To The Moon

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Nineteen U.S. stocks with market caps above $10 billion are trading at fresh all-time highs as of July 31, 2026. The top 10 span mega-cap e-commerce and cloud infrastructure, global and regional banking, industrial power management, off-price retail, consumer wearables, video game publishing, luxury cruise travel, and diversified wealth management—a cross-section pointing to AI infrastructure spending, record bank profitability, and resilient high-end consumer demand as the market's current momentum drivers.

The top 10 tickers leading this cohort - $Amazon.com(AMZN)$, $HSBC Holdings PLC(HSBC)$, $Eaton Corp PLC(ETN)$, $Banco Bilbao Vizcaya Argentaria SA(BBVA)$, $Ross(ROST)$, $Garmin(GRMN)$, $Electronic Arts(EA)$, $Viking Holdings Ltd.(VIK)$, $Raymond James(RJF)$, $Principal(PFG)$

• AI capex validates the hyperscaler trade: Amazon's AWS reaccelerated to 37% growth — its fastest in 18 quarters — while Q2 revenue crossed $200 billion for the first time, sending the stock up over 15% and pulling its price near record highs. Eaton and Garmin are riding the same infrastructure wave from the supply side, with Eaton's data-center-driven Electrical Americas backlog up 33% and Garmin posting a record quarter on wearables demand.

• European and Latin American banks are re-rating on record profitability: HSBC's Q2 profit after tax jumped 63% year-over-year to $7.9 billion, while BBVA delivered record quarterly profit of €3.06 billion and lifted its 2026 ROTE target to around 21%, both underscoring how non-US financials are closing the valuation gap with Wall Street peers.

• US consumer resilience shows up in off-price retail and travel: Ross Stores' comparable sales accelerated on strong branded-apparel demand, while Viking Holdings' 17.5% revenue growth and improving booking curves point to sustained appetite for premium experiential travel even as broader discretionary spending stays uneven.

• Wealth management and insurance benefit from record markets and disciplined capital return: Raymond James posted record quarterly revenue of $3.93 billion on surging client assets, and Principal Financial Group grew adjusted earnings 17% while raising its dividend for the 13th straight quarter — both reflecting how fee-based, asset-linked business models scale with rising markets.

1. $Amazon.com(AMZN)$

• Core Business:
  E-commerce marketplace, AWS cloud infrastructure, digital advertising, and a growing AI/chips business spanning consumer devices and generative AI services.

• Latest Developments:
  On July 30, 2026, Amazon reported blowout Q2 2026 results, with AWS revenue accelerating to $42.2 billion, up 37% year-over-year — its fastest growth in 18 quarters. Amazon also disclosed that, subsequent to June 30, 2026, it invested the remaining $21.3 billion of its committed stake in OpenAI Series C preferred stock. The stock surged over 15% on July 31, 2026, its steepest post-earnings move in years.

• Q2 2026 Financial Highlights:
  Net sales rose 20% year-over-year to $200.6 billion, beating the $196.4–197 billion consensus; AWS revenue hit $42.2 billion; operating income climbed 43% to $27.5 billion; EPS came in at $5.75 versus a $1.82 estimate, aided by a $53.4 billion non-operating gain tied to Amazon's Anthropic investment.

• Price Target Outlook:
  Rating Strong Buy. Morgan Stanley analyst Brian Nowak raised the price target from $330 to $335. Goldman Sachs lifted its target from $335 to $375, while JPMorgan and Barclays each raised targets from $330 to $365.

2. $HSBC Holdings PLC(HSBC)$

• Core Business:
  Global banking group spanning wealth management, commercial banking, and wholesale/transaction banking across the UK, Hong Kong, and international markets.

• Latest Developments:
  HSBC published its Interim Results 2026 on August 4, 2026. Profit before tax rose $3.8 billion, or 60%, to $10.1 billion versus Q2 2025, reflecting a $2.6 billion net favorable impact from notable items alongside growth in banking net interest income.

• Q2 2026 Financial Highlights:
  Profit after tax increased 63% year-over-year to $7.9 billion, driven by growth in banking net interest income and higher fee and other income, primarily in Wealth and wholesale banking.

