Diamonds and Dogs

7/24/24

AT&T (T) finally a diamond following better than expected earnings, trading up 5% near a 52-week high. AT&T actually beat earnings estimates with better than expected wireless subscriber growth a second-straight quarter. AT&T is not convinced consumers will upgrade to AI phones when they come out. The stock is now up for the year, but is down 50% over the last 20 years.

Big cap tech gets the dog of the day led by Google parent Alphabet (GOOGL) and Tesla (TSLA) down 3% and 11% respectively. The Google earnings were actually good, but the stock had run up into earnings. Teska actually missed estimates and saw a slowdown in growth at least in the short term.

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