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International Business Machines

International Business Machines

$IBM
NYSETechnology

84 stories mentioning International Business MachinesUpdated 4d ago

Trading with the broader tech sector, which swung from a Nasdaq pullback to a five-week low to gains amid US-Iran peace-deal optimism.

Wire

Market Chatter: IBM to Add 750 AI, Quantum Computing Jobs in Chicago

International Business Machines (IBM) plans to add 750 jobs over the next five years focused at the Illinois Quantum and Microelectronics Park in Chicago, Bloomberg reported Wednesday, citing a joint statement by the company and Illinois Governor JB Pritzker.The positions will be focused on artificial intelligence, quantum computing, cybersecurity and data science, the report said.IBM, which will get $19 million from a sate tax-credit program, will also establish the FutureNow Chicago center at the hub, according to the report.IBM didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $230.48, Change: $-2.57, Percent Change: -1.10%

$IBM
Wire

IBM to Add 750 AI, Quantum Computing Jobs in Chicago, Bloomberg Reports

IBM to Add 750 AI, Quantum Computing Jobs in Chicago, Bloomberg Reports

$IBM
Research

HSBC Upgrades International Business Machines to Hold From Reduce, Adjusts PT to $231 From $218

International Business Machines (IBM) has an average rating of overweight and mean price target of $282.44, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$IBM
US Markets

Nasdaq, S&P 500 Retreat From Record Highs as Tech Shares Fall, Oil Climbs

The Nasdaq Composite and the S&P 500 pulled back from record highs on Thursday, dragged down by a sell-off in technology stocks, while oil prices rose.The Nasdaq fell 0.9% to 24,438.5, while the S&P 500 dropped 0.4% to 7,108.4, a day after both indexes notched record-high closing levels. The Dow Jones Industrial Average dropped 0.4% to 49,310.3. Tech saw the steepest decline among sectors, shedding 1.5%, while utilities paced the gainers with a 2.8% advance.ServiceNow (NOW) shares sank nearly 18%, the worst performer on the S&P 500, following its quarterly results.Shares of other major tech names also fell, with Salesforce (CRM) down 8.7%, the steepest decline on the Dow. Microsoft (MSFT) lost 4%, while tech bellwether Nvidia (NVDA) shed 1.4%.International Business Machines (IBM) followed Salesforce on the Dow, as the stock tumbled 8.3%. Late Wednesday, the technology giant maintained its full-year revenue growth outlook even as it reported first-quarter results above Wall Street's estimates.Tesla (TSLA) slumped 3.6% despite the company reporting stronger-than-expected first-quarter results. The electric vehicle manufacturer is ramping up its capital investments, which will result in a negative free cash flow for the rest of 2026, according to Chief Financial Officer Vaibhav Taneja.Tesla's aggressive capital spending on artificial intelligence initiatives should boost revenue, though it may take some time before those gains materialize, UBS Securities said in a Thursday note to clients.American Express (AXP) shares fell 4.3%, also among the biggest declines on the Dow, even as the payments company reported better-than-expected first-quarter results and reiterated its full-year outlook.West Texas Intermediate crude oil was up 3.7% at $96.37 per barrel in Thursday late-afternoon trade, on track for its fifth day of gains. Brent rose 3.8% to $105.82, extending its advance to a fourth day.US President Donald Trump ordered the US navy to "shoot and kill any boat" placing mines in the Strait of Hormuz, he said in a social media post on Thursday. Separately, Trump claimed that the US has "total control" over the key oil supply chokepoint.Trump extended a ceasefire with Iran earlier in the week, though he said the naval blockade of Iranian ports would continue. Iran's Islamic Revolutionary Guard Corps on Wednesday reportedly seized two tankers attempting to cross the Strait of Hormuz."Hopes for a resolution between the US and Iran are fading as peace talks stall," ING Bank said Thursday in a report. "If no progress is made, the market will become increasingly numb to the noise and headlines that have dictated price action recently."A second round of ceasefire talks between Israel and Lebanon was scheduled to take place at the White House on Thursday, according to media reports. On April 16, Trump announced a 10-day ceasefire between Israel and Lebanon.US Treasury yields were higher, with the 10-year rate up 2.2 basis points at 4.33% and the two-year rate rising 3.6 basis points to 3.84%.In economic news, government data showed weekly applications for unemployment insurance in the US increased more than expected, while continuing claims largely matched Wall Street's estimates."We remain of the mind that the conflict in Iran is unlikely to cause significant disruptions in the US labor market," Jefferies Chief US Economist Thomas Simons said in a note on Thursday. "There are many vulnerable points in the global economy that are at risk in the near-term due to potential shortages of all sorts of commodities, but for better or worse, the US economy is likely going to be the most insulated in the world."Gold was down 0.9% at $4,712.20 per troy ounce, while silver lost 3.2% to $75.46 per ounce.

