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ASX:A2M 16 February 2026

ASX 200 ekes out a gain as tech snaps back; miners slide on iron ore

ASX 200 ekes out a gain as tech snaps back; miners slide on iron ore

The S&P/ASX 200 closed up 0.22% at 8,937.1, lifted by a tech rebound as WiseTech surged 12.8% and Xero rose 7.5%. Rio Tinto dropped 4.1% and Fortescue fell 4.7% as iron ore prices stayed below $100 a tonne. Investors await the Reserve Bank of Australia’s February meeting minutes and key labour data later this week.
16 February 2026
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Stock Market Today

  • Ranking the Magnificent Seven by Future Cash Flow Valuations
    June 23, 2026, 7:03 AM EDT. The 'Magnificent Seven' tech giants are ranked by their price-to-forward cash flow ratios to identify the most attractive stocks. Meta Platforms leads with the lowest ratio of 9, indicating potential undervaluation despite increased AI investment costs. Amazon follows at 10.86, also showing value amid its AI integration efforts. Microsoft and Nvidia's multiples stand at 12.98 and 16.54 respectively, becoming more accessible to fundamental investors. Alphabet, Apple, and Tesla have higher ratios-17.97, 27.42, and 80.74-suggesting more expensive valuations relative to cash flow. This metric, preferred over price-to-earnings for growth companies reinvesting heavily, offers a clearer view of these dominant AI-driven firms' investment appeal.

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Infleqtion (NYSE:INFQ) up in premarket as quantum returns to focus

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Infleqtion surged 5.09% to $14.93 premarket after a White House order accelerated federal quantum tech efforts and the company launched a quantum-space coalition; shares remain volatile as investors weigh government momentum against ongoing losses and uncertain commercialization timelines.
Ford Gets New Deadline; Canada Focused as Traders Watch

Ford Gets New Deadline; Canada Focused as Traders Watch

23 June 2026
Ford shares slipped 1.49% to $13.90 in premarket trading as investors reacted to Unifor’s July 10 labor deadline, with talks underway that could reshape labor costs and factory stability for nearly 19,000 Detroit Three autoworkers in Canada.
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SoFi Stock Slips Before The Open As Stablecoin News Meets A Weak Nasdaq Tape

23 June 2026
SoFi Technologies fell 2.3% to $16.70 in premarket trading after Bullish listed SoFiUSD, SoFi Bank’s stablecoin, as Nasdaq futures dropped over 2% and fintech stocks faced pressure from rate and AI spending concerns; investors now weigh SoFi’s digital asset push against market headwinds and an unchanged 2026 outlook.
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