Tag: International Business Machines Corp

Stocks making the biggest moves midday: Chevron, Tesla, Seagate Technology, United Rentals and more

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Check out the companies making headlines in midday trading. Seagate Technology — Shares of the data storage company surged more than 10% a day after Seagate posted beats on the top and bottom line for its fiscal second quarter. Seagate reported earnings of 16 cents per share on revenue of $1.89 billion. Analysts called for earnings of 10 cents per share on $1.83 billion in revenue, according to Refinitiv. Chevron – Shares of the energy giant popped 4% a day after the company announced a $75 billion buyback and said…

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Stocks making the biggest moves premarket: Southwest, Tesla, Las Vegas Sands and more

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A Southwest Airlines Co. Boeing 737 passenger jet pushes back from a gate at Midway International Airport (MDW) in Chicago, Illinois. Luke Sharrett | Bloomberg | Getty Images Check out the companies making the biggest moves premarket: Southwest — The airline dropped 2.1% after reporting a $220 million loss for the fourth quarter after the holiday meltdown cost the company millions in expenses and drove up expenses. Comcast — The media company reported fourth-quarter earnings that beat Wall Street’s expectations, with earnings per share coming in at 82 cents, adjusted,…

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5 things to know before the stock market opens Thursday

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Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 25, 2023.  Andrew Kelly | Reuters Here are the most important news items that investors need to start their trading day: 1. The earnings march goes on We’re deeper into earnings season, so investors are getting more and more data to chew over every day. Tesla, IBM and Levi Strauss headlined Wednesday’s after the bell earnings, while several more hit Thursday, including Comcast before the bell and Intel after the market…

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Stocks making the biggest moves after hours: Tesla, Chevron, ServiceNow, Levi Strauss, IBM and more

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A customer refuels at a Chevron gas station with prices above $4 a gallon in Seattle, Washington, U.S., on Monday, March 7, 2022. David Ryder | Bloomberg | Getty Images Check out the companies making headlines after the bell. Tesla — Shares rose 0.4% in volatile trading after the electric-vehicle maker reported earnings and revenue for the fourth quarter that beat analyst expectations. However, Tesla’s gross margins came in at the lowest levels in the past five quarters. Chevron — Shares advanced 2.7% after the oil company announced a $75…

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IBM tops revenue estimates, says it will cut 3,900 jobs

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IBM CEO Arvind Krishna speaks at a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2023. Stefan Wermuth | Bloomberg | Getty Images IBM reported quarterly revenue on Wednesday that topped analysts’ estimates, driven by higher-than-expected growth in the company’s software and infrastructure segments. Here’s how the company did: Earnings: $3.60 per share, adjusted, vs. $3.60 per share as expected by analysts, according to Refinitiv. Revenue: $16.69 billion, vs. $16.4 billion as expected by analysts, according to Refinitiv. Analysts had expected IBM’s total revenue to…

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5 things to know before the stock market opens Wednesday

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People walk past the New York Stock Exchange (NYSE) on Wall Street on July 12, 2022 in New York City. Angela Weiss | AFP | Getty Images Here are the most important news items that investors need to start their trading day: 1. A lot more earnings to go Markets have kept their heads above water so far this month, even as economic data point to a potential recession and corporate earnings have been mixed, at best. On the latter point, more than 70 companies listed on the S&P 500…

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Jim Cramer says these 6 ‘positives’ could help lift stocks during earnings season

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CNBC’s Jim Cramer on Monday said that several elements could help propel stocks higher, even during what could be an ugly earnings season. Tuesday kicks off a new earnings season featuring some of the biggest companies in tech, retail and consumer goods. Companies like Microsoft, IBM and ServiceNow are slated to report their quarterly financial results this week. related investing news Here are the six factors that could help stocks as companies report earnings, according to Cramer: More firms are implementing layoffs. Companies including Microsoft, Salesforce and Wayfair recently announced…

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5 things to know before the stock market opens Monday

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Traders work on the floor of the New York Stock Exchange.  NYSE Here are the most important news items that investors need to start their trading day: 1. Hanging on The three major stock indices are still in positive territory this month despite last week’s choppy results. Stocks closed Friday on a high note, with the Nasdaq pulling out a gain for the week, even as the Dow and S&P 500 slid. Investors will parse through a big slate of earnings this week (more on this below) as they look…

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Cramer’s week ahead: Be ‘on your toes’ this earnings period

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CNBC’s Jim Cramer on Friday urged investors to make careful, considered decisions regarding their portfolios when the new earnings season kicks off next week. “It’s a pivotal week. First of three. Be on your toes. Listen to the calls. Don’t take any action unless you’re certain. It’s very hard to be certain about anything that’s just reported,” he said, reiterating some of his five rules for earnings season. The highly-anticipated earnings season will see the biggest companies in tech, retail and consumer goods report their quarterly financial results.  Cramer previewed…

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Stocks making the biggest moves premarket: United Airlines, Moderna, IBM and more

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A United Airlines plane taxis at Newark International Airport, in Newark, New Jersey, on January 11 2023. Kena Betancur | AFP | Getty Images Check out the companies making headlines in premarket trading. United Airlines – Shares of United Airlines rose 3.5% after the company reported quarterly earnings that topped Wall Street’s estimates for the fourth quarter, signaling strong demand amid higher prices. United posted adjusted earnings per share of $2.46 on $12.4 billion in revenue. Analysts expected adjusted earnings per share of $2.10 and $12.2 billion in revenue, per…

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