IBM’s (NYSE: IBM) share price is struggling to hold gains inspired by the Q1 earnings report, and they may move lower but don’t take this as a signal to sell. The results failed to sustain a rally, but they aren’t bad. The results are mixed; IBM isn’t growing fast, but who .... |
Good MorningEquity markets continue to tread water beneath significant resistance points as investors weigh the onslaught of earnings reports. While most reports are better than expected, the news is often mixed regarding analysts' expectations, and guidance is more in line with the consensus than not. In the eyes of a market that needs improvements, the news is ok but not enough to spur a sustainable rally.
Next week will be a challenge for the market. Not only does the Q1 reporting season kick into high gear, but the PCE Price Index is due out on Friday. Given the state of inflation and interest rates, this reading may be more important than ever. A hot report, or even one that is only slightly cooler than before, may not be enough to excite investors. With high inflation, the market needs to expect interest rates to remain high and that general demand will continue to decline. Featured: The hardware layer driving AI's next trillion-dollar phase (Ad) 
| Technology | |
IBM’s (NYSE: IBM) share price is struggling to hold gains inspired by the Q1 earnings report, and they may move lower but don’t take this as a signal to sell. The results failed to sustain a rally, but they aren’t bad. The results are mixed; IBM isn’t growing fast, but who ... Read the Full Story |
| From Our Partners | | Your account is not currently signed up for MarketBeat's free Monday morning stock ideas. Our team is going to be releasing an important pick on Monday morning (at 11am ET) and we want to make sure that you are able to see it. | | Add your name to the distribution list here |
| Consumer Staples | |
Shares of Philip Morris International, Inc. (NYSE: PM) are trying to stage a recovery after falling 5% in pre-market trading on April 20. This came after the company reported mixed results in its first quarter earnings. However, prior to the sell-off, PM stock was beating the S&P 500 index ove... Read the Full Story |
| Consumer Discretionary | |
Genuine Parts Company (NYSE: GPC) has had its share of ups and downs, but along the way, it has proven the value of Dividend Kings. Dividend Kings and their 50+ year history of distribution increases have proved an ability to operate in all markets, a willingness to change with the times, and the ... Read the Full Story |
| From Our Partners | | Porter Stansberry believes President Trump will use the December G20 Summit in Miami to unveil a radical monetary reset tied to executive order 14241 - one he says could draw a sharp dividing line between prepared investors and those left behind.
The last time America reset its money - under Nixon in the 1970s - it produced an average of 1,300 new millionaires per day for over 50 years. Stansberry's new documentary names a core group of assets he believes are positioned to surge as Trump's new dollar rolls out.
Watch Porter Stansberry's full briefing and get his three steps to prepare before December. | | Watch Porter Stansberry's full briefing and get his three steps to prepare before December. |
| Consumer Discretionary | |
As good as D.R. Horton’s (NYSE: DHI) Q2 results and outlook are, the home building industry is rushing toward a cliff that points to slowing sales over the long term. Supply/demand imbalances aside, the rise of inflation and interest rates is hurting the market; the quarterly strength is due... Read the Full Story |
| Finance | |
Consumer spending usually follows close behind when the economic cycle swings from expansion to contraction. As discretionary and corporate spending increases, American Express (NYSE: AXP) is able to report a total 16% network growth rate annually in its first quarter earnings results, driven by a... Read the Full Story |
| From Our Partners | | While the trade war grabs headlines, the Department of Justice has quietly argued in court that cash may not be legally yours. If Washington can seize imported goods without warning, your bank account could be the next target.
Governments rarely announce moves against private wealth in advance. A free Wealth Defense Guide outlines how to move your savings out of reach before the window closes. | | Get your free Wealth Defense Guide and protect your savings now |
| Finance | |
There was always a chance it was going to happen, but not many on Wall Street were expecting such a beat from Morgan Stanley (NYSE: MS). The New York-headquartered financial giant reported their Q1 numbers yesterday, which really could have gone anywhere because, as quarters go, it was a rough one... Read the Full Story |
| Materials | |
The United States Capacity Utilization readings have been on a bouncing rally since a drastic slip in the fourth quarter of 2022. Currently, the nation is reading 79.8% capacity utilization, a still-elevated level risking ongoing inflation, which may not satisfy FED targets and could bring on furt... Read the Full Story |
| Healthcare | |
The day after Intuitive Surgical, Inc. (NASDAQ: ISRG) beat on earnings, ISRG stock is off to the races. On a day when the broader market is slumping, shares of Intuitive Surgical are up more than 11% in late-session trading. This puts the stock up 26% for the month. But with a forward price-to-ear... Read the Full Story |
| Consumer Discretionary | |
The decline of COVID and easing travel restrictions drive a robust recovery for leisure stocks like Las Vegas Sands (NYSE: LVS). That rebound took on a new tone with the company's Q1 report, characterized by words like robust and acceleration. The takeaway is that Las Vegas Sands and competitors l... Read the Full Story |
| Consumer Discretionary | |
In what will have been one of the most anticipated earnings reports of the season, electric vehicle giant Tesla Inc’s (NASDAQ: TSLA) released their latest numbers after yesterday’s session. In terms of the resulting fanfare, surprise and commentary, it didn’t disappoint.
Compar... Read the Full Story |
| Friday's Early Bird Stock Of The Day Walmart Inc. engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications. The company offers grocery and consumables, including dairy, meat, bakery, deli, produce, dry, chilled or frozen packaged foods, alcoholic and nonalcoholic beverages, floral, snack foods, candy, other grocery items, health and beauty aids, paper goods, laundry and home care, baby care, pet supplies, and other consumable items; fuel, tobacco and other categories. It is also involved in the provision of health and wellness products covering pharmacy, optical and hearing services, and over-the-counter drugs and other medical products; and home and apparel including home improvement, outdoor living, gardening, furniture, apparel, jewelry, tools and power equipment, housewares, toys, seasonal items, mattresses and tire and battery centers. In addition, the company offers consumer electronics and accessories, software, video games, office supplies, appliances, and third-party gift cards. Further, it operates digital payment platforms; and offers financial services and related products, including money transfers, bill payments, money orders, check cashing, prepaid access, co-branded credit cards, installment lending, and earned wage access. Additionally, the company markets lines of merchandise under private brands, including Allswell, Athletic Works, Equate, and Free Assembly. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas. | | View Today's Stock Pick |
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