This steel stock has surged in 2026. Why Morgan Stanley sees even more upside ahead

Ternium (TX) discussed Q2 2026 results and outlook. It said adjusted EBITDA rose, with margin expanding to 16.5% from 12.2% in Q1, and net income of $465 million. The company cited higher volumes and improved realized steel prices, plus trade measures in Mexico and Brazil. It expects sequential EBITDA growth in Q3 and noted downstream ramp-up with start-up expected in early 2027.

Ternium (NYSE:TX) reported first-half 2026 adjusted EBITDA of $1.2 billion, up 65% year over year, with EBITDA margin rising to 14% from 9%. Management said Q3 adjusted EBITDA should rise sequentially on higher shipments and margin, while costs per ton increase. It discussed Mexico trade talks, Pesquería ramp-up, capex of $1.6 billion for 2026, and dividend payments of $255 million in Q2.

Ternium S.A. (NYSE:TX) reported Q2 and first-half 2026 results for the period ended June 30, 2026. Adjusted EBITDA rose sequentially 50% to $717 million, and net income was $465 million. Capex was $431 million. The company expects Q3 2026 Adjusted EBITDA to increase, citing higher shipments and margin improvement.

JPMorgan initiated coverage of Nuvation Bio (NUVB) with an Overweight rating and a $13 price target, implying 100% upside. The bank cited strong sales of IBTROZI, a lung cancer drug launched in 2026, and potential from safusidenib, an experimental brain tumor drug. Nuvation reported Q2 2026 revenue of $31.7M, beating estimates, but still operating at a loss. The stock has fallen 18% YTD but gained 8% in the past five days.

Boeing's engineering and technician union rejected the company's contract proposal, approving a strike authorization. The union cited insufficient improvements in the offer, while Boeing expressed disappointment. The current contracts expire on Oct. 6, and no further talks are scheduled. The union represents around 20,000 aerospace professionals.

Boeing's shares fell 7.5% to $214.20 after 17,000 engineers and technical staff rejected a contract proposal and voted to strike, with a potential walkout starting October 7. The vote could impact certification and engineering tasks for key aircraft models, posing schedule risks. Boeing maintains its initial proposal and has initiated contingency measures.