Picks for 2026-08-24

1. BWBabcock & Wilcox Enterprises, Inc.

   BW Offshore (BW) shares are down today after the company reported a Q2 net loss of $102.1 million, driven by a $125 million non-cash impairment charge on its BW Opal floating production storage and offloading vessel. The company also revised its full-year 2026 EBITDA guidance down to $250-$280 million from the previous $310-$340 million, due to the BW Opal's practical completion being pushed to Q2 2027. This news comes despite a maintained quarterly dividend and strong performance from its contracted fleet.

   5-day return -1.95% · -2.42% vs SPY · lagged SPY

2. MDGLMadrigal Pharmaceuticals, Inc.

   Madrigal Pharmaceuticals (MDGL) is seeing upward momentum today, largely driven by news that BlackRock Inc. acquired a new position of 1.2 million shares in the second quarter, valued at approximately $644.8 million and representing a 5.2% stake. This institutional buying follows the company's better-than-expected Q2 2026 earnings reported on July 30th, where Rezdiffra sales grew 71% year-over-year to $364.3 million, exceeding analyst estimates.

   5-day return +5.48% · +5.01% vs SPY · beat SPY

3. WULFTeraWulf Inc.

   WULF is seeing mixed signals today after the Kentucky Public Service Commission approved an electric service agreement for up to 482 megawatts of power to its Justified Data Campus, a critical step for its AI infrastructure expansion. This positive development follows a significant Q2 earnings miss reported on August 21st, where the company posted a much wider loss than expected and missed revenue estimates, contributing to recent bearish sentiment and a downward trend in the stock price. The stock is currently trading lower, reflecting the market weighing the long-term growth potential against immediate financial challenges and a high valuation.

   5-day return -2.26% · -2.73% vs SPY · lagged SPY

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