Crude Oil Prices Plummet; ABM Industries Reports Mixed Results for Q3
U.S. Stock Market Performance: U.S. stocks declined, with the Dow Jones falling approximately 300 points, while the S&P 500 and NASDAQ also experienced losses.
Company Earnings Reports: ABM Industries reported mixed fiscal results, missing adjusted net income estimates, while Samsara Inc and Guidewire Software saw significant stock price increases after exceeding financial expectations.
Sector Movements: Materials shares rose by 0.8%, while financial stocks dropped by 1.3%. Lululemon's stock fell 18% after lowering its fiscal guidance, leading to multiple analyst downgrades.
Economic Indicators: The U.S. economy added only 22,000 jobs in August, falling short of expectations, with the unemployment rate rising slightly to 4.3% and steady wage growth reported.
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- Record Backlog: Argan's backlog surged to $3 billion in Q3 FY2026, a significant increase from $1.4 billion just two quarters prior, indicating robust demand for power infrastructure projects.
- Strong Financial Position: With no debt and nearly $727 million in cash and equivalents, Argan's solid balance sheet provides a strong foundation for executing its upcoming projects over the next decade.
- Improving Profitability: Despite a revenue decline in the latest quarter, Argan's gross margins, net income, earnings per share, and EBITDA are all trending upward, reflecting the company's ability to enhance profitability even in challenging conditions, boosting investor confidence.
- Strong Stock Performance: Argan's stock has risen 118% over the past 12 months, and while its P/E ratio has reached 45, the high valuation is deemed justified given the significant power needs in the U.S. and abroad, highlighting the company's growth potential.

- Active Options Trading: Argan Inc's options volume today reached 1,601 contracts, equivalent to approximately 160,100 shares, indicating a trading activity level of 60.1% of its average daily volume over the past month, which may reflect market interest in its future performance.
- High Strike Call Options: The $370 strike call option has shown particularly high volume today, with 109 contracts traded, representing about 10,900 shares, suggesting that investors are optimistic about the stock's potential for future gains.
- Better Home & Finance Options Activity: In parallel, Better Home & Finance Holding Co saw options trading volume of 2,762 contracts, equivalent to approximately 276,200 shares, indicating a trading activity level of 59.1% of its average daily volume over the past month, reflecting market interest in the company.
- Bullish Options Trend: In BETR's trading, the $90 strike call option stands out with a volume of 1,202 contracts traded today, representing about 120,200 shares, demonstrating investor confidence in its future performance.
- Director Sell-off: Argan's Director Peter W Getsinger sold 10,595 shares on January 7, 2026, for a total of $3.38 million, indicating a cautious outlook on the company's future prospects.
- Market Reaction: This sell-off may trigger short-term volatility in Argan's stock price, prompting investors to monitor subsequent market dynamics and changes in the company's fundamentals.
- Shareholding Structure Change: The director's sale could impact the company's governance structure, necessitating an assessment of its potential effects on corporate decision-making and strategic direction.
- Investor Confidence: While the sell-off might be interpreted as a negative signal, it is essential to analyze it in conjunction with the company's overall performance and market conditions to gauge its impact on long-term investment value.
- Surging Market Demand: Cipher Mining's 15-year, $5.5 billion deal with Amazon Web Services for 300 megawatts of capacity highlights the robust demand for AI infrastructure, which is expected to significantly boost the company's revenue.
- Energy Pipeline Expansion: The acquisition of a 200-megawatt site in Ohio increases Cipher Mining's total pipeline to 3.4 gigawatts, enabling the company to support ten additional deals like the Amazon agreement, further solidifying its market position.
- Massive Revenue Potential: With soaring AI demand, Cipher Mining anticipates generating billions in annual recurring revenue by the end of 2026, indicating its capability to expand nationwide.
- Industry Leadership: Cipher Mining's success not only reflects its leadership in the AI infrastructure sector but also demonstrates the company's ability to seek high-quality opportunities across the country, signaling substantial growth potential ahead.
- Major Contract Signing: Cipher Mining has secured a 15-year deal worth $5.5 billion with Amazon Web Services, providing 300 megawatts of capacity, significantly enhancing its competitive edge in the AI infrastructure market.
- Energy Pipeline Expansion: The company acquired a 200-megawatt site in Ohio, bringing its total pipeline to 3.4 gigawatts, which is expected to support 10 additional deals like the Amazon one, further driving revenue growth.
- Massive Revenue Potential: With soaring AI demand, Cipher Mining anticipates generating billions in annual recurring revenue by the end of 2026, showcasing its strong growth potential in a rapidly evolving market.
- Market Expansion Strategy: This acquisition marks Cipher Mining's first site outside Texas, indicating the company's strategy to seek high-quality opportunities nationwide, further solidifying its market position.
- New Position Initiated: Alpine Investment Management has opened a new position in Argan (AGX) worth approximately $16.2 million by acquiring 60,000 shares, indicating strong confidence in the company's future growth prospects.
- Asset Allocation Optimization: Argan now accounts for 13.62% of Alpine's reportable U.S. equity assets, highlighting its increasing significance in the investment portfolio, which may enhance overall returns.
- Strong Financial Performance: Argan reported a third-quarter net income of $30.7 million, translating to $2.17 per share, showcasing a significant improvement in profitability that reflects robust demand in the power and renewable energy markets.
- Record Project Backlog: Argan's project backlog has reached $3.0 billion, more than double from the start of the fiscal year, ensuring revenue for the coming years and further solidifying its market position.










