BUSINESS

Quantum computing is one of the most talked-about emerging technology themes on Wall Street right now. The Trump administration revealed plans to invest more than $2 billion into the sector on May 21. Stocks across the space surged. Investors poured in, massively.But Jim Cramer confirmed that he’s not one of them.On the Wednesday, July 22, “Mad Money” Lightning Round, a caller asked about IonQ (IONQ). Cramer’s answer was brief and direct, just like every other day in the Lightning Round.When rates go up, these stocks are very tough to own, so I am going to steer clear of it because I see what the rates are doing, and they’re not going in the right direction.As of this reporting, IONQ is trading at $33.03, down 3.11% on the session, and is down 24.07% year to date against the S&P 500’s 8.22% gain, according to Yahoo Finance. The stock peaked to a $72 high in late May before giving back more than half its value in just under two months.Also Read: Jim Cramer’s Recent StoriesWhy Cramer’s rate argument is the right one for a stock like IonQCramer’s objection is not about IonQ’s technology or even its commercial traction. It is about the macro environment that surrounds any high-growth, deep-loss company with a long runway to profitability.The rate sensitivity argument is specific and well-established in market history. Companies like IonQ, which are burning significant cash today in exchange for future cash flows that remain years away, are valued using long-duration discount models. More Jim Cramer:Jim Cramer says it may be time to trim comeback stock after 441% surgeJim Cramer’s cryptic comments on key AI supplier turn headsJim Cramer says investors are getting the Mag 7 all wrongWhen interest rates rise, those future cash flows get discounted more aggressively, compressing valuations. When rates fall, the reverse happens. The playbook is familiar.Cramer’s read of the current rate environment is cautious. The stock carries an expected full-year 2026 Adjusted EBITDA loss of $310 million to $330 million on $260 to $270 million in revenue, according to its first quarter 2026 financial results. It means the profitability gap is wide enough that rate sensitivity is a legitimate first-order concern, not a secondary one.What IonQ’s Q1 2026 results actually showedBut there’s something genuinely interesting here because the fundamental momentum inside IonQ is real, even if Cramer is choosing to sidestep the stock on macro grounds.Q1 2026 revenue was $64.7 million, up 755% year over year and 30% above the midpoint of guidance.Remaining performance obligations grew 554% year over year to $470 million.The company raised its full-year revenue guidance to $260 million to $270 million, implying organic growth of more than 100% year over year.
Source: IonQ First Quarter 2026 Financial Results
Commercial momentum is real. Approximately 60% of revenue came from commercial customers, 35% from international customers, and 35% from multi-product customers, according to the release. IonQ also sold its first sixth-generation, chip-based, 256-qubit system to the University of Cambridge. Related: Jim Cramer gives his two cents about Netflix stockIt was selected for DARPA’s HARQ Program and awarded a $39 million contract under the Space Development Agency’s HALO Program for next-generation tactical space communications.The EPS story is where the market’s concerns surface. Q1 adjusted EPS came in at -$0.34. According to Zacks data, for Q2, the consensus expects -$0.29 per share. Profitability is not on the near-term horizon.

IonQ Q1 2026 revenue was $64.7 million, up 755% year over year and 30% above the midpoint of guidance.Zhou Mu/Xinhua via Getty Images

The May quantum rally that inflated expectations, and the deflation sinceWhat happened in May actually explains a lot of the current setup.The Trump administration on May 21 announced plans to distribute $2.013 billion under the CHIPS and Science Act targeting quantum foundries and computing companies. IonQ was not among the nine named recipients. Yet the stock rallied sharply alongside peers. Why? Investors bought the idea of quantum computing as a national priority rather than picking individual winners within the sector.Related: IonQ stock spikes on massive quantum announcementThat sentiment-driven move carried IONQ to $72 before reality reasserted itself. From the start of June, the stock has given back more than half of that gain in under two months.I find Cramer’s framing of this situation accurate. The May rally was a thematic trade, not a fundamental one. When thematic trades run into a less favorable rate environment and earnings miss EPS estimates, the compression is predictable. IonQ’s Q2 earnings are estimated for Aug. 5. For the stock to rebuild momentum from $33, it either needs a material beat with improved EPS trajectory, or a shift in the rate narrative that makes long-duration growth stocks broadly more attractive again.Looking at it, neither of those is guaranteed in the near term. And that is exactly what Cramer is saying when he steers clear.Related: Jim Cramer reveals 4 surging chip stocks he likes best

“Supergirl,” starring Milly Alcock in the title role, will try to find a new audience on digital streaming this week following a dismal run at the box office.

