By Patturaja Murugaboopathy
July 29 (Reuters) - Major U.S. technology companies are borrowing heavily as they ramp up spending on their artificial intelligence buildout, and at steadily higher yields as investors become more selective about absorbing the growing supply.
Amazon, Alphabet, Meta Platforms and Oracle issued about $194 ‌billion of bonds in 2026 through July 7, up 79% from roughly $108 billion in all of 2025, according to a Reuters ******* ysis ‌of LSEG data.
Goldman Sachs expects bond issuance by the five hyperscalers, including Microsoft Corp, to reach roughly $250 billion this year and $400 billion in 2027.
The added supply has led to widening borrowing spreads over risk-free rates for these investment-grade firms across major maturity buckets.

#roughly #murugaboopathy

A brutal year for Tesla (TSLA) investors is getting even more brutal.
Quick insight: The post-earnings slide in Tesla stock has made it the most oversold since March 2025, according to Yahoo Finance AlphaSpace data. Overbought and oversold levels for a stock are tracked by the relative strength index, or RSI (bottom red line in the chart below).
The RSI is a momentum indicator that measures the speed and magnitude of a stock's recent price movements on a scale from 0 to 100. An RSI reading above 70 is generally viewed as a sign that a stock has risen too fast and could be due for a pullback. A reading below 30 suggests a stock may be oversold and could be poised for a rebound.
Tesla's RSI currently stands at 14. Shares are down 30% this year compared to an 8% gain for the S&P 500 (^GSPC).
The why: The sell-off in Tesla has intensified after execs offered few concrete updates on the pace of its Robotaxi rollout or the commercialization timeline for its Optimus humanoid robot during its earnings call last week. This was on top of a brutal earnings miss versus Wall Street estimates,

#Stock #Tsla

Ironvine Capital Partners, an investment management company, released its Q2 2026 investor letter. A copy of the letter can be downloaded here. The letter emphasizes the vital role of AI adoption in capital markets, highlighting a projected $7 trillion in new debt issuance by 2029 due to increased AI computing investments by hyperscale companies. This trend presents both risks and opportunities. The firm has shifted away from semiconductors during the quarter, as they require 2027 or 2028 spending levels for sustainable returns. The Ironvine Concentrated fund reported a year-to-date return of 11.02% (net), outperforming the S&P 500 Index's 10.21% return. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Ironvine Capital Partners highlighted SAP SE (NYSE:SAP). Headquartered in Walldorf, Germany, SAP SE (NYSE:SAP) is a leading enterprise application and business solutions provider. On July 22, 2026, SAP SE (NYSE:SAP) closed at $148.75 per share. One-month return of SAP SE (NYSE:SAP) was -2.51%, and its shares lost 49.41% over the past 52 weeks. SAP SE (NYSE:SAP) has a market capitalization of $175.9 billion.
Ironvine Capital Partners stated the following regarding SAP SE (NYSE:SAP) in its Q2 2026 investor update:
"Over the last five decades SAP SE (NYSE:SAP) has become the leading provider of ERP software for many of the world's largest, most supply chain-intensive companies. SAP counts 98 of the Fortune 100 as customers, with approximately 70% of revenue derived from large enterprises. Across much of this market the company operates in a duopoly with Oracle, although in certain niches it is the only practical solution. Its software integrates procurement, manufacturing, inventory, sales, human resources, and financial reporting into a single operating platform for the business.
Over time, SAP systems permeate customer operations, often with extensive customization reflecting company-specific workflows, regulatory requirements, and accumulated business knowledge. For example, Boeing relies on SAP to coordinate the ******* embly of airplanes containing tens of thousands of components, sourced from thousands of suppliers. If one part isn't where it's supposed to be, a $50 million plane doesn't move forward. Every component must be tracked, certified, and correctly installed with an auditable record. Boeing's SAP environment contains decades of custom code integrated with its supply chain to provide this digital paper trail…" (Click here to read the full text)

#NYSE #partners #letter #here

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Mortgage rates have been higher in the last few years. But where are rates headed in the next five years, and should you wait for mortgage rates to fall significantly before buying or refinancing? Mortgage interest rates are determined by several factors, all of which can give us clues about the future. Let's take a closer look at mortgage rate predictions over the next five years.
Here are the housing market predictions for 2026.
One of the most useful indicators for predicting mortgage rates is the yield on the 10-year U.S. Treasury note. Mortgage rates and 10-year Treasury yields typically move in the same direction, although mortgage rates are usually higher because lenders factor in additional risks. This difference between the two is known as the spread, and we'll account for that when estimating where mortgage rates could go.
With that in mind, the first step is to look at where economists believe Treasury yields are headed over the next five years. To build a forecast, we'll combine expert economic projections with data compiled using artificial intelligence.

