RBC Capital initiates coverage of SiriusPoint with Outperform rating, $30 price target

SiriusPoint Ltd. (NYSE:SPNT) reported Q2 2026 results for the quarter ended June 30, 2026. Net income available to common shareholders was $69m, or $0.58 per diluted share, with operating EPS of $0.67. Core combined ratio was 91.4%. Book value per diluted share ex-AOCI rose 3% to $19.48. For H1 2026, net income was $168m (+44%).

SiriusPoint Ltd (SPNT) filed an SEC Form 8-K — Results of Operations and Financial Condition. SiriusPoint Reports Second Quarter 2026 Net Income of $69m, Return on Equity of 12.0% and Operating Return on Equity of 13.8% HAMILTON, Bermuda, July 29, 2026 - SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT), a specialty underwriter, today announced results for its

Lockheed Martin (LMT) secured a $1.2B contract for Precision Strike Missile (PrSM) production, replacing the older ATACMS. The PrSM has a 500km range and can target moving land and naval assets. Recent tests were successful, but its use in Iran has sparked controversy. The U.S. Army aims to increase production amid missile shortages.

TD Cowen maintained an Outperform rating on Eli Lilly (LLY) with a $1250 price target, suggesting a 7.3% upside from the Sep 21 close. The firm cited strong growth prospects in emerging markets, a robust product pipeline, and resilient R&D efforts as key reasons for the rating.

Ryan Cohen, President of GameStop (NYSE:GME), purchased 1,150,680 shares on September 21, totaling $26.39M, according to an SEC filing. GameStop's stock rose 3.8% to $23.62. The company reported a 18.72% revenue decline but maintains a high gross margin of 43.66% and a low debt-to-equity ratio of 0.71.

Netflix (NFLX) shares fell 1% after HSBC downgraded the stock to Hold and cut its price target to $76 from $96. Analyst Mohammed Khallouf cited weak engagement and declining reception of original content. YouTube's growing TV share and Netflix's reduced viewing hours contributed to the downgrade. HSBC raised content-spend estimates but lowered EPS forecasts for 2027-2028.