Dow JonesNasdaq CompositeS&P 500$AXP$CRM$IBM$MSFT$NOW$NVDA$TSLA
Asia Markets

US Equity Indexes Drop as Growth Sectors Dampen Sentiment, Hormuz Deadlock Continues

US equity indexes fell as technology and consumer discretionary stocks weighed on investor sentiment, which remains frail as the standoff over the Strait of Hormuz, the choke-point for about a fifth of global crude oil flows, persists.The Nasdaq Composite fell 0.9% to 24,438.50, with the Dow Jones Industrial Average down 0.4% to 49,310.32, and the S&P 500 lower by 0.4% to 7,108.40 on Thursday. Utilities and industrials led the gainers.Shares of IBM (IBM) slid 8.3%, among the steepest decliners on the Dow, following Q1 results. Software growth decelerated to 8% in constant currency from 11% in Q4 and 9% in Q3, a "potential red flag for the bears," CFRA said in a note.Tesla (TSLA) slid 3.6% after the firm issued higher-than-expected 2026 capital expenditure guidance. TechCrunch reported the group is planning to spend $25 billion, compared with $8.5 billion in 2025.ServiceNow (NOW) reported strong Q1 results, but softer organic revenue trends and a slightly weaker margin outlook weighed on the overall forecast, Oppenheimer said in a note. Shares of ServiceNow sank 18%, the worst performer on the S&P 500.Texas Instruments (TXN) soared 19%, among the top outperformers on the S&P 500 and the Nasdaq, after the company posted higher Q1 earnings and sales and set out Q2 guidance above consensus.In geopolitical developments, President Donald Trump ordered the US Navy to "shoot and kill" any boat that is laying mines in Hormuz, according to a Truth Social post on Thursday. On the same day, Iran flaunted its tightened grip over Hormuz with a video of commandos storming a cargo ship named MSC Francesca, Reuters reported.The United States and Iran remain at an impasse, with Tehran refusing to negotiate a peace deal as long as the US Navy continues to blockade its ports and Washington refuses to lift the siege. Trump said the pressure is on Iran to reach a deal ending the war, claiming he has "all the time in the world," CNN reported.Iran "had made the lifting of the US blockade a precondition for the resumption of negotiations," Helima Croft, head of global commodity strategy at RBC Capital Markets, said in a note. "President Trump, for his part, has indicated that the ceasefire will remain in place for now, leaving the conflict in a no airstrike, minimal movement of ships, unsustainable equilibrium."West Texas Intermediate crude oil futures jumped 3.6% to $96.51, and Brent crude futures advanced 3.7% to $105.58.In precious metals, gold futures fell 1.1% to $4,703.3, and silver futures dropped 3.5% to $75.27 as higher crude oil prices tend to raise inflation concerns. Most US Treasury yields rose, reflecting a similar dynamic in the fixed-income complex in addition to the macroeconomic data. The 10-year yield jumped 3.1 basis points to 4.33%, and the two-year rate climbed 3.8 basis points to 3.83%.In US economic news, initial jobless claims rose to 214,000 in the week ended April 18 from an upwardly revised 208,000, compared with the 210,000 print expected in a Bloomberg-compiled survey.Meanwhile, the April flash reading of manufacturing conditions from S&P Global improved to a 47-month high of 54.0 from 52.3 in March, compared with the 52.5 anticipated in a Bloomberg-compiled poll.