#treasury #higher #look #predictions

BMO Capital Markets has emerged as the leading financial adviser for metals and mining sector mergers and acquisitions (M&A), both in terms of deal value and volume, for the first half of 2026 (H1 2026), based on a league table from data **** ytics company GlobalData.
According to GlobalData's Financial Deals Database, BMO Capital Markets provided advisory services for 13 deals totalling $17.9bn.
In terms of deal value, Goldman Sachs ranked second, advising on transactions worth $15bn.
The Bank of Nova Scotia came next with $10.8bn, while RBC Capital Markets and the National Bank of Canada completed deals worth $10.4bn and $8.4bn, respectively.
Regarding deal volume, Canaccord Genuity Group secured the second spot with eight deals.

#volume

When Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) introduced Gemini 3.5 Flash at its I/O developer conference in mid-May, the company said the model's more powerful sibling, Gemini 3.5 Pro, would arrive in June. June came and went.
On Thursday, Bloomberg reported that the flagship AI (artificial intelligence) model is months behind schedule as Google works to improve its capabilities in coding -- and that some inside the company worry rivals OpenAI and Anthropic are shipping models that have passed Gemini by.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
After peaking at $408.61 earlier this year, Alphabet shares closed Friday at $346.77, a decline of about 15%. That's a modest pullback by most standards. But it's a notable wobble for a stock that has been one of the market's favorite ways to bet on AI.
So, is the AI leader actually falling behind? Gemini 3.5 Pro is late -- that much is settled. But does the delay change the investment case? Alphabet's own numbers argue that it doesn't. At least not yet.

Trip.com Group Limited (NASDAQ:TCOM) is one of the 10 Fastest Growing Consumer Stocks to Buy Now.
On July 2, 2026, China Renaissance downgraded Trip.com Group Limited (NASDAQ:TCOM) to Hold from Buy with a $42 price target.
On June 29, BofA lowered the firm's price target on Trip.com to $64 from $78 and kept a Buy rating on the shares. BofA said that despite a "modest" Q1 beat, results disappointed due to the lack of resolution on the antitrust investigation and a weaker-than-expected Q2 outlook. On June 25, Benchmark ***** yst Fawne Jiang lowered the firm's price target on Trip.com to $65 from $72 and kept a Buy rating on the shares. Jiang said that despite "another quarter of solid operating execution," management's softer-than-expected Q2 guidance reset near-term growth expectations.
Also on June 25, Trip.com reported Q1 EPS of RMB5.73, compared with consensus of RMB6.15, and revenue of RMB16.2B, compared with consensus of RMB15.85B. Executive Chairman James Liang said inbound travel continues to "gain momentum," creating opportunities across the travel value chain. CEO Jane Sun said the travel market remained resilient in Q1 of 2026, supported by continued growth in international travel demand and rising interest in more personalized travel experiences.
Trip.com Group Limited (NASDAQ:TCOM) operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, in-destination, corporate travel management, and other travel-related services in China and internationally.

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Reference ID: #1025e8e2 -7ec1-11f1-925a-502f4e8ddaed

The S&P 500 Index ($SPX) (SPY) on Thursday closed up +0.81%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.27%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.62%. September E-mini S&P futures (ESU26) rose +0.82%, and September E-mini Nasdaq futures (NQU26) rose +1.63%.
Stock indexes settled higher on Thursday, led by a rally in chipmakers, after South Korea's SK Hynix saw its American depositary receipts (ADRs) listing more than seven times oversubscribed, signaling strong investor demand. The US offering by SK Hynix would raise about $24.5 billion for the company, making it the second-largest by a foreign company, according to Bloomberg calculations. Strength in trucking and freight stocks also boosted the broader market after Citigroup upgraded the sector. In addition, the decline in crude oil prices lifted airline stocks and cruise line operators.
Intel Stock Is 'Too Good to Ignore' as HSBC Sets a New Street-High Price Target
Intel Just Lost a Veteran Employee. It Likely Just Won a Key Catalyst for INTC Stock in the Process.
SK Hynix Stock Debuts for U.S. Investors Tomorrow. The DRAM ETF Could Be the Biggest Loser.