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Apple’s Find My iPhone software started as a helpful way to find your lost smartphone, but it’s since evolved into a massive network that can find not only your phone, but also the location of your friends, family, and just about anything else. To begin precisely tracking your physical items, all you need is an Apple AirTag or a tracker from a third-party system that’s supported by Apple. For those, like myself, who frequently lose their belongings, whether it’s their wallet, house keys, or the television remote, the technology is a game changer. How do AirTags and tracking tags work?Apple AirTags were the first tracking tags of their kind. The compact tech, small enough to fit into the pocket of your handbag or luggage, gives users peace of mind that they’ll be able to find these items if they go missing. The small tags connect to your iPhone’s Find My app, and by pulling up the app on your phone, you’ll be able to see the tracker’s real-time location on the map. Apple has since expanded its tracking system and supports select third-party trackers, so you’re not limited to only AirTags, which is great for those who want something more affordable. That being said, AirTags are one of Apple’s most affordable products, and they’re extremely easy to pair with your phone. A single AirTag costs $29 typically, though Amazon currently has it on sale for $27. Considering an AirTag could help find your missing wallet filled with money, at under $30 it’s well worth the investment.Apple AirTag (2nd Generation)

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Check price at AmazonHowever, if you want to stretch your dollar farther, third-party trackers are the way to go. You can get four of the Ugreen FineTrack Air Tracker Tags, which are Apple Find My Certified, for less than the price of a single AirTag. This statement is true when the trackers are available at their original price of $26, but Amazon has a limited-time deal on the devices, bringing the total cost for the four-pack down to only $20 — that’s just $5 per tracking tag. They even have a practical pinging feature, so you can loudly ring them when you’re nearby to better locate your lost gear.Ugreen 4-Pack of FineTrack Air Tracker Tags

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Check price at AmazonFour trackers may seem like more than you need, but there are so many ingenious ways to use these trackers. Before diving into these potential uses, there’s one thing to note: tracking tags that work with the Apple Find My app generally only work for those with an iPhone or iPad. If you have an Android smartphone, you’ll need to find a tracker that supports Android devices, like the Samsung SmartTag2.How to use a tracking tagAs long as you have a way to attach the tracker to an object, you can really use it on anything, but the most popular and practical uses for a tracking tag include:Tracking lost luggage: Adding a tracker to your carry-on luggage or checked suitcase means you can keep an eye on your bags as you travel. In a busy, bustling airport, you could even put a tracker in your child’s backpack to quickly find them if you accidentally get separated. Securing wallets and handbags: Replacing a lost driver’s license and credit cards can be time-consuming and costly, but adding a tag to these items provides an extra layer of protection. Monitoring pets: My dog is an escape artist, and now wears an AirTag on his collar. I am instantly pinged when he goes outside of the normal radius, but I can also view his location on the map if he’s ever out of sight. I wholeheartedly recommend a tracker to any fellow pet owners who have a cat or dog that occasionally likes to cause trouble.  Protecting high-value items: Any expensive or sentimental gear you want to protect could be paired with a tracking tag, whether it’s an electric bike, guitar, or a fancy camera.Finding frequently lost things: Are you constantly losing your car keys or the television remote? A tracker can cut down on the time spent searching for misplaced belongings.More smart tracking tag dealsCoioc Air Tracker Tags

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Check price at AmazonLife360 Tile Slim Wallet Finder

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Check price at AmazonAtuvos Air Tracker Tags

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Check price at AmazonTheStreet Shopping is your guide for shopping insights and advice. We look beyond the price tag to find the best value in home, tech, and wellness gear based on product features and real-world use. Read more about our Editorial Standards and How We Choose Our Shopping Deals.

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealOne of the greatest joys that comes with warmer weather is sitting outside on your patio or porch and simply enjoying the vibes. That endeavor is made far easier if you have the right patio furniture. Perhaps the best example of this is how you feel rocking back and forth in a patio swing. If you don’t know the feeling, then maybe you should give it a try. Walmart can help you do that thanks to a deal its offering on a lovely canopied swing.The Aecojoy Stainless Steel Porch Swing is on sale for only $100. That’s 38% off the original price of $160. If there was ever a perfect time to get new patio furniture, this deal would signify that moment.Aecojoy Stainless Steel Porch Swing, $100 (was $160) at Walmart

