Stock Market Today, July 27: D-Wave Surges on Nasdaq Debut and Expanded AT&T Deal
D-Wave Quantum
Today’s Change
(20.20%) $3.28
Current Price
$19.49
Key Data Points
Market Cap
$6.0BMarket cap calculated using publicly traded shares outstanding only.
The Daily Editor
About The Daily Editor
Posts by The Daily Editor :
Bank of America sends sharp August stock market warning
Investors were counting on the summer rally to carry into August, buoyed by resilient earnings, cooling inflation, and hope of a turnaround in tech stocks.
Bank of America is warning that the calendar might be turning against them.
The bank’s latest seasonality analysis, shared with me,
» Read more about: Bank of America sends sharp August stock market warning »
Different fund categories, same stocks? These equity mutual funds have up to 79.4% portfolio overlap
Many investors diversify their equity mutual fund investments across categories such as flexi cap, large & mid cap, multi cap, and large cap funds. However, investing in different categories does not necessarily mean gaining exposure to a wider set of stocks.
A Value Research analysis has found that several equity mutual funds with different investment mandates have significant portfolio overlap.
7 Best Fidelity Mutual Funds to Buy and Hold
In the aggregate, active mutual funds often charge higher fees, generate more taxable capital gains because of higher portfolio turnover, concentrate assets in a smaller number of stocks, and have an above-average possibility of underperforming a low-cost benchmark over the long term.
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» Read more about: 7 Best Fidelity Mutual Funds to Buy and Hold »
Global economy gets a lift as AI chip boom meets low U.S. jobless claims
Applications for U.S. unemployment benefits fell last week to an almost 60-year low, adding to signs of a stable labor market that will allow the Federal Reserve to focus on inflation.
Meanwhile, the European Central Bank rejected an immediate move to raise interest rates and President Christine Lagarde laid the groundwork for a possible rate hike in September.
» Read more about: Global economy gets a lift as AI chip boom meets low U.S. jobless claims »
Energy Transfer LP (ET) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Energy Transfer LP (ET) closed at $19.91, marking a -2.23% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.02% for the day. At the same time, the Dow added 0.51%, and the tech-heavy Nasdaq lost 0.18%.
Coming into today,
» Read more about: Energy Transfer LP (ET) Stock Sinks As Market Gains: What You Should Know »
Ranger Energy (RNGR) Q2 Earnings and Revenues Miss Estimates
Ranger Energy (RNGR) came out with quarterly earnings of $0.12 per share, missing the Zacks Consensus Estimate of $0.3 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -60.00%.
» Read more about: Ranger Energy (RNGR) Q2 Earnings and Revenues Miss Estimates »
Week ahead: Wall Street's biggest summer test is here with Big Tech, Fed on deck
Wall Street is heading for a pivotal week as Big Tech earnings, the Federal Reserve’s rate decision and key inflation data test a market hovering near record highs.
The busiest stretch begins on Wednesday, when Microsoft and Meta Platforms report earnings before the focus quickly shifts to the Fed’s interest rate decision later in the day.
Wall Street Knows Amazon Can Hit $400 Next Year, That’s Why I Keep Loading Up
Quick Read
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AMZN trades near $247 against a Wall Street path to $400, anchored by AWS’s 28% revenue growth and record operating margins.
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Free cash flow collapsed 95% to $1.2 billion under surging capex, but Jassy expects a $70 billion snap-back as spending flattens.
» Read more about: Wall Street Knows Amazon Can Hit $400 Next Year, That’s Why I Keep Loading Up »
The 'sexy math' behind Reformation's Big Short-style pitch to Wall Street on its $1 billion IPO
Reformation is heading to Wall Street and it’s not exactly giving investors the usual buttoned-up IPO pitch.
The Los Angeles-based fashion brand filed to go public in June and plans to list on the New York Stock Exchange under the ticker symbol “REF.”