Dow JonesNasdaq CompositeS&P 500$IBM$NOW$TSLA$TXN
Japan

US Equity Indexes Fall as Growth Sectors Undermine Sentiment, Hormuz Standstill Continues

US equity indexes traded lower ahead of Thursday's close, as technology and consumer discretionary stocks weighed amid a continuing standoff over the reopening of the Strait of Hormuz.The Nasdaq Composite fell 1% to 24,423.1, with the Dow Jones Industrial Average down 0.4% to 49,299.9, and the S&P 500 lower by 0.4% to 7,107.2.Shares of International Business Machines (IBM) slid 8.1%, among the steepest decliners on the Dow, following Q1 results. Software growth decelerated to 8% in constant currency from 11% in Q4 and 9% in Q3, a "potential red flag for the bears," CFRA said in a note.Tesla (TSLA) dropped 3.5% after the electric vehicle manufacturer issued higher-than-expected 2026 capital expenditure guidance. TechCrunch reported the electric vehicle manufacturer is planning to spend $25 billion this year, compared with $8.5 billion in 2025.Texas Instruments (TXN) soared 18%, among the biggest outperformers on the S&P 500 and the Nasdaq, after the company posted higher Q1 earnings and revenue and set out Q2 guidance above consensus.President Donald Trump has ordered the US Navy to "shoot and kill" any boat that is laying mines in Hormuz, according to his Truth Social post on Thursday. On the same day, Iran flaunted its tightened grip over Hormuz with a video of commandos storming a cargo ship named MSC Francesca, Reuters reported.The United States and Iran remain at an impasse, with Tehran refusing to negotiate a peace deal as long as the US Navy continues to blockade its ports and Washington refuses to lift the siege.West Texas Intermediate crude oil futures jumped 3.6% to $96.51, and Brent crude futures advanced 3.7% to $105.58.

Dow JonesNasdaq CompositeS&P 500$IBM$TSLA$TXN
Wire

Sector Update: Tech Stocks Mixed Late Afternoon

Tech stocks were mixed late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) rising 1.3%.The Philadelphia Semiconductor index added 0.9%.In corporate news, Meta Platforms (META) plans to eliminate roughly 8,000 jobs, or 10% of its workforce, in an attempt to boost efficiency and offset significant spending on AI, Bloomberg reported, citing a memo the company sent to employees. Meta shares were down 2.3%.IBM (IBM) shares fell past 8% after its quarterly results. Software growth decelerated to 8% in constant currency from 11% in Q4 and 9% in Q3, a "potential red flag for the bears," CFRA said in a note late Wednesday.ServiceNow (NOW) reported strong Q1 results, but softer organic revenue trends and a slightly weaker margin outlook weighed on its overall forecast, Oppenheimer said in a note. Its shares tumbled past 17%.Texas Instruments (TXN) shares jumped past 18% after it posted higher Q1 earnings and revenue and set out Q2 guidance above consensus.

