$STUB

Jefferies downgraded Apple (AAPL) to Underperform, citing canceled September 2027 all-glass iPhone plans and a lower FY26–FY31 ASP growth outlook, with foldable iPhone 18 as the main growth driver. Citi downgraded Allstate (ALL) to Sell. Truist upgraded Best Buy (BBY) to Buy, raising its target to $95. BofA cut StubHub (STUB) to Underperform, and Wells Fargo upgraded Fox (FOXA) to Overweight, raising its target to $80.

StubHub Holdings (NYSE:STUB) reported Q2 results, with shares down 9.7% to $8.08 over the past week. Analysts said revenue beat forecasts by 12% and statutory EPS was flat. For 2026, consensus revenue is $2.02B and EPS $0.34, down from $2.03B revenue and $0.48 EPS. Average price target fell 13% to $11.63.

Goldman Sachs highlighted several stocks as buy ideas after their 2Q earnings, including Loar Holdings, Toast, MasTec, Quanta Services, and Stubhub. For Loar, it cited 2026 revenue, EBITDA and EPS guidance above consensus. For MasTec, Goldman cut its price target to $409 but kept a Buy. For Stubhub, it reiterated a Buy and 12-month PT of $16.

StubHub’s stock fell after its earnings call as investors focused on World Cup fulfillment complaints. In Q2, gross merchandise sales rose 34% to $3.1B and revenue grew 33% to $573.1M, but operations and support costs increased to $18.8M. CEO Eric Baker said StubHub added customer support spending, without disclosing a fulfillment success rate. Shares dropped from $8.54 to $7.68, then closed $8.08.

StubHub (STUB) shares fell about 14% after the company reported a second-quarter net loss despite a 33% revenue rise. StubHub posted a $40,000 net loss versus a $75.9 million loss a year earlier, while analysts expected a $43.7 million profit. Revenue was $573.1 million, helped by World Cup demand, but costs rose 37% to $553.6 million.

TicketSocket said it will integrate its white-label ticketing platform with StubHub and viagogo via their Open Distribution model, letting organizers push synchronized inventory to the marketplaces without changing primary ticketing systems or losing brand and customer data control. The firms cited access to 125 million fans across 200+ countries. No financial terms were disclosed.

Stocks rose after a favorable US PPI report. An Iranian military spokesperson said Iran controls Strait of Hormuz passage, responding to President Trump’s “total control” claim. Bloomberg Intelligence cited Q2 S&P 500 earnings growth near 32% and 85% of reported companies beating estimates. Rates markets shifted toward fewer hikes; 10-year yields fell. Notable movers included TSLA, META, CSCO, and MU.

The article cites an Iranian military spokesperson saying Iran authorizes and supervises safe passage through the Strait of Hormuz, responding to President Trump’s claim of US “total control.” It also reports S&P 500 Q2 earnings growth expectations near 32% versus 23% and 85% of 446 companies beating estimates, plus Treasury moves after a favorable PPI report. It lists several stock movers including META, MSFT, AMD, SOXX, CSCO, and CRM.

California’s Senate Appropriations Committee did not advance AB 1720, the “California Fans First Act,” which would have capped ticket resale prices at 10% above face value. The bill was opposed by StubHub, which reportedly spent “millions” on lobbying. Support included NIVA and music industry groups, with Live Nation also backing the measure.

StubHub (NASDAQ:STUB) shares fell after its earnings report showed a Q4 net loss of $535 million and revenue of $449 million. The company guided 2026 GMS of $9.9B to $10.1B and adjusted EBITDA of $400M to $420M. JPMorgan and Wedbush downgraded to Neutral, cutting price targets to $10, citing a reset outlook and limited visibility.