FirstLook

Research evidence excerpt

FirstLook

July 09, 2026

First Look

PepsiCo, Inc. (PEP) Evercore ISI Focus

First Look - Mixed bag as N. America consumer pressure

Semiconductors and Semiconductor Equipment weighs on org sales Page 8

Channel Checks 07-July-26: Positive Trends + Initial Robert Ottenstein In Line

Mid/Late Cycle Signals Page 3

Mark Lipacis The Coca-Cola Company (KO)

Will consumers get "Fit"? Page 8

Domino's Pizza, Inc (DPZ)

Robert Ottenstein Outperform

Tough times for the pizza leader; Trimming estimates and

target Page 3

Capital Power Corporation (CPX-TSE)

David Palmer Outperform

Signs 250 MW Long-Term Supply Agreement with Meta in

Alberta Page 8

Political Analysis

Nicholas Amicucci Outperform

Semiconductor Fab Tax Credit at Risk of Year-End Lapse,

Undermining the Prospects for a Second Wave of U.S.

Medline Inc. (MDLN)

Chipmaking Investment Page 4

Allina PV Signed; $1Bn 2026 Signing Target IncreasinglyMatthew Aks

De-Risked Page 9

Elizabeth Anderson Outperform

Industry Updates

Energy Commodities MeiraGTx Holdings plc (MGTX)

Crude Builds Against Seasonality as Exports Slow Page 4 Another Day, Another Deal (again) Page 9

Stephen Richardson Gavin Clark-Gartner Outperform

Global Automotive Intuitive Surgical (ISRG)

EvrISI Autos Pitstop: RIVN Pricing / EU SAAR / Toyota Tidbits on My Intuitive+ adoption trends from EVR’s 2Q

Reshore / MBLY AV / Waymo New Cities / Leapmotor in NA CapEx survey Page 10

Page 5 Vijay Kumar In Line

Chris McNally

Apple Inc (AAPL)

Healthcare Facilities & Managed Care Thinking Through Apple’s Expanded Broadcom Agreement

Managed Care/VBC: 9 Things We Learned about Optum Page 10

Health's Turnaround Page 5 Amit Daryanani Outperform

Elizabeth Anderson

Estimate Changes

Biotechnology / SMID Cap

Conagra Brands (CAG)

Updated Quarterly Trends in Biotech - 2Q Page 6