The Tip Desk

September 2026

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Growth That Stops Paying Its Own Debt

Across a stretch of consumer and industrial names, rising revenue is decoupling from the cash flow that lenders actually count, and nowhere is the gap as consequential as inside a securitized franchise structure.
Fathom Files · September 14, 2026

Buybacks Diverge Across Retail and Chip Names

American Eagle halted program repurchases while Broadcom, Academy Sports and RH kept authorizations moving.
Filing Trends · September 14, 2026

IMF's August Slate Runs Five Article IVs Plus a Ghana Review

The Fund's August 2026 output centers on bilateral surveillance, with five Article IV consultations and one combined Ghana program review rounding out the month.
Central Banking · September 13, 2026

Lovesac Resale Platform Reaches 30 States

The furniture maker’s Loved by Lovesac program is now live in a limited set of markets after a June 2025 debut.
Product Launch Watch · September 12, 2026

Rafex Gold Files Resale Offering on Australian and Malaysian Leases

The Wyoming explorer is marketing existing shares tied to Bendoc, Mt Bute, Rutherglenn and Aur Gading.
IPO Watch · September 11, 2026

GameStop Insiders Bought $21.7 Million of Stock

Four GameStop insiders added 1.07 million shares in a week, the largest cluster of the period.
Insider Signal · September 11, 2026

Oracle Cloud Infrastructure Growth Reaches 121%

Remaining performance obligations rose $209 billion year-over-year to $664 billion after more than $30 billion of new AI cloud contracts.
Earnings · September 11, 2026

Macy’s Lifts Full-Year Sales and Earnings Outlook

The retailer raised 2026 comparable-sales guidance to 1.0%–1.5% after a fifth straight quarter of gains.
Earnings · September 11, 2026

Alliance Entertainment Gross Margin Expands 80 Basis Points to 13.3%

The entertainment commerce platform posted fiscal 2026 net revenues of $1.149 billion, up 8% from a year earlier.
Earnings · September 11, 2026

Adobe Posts Record $6.76 Billion Quarterly Revenue

The software company lifted full-year fiscal 2026 revenue targets to $26.576 billion to $26.626 billion after a third-quarter beat.
Earnings · September 11, 2026

Modine to Combine Performance Technologies With Gentherm

The Reverse Morris Trust deal is expected to close October 1, 2026, creating a scaled thermal-management company with Modine shareholders owning 40%.
Deals · September 11, 2026

ConnectOne Bancorp to Buy First Community Bank for $1.05 Billion

The Southeast regional lender will pay $10.50 a share in cash and stock, a 25% premium to First Community’s September 9 close.
Deals · September 11, 2026

Axogen to Buy BioCircuit Technologies in $200 Million Cash Deal

The peripheral-nerve-repair company said the purchase of NerveTape, the first FDA-approved sutureless repair device, will broaden its addressable market.
Deals · September 11, 2026

Arrow Financial to Acquire Skene Valley Agency

The Glens Falls bank holding company said the deal will expand Upstate Agency’s insurance operations in Washington County.
Deals · September 11, 2026

Copart to Buy ACV in $1.9 Billion Cash Deal

The online vehicle-auction operator will pay $10.50 a share to add a digital dealer-to-dealer wholesale platform and close by year-end 2026.
Deals · September 11, 2026

Scale Meets Its Integration Test

Bank mergers are lifting balance sheets for a concentrated group of lenders, but the lasting payoff depends on deposits, operating leverage, credit discipline and tangible capital.
Fathom Files · September 10, 2026

Wealthfront Revenue Growth Slows to 1% as Cash Assets Fall

The tech-driven financial platform posted $91.9 million of quarterly revenue and said Total Platform Assets passed $100 billion at the end of August.
Earnings · September 10, 2026

Sunbelt Rentals Lifts Fiscal 2027 Revenue Outlook to 6%–9%

Rental revenue rose 12.5% to a record $2,927 million in the fiscal first quarter ended July 31, 2026.
Earnings · September 10, 2026

Navan Lifts Fiscal 2027 Revenue Outlook to $933 Million

The travel platform posted $233 million of second-quarter revenue and raised full-year non-GAAP operating income to $82 million to $86 million.
Earnings · September 10, 2026

Gloo Lifts Fiscal 2026 Revenue Outlook to $200 Million

The faith-technology platform posted $46.6 million of second-quarter sales, 188% above a year earlier, and said it expects Adjusted EBITDA profitability in the fourth quarter.
Earnings · September 10, 2026

Sysco to Buy Jetro Restaurant Depot

The foodservice distributor said the deal would create a preeminent multi-channel foodservice distribution platform.
Deals · September 10, 2026

Plains All American Completes 100% Stake in EPIC Crude

The pipeline operator now owns the full EPIC Crude Holdings system and serves as operator of record of the Cactus III Pipeline.
Deals · September 10, 2026

NorthWestern Energy to Merge with Black Hills in All-Stock Deal

The combination of two Midwest utilities is structured as a merger of equals that would create a parent named Bright Horizon Energy.
Deals · September 10, 2026

Enbridge to Buy Tallgrass Energy in $2.55 Billion Cash Deal

The Canadian energy company said the purchase links Bakken, Powder River Basin and Denver-Julesburg crude through Cushing and complements its Express-Platte system.
Deals · September 10, 2026

Centerspace to Merge With Independence Realty Trust in $8.1 Billion Deal

The all-stock combination of two middle-market apartment REITs is expected to be about 5% accretive to 2027 Core FFO per share on a leverage-neutral basis.
Deals · September 10, 2026

Agnico Eagle to Buy Vizsla Copper in C$32 Million Asset Deal

The gold producer is taking Common Shares and Warrants as part of a stated push into high-geological-potential copper positions.
Deals · September 10, 2026