$IBM$META$NOW$TXN
US Markets

Equities Fall Intraday Amid Tech Sell-Off; Oil Rises

US benchmark equity indexes were lower intraday as traders dumped technology stocks, while increased tensions in the Strait of Hormuz sent oil prices higher.The Nasdaq Composite was down 1.3% at 24,336.1 after midday Thursday, while the Dow Jones Industrial Average shed 0.9% to 49,068.4. The S&P 500 lost 0.9% to 7,076.7. Both the Nasdaq and the S&P 500 hit fresh record highs in the previous session.Among sectors, technology saw the steepest decline, shedding 1.8% intraday, while utilities paced the gainers with a 2.4% advance.ServiceNow (NOW) shares sank 18%, the worst performer on the S&P 500, following its quarterly results.Shares of other major tech names were also lower, including Salesforce (CRM), down 9.3% intraday, which was the steepest decline on the Dow, while Microsoft (MSFT) fell 4.2%.International Business Machines (IBM) followed Salesforce on the Dow, falling 9%. Late Wednesday, the technology giant maintained its full-year revenue growth outlook even as it reported first-quarter results above Wall Street's estimates.Tesla (TSLA) declined 2.9% intraday, despite the company reporting stronger-than-expected first-quarter results. The electric vehicle manufacturer said late Wednesday that it is ramping up its capital investments, while Chief Financial Officer Vaibhav Taneja flagged a negative free cash flow for the rest of 2026.Tesla's aggressive capital spending on artificial intelligence initiatives should boost revenue, though it may take some time before those gains materialize, UBS Securities said in a Thursday note to clients.American Express (AXP) shares were down 4.6%, among the biggest declines on the Dow, even as the payments company reported better-than-expected first-quarter results and reiterated its full-year outlook.West Texas Intermediate crude oil was up 3.9% at $96.60 per barrel, while Brent rose 3.6% to $105.55.US President Donald Trump ordered the US navy to "shoot and kill any boat" placing mines in the Strait of Hormuz, he said in a social media post on Thursday.In another post, Trump claimed that the US has "total control" over the key oil supply chokepoint, which he said was sealed "until such time as Iran is able to make a deal."Trump extended a ceasefire with Iran earlier in the week, though he said the naval blockade of Iranian ports would continue. Iran's Islamic Revolutionary Guard Corps on Wednesday reportedly seized two tankers attempting to cross the Strait of Hormuz."Hopes for a resolution between the US and Iran are fading as peace talks stall," ING Bank said Thursday in a report. "If no progress is made, the market will become increasingly numb to the noise and headlines that have dictated price action recently."US Treasury yields were higher intraday, with the 10-year rate up 1.9 basis points at 4.33% and the two-year rate rising 2.1 basis points at 3.83%.In other company news, Comcast (CMCSA) reported higher-than-expected first-quarter results as the media and connectivity giant benefited from the Milan Cortina Winter Olympics and Super Bowl LX. The company's shares were up 8.3% intraday.Thermo Fisher Scientific (TMO) raised its full-year outlook on Thursday as first-quarter results came in stronger than expected, even as organic growth fell short of analysts' estimates. The stock was down nearly 11%, among the steepest declines on the S&P 500.Lockheed Martin's (LMT) first-quarter earnings decreased more than expected, while its sales fell short of market estimates. The defense contractor's shares were 5.5% lower.Gold was little changed at $4,751 per troy ounce, while silver lost 2.2% to $76.29 per ounce.

Dow JonesNasdaq CompositeS&P 500$AXP$CMCSA$IBM$LMT$MSFT$NOW$TMO$TSLA
Sectors

Sector Update: Tech Stocks Mixed Thursday Afternoon

Tech stocks were mixed Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.8% and the State Street SPDR S&P Semiconductor ETF (XSD) rising 1.2%.The Philadelphia Semiconductor index added 0.9%.In sector news, SpaceX is considering manufacturing its own graphics processing units, or GPUs, as part of efforts to secure AI chip supply, Reuters reported Thursday, citing excerpts from a regulatory filing ahead of a planned IPO. The space and satellite firm lists "manufacturing our own GPUs" among the "substantial capital expenditures" it is undertaking, the excerpts of its S-1 registration reportedly showed.In corporate news, IBM (IBM) shares fell past 9% after its quarterly results. Software growth decelerated to 8% in constant currency from 11% in Q4 and 9% in Q3, a "potential red flag for the bears," CFRA said in a note.ServiceNow (NOW) reported strong Q1 results, but softer organic revenue trends and a slightly weaker margin outlook weighed on its overall forecast, Oppenheimer said in a note. Its shares tumbled 18%.Texas Instruments (TXN) shares jumped 17% after it posted higher Q1 earnings and revenue and set out Q2 guidance above consensus.

