LNN News & Events

Lindsay Corporation's Board of Directors has declared a regular quarterly cash dividend of 38c per share, payable August 31, to shareholders of record at the close of business on August 17. This quarterly cash dividend rate represents a three percent increase to the previous quarterly indicated rate of 37c per share. The new annual indicated rate is $1.52 per share, up from the previous annual indicated rate of $1.48 per share.

The major averages had a mixed day before the long holiday weekend, with the Dow rising to a record high as traders considered the weaker-than-expected U.S. nonfarm payrolls for June and what it might mean for the path of rates. Meanwhile, the Nasdaq fell amid continued pressure on technology and semiconductor names. Chip stocks have experienced a notable pullback to begin the second half of the year, suggesting traders are taking profits after a strong run.Looking to the jobs report, the U.S. economy added 57,000 jobs in June, well below forecasts of 110,000 and a downwardly revised 129,000 in May. The unemployment rate dropped to 4.2% in June, down from 4.3% in May, as many people left the workforce.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:OpenAI has discussed giving the U.S. government a 5% stake in the company,Alphabethasof a EUR4.1B Android fine in EuropeTeslareported, beating expectationsRivianand raised its FY26 vehicle delivery forecastAppleis preparing a new iPad Pro and redesigned entry-level MacBook Pro for 2027,2. WALL STREET CALLS:DAPalantirto Buy, sees "gift" at current levelsAdobeto Buy at HSBCWolfeChevronto Outperform, sees "opportunistic" entry pointSkyWestto Neutral at Goldman SachsCanaccordInfleqtionat Buy, sees 70% upside3. AROUND THE WEB:Microsoftis merging its consumer and enterprise versions of its Copilot AI chatbot, The Information reportsAmazonwill begin internet services this year after its latest satellite launch, Bloomberg reportsSoftBankhas resumed discussions with lenders for a $10B loan backed by its stake in OpenAI, offering a repayment guarantee to address concerns over valuing private-company shares and reduce lenders' collateral risk, Reuters saysThe U.S. National Highway Traffic Safety Administration, NHTSA, closed a 2022 preliminary evaluation of 695,000 Teslavehicles over unexpected deceleration, citing less incidents and low hazard to drivers, Reuters saysAnthropic has started early-stage work on its own AI chip and has held talks with Samsungas a potential manufacturing partner, The Information says4. MOVERS:SurgePayssoared afterwith one of its wholesale wireless network providersAeroVironmentgained afterKratos Defensewas higher after beingfor a new air defense missile systemOusterwas lower after filing anArbor Realtyfell after Piper Sandlerits price target on the stock5. EARNINGS/GUIDANCE:APi Groupraised itsLindsay, with EPS and revenue beating consensusNational Beveragereported, with EPS and revenue lower year-over-yearGreenbrierand narrowed its guidance for FY26American Eaglebacked itsand FY26INDEXES:The Dow rose 594.83, or 1.14%, to 52,900.07, the Nasdaq lost 207.36, or 0.80%, to 25,832.67, and the S&P 500 advanced 0.010, or 0.00013%, to 7,483.24.