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Shop at WalmartWhy do shoppers love it?Porch swings are an underrated option when it comes to patio furniture, and this model is the perfect example of that. For starters, it includes a large flat sun shade that covers the swing. While swinging in the sun can be nice, it can quickly become uncomfortable on especially warm days. The canvas canopy is water resistant and fully adjustable. It can tip forward and backward depending on where you want to position it in relation to the sun. The high-density fabric repels water and keeps you dry when the rain starts to fall.The seat can fit up to three people comfortably, and the swing has moderate cushioning on both the seat and the back. While it’s soft enough to be comfortable, the swing also offers a reasonable amount of support for those who may have back issues. The cushions could possibly be thicker, but that would likely increase the price, and make them less weather resistant and more susceptible to mildew. Suspended by dual heavy-duty springs, the seat has an impressive weight capacity of 450 pounds. However, the springs aren’t the only example of heavy-duty construction in regards to this swing.The entire frame is made from powder-coated stainless steel. It’s rustproof and corrosion resistant, making the swing an optimal choice for year round use. Exposure to the elements won’t damage this piece like it may do to lesser materials like wicker. There are four anti-slip foot pads to help keep the swing in place, even when in use. Additionally, the swing is available in six colorways. Related: Walmart’s bestselling 2-seat porch swing is on sale for 50% offPros and consProsCanopy: The swing includes a canopy that has the dual benefit of protection from the sun and rain.Construction: The powder coated steel frame offers a stable base for the swing.Weight: A weight capacity of 450 pounds means that you can fit multiple people on the swing without fear of damaging it.Colors: This beautiful piece is available in six color variants, offering plenty of variety for buyers.ConsCushions: Some might prefer that the cushions be thicker, though that would increase the price and likely make them less weather resistant to moisture.Instructions: Some shoppers mention that they would have preferred to have more detailed instructions included for assembly.Walmart shoppers were very happy with the swing. One buyer said they “love it,” adding that it was “exactly what I wanted and I was able to put it together myself…It’s been raining for weeks and there’s no tearing in the seams.” Other reviewers also cited the ease of assembly as a big benefit, though some complained that the instructions were not as thorough as they might have liked. Shop more deals WestinTrends Malibu Outdoor Folding Adirondack Deck Chair, $117 (was $190) at WalmartLavish Home 3-Piece Sectional Patio Set, $422 (was $460) at WalmartMF Studio Wicker Patio Set, $255 (was $510) at WalmartThe Aceojoy Stainless Steel Porch Swing is a great buy at just $100. If you want to swing into summer with a smile on your face and a little extra cash in your bank account, then this deal is the way to go.

This image makes less sense than the first two seasons of Rings of Power combined.

AI for mental health relies on a hidden factor, namely the use of leading-edge harness engineering. This is critical. An AI Insider analysis and scoop.

General Motors reported strong second-quarter results on Tuesday, July 21, but the stock was caught up in the broader automotive sell-off spurred by Tesla’s own disappointing quarter. GM topped analyst estimates on every level, driven by strong sales from high-margin full-size pickup trucks in North America, the company’s most profitable region. That margin strength was the opposite of what automotive rival Tesla reported in its most recent quarter. But Tesla’s mixed quarter was pulling the entire automotive sector down this week, as the company’s margins were under pressure, despite strong demand that led to record revenue.GM reported second-quarter earnings of $3.57 per share, easily topping analysts’ $3.20 per share expectations. Revenue of $48.03 billion also topped $47.01 billion estimates. GM also raised its EBIT guidance to between $14 billion and $16 billion from its previous view between $13.5 billion and $15.5 billion. It also raised its full-year EPS expectations to between $12 and $14 from between $11.50 and $13.50.Meanwhile, in the second quarter, Tesla reported record revenue of $28.24 billion, a 26% year-over-year increase that topped estimates, but the 33 cents per share it earned on that revenue widely missed Wall Street’s consensus 50 cents per share estimates. Tesla shares fell as low as $320 in trading the day after its earnings release. GM is winning on margins while Tesla faces pressureGeneral Motors credited disciplined pricing for its strong Q2 margins as its 8.6% earnings before interest and taxes in North America grew by two-and-a-half points year over year.But more than that broad explanation, GM CEO Mary Barra also credited a strong product portfolio, growing software and services revenue, lower warranty costs, reduced EV losses, and increased operating efficiency with helping GM improve its margins by 70 basis points over the past three years. “Meanwhile, our broader peer set has seen margin reduction by 400 basis points,” Barra pointed out during the company’s earnings call. “We’ve just continued to perform. At the same time, our operating discipline has been a key driver of the structural improvement in our adjusted automotive free cash flow generation, which has improved from $3 billion-$5 billion annually on average over the last decade, to consistently above $10 billion since 2022.”Demand wasn’t a problem for either GM or Tesla, as the North American market has been surprisingly resilient in the face of persistent inflationary pressure, as well as rising energy prices due to the Iran War.GM understands that eventually those realities will show up on its balance sheet, but it is preparing for that eventuality while also reaping the benefits of the current environment.”We haven’t quantified any of that; we’re going to see some inflationary pressures in the business. I think that’s just to be expected across the board,” Jacobson said. “What we’re really trying to do now is essentially say that many of the things that are allowing us to expand our margins in 2026 are multi-year trajectories, whether it be warranty, EV profitability, or digital revenue growth.”…We still believe that we’ve got a good trajectory of continued margin expansion and continued EBIT growth,” Jacobson said.