$IBM$NOW$TXN
Asia Markets

US Equity Indexes Decline as Corporate Earnings Weigh, Hormuz Standstill Continues

US equity indexes fell in midday trading on Thursday as investors evaluated quarterly earnings, and after Washington and Tehran remained deadlocked over a reopening of the Strait of Hormuz, the chokepoint for about a fifth of global crude oil flows.The Nasdaq Composite fell 0.9% to 24,443.5, with the Dow Jones Industrial Average down by 0.6% to 49,181.9. The S&P 500 was 0.5% lower at 7,098.8.Financials and technology led the decliners, while utilities and industrials were among the top gainers.Tesla (TSLA) shares dropped 3.8% after the electric vehicle manufacturer issued higher-than-expected 2026 capital expenditure guidance. TechCrunch reported the electric vehicle manufacturer is planning to spend $25 billion this year, compared with $8.5 billion in 2025.ServiceNow (NOW) reported strong Q1 results, but softer organic revenue trends and a slightly weaker margin outlook weighed on its overall forecast, Oppenheimer said in a note. Shares of ServiceNow sank 18.6%, the worst performer on the S&P 500.International Business Machines (IBM) fell 10%, the steepest decline on the Dow, following its quarterly results. Software growth decelerated to 8% in constant currency from 11% in Q4 and 9% in Q3, a "potential red flag for the bears," CFRA said in a note.Texas Instruments (TXN) shares were up nearly 19%, among the biggest outperformers on the S&P 500 and the Nasdaq, after the company posted higher Q1 earnings and revenue and set out Q2 guidance above consensus.United Rentals (URI) traded 22% higher, the top gainer on the S&P 500, after the company reported overnight higher Q1 adjusted earnings and revenue and lifted its 2026 sales guidance.President Donald Trump has ordered the US Navy to "shoot and kill" any boat that is laying mines in Hormuz, according to his Truth Social post on Thursday. On the same day, Iran flaunted its tightened grip over Hormuz with a video of commandos storming a cargo ship named MSC Francesca, Reuters reported.The United States and Iran remain at an impasse, with Tehran refusing to negotiate a peace deal as long as the US Navy continues to blockade its ports and Washington refuses to lift the siege. Mediators are trying to get the diplomatic process back on track, including arranging a possible meeting between warring parties as soon as Friday, The Wall Street Journal reported.West Texas Intermediate crude oil futures rose 2.8% to $92.13, and Brent crude futures advanced 1.7% to $103.63.In precious metals, gold futures were steady at $4,751.5, and silver futures dropped 2% to $76.44.In economic news, US initial jobless claims rose to 214,000 in the week ended April 18 from an upwardly revised 208,000, compared with the 210,000 print expected in a Bloomberg-compiled survey.Meanwhile, the April flash reading of manufacturing conditions from S&P Global improved to a 47-month high of 54.0 from 52.3 in March, compared with the 52.5 anticipated in a Bloomberg-compiled poll.US Treasury yields were mixed, with the 10-year increasing 4.3 basis points at 4.34% and the two-year adding 3.5 basis points at 3.83%.

Dow JonesNasdaq CompositeS&P 500$IBM$NOW$TSLA$TXN$URI
Research

Research Alert: CFRA Maintains Buy Rating On Shares Of Ibm Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our price target by $37 to $296, 23x our 2026 EPS view, above IBM's three-year average (~20x) on AI tailwinds and growing software exposure. We raise our 2026 EPS view by $0.07 to $12.86 and lift 2027's by $0.03 to $13.90. Q1 results offered a mixed response to the AI competition threat. Bears will focus on Software growth (ex-FX) decelerating to 8% from 11% in Q4 with the segment's 2026 outlook improving only slightly to 10%+ from 10% despite the Confluent acquisition closing early (providing a ~50-bp Software growth boost). Some analysts expected more out of Consulting and will point to its modest 1% sales growth as indicative of COBOL modernization pressure from emerging AI tools. We take a more bullish stance and see Consulting results as resilient, with sales/signings both growing despite ongoing macroeconomic pressures and 2026 growth still forecasted near 5%. On the Software side, ARR again grew 10% Y/Y (consistent with prior periods) and Red Hat encouragingly rebounded to 10% from 8% in Q4.

$IBM
Sectors

Sector Update: Tech

Tech stocks were mixed Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.3% and the State Street SPDR S&P Semiconductor ETF (XSD) rising 2%.The Philadelphia Semiconductor index added 1.9%.In corporate news, IBM (IBM) shares dropped past 9% after it maintained its full-year revenue growth outlook and reported Q1 results above Wall Street's estimates.

