist as software momentum broadens. Let's examine the daily and monthly charts to outline the technical drivers behind this thesis. Looking at the daily chart, the ratio chart against the IGV shows persistent outperformance extending back to mid-May. The stock is riding an eight-session winning streak, during which price action cleared a double-bottom-with-handle pivot at $151.39. Within this broader base, the stock recorded a bullish golden cross in late August and successfully filled its Sept. 10 price gap, tracing back to its Aug. 4 session, the day before a powerful earnings reaction sent the stock surging 17% hi

Dow Jones•2026/10/09 03:10