Western Asset High Yield Opportunity Fund reports results for quarter ending on August 31

Western Asset High Yield Defined Opportunity Fund Inc. (NYSE: HYI) traded below its 200-day moving average on Monday, falling to $10.53 versus a 200-day average of $11.00 (200-day average cited as $10.99). Shares last traded at $10.5310. The fund also announced a monthly dividend of $0.095 per share, payable Aug. 31 to holders of record Aug. 24.

CTS Corporation (CTS) reported Q3 2026 revenue of $150M, up 5%, with gross margin at 42.2%, adjusted EBITDA margin at 24.7%, and adjusted diluted EPS. The company raised 2026 guidance to $580M-$590M in sales and $2.78-$2.88 adjusted EPS, citing strong execution and the integration of the Millar acquisition.

Boeing (BA) reported Q3 revenue of $24.2B, up 4% YoY, with adjusted loss narrowing to $0.34 per share. Free cash flow improved to $464M, but commercial airplane profitability remained weak. Analysts are divided on BA's cash flow outlook, with Jefferies lowering forecasts. BA's backlog is at a record $745B, and production milestones are being met, but investors seek stronger cash flow growth.

PayPal (PYPL) raised its 2026 EPS outlook to $5.60 from $5.38, citing cost reductions and expansion into new financial services. Q3 non-GAAP EPS rose 8% to $1.45, with adjusted free cash flow of $2B. The company plans $6B in share buybacks and $6.5B in adjusted free cash flow for the year. Venmo's payment volume grew 40%, but Europe faces checkout growth pressure due to tariff changes.

Coca-Cola (KO) reported Q3 2026 earnings, beating estimates with $0.91 adjusted EPS and $13.4B revenue. Revenue grew 7% organically, and guidance was raised. PepsiCo (PEP) also reported, with mixed results. The valuation gap between KO and PEP remains, with KO trading at a premium. Investors weigh fundamentals and momentum for both companies.

Royal Caribbean (RCL) reported Q3 adjusted EPS of $6.57, beating estimates, and raised full-year guidance. Revenue rose 9% YoY to $5.6B. Strong demand, higher net yields, and increased onboard spending offset rising fuel costs. Q4 net yields are expected to rise 4.2%-4.7%.