Stocks in Play: TELUS Inc.
Baystreet·Beware of Telus, Reddit, and Apple
Baystreet·- Telus declared a dividend cut of over 50 % to CAD 0.1875 per share, driven by a long-term debt of $30.23 billion against $1.387 billion in cash. - Reddit shares dropped nearly 21 % on July 31 despite a 61.0 % year-over-year revenue increase to $805 million and a 12.39 % short interest. - Apple faces potential stock pullbacks due to missing shareholder expectations in quarterly guidance, rising memory costs, and minimal AI-related capital expenditures.Stocks Stumble into Long Weekend
Baystreet·- Canadian equities ended the week lower, led by declines in resource stocks and Telus Corp, while Wall Street major averages advanced despite rising bond yields. - Statistics Canada reported that gross domestic product expanded 0.3% in May, and Alimentation Couche-Tard announced plans to acquire Poland's Zabka for about $8.7 billion. - Wall Street gains were driven by Amazon shares surging 11% following strong second-quarter revenue, even as Apple stock fell over 9% due to service revenue shortfalls.Telus Stock Slides After Disappointing Q2 Results
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