• Price Target Outlook:
  Rating Strong Buy. Citi raised its price target from 1,470 GBp to 1,640 GBp on July 16, 2026. JPMorgan raised its target from 1,370 GBp to 1,380 GBp on July 21, 2026.

3. $Eaton Corp PLC(ETN)$

• Core Business:
  Industrial power management across Electrical (Americas and Global), Aerospace, and Mobility segments, serving data center, industrial, and defense end markets.

• Latest Developments:
  On July 31, 2026, Eaton reported record Q2 results and announced plans to separate its Mobility business through a roughly $5.1 billion Reverse Morris Trust transaction with Dana, targeted to close in early 2027, with Eaton retaining at least 50.1% of the combined entity and receiving about $1.1 billion in cash.

• Q2 2026 Financial Highlights:
  Adjusted EPS of $3.15 rose 6.8% year-over-year, beating the $3.08 consensus; revenue grew 21.4% to $8.53 billion (14% organic); Electrical Americas posted record sales of $4.0 billion with 33% backlog growth. Eaton raised full-year adjusted EPS guidance to $13.40–$13.60.

• Price Target Outlook:
  Rating Strong Buy. Evercore ISI analyst David Raso upgraded the stock to Outperform and raised the price target from $453 to $502. BMO Capital analyst Daniel DiCicco raised the target from $477 to $487.

4. $Banco Bilbao Vizcaya Argentaria SA(BBVA)$

• Core Business:
  Spanish banking group with retail, wholesale, and private banking operations concentrated in Spain, Mexico, and South America.

• Latest Developments:
  On July 30, 2026, BBVA reported record quarterly profit and announced a new €2 billion extraordinary share buyback program, to begin August 5, 2026, reflecting confidence in sustained capital generation.

• Q2 2026 Financial Highlights:
  Net attributable profit rose 11.4% year-over-year to a record €3.062 billion, beating the €2.96 billion estimate; net interest income grew 22.9% year-over-year; ROTE reached 22.2% for H1 2026, prompting management to raise its full-year ROTE guidance to around 21% from above 20%.

• Price Target Outlook:
  Rating Buy. Goldman Sachs analyst Sofie Peterzens raised the price target from €26.40 to €27.20 on July 10, 2026, while maintaining her Buy rating.

5. $Ross(ROST)$

• Core Business:
  Off-price retailer of apparel, accessories, footwear, and home fashions operating under the Ross Dress for Less and dd's DISCOUNTS banners.

• Latest Developments:
  Following its Q1 2026 beat, Ross Stores announced 47 new store openings across June and July 2026, continuing an aggressive off-price expansion strategy amid strong customer traffic trends.

• Latest Earnings Highlights:
  In its most recent quarterly report (Q1 2026, reported May 21, 2026), EPS of $2.02 beat the $1.73 consensus by $0.29; revenue rose 20.6% year-over-year to $6.01 billion; net margin was 9.43%.

• Price Target Outlook:
  Rating Strong Buy. Telsey Advisory Group analyst Dana Telsey raised the price target from $240 to $265 and maintained an Outperform rating.

6. $Garmin(GRMN)$

• Core Business:
  Designs GPS-enabled devices and wearables across Fitness, Outdoor, Aviation, Marine, and Auto OEM segments.

• Latest Developments:
  On July 29, 2026, Garmin reported a record Q2 and announced the acquisition of TrainingPeaks and TrainHeroic, adding roughly 120 employees to expand its endurance and strength-training software ecosystem.

• Q2 2026 Financial Highlights:
  Revenue rose 11% year-over-year to $2.02 billion, beating the $1.94 billion estimate; pro forma EPS of $2.81 jumped 29% year-over-year, beating the $2.30 consensus by roughly 23%; Fitness segment revenue surged 25% to $757 million. Garmin raised full-year EPS guidance to $10.00 from $9.35.

• Price Target Outlook:
  Rating Buy. Barclays analyst Tim Long raised the price target from $238 to $297. JPMorgan raised its target from $285 to $295, and Morgan Stanley raised its target from $249 to $289.

