Weekly Recap: H1 2026 sales, margin rise and Premarket jump on StoneX Buy

StoneX Group (SNEX) launched a synthetic credit structure with DeltaTerra for mortgage bonds, enabling institutional investors to gain exposure via credit default swaps. The company reported strong fiscal Q3 results, with revenue up 47% and net income more than doubling. Growth was driven by commercial and institutional segments, while retail segment revenue declined. Interest expenses and variable costs increased, and a new structured product aims to capitalize on a market event. Hedge funds ha

StoneX upgraded Ceva to Buy from Hold, setting a $42 price target. The firm cited a 30% share price decline since mid-July and potential upside for FY27 and FY28. The analyst also noted possible revenue acceleration as a catalyst.

StoneX upgraded Block (XYZ) to Buy with a $105 price target. Goldman Sachs also gave a Buy rating, while Scotiabank initiated coverage with a Hold. Block reported Q2 revenue of $6.62B and net profit of $88.52M, up from $6.05B and $538.46M last year.

StoneX Financial initiated coverage of Robinhood Markets with a Buy rating and $170 price target, implying 45% upside. Analyst Mark Palmer cited accelerating growth trends, including Q2 net revenue up 32% YoY to $1.31B. Crypto revenue dropped 38% but now represents 8% of net revenue. Palmer highlighted Robinhood's expansion into exchange platforms and blockchain infrastructure, with Robinhood Chain's launch and strong fee collections. Prediction markets also showed significant growth, with Q2 re

StoneX reaffirmed a Buy rating and $240 price target on XPO, citing strong LTL trends and pricing discipline. XPO's Q2 2026 earnings beat estimates, with revenue up 13% YoY. Moody's upgraded XPO's rating to Ba1, while BofA maintained a Buy rating but lowered its target to $228. XPO's stock is up 36% YTD, with a market cap of $22.46B.

StoneX initiated coverage on PulteGroup (NYSE:PHM) with a buy rating and $148 target, citing 10% CAGR, 15% ROE, and strong margins. PHM trades at a P/E of 12.68, deemed undervalued. Q2 2026 earnings beat estimates with $2.48 EPS on $3.98B revenue. Wolfe Research and Citizens also issued positive ratings. NAHB's Housing Market Index rose to 35 in August 2026.