LPL Financial Welcomes $340 Million Firm Williams Tax & Financial Services

LG Display reported a first-half 2026 operating profit of 39 billion won despite a 4.3% revenue decline to 11.15 trillion won. Cost reductions and a shift to higher-margin OLED products improved its cost-of-sales ratio to 86.3%. The company completed its exit from large-LCD business and plans further cost cuts.

Zacks Research downgraded LG Display (NYSE:LPL) from Hold to Strong Sell. Weiss Ratings later lowered it from Sell (d-) to Sell (e+). The stock fell 5.8% to open at $3.17. LG Display reported Q1 EPS of -$0.26 on revenue of $3.62B; analysts expect -$0.28 EPS for FY.

LG Display reported Q2 sales of 5.6121 trillion won and an operating loss of 107.7 billion won, citing one-time voluntary retirement costs of about 240 billion won. Excluding these costs, analysts said profitability improved. For H1, sales were 11.1461 trillion won with operating profit of 39 billion won. Securities firms cut target prices after results; iM and SK kept buy ratings.

Valero Energy (VLO) has gained 140% in 2026 due to high refining margins. Morgan Stanley raised its price target to $411, citing strong earnings and cash flows. VLO's Q2 profit was record-high, and it returned $2.6B to shareholders. Concerns include potential declines in refining margins and sustainability of shareholder returns.

Marathon Petroleum (MPC) stock has more than doubled in 2026, nearing all-time highs due to tight global refining supplies. UBS raised its price target to $450, citing strong refining margins and high shareholder returns. MPC's Q2 profits quadrupled, but risks include potential margin declines and operational challenges. Hedge funds increased holdings in MPC during Q2 2026.

GM Defense delivered missile components to Lockheed Martin in 22 days, per the companies. The deal's value and details are confidential. Both firms highlight the speed and potential for future defense collaborations.