Wall Street is closely watching the "new darling" of investments, quantum computing stocks, which have risen by as much as 1800% this year!
Quantum computing stocks have become a hot topic of discussion, including Google's "incredible" quantum computing chip. The field of quantum computing has had several major updates that have attracted the attention of Wall Street Analysts. The stock prices of quantum computing-related companies have been soaring this year. From the beginning of the year to now, Quantum Computing (QUBT.US) has surged over 1500%, Rigetti Computing (RGTI.US) has risen over 650%, and D-Wave Quantum (QBTS.US) has increased by over 6.
Express News | RPT-Buzz-US Stocks Weekly: Snow Squall
Quantum Computing: The New AI? A Look at the Rapidly Expanding Market and Top Stocks For 2025
Deal Dispatch: Honeywell, Textron And Soho House Are Making M&A Moves
Up & Down Wall Street: GE Made Spinoffs Cool Again. FedEx Is Joining the Club. -- Barron's
Up & Down Wall Street: It Was an Eye-Opening Week for Stocks. What Comes Next. -- Barron's
BofA Securities Maintains Honeywell(HON.US) With Hold Rating, Maintains Target Price $240
Balanced Outlook on Honeywell's Quantum Computing Prospects Amid Volatile Valuations
Honeywell Moves Closer to Separating Its Aerospace Business, but Is the Dow Jones Blue Chip Dividend Stock a Buy Before 2025?
After GE's Spinoff Success, What's Next for Honeywell, FedEx -- Barrons.com
The Dow barely ended its longest continuous decline in 50 years, Micron fell by 16%, the US dollar reached a two-year high again, and US bonds, oil, and Bitcoin all dropped.
U.S. stock market's other Indexes turned down towards the end, Tesla rose by nearly 4% before closing down, NVIDIA reached a high of 4%, and Micron Technology had its steepest decline in five years. The yield on the 10-year U.S. Treasury bonds briefly increased by nearly 10 basis points approaching 4.60%, close to a seven-month high, while short-term bond yields fell, with the 2/10-year yield spread at its widest in two and a half years. The Bank of England held rates steady, but more officials supported a rate cut, leading to a decline in the British Pound. The Governor of the Bank of Japan suppressed interest rate hike expectations, causing the yen to fall towards 158, and the offshore renminbi briefly dropped below 7.32 yuan to its lowest in 15 months. Bitcoin fell by 5%, approaching $0.096 million. Spot Gold rose by 1.6% before narrowing back below $2,600, while the futures silver fell by 5%, and U.S. crude oil fell below $70.
Why the Market Dipped But Honeywell International Inc. (HON) Gained Today
7 Industrials Stocks With Whale Alerts In Today's Session
Honeywell Working With Goldman on Potential Aerospace Separation - Report
Quantum Leap: The Future Bet Behind the Surge in Stocks.
With Alphabet releasing the next-generation Willow quantum computing chip, the field of quantum computing instantly became the focus of the investment market.
Jefferies Financial: Honeywell (HON.US) split value is $260 per share.
Analysts at the financial services company Jefferies Financial stated in a report that the estimated consolidated valuation of Honeywell (HON.US) is $260 per share.
U.S. stock market close | The Federal Reserve takes a hawkish stance, three major Indexes drop together, with the Nasdaq down over 3%; Tesla falls over 8%, leading the decline among Technology giants, while Quantum Computing concept stock, Quantum, soars
The Dow Jones experienced ten consecutive declines, marking the longest streak of losses since 1974. The S&P fell nearly 3%, and the Nasdaq dropped over 3%. Tesla led the tech giants down with a decline of over 8%. The chip index fell nearly 4%, with Broadcom dropping nearly 7%, and NVIDIA initially rose nearly 5% during the day before turning negative. Micron Technology, which provided disappointing guidance for this fiscal quarter, fell over 10% in after-hours trading.
Peering Into Honeywell Intl's Recent Short Interest
Dow's Drop: How Blue-chips Have Fared During Index's Peak Turned Worst-run in Decades
Honeywell's Breakup Value Is $260 a Share, Jefferies Estimates