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examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. U.S. stocks endured a difficult week as a renewed surge in oil prices and disappointing reactions to Big Tech earnings weighed heavily on investor sentiment. The S&P 500, Nasdaq Composite and Dow Jo
IBM (IBM) is scheduled to report results of its fiscal second quarter after the market close on July 22, with a conference call scheduled for 5:00 pm ET. What to watch for: PROFIT WARNING: Last week, IBM released selected preliminary Q2 results, guiding for Q2 adjusted earnings per share of $2.93 on revenue of $17.2B.
examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. U.S. stocks finished a volatile week lower as an escalating selloff in artificial intelligence and semiconductor shares overshadowed encouraging inflation data. The S&P 500 and Nasdaq Composite post
This week, International Business Machines Corporation (NYSE: IBM ) shares took a hit following the news surrounding its preliminary second-quarter results, which fell short of expectations. This disappointing performance was attributed to a shift in client capital spending and execution issues, marking the worst singl
IBM warned that its software and infrastructure business is getting hurt as clients shift spending to build out their AI operations, including servers, storage and memory chips. Shares are down 22% this morning after reporting weaker-than-expected preliminary Q2 earnings. - per Cramer Investing Club Newsletter
Dow futures are modestly lower and Nasdaq futures are slightly higher as semiconductor stocks attempt to rebound from Monday's selloff. Markets are trading cautiously this morning as investors react to a mix of inflation data, bank earnings and congressional testimony from Federal Reserve Chair Kevin Warsh. The combina
IBM Q2 Preliminary Earnings
IBM Q2 Preliminary Earnings