Parsons shares plummet 38% after $118M charges, slashed 2026 forecast
Earnings James Calloway

Parsons shares plummet 38% after $118M charges, slashed 2026 forecast

Parsons (PSN) shares fell 38% after the company disclosed $118M in charges and lowered its 2026 guidance, with adjusted EBITDA dropping sharply amid weather-related project delays and portfolio divestitures.

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Transocean Shares Dip Despite Oil Rally as Valaris Deal Spread Narrows
Markets Daniel Marsh

Transocean Shares Dip Despite Oil Rally as Valaris Deal Spread Narrows

Transocean shares slipped 1.3% to $4.93 despite a 7.3% jump in Brent crude. The Valaris merger spread narrowed to 2.0% as the deal progresses.

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UiPath Stock Rises 22% in Four Days as Cash Position Offsets ARR Concerns
Analysis Daniel Marsh

UiPath Stock Rises 22% in Four Days as Cash Position Offsets ARR Concerns

UiPath shares rose 22.5% in four days, fueled by a $1.42 billion cash position and buybacks, but net new ARR growth is slowing.

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IREN Shares Slide 10.6% as Market Shifts Focus from AI Demand to Delivery
Markets Daniel Marsh

IREN Shares Slide 10.6% as Market Shifts Focus from AI Demand to Delivery

IREN shares dropped 10.6% to $30.34, erasing recent gains, as market attention moves from AI demand to delivery execution.

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Nebius stock drops 10% as asset-light strategy faces funding scrutiny
Markets Daniel Marsh

Nebius stock drops 10% as asset-light strategy faces funding scrutiny

Nebius (NBIS) shares tumbled 10% on Wednesday as the market weighed the company's ability to fund expansion without straining its balance sheet.

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Dow Plunges Over 850 Points as Oil Surge Sparks Broad Selloff
Markets Daniel Marsh

Dow Plunges Over 850 Points as Oil Surge Sparks Broad Selloff

The Dow Jones Industrial Average fell 852 points in midday trading, driven by an oil market shock that sent energy stocks higher but weighed heavily on blue-chip shares.

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Oil Spike and Fed Jitters Drag Dow 852 Points; Two Stocks Account for Most of the Drop
Markets Daniel Marsh

Oil Spike and Fed Jitters Drag Dow 852 Points; Two Stocks Account for Most of the Drop

US stocks slid midday Wednesday, with the Dow down 852 points, as oil prices surged and the Fed decision approached. Two high-priced components accounted for most of the drop.

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TQQQ Inflow Surge Precedes Tech Selloff as Rate Hike Fears Mount
Markets Daniel Marsh

TQQQ Inflow Surge Precedes Tech Selloff as Rate Hike Fears Mount

TQQQ attracted $367.95 million in inflows on July 27, representing 1.15% of its assets, only to drop 4.30% as tech stocks tumbled ahead of the Fed's rate decision.

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Micron Shares Slide on Concerns Over Peak Memory Profit Sustainability
Markets Daniel Marsh

Micron Shares Slide on Concerns Over Peak Memory Profit Sustainability

Micron shares dropped 5.4% on Wednesday, extending a three-session decline to 15.8%, as investors focus on the durability of peak memory margins rather than near-term earnings strength.

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SCHD Widens 2026 Lead as Sector Tilts Drive Gains
Markets Daniel Marsh

SCHD Widens 2026 Lead as Sector Tilts Drive Gains

SCHD extends its 2026 lead over SPY with a 7.48% return gap, fueled by a 55% allocation to healthcare, consumer staples, and energy.

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Nocera Shares Surge 108% After $408K QMAX Deal
Markets Daniel Marsh

Nocera Shares Surge 108% After $408K QMAX Deal

Nocera shares rocketed 108.4% to $2.98 after announcing a $408,000 all-stock deal for a 30% interest in QMAX Technology, driving a $2.4 million equity gain.

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NIO ADRs Rise 3.6% on CXMT Stake Gain, Delivery Targets
Markets Daniel Marsh

NIO ADRs Rise 3.6% on CXMT Stake Gain, Delivery Targets

NIO ADRs rose 3.6% to $4.85, boosted by a RMB808 million paper profit from its CXMT stake. The company targets monthly deliveries of 44,200-49,700 units in H2 2026.

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