The major averages were mixed near noon, with the Dow rising to a record high as traders weigh weaker-than-expected U.S. nonfarm payrolls for June. Meanwhile, the Nasdaq was slipping amid continued pressure on technology and semiconductor names. Chip shares have experienced a notable pullback to begin the second half of the year, suggesting traders are taking profits after a strong run.Looking to the jobs report, the U.S. economy added 57,000 jobs in June, well below forecasts of 110,000 and a downwardly revised 129,000 in May. It is the lowest job gain in four months, but was roughly in line with the average monthly change over the prior 12 months. The unemployment rate dropped to 4.2% in June, down from 4.3% in May, as many people left the workforce.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:OpenAI has discussed giving the U.S. government a 5% stake in the company,Alphabethasof a EUR4.1B Android fine in EuropeTeslaof 480,126, beating expectationsRiviandelivered 12,194 vehicles in Q2 andAppleis preparing a new iPad Pro and redesigned entry-level MacBook Pro for 2027,2. WALL STREET CALLS:DAPalantirto Buy, sees "gift" at current levelsAdobeto Buy at HSBCWolfeChevronto Outperform, sees "opportunistic" entry pointSkyWestto Neutral at Goldman SachsCanaccordInfleqtionat Buy, sees 70% upside3. AROUND THE WEB:SoftBankhas resumed discussions with lenders for a $10B loan backed by its stake in OpenAI, offering a repayment guarantee to address concerns over valuing private-company shares and reduce lenders' collateral risk, Reuters saysUberhas dismissed two senior leaders at its AI data labeling business as part of a broader leadership transition, while maintaining that the division, which uses gig workers to prepare data for AI model training, continues to show strong momentum and remains an important growth initiative, Bloomberg reportsThe U.S. National Highway Traffic Safety Administration, NHTSA, closed a 2022 preliminary evaluation of 695,000 Teslavehicles over unexpected deceleration, citing less incidents and low hazard to drivers, Reuters saysProsecutors in Taiwan have detained two Super Microemployees following a raid of the company's offices over alleged shipments of Nvidiachips to China, Bloomberg reportsAnthropic has started early-stage work on its own AI chip and has held talks with Samsungas a potential manufacturing partner, The Information says4. MOVERS:SurgePayssoars after announcing anwith one of its wholesale wireless network providersAeroVironmentgains after being awarded aKratos Defensehigher after beingfor a new air defense missile systemOusterlower after filing anArbor Realtyfalls after Piper Sandleron the stock5. EARNINGS/GUIDANCE:APi Groupfor FY26Lindsay, with EPS and revenue beating consensusNational Beverage, with EPS and revenue lower year-over-yearGreenbrierand narrowed its guidance for FY26American Eaglefor Q3 and FY26INDEXES:Near midday, the Dow was up 0.65%, or 339.56, to 52,644.80, the Nasdaq was down 0.78%, or 204.12, to 25,835.91, and the S&P 500 was down 0.17%, or 13.05, to 7,470.18.

Stock futures are slightly higher, with pressure on technology and semiconductor names offset by steadier performance in other sectors. Technology leadership, particularly AI and semiconductor stocks, is showing some fatigue after a powerful second quarter rally. Chip shares experienced a notable pullback to begin the second half of the year, suggesting traders are taking profits after a strong run.Meanwhile, falling oil prices and easing geopolitical concerns have offered support to risk sentiment. Lower energy prices can help ease inflation pressures, potentially giving the Fed more flexibility later this year.The U.S. economy added 57,000 jobs in June, well below forecasts of 110,000 and a downwardly revised 129,000 in May. It is the lowest job gain in four months, but was roughly in line with the average monthly change over the prior 12 months. The unemployment rate dropped to 4.2% in June, down from 4.3% in May, as many people left the workforce.In pre-market trading, S&P 500 futures rose 0.35%, Nasdaq futures rose 0.54% and Dow futures rose 0.45%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Polyrizonup 8% after announcing results from its biocompatibility evaluation program for its proprietary Nasarix Allergy Blocker nasal sprayAeroVironmentup 5% after being awarded a $500M firm-fixed-price contract for the procurement of commercial counter-unmanned aerial systems and counter small-unmanned aerial systems capabilitiesRobinhoodup 3% after Mizuho raised the firm's price target on shares to $130 and maintained an Outperform rating on the sharesPalantirup 2% after DA Davidson upgraded the stock to Buy with a price target of $175, up from $165APi Groupup 1% after closing the acquisition of WTech Fire Group and boosting its FY26 outlookUP AFTER EARNINGS -Lindsayup 5%DOWN AFTER EARNINGS -Franklin Coveydown 19%LOWER -Bending Spoonsdown 6%, pulling back after its initial public offering yesterdayAlphabetdown 1% after the European Court of Justice confirmed the penalty imposed for Google Search's abuse of a dominant position in the context of the Android operating system