$IBM
Wire

IBM Sees 'Solid' Start to 2026 With Q1 Topline Outperformance Coming From Infrastructure, RBC Says

IBM (IBM) saw a "solid" start to the year overall with topline outperformance in Q1 coming from its infrastructure segment, while consulting was in-line with consensus, RBC Capital Markets said in a Wednesday research note.IBM's software segment will be the main driver of 2026 revenue, aided by the company's Confluent acquisition closing about 2 months early, which RBC estimated equates to about $200 million.The company remains on track for an additional $1 billion in productivity savings in 2026, the analysts said, adding that IBM's AI-based software development system "Bob" and advancements in quantum development are key areas to watch throughout the year.IBM's expectation to add about $1 billion in free cash flow in 2026 could prove to be conservative given the company's strong start and ongoing cost saving initiatives, RBC added.RBC maintained its outperform rating with a $330 price target.Price: $229.44, Change: $-22.42, Percent Change: -8.90%

$IBM
Wire

IBM Well-Positioned to Ride AI Demand, Wedbush Says

IBM (IBM) remains well-positioned to ride the wave of artificial intelligence demand as its diversified portfolio and offerings gain traction, Wedbush analysts said in a Thursday note.Analysts said that for Q1, the company's top-line and bottom-line beat estimates, as it maintained its revenue and free cash flow guidance for the year.Wedbush said that IBM is taking a prudent approach to navigating macro headwinds while facing stronger demand for AI adoption within software services.Analysts increased their 2026 adjusted earnings estimate for IBM to $12.44 from $12.40. Analysts polled by FactSet expect $12.41.Webush also increased its 2026 revenue guidance for IBM to $71.21 billion from $70.95 billion. Analysts surveyed by FactSet expect $71.41 billion.Analysts maintained an outperform rating on the stock, but lowered its price target to $320 from $340.Price: $230.57, Change: $-21.30, Percent Change: -8.46%

$IBM
Wire

IBM's Q1 Results Largely In Line With Expectations, Morgan Stanley Says

IBM's (IBM) Q1 results were largely in line with expectations and do not alter the narrative on the company, Morgan Stanley said in a Thursday note.The brokerage said that in the Middle East, IBM recorded its strongest growth in decades in Q1, with no slowdown in demand or pipeline trends.Morgan Stanley said, however, that it's still early in the year, IBM rarely adjusts its full-year guidance in Q1, and a prolonged stalemate in the Middle East conflict could start to impact growth in Europe "in the coming weeks".Analysts said they were encouraged by the acceleration in IBM's Red Hat subsidiary, despite Red Hat Enterprise Linux decelerating.Analysts said that in Q1, IBM's Software business modestly underperformed expectations, Consulting was in line, and Infrastructure beat estimates.Morgan Stanley retained an equalweight rating on the stock and increased its price target to $225 from $215.Price: $228.76, Change: $-23.11, Percent Change: -9.17%

$IBM
Asia Markets

US Equity Futures Decline Pre-Bell as Investors Turned Wary Amid Stalled US-Iran Peace Talks

