1. Jim Cramer recommends D-Wave Quantum, price target $20. 2. New Gold's earnings expected to rise significantly from last year. 3. CleanSpark's Bitcoin mining decreased slightly, yet maintained strong holdings. 4. D-Wave Quantum shares rose 4.7%, while New Gold shares fell 2%. 5. Cramer suggests Agnico Eagle as a better alternative to New Gold.
D-Wave Quantum’s bullish recommendation and rising price may influence tech stocks in S&P 500, akin to prior tech rallies boosting the index.
Analyst upgrades and well-performing stock recommendations can create positive sentiment that impacts broader market indices, especially in technology.
Positive sentiment from analysts and immediate stock price reactions indicate short-term spikes; trends in growth stocks are typically more pronounced shortly after such announcements.