Rithm Capital earns S&P upgrade to ’B+’ following steady revenue diversification

Rithm Capital Corp. (RITM) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 ritm-2026630x8xkxexhibit991.htm EX-99.1 Document Exhibit 99.1 Rithm Capital Corp. Announces Second Quarter 2026 Results NEW YORK, NY - (BUSINESS WIRE) — Rithm Capital Corp. (NYSE: RITM; “Rithm Capital,” “Rithm” or the “Company”) today reported the following information

Investing.com reports Rithm Property Trust (RITM) shares rose 14% in pre-open after investors reassessed its planned $300 million public equity offering and $200 million private placement with an affiliate of Rithm Capital. Proceeds fund a Genesis affiliates multifamily transition loan portfolio with about $951.1 million unpaid principal balance. Preliminary Q2 2026 results showed GAAP comprehensive income and book value near $30.30; analysts’ 12-month target is $22.

BTIG downgraded Rocket, Fannie Mae and Freddie Mac to neutral from buy in Doug Harter’s second-half outlook, citing a tougher-than-expected rate environment and reduced visibility on “normalized” earnings. For Fannie/Freddie, BTIG said uncertainty around conservatorship timing limits near-term upside; it valued Fannie at $26 and Freddie at $32 in a positive case, but $4 each if preferreds convert to common. BTIG kept UWM at buy but cut its price target to $4 from $10 amid leverage/dividend conce

Northrop Grumman (NOC) stock is down 5.3% this week after losing a U.S. Navy contract to Boeing (BA). Bank of America remains bullish, citing Northrop's other major defense programs. NOC is down 15% year-to-date. Boeing's win strengthens its military aviation position. Retail sentiment on Stocktwits is bearish.

Tencent reportedly leased 100,000 AI chips from Oracle in a $7B deal over 5 years, with a 30% upfront payment. The agreement involves multiple data centers in Southeast Asia, according to the Financial Times. Neither company has confirmed the arrangement, which comes amid U.S. restrictions on high-performance semiconductor exports to China.

Mizuho upgraded BJ’s Restaurants (BJRI) to Outperform, raising its price target to $76. The firm increased its Q3 same-store sales growth estimate to 5.5% and raised EBITDA estimates for 2026 and 2027. BJRI trades at 7.6x 2027 EBITDA, below the peer average. Recent Q2 revenue beat expectations, with same-store sales up 6.5%.