US equity futures were lower pre-bell Thursday as the market turned wary amid the lack of clarity regarding the Middle East situation, with peace talks stalled indefinitely after President Donald Trump extended the ceasefire.Dow Jones Industrial Average futures were 0.4% lower, S&P 500 futures were down 0.2%, and Nasdaq futures were 0.1% lower.Iran said Wednesday it had captured two container vessels in the Strait of Hormuz, while the US is maintaining its blockade of Iranian ports.Trump has said that the ceasefire is extended until Iran's "fractured" government can come up with a unified proposal regarding the end of the conflict.Traders took note of today's round of earnings, with American Express (AXP) posting higher Q1 earnings and revenue and Thermo Fisher Scientific (TMO) reporting increases in fiscal Q1 adjusted earnings and revenue. Intel (INTC) and SAP (SAP) are set to report their results after market close.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.2% at $101.72 per barrel and US West Texas Intermediate crude 0.2% higher at $92.77 per barrel.Initial jobless claims rose to a level of 214,000 in the employment survey week ended April 18 from an upwardly revised 208,000 level in the previous week, compared with expectations for an increase to 210,000 in survey of analysts compiled by Bloomberg.The Chicago Fed National Activity Index came in at negative 0.20 in March, compared with expectations for negative 0.13 and down from 0.03 in the prior month.The April S&P Global Composite Purchasing Managers' Index, due at 9:45 am ET, is seen coming in at 50.6.In other world markets, Japan's Nikkei closed 0.8% lower, Hong Kong's Hang Seng ended 1% lower, and China's Shanghai Composite finished 0.3% lower. Meanwhile, the UK's FTSE 100 was down 0.6%, and Germany's DAX index was 0.2% lower in Europe's early afternoon session.In equities, IBM (IBM) shares were down 7.9% despite posting late Wednesday Q1 adjusted earnings and revenue. Tesla (TSLA) stock was 3.3% lower after the company issued higher-than-expected 2026 capital expenditure guidance for 2026. Thermo Fisher Scientific shares were down 7.1% after the company posted its Q1 financial results.On the winning side, Texas Instruments (TXN) shares were up 11% after the company posted higher Q1 earnings and revenue in addition to issuing Q2 guidance that exceeded analyst expectations. Netflix (NFLX) stock was up by 1.2% after Bloomberg reported that the company was is in talks to purchase a historic Los Angeles movie studio space for a fragment of its 2021 sale price of $1.85 billion. The company also said it authorized an additional $25 billion share repurchase program.

Dow JonesNasdaq CompositeS&P 500$AXP$IBM$INTC$NFLX$SAP$TMO$TSLA$TXN
US Markets

Stocks Fall Pre-Bell as US-Iran Peace Talks Stall; Traders Parse Tesla's Results

US equity futures were tracking in the red on Thursday, with no apparent signs of progress in peace talks between the US and Iran, while traders digest Tesla's (TSLA) latest financial results.The S&P 500 and the Nasdaq declined 0.6% each in premarket activity, while the Dow Jones Industrial Average was off 0.7%. The indexes finished Wednesday trading in the green, with the S&P 500 and the Nasdaq hitting record highs after a two-day losing streak.Washington and Tehran have so far failed to meet for a reported fresh round of negotiations this week, with Iran continuing its blockade of the Strait of Hormuz. US Vice President JD Vance called off his trip to Pakistan for the talks after Iran reportedly declined to participate.President Donald Trump extended a ceasefire with Iran earlier in the week, though he said the naval blockade of Iranian ports would continue. Iran's Islamic Revolutionary Guard Corps on Wednesday reportedly announced the seizure of two tankers attempting to cross the Strait of Hormuz.West Texas Intermediate crude oil rose 1.8% to $94.60 a barrel before the open, while Brent gained 1.7% to $103.59."Oil prices continue to whipsaw as traders respond to a confusing and often contradictory flow of headlines, underscoring the deep mistrust between Tehran and Washington," Saxo Bank Head of Commodity Strategy Ole Hansen said in a report on Wednesday.Shares of Tesla (TSLA) decreased 3.3% pre-bell even though the electric vehicle manufacturer reported stronger-than-expected first-quarter results. The company expects capital expenditures of more than $25 billion for 2026, resulting in negative free cash flow for the rest of the year, Chief Financial Officer Vaibhav Taneja said during a late Wednesday conference call, according to a FactSet transcript."Tesla is morphing into a physical (artificial intelligence) stalwart," Wedbush Securities said in a Thursday client note. "The path is here and it requires more (capital expenditure)."ServiceNow (NOW) dropped 13% while International Business Machines (IBM) fell 7.1% following their latest quarterly results. Taiwan Semiconductor Manufacturing's (TSM) US-listed stock was down 1.4%.American Express (AXP), Thermo Fisher Scientific (TMO), Union Pacific (UNP), Honeywell International (HON), Lockheed Martin (LMT), Comcast (CMCSA), Infosys (INFY) and Keurig Dr Pepper (KDP) report their earnings before the bell, among others. Intel (INTC) is scheduled to release its results after the markets close.Thursday's economic calendar has the weekly jobless claims bulletin at 8:30 am ET, along with the Chicago Fed national activity index for March. The S&P Global's (SPGI) flash purchasing managers' index for April is out at 9:45 am, followed by the Kansas City Fed manufacturing index for the same month at 11 am.Treasury yields were moving upwards in premarket action, with the two-year rate advancing 2.5 basis points to 3.82% and the 10-year rate adding 2.7 basis points to 4.32%.Gold declined 1% to $4,707 per troy ounce, while bitcoin retreated 1.8% to $77,473.