Associated British Foods has rebranded its UK bread division as Hovis Bakeries after completing the acquisition of rival baker Hovis Group.
Hovis has now been merged with Allied Bakeries, the UK baking arm of ABF, the Kingsmill owner announced today (8 July).
ABF said the deal would create a "sustainably profitable UK bakeries business for the long term with an enhanced market position".
The company said the combined operations would channel investment into areas of the UK bakery market that are expanding because of "changing consumer tastes and needs, including healthy options".
ABF had struck a deal to buy Hovis from private-equity firm Endless in August last year.

NFLX trades 40% below its 52-week high, but 24/7 Wall St. rates it a BUY with a $286 target implying 268% upside.
Netflix ad revenue is on pace to double to $3 billion in 2026, with ad-supported tiers driving over 60% of new sign-ups.
Netflix missed EPS estimates twice in four quarters, and historical earnings misses have triggered an average 10% single-day stock drop.
Act now: the ******* yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Netflix didn't make the cut. Grab the names FREE today.
With Netflix (NASDAQ:NFLX) reporting Q2 2026 earnings on July 16, the stock is at a crossroads. Shares trade at $77.65, down 39.57% over the past year, yet the streaming leader raised full-year free cash flow guidance to roughly $12.5 billion.

By Amanda Stephenson and Robert Harvey
CALGARY/LONDON, July 3 (Reuters) - Oil prices were little changed for the week as traders held on to hopes for a successful outcome from attempts to secure ‌peace between the U.S. and Iran.
Brent futures were up 14 cents, or 0.19%, at $71.94 a barrel ‌by 2:31 p.m. ET (1831 GMT), ending the week just 5 cents lower than last Friday's close. West Texas Intermediate was up 9 cents, or 0.13%, at $68.78 a barrel.
Trading was light as U.S. markets were closed ahead of the U.S. Independence Day holiday on Saturday. On Thursday, the two oil benchmarks had hit their lowest levels since before the U.S.-Israeli war with Iran began in late February.
Investor hopes for a full reopening of the Strait of Hormuz are being buoyed by peace ‌talks between the U.S. and Iran, ⁠Commerzbank ****** ysts said.

Brown Advisory, an investment management company, released its "Brown Large-Cap Growth Strategy" for the first-quarter 2026 investor letter. A copy of the letter is available to download here. The Brown Advisory Large-Cap Growth Strategy experienced a decline in the first quarter of 2026, modestly trailing the Russell 1000 Growth Index. Despite negative absolute returns amidst volatility, relative performance improved significantly as the quarter progressed. Initial pressures stemmed from weaknesses in the software sector, affected by concerns over AI disrupting traditional models. Conversely, sectors like Industrials and Consumer Discretionary positively contributed to performance, while Information Technology and Health Care were the largest detractors. The strategy's ability to outperform in a down market indicates the quality of holdings. As market leadership broadens, the firm's focus remains on maintaining a diversified portfolio of high-quality growth companies, aiming for strong long-term results. Please review the Strategy's top five holdings to gain insights into their key selections for 2026.
In its first-quarter 2026 investor letter, Brown Advisory Large-Cap Growth Strategy highlighted Netflix, Inc. (NASDAQ:NFLX). Netflix, Inc. (NASDAQ:NFLX) is a leading subscription-based streaming entertainment platform. On July 1, 2026, Netflix, Inc. (NASDAQ:NFLX) closed at $74.19 per share. One-month return of Netflix, Inc. (NASDAQ:NFLX) was -9.04%, and its shares lost 42.81% over the past 52 weeks. Netflix, Inc. (NASDAQ:NFLX) has a market capitalization of $312.4 billion.
Brown Advisory Large-Cap Growth Strategy stated the following regarding Netflix, Inc. (NASDAQ:NFLX) in its Q1 2026 investor letter:
"Netflix, Inc. (NASDAQ:NFLX): Operates as an online video streaming platform. Netflix, Inc. (NFLX) outperformed during the period as investor concerns around a potential acquisition of Warner Bros. Discovery subsided. Management's decision to walk away from the transaction reinforced its disciplined approach to capital allocation and reduced concerns around leverage and integration risk. As a result, focus shifted back to the company's core fundamentals, including strong engagement and improving monetization initiatives."
Netflix, Inc. (NASDAQ:NFLX) ranks 13th on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 144 hedge fund portfolios held Netflix, Inc. (NASDAQ:NFLX) at the end of the first quarter, compared to 146 in the previous quarter. While we acknowledge the potential of Netflix, Inc. (NASDAQ:NFLX) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.