Applied Materials (AMAT) stock has shown strong returns over the past five years, but its current valuation suggests it's leaning expensive rather than being an undervalued bargain. While the company's P/E ratio is in line with or below industry averages and its growth profile supports a tailored benchmark P/E, this indicates the stock is currently priced about right. Future performance will depend on its ability to maintain earnings and margins amidst sector cyclicality and trade risks.

EPAM Systems Inc. (EPAM) stock rallied 2.97% on Monday, closing at $86.38, despite an overall down day for the stock market. However, the company's stock still underperformed its competitors and remains significantly below its 52-week high, dropping 61.18% from the $222.53 peak achieved on January 15th.

L3Harris Technologies has secured a $955 million contract from the U.S. Space Force's Space Development Agency to produce 18 satellites for the Golden Dome missile defense shield. This contract contributes to President Donald Trump's Golden Dome plan, bringing L3Harris's total orders for missile-tracking and defense satellites to at least 70, with five already in orbit. The satellites are designed to detect and track advanced missile threats, and production will begin immediately.

Microsoft's 2026 Environmental Sustainability Report indicates a 25% increase in total emissions year-over-year due to the expansion of cloud and AI infrastructure, despite significant progress in water replenishment, renewable electricity use, and waste reduction. The report highlights Microsoft's efforts to manage the environmental impact of its datacenters, linking AI growth to increased resource demand while emphasizing its commitment to build sustainable infrastructure. The company also detailed advancements in water efficiency, waste recycling, and initiatives to integrate sustainability into AI skills development and educational tools.

Fortinet (FTNT) saw a 1.97% gain, closing at $160.62, outperforming the S&P 500, Dow, and Nasdaq which all experienced daily losses. The company is set to release its earnings report on July 29, 2026, with predictions of 17.19% EPS growth and 15.44% revenue increase compared to the prior year. Analyst estimates for Fortinet have shown upward revisions, and the stock currently holds a Zacks Rank of #3 (Hold).

Arista Networks (ANET) raised its full-year forecast to $11.5 billion, targeting 28% revenue growth and doubling its AI-specific sales to $3.5 billion. However, despite this strong demand, the stock initially dropped due to management's warning about supply chain constraints lasting "1- or 2-year phenomenon," leading to investor hesitation. The market is weighing the historic demand against supply limitations and potential gross margin pressure.

L3Harris Technologies has secured a contract from the U.S. Space Force’s Space Development Agency (SDA) to construct 18 missile-tracking AMDT3 satellites. These satellites are intended to enhance the Golden Dome component of America's space-based defense system. The primary function of these new satellites will be to detect and track missiles.

F5 (FFIV) has appointed Cathy Peterman as Executive Vice President and Chief People Officer, leveraging her experience from Wayfair and Amazon in scaling talent and organizational change, particularly with AI. This move underscores F5's commitment to talent development and AI-driven transformation, which is crucial as the company focuses on AI and cybersecurity. The appointment is expected to help align F5's workforce with its product roadmap and long-term execution, especially in the competitive AI security and hybrid multicloud solutions market.

Silver Lake Technology Investors V, L.P. and affiliated entities reported the open-market sale of 601 Dell Class C Common Stock shares on July 9, 2026, at prices ranging from $440s to $460s. In connection with these sales, 600 Class B Common Stock shares were converted to Class C shares. Despite these transactions, Silver Lake maintains significant indirect holdings, including 43,521,094 convertible Class B shares, and director Egon Durban holds substantial direct and indirect Class C shares.

Affiliates of Silver Lake and Dell Technologies director Egon Durban sold 600 shares of Dell Technologies Class C Common Stock for $272,578 on July 9, 2026, following the conversion of Class B shares. This sale comes after Dell's stock experienced a 260% surge over the last six months. Despite the sale, Silver Lake affiliates and Mr. Durban still substantial holdings in both Class B and Class C common stock.