Analog Devices to Buy Alif Semiconductor in $1.35 Billion Cash Deal

The analog chipmaker said the purchase accelerates its “Physical Intelligence” push, pairing Alif’s digital processing with ADI’s sensing, power, and connectivity stack.
Deals · September 10, 2026

Alcoa to Buy South32 Assets in $4.1 Billion Deal

The aluminum producer will take Worsley Alumina, Hillside Aluminum and Brazil operations for $3.1 billion in cash plus about 17 million shares.
Deals · September 10, 2026

InnovAge Posts $9.8 Million Profit After Litigation Loss

The PACE operator reported $262.0 million of revenue in the three months ended June 30, 2026, and issued fiscal 2027 Adjusted EBITDA guidance of $105 million to $115 million.
Earnings · September 9, 2026

Casey’s Inside Same-Store Sales Slow to 3.2%

The convenience chain posted diluted earnings of $7.37 a share in the three months ended July 31, 2026, as fuel margin offset a 0.3% drop in same-store gallons.
Earnings · September 9, 2026

Braze Revenue Growth Slowed to 26% From 30%

The customer-engagement platform posted $227.2 million of sales and $22.0 million of non-GAAP operating income in the fiscal second quarter.
Earnings · September 9, 2026

Worthington Steel to Close Kloeckner Deal by January 2027

The metals processor said it is combining with Kloeckner to realize opportunities ahead in the metals-processing business.
Deals · September 9, 2026

WaFd to Buy EverBank Financial in $3.9 Billion Stock Deal

The Seattle-based lender said the all-stock combination is expected to be significantly accretive to earnings per share in 2027.
Deals · September 9, 2026

Solaris Energy Infrastructure to Buy Omega Foundation Services

The Houston power-infrastructure company said the deal adds specialized EPC and heavy civil construction to its full-cycle offering.
Deals · September 9, 2026

GE Aerospace to Buy Consolidated Precision Products for $11.75 Billion

The engine maker said the mixed-structure purchase of a casting supplier is meant to expand capacity across commercial engines, aftermarket and defense.
Deals · September 9, 2026

Franklin Electric Completes $350 Million Cat Pumps Deal

The pump maker closed a mixed cash-and-stock purchase that adds high-pressure technology and an industry-leading brand to its commercial and industrial flow control platform.
Deals · September 9, 2026

First Citizens Bank to Buy $5 Billion of BMO Deposits

The asset purchase adds $650 million in loans and extends the bank’s relationship-banking network nationwide.
Deals · September 9, 2026

Elemental Royalty to Close Vizsla Acquisition Soon

Antitrust approval clears the last regulatory hurdle for Elemental’s purchase of Vizsla’s Panuco silver-gold royalties.
Deals · September 9, 2026

Circle to Acquire Tazapay to Expand USDC Payouts

The stablecoin issuer said the deal will add 60-plus banking and fintech partners and 100-plus payout markets to its ecosystem.
Deals · September 9, 2026

Chime to Buy Stride Bank in $590 Million Cash Deal

The digital bank said the national charter and Stride’s infrastructure will underpin an end-to-end platform built for the AI era.
Deals · September 9, 2026

Sonida's Labor Costs Jump 26.6% as Wage Language Spreads

Sonida Senior Living put a dollar figure on labor inflation that most peers still describe only in hedged, forward-looking terms.
Theme Survey · September 8, 2026

Retailers and Software Firms Split on Buybacks

Abercrombie and Snowflake spent billions on repurchases while Best Buy, Dillard's, and Victoria's Secret paused or slowed.
Filing Trends · September 7, 2026

SEC Pressed Stanley Black & Decker on Non-GAAP Charge Labels

Stanley Black & Decker revised how it describes and discloses years of supply-chain restructuring costs after SEC staff repeatedly challenged which charges belonged outside GAAP earnings.
SEC Correspondence Focus · September 7, 2026

SEC Pressed Cooper Companies on Non-GAAP Gross Profit, Tax Adjustment

A year-long comment-letter dialogue pushed Cooper Companies to defend and eventually narrow its non-GAAP presentations while adding new segment and disclosure detail.
SEC Correspondence Focus · September 6, 2026

SEC Presses Coeur Mining on Non-GAAP Adjustments at Rochester, Las

Staff pushed Coeur Mining through months of comment letters over inventory-related add-backs to Adjusted EBITDA, forcing new disclosure but no retreat on the underlying adjustments.
SEC Correspondence Focus · September 6, 2026

SEC Pressed Air Products on Tax-Rate Math, Uzbekistan Deal

Across letters spanning 2022 to 2026, the SEC pushed Air Products to reconcile a $695 million tax benefit and to justify treating a $1 billion Uzbekistan facility purchase as a loan rather than a sale.
SEC Correspondence Focus · September 6, 2026

Bad Boy Mowers to Buy Excel Industries in Asset Deal

Stanley Black & Decker said the sale refines its portfolio and concentrates resources on higher-growth opportunities.
Deals · September 5, 2026

SoundHound AI to Acquire LivePerson in All-Stock Deal

The voice-AI company said the combination pairs its agentic voice platform with LivePerson’s digital messaging to create an end-to-end omnichannel engagement stack.
Deals · September 5, 2026

Flex to Buy EPC Power in $4.4 Billion Deal

The electronics manufacturer said the purchase expands its Cloud and Power Infrastructure unit as data centers shift to 800V power architectures.
Deals · September 5, 2026

Lululemon Cuts Full-Year Sales Outlook to $10.35 Billion

The athletic-apparel maker now expects fiscal 2026 net revenue of $10.350 billion to $10.500 billion, a 5% to 7% decline.
Earnings · September 4, 2026