jetcityimage / Getty Images

Tesla chases delivery growth at the expense of marginsIt’s hard to get a handle on Tesla’s current position in the market after two asymmetrical quarters.Tesla reported second-quarter revenue of $28.2 billion, a record that topped analyst estimates of $27.6 billion. However, the 33 cents per share the company reported missed estimates from analysts polled by Tesla, who were expecting 55 cents per share.So it seems that as Tesla chased volume, delivering 480,126 vehicles, a 25% increase from the same period a year ago, it sacrificed margins to get there. Net income for the quarter fell 17% to $1.15 billion. Analysts were expecting net income of $1.27 billion.Meanwhile, Tesla’s results from the first quarter were flipped.Tesla missed analyst revenue expectations, reporting $22.39 billion versus analysts’ $22.64 billion, yet earnings of 41 cents per share topped estimates of 37 cents per share.And while margins suffered this quarter, the company did see some growth drivers outside of low-margin auto sales.“Power generation and storage showed steady growth, showing +40% higher revenues and continued acceleration in demand,” Brian Mulberry, chief market strategist at Zacks Investment Management, told TheStreet. “In Q2 2026, Tesla achieved a 25% year-over-year increase in deliveries to 480,126 vehicles, driven by inventory reduction and heavy promotions that, along with a 67% drop in regulatory credits, compressed automotive gross margins (ex-credits) to 16.3%.”Strong demand is the biggest bullish takeaway from the quarter, as inventory improved, falling to 15 days of supply from 27.Related: 3 Tesla shareholders speak out after mixed Q2 earnings

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealIf you are looking for a way to beat the heat this summer, you need a personal fan. The Morecore Portable Misting Fan is available at Amazon for just $13. This fan has it all, from powerful speeds to a cooling mist feature in an under-$20 deal.Amazon shoppers have given this misting fan over 500 perfect ratings, and more than 900 have been purchased in the past month. “This is hands down the most powerful handheld fan I’ve come across,” one reviewer wrote. “It’s compact enough to travel with and feels like a must-have if you’re heading anywhere hot and humid,” they added.Morecore Portable Misting Fan, $13 at Amazon

Courtesy of Amazon

Shop at AmazonDetails to knowThis fan is rechargeable through a USB-C cable and can run for up to 10 hours on a single charge. There are three-speed settings and a 30-milliliter water tank that produces a fine mist. The fan also comes with a 60-milliliter bottle that can be used to refill the water tank while on the go. The handle of this fan folds 180 degrees to sit on your desk, so you can enjoy a cooling breeze while working.When extended, the fan is 9.4 inches long, and when fully folded, the fan is 5.6 inches long. This makes it great for packing in your suitcase when traveling or taking on a day trip to the beach.Related: Amazon has a portable fan with a cooling chip for only $14This fan is lightweight, weighing just half a pound, and has a 4.4-star rating at Amazon. “I purchased this for our trip to Disney and it was so worth it,” another reviewer wrote. “It holds a charge for a full day, and you get a mist of water if you fill it up. This item didn’t disappoint.”Shop more dealsHandFan Upgraded Portable Handheld Misting Fan, $18 (was $24) at AmazonOtlonpe Handheld Misting Fan, $24 at AmazonAt just $13, the Morecore Portable Misting Fan is a great deal that will keep you cool all summer long. 

Christopher Nolan’s “The Odyssey” is projected to have another big turnout in its second weekend at the domestic box office.

Errol Spence Jr. meets Tim Tszyu at a full 160 pounds in Sydney on Saturday. Here are the main-card start time, ring-walk timing, weigh-in results and the full card.