7. $Electronic Arts(EA)$

• Core Business:
  Global video game publisher behind franchises including EA SPORTS FC, Battlefield, Apex Legends, The Sims, and Madden NFL.

• Latest Developments:
  EA remains under a pending $55 billion all-cash take-private acquisition by a consortium of Saudi Arabia's Public Investment Fund, Silver Lake, and Affinity Partners at $210 per share, announced September 29, 2025; as of its Q4 FY2026 report, EA said a limited number of regulatory reviews remained outstanding, capping the stock's trading range near the deal price.

• Latest Earnings Highlights:
  In its most recent quarterly report (Q4 FY2026, reported May 5, 2026), revenue rose 3.6% year-over-year to $2.12 billion, beating the $1.98 billion estimate, though EPS of $1.81 missed the $2.39 consensus; full-year FY2026 net bookings rose 9% to a record $8.03 billion.

• Price Target Outlook:
  Trading above the average analyst price target of $204.45 given the pending buyout at $210 per share, which effectively anchors near-term upside.

8. $Viking Holdings Ltd.(VIK)$

• Core Business:
  Operates river, ocean, and expedition cruises targeting English-speaking travelers, with a fleet of over 100 vessels.

• Latest Developments:
  Viking took delivery of its newest ocean ship, the Viking Mira, and announced a leadership transition in which President and CFO Leah Talactac is set to become CEO, ensuring continuity in strategy.

• Q1 2026 Financial Highlights:
  Revenue grew 17.5% year-over-year; EPS of -$0.11 met the -$0.11 consensus, a sharp improvement from -$0.24 in the prior-year quarter, supported by robust advance bookings for 2026 and 2027.

• Price Target Outlook:
  Rating Strong Buy. BofA raised its price target from $97 to $115. Goldman Sachs raised its target from $95 to $108.

9. $Raymond James(RJF)$

• Core Business:
  Diversified financial services firm spanning Private Client Group (PCG) wealth management, capital markets, asset management, and banking.

• Latest Developments:
  Raymond James completed its acquisition of Clark Capital in the fiscal third quarter, adding $47 billion in assets and expanding its wealth-focused investment solutions.

• Q3 FY2026 Financial Highlights:
  Record net revenues of $3.93 billion rose 16% year-over-year; adjusted EPS of $3.14 beat the $2.94 consensus; net income of $595 million ($3.01 per diluted share) rose 42% year-over-year; client assets under administration reached a record $1.92 trillion, up 17% year-over-year.

• Price Target Outlook:
  Rating Buy. Barclays raised its price target from $182 to $192. Citizens raised its target from $190 to $200, and UBS analyst Michael Brown raised his target from $166 to $175.

10. $Principal(PFG)$

• Core Business:
  Des Moines-based financial services firm spanning retirement solutions, asset management (Principal Asset Management), and benefits and protection.

• Latest Developments:
  Alongside its Q2 2026 results, Principal announced an agreement to acquire employee benefits provider Beam Benefits and raised its quarterly dividend 8% to $0.82 per share, marking the 13th consecutive quarterly increase.

• Q2 2026 Financial Highlights:
  Adjusted non-GAAP EPS rose 17% year-over-year; enterprise earnings grew 13% on 6% net revenue growth and 200 basis points of margin expansion; total company-managed AUM reached $808 billion, up 5% quarter-over-quarter; the company returned roughly $430 million to shareholders, including $250 million in buybacks.

• Price Target Outlook:
  Rating Hold. BMO Capital analyst Jack Matten maintained the price target at $102.

🐯 Your Turn: Join the Discussion

📊 Quick Poll: Of these 10 all-time-high stocks, which sector do you think has the most room left to run?

A) Mega-cap tech & cloud (AMZN)

B) Banks (HSBC, BBVA)

C) Industrials (ETN)

D) Consumer & retail (ROST, GRMN, EA, VIK)

Vote below, then tell us:

• Why you picked that sector

• Which single name on this list you'd buy today

• Whether you think this AI-capex rally still has legs, or is due for a pullback

🎁 Every useful and thoughtful comment will receive Tiger Coins.