Dow JonesNasdaq CompositeS&P 500$AXP$CMCSA$HON$IBM$INFY$INTC$KDP$LMT$NOW$SPGI$TMO$TSLA$UNP
US Markets

IBM Maintains 2026 Revenue Growth Outlook as First-Quarter Results Beat Estimates

International Business Machines (IBM) shares fell early Thursday as the technology giant maintained its full-year revenue growth outlook and reported first-quarter results above Wall Street's estimates.The computer and software firm continues to anticipate revenue to rise by more than 5% in constant currency terms for 2026, it said late Wednesday. Foreign exchange is now set to be about a half-point to one-point tailwind to revenue growth this year, compared with previous projections for a half-point boost."Given where we are in the year, we believe it is prudent to maintain our guidance, even as the underlying performance and execution are off to an encouraging start," Chief Financial Officer James Kavanaugh said during an earnings call, according to a FactSet transcript.The stock dropped 7.3% in the most recent premarket activity, extending its year-to-date decline to 15%.IBM expects revenue in its software business to rise by more than 10% in 2026, while consulting is pegged to accelerate by low- to mid-single-digits, according to Kavanaugh. Infrastructure revenue is still forecast to be down by a low single digit for the year, the CFO added.For the March quarter, IBM's adjusted earnings advanced to $1.91 per share from $1.60 the year before, topping the FactSet-polled consensus of $1.81. Revenue climbed 9% to $15.92 billion, exceeding the Street's view for $15.63 billion."The first quarter was a strong start to the year with broad-based revenue growth across our segments," Chief Executive Arvind Krishna said in a statement. "As clients scale use cases, (artificial intelligence) continues to be a tailwind for our global business."Revenue for the software segment advanced 11% to $7.05 billion, including a 13% gain in the hybrid cloud business. Consulting revenue inclined 4% to $5.27 billion while sales in the infrastructure business climbed 15% to $3.33 billion.For the ongoing three-month period, IBM expects constant currency revenue growth to be similar to the full year, Kavanaugh told analysts.

$IBM
Research

Research Alert: Ibm: Results Beat, But Software Deceleration Offsets Consulting Resilience

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Q1 2026 results modestly exceeded expectations with sales of $15.9B (+9% Y/Y) and non-GAAP EPS of $1.91 (+19%), beating consensus of $15.7B and $1.81, respectively. Constant currency sales growth of 6% reflected deceleration from the prior two quarters' +9% and +7%, but management maintained 2026 guidance for constant currency revenue growth of "more than 5%" and FCF of about $15.7B. Software growth decelerated to 8% in constant currency from 11% in Q4 and 9% in Q3, a potential red flag for the bears, though Red Hat rebounded to +10% from +8% in Q4. Thus, we expect consistent ~20% bookings growth in recent periods should support low-teens sales growth this year. Infrastructure remained robust at +12% constant currency growth, with IBM Z sales up 51% Y/Y, though growth faces tougher comps ahead. We view IBM's 110 bps of Y/Y operating margin expansion as impressive, while Consulting's resilience (sales +1%, signings +10%) should counter fears around Anthropic-related COBOL competition, at least for now.

$IBM
Wire

IBM Q1 Adjusted Earnings, Revenue Rise; Shares Fall After Hours

IBM (IBM) reported Q1 adjusted earnings late Wednesday of $1.91 per diluted share, up from $1.60 a year earlier.Analysts polled by FactSet expected $1.81.Revenue in the three months ended March 31 rose to $15.9 billion from $14.5 billion a year earlier.Analysts surveyed by FactSet expected $15.6 billion.IBM shares fell 6.8% in after-hours trading.

$IBM

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