Rebel’s Edge Notes

US and Iran are observing a small ceasefire. Last week was pretty tricky as most names showed faulty downside action. So many names 50%, 35% off highs while SPX is like 2% or so only off highs, which makes it hard. SPX futures are up 65. We’ll see if early strength holds or fades. 7460 is pivot resistance, then 7515 is the next level.

Prediction 

QBTS up 15%: QBTS is climbing sharply (reports of ~10–18% gains) on its first day of trading on the Nasdaq after transferring from the NYSE (effective today, July 27, 2026, with the company ringing the opening bell) plus positive catalyst news that AT&T is expanding its use of D-Wave’s quantum computing technology. D-Wave Quantum shares surged 13% in premarket trading after the quantum computing company signed a new agreement with AT&T to expand the telecom giant’s use of its technology for network optimization. AT&T plans to integrate D-Wave’s annealing quantum computing into tools supporting its agentic AI solutions after the technology helped reduce customer downtime by 12 million hours in 2025.

WDAY: Workday is trading higher today (with gains reported in the mid-to-high single digits at various points) primarily due to broader strength in software and application stocks rather than any single major company-specific announcement released on July 27. The move builds on recent positive product momentum, including the general availability of its AI-native Workday Learning platform (powered by Sana) and FedRAMP Moderate authorization for Adaptive Planning that supports federal customers—both announced in the prior few days—which reinforce the company’s positioning in agentic AI for HR and finance.

BMNR up 12%: Bitmine Immersion Technologies is surging roughly 12–13% today as a high-beta Ethereum treasury play. They announced on Monday Bitmine crypto + total cash & marketable securities + “moonshots” holdings totaling $11.8B. As of July 26, 2026, the company’s crypto holdings are comprised of 5,787,414 ETH at $1,948 per ETH, 208 Bitcoin, a $180M stake in Beast Industries, a $61M stake in Eightco Holdings, or moonshots, and total cash & marketable securities of $268M. Bitmine’s ETH holdings are 4.8% of the ETH supply. “Over the past week, we acquired 9,946 ETH. Bitmine has bought ETH every week since the inception of the ETH Treasury Strategy on June 30, 2025,” stated Thomas Lee, Chairman of Bitmine.

BKR up 12%: BKR is one of the stronger S&P 500 performers (up roughly 7% in recent quotes) after reporting solid second-quarter 2026 results that beat expectations on revenue and earnings, posted record orders (around $10.5 billion), and led management to raise its full-year outlook amid healthy demand in industrial and energy technology. Baker Hughes non-GAAP EPS of $0.64 beats by $0.15, revenue of $6.74B beats by $230M. Baker Hughes Q2 non-GAAP EPS of $0.64 beats by $0.15. Revenue of $6.74B (-2.4% Y/Y) beats by $230M. Adjusted EBITDA for the second quarter of 2026 was $1.231B, up $73M, or 6% Q/Q, and up $19M, or 2% Y/Y. The Y/Y increase in adjusted net income and adjusted EBITDA was primarily driven by productivity, price, cost-out initiatives, and FX, partially offset by inflation, lower volume, change in business mix, and the PSI and SPC dispositions. The decrease in revenue Y/Y was mainly driven by the impact of the Precision Sensors & Instrumentation and Surface Pressure Control dispositions. Orders rose 49% Y/Y to ?$10.5B, with record bookings doubling Y/Y to $7.1B for the industrial ?and energy technology segment, and the segment backlog increasing 19% to a new all-time high.