153 stories mentioning International Business MachinesUpdated 13d 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.
Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
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 (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 (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'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%
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.
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.
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.
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 (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.
US benchmark equity indexes were higher intraday following a batch of upbeat corporate results, while oil prices rose after Iran seized two container ships in the Strait of Hormuz.The Nasdaq Composite was up 1.3% at 24,577.8 after midday Wednesday, while the S&P 500 rose 0.8% to 7,121.3. The Dow Jones Industrial Average climbed 0.6% to 49,444. Among sectors, tech paced the gainers with a 2.1% advance, while real estate saw the steepest decline.Boeing's (BA) first-quarter loss unexpectedly narrowed as commercial aircraft deliveries rose, while the plane maker reported a smaller cash burn year over year. The stock was up 5.4% intraday, the best performer on the Dow.Boston Scientific (BSX) shares were advancing by 8.9%, the third-biggest gain on the S&P 500. The medical device supplier's first-quarter results exceeded Wall Street's estimates, but it lowered its full-year guidance.Philip Morris International (PM) reported first-quarter results above market estimates, while lowering its full-year earnings outlook. The cigarette and vape maker's shares rose 6.9%.A number of major tech stocks were advancing intraday, with Micron (MU) up 7.7%, among the best performers on the S&P 500. Apple (AAPL) rose 2.6%, the second-biggest gain on the Dow. Microsoft (MSFT) and Salesforce (CRM) were also higher.Tesla (TSLA), International Business Machines (IBM), and Texas Instruments (TXN) are scheduled to report results after the closing bell Wednesday. IBM shares were down 1.9% intraday, the steepest decline on the Dow.West Texas Intermediate crude rose 3.7% to $92.94 per barrel, while Brent jumped 3.3% to $101.76.Iran said it seized two container ships attempting to cross the Strait of Hormuz, a key oil chokepoint. US President Donald Trump extended a ceasefire with Tehran late Tuesday, though he said the naval blockade of Iranian ports would continue.The status of a second round of peace talks between the US and Iran remained unclear."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.US Treasury yields were mixed intraday, with the 10-year rate little changed at 4.31% and the two-year rate up 2.5 basis points at 3.80%.Gold was up 0.7% at $4,753 per troy ounce, while silver gained 1.8% to $77.90 per ounce.
US equity futures were rising pre-bell Wednesday after President Donald Trump extended the ceasefire with Iran while maintaining the US blockade of Iranian ports.Dow Jones Industrial Average futures were 0.7% higher, S&P 500 futures were up 0.6%, and Nasdaq futures were 0.9% higher.Trump said that Iran's government is "seriously fractured" and that he is extending the ceasefire "until such time as their leaders and representatives can come up with a unified proposal," according to his post on Truth Social.Amir-Saeid Iravani, Iran's permanent representative to the UN, said that Iran is ready to restart peace talks once the US lifts its naval blockade, Iranian state news outlet Tasnim reported early Wednesday, citing media outlet Rudaw.Traders digested the latest round of earnings, with Philip Morris International (PM) and Vertiv (VRT) reporting higher Q1 adjusted earnings and revenue. GE Vernova (GEV) posted higher Q1 earnings and revenue, while AT&T (T) reported lower Q1 earnings amid higher operating revenue. Tesla (TSLA) and IBM (IBM) are set to report their results after-market.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.5% at $99.93 per barrel and US West Texas Intermediate crude 1.5% higher at $91.01 per barrel.The Atlanta Fed Business Inflation Expectations survey for April is scheduled for release at 10 am ET.In other world markets, Japan's Nikkei closed 0.4% higher, Hong Kong's Hang Seng ended 1.2% lower, and China's Shanghai Composite finished 0.5% higher. Meanwhile, the UK's FTSE 100 was up 0.1%, and Germany's DAX index was 0.1% lower in Europe's early afternoon session.In equities, shares of Philip Morris and GE Vernova were up 3.3% and 7.%, respectively, after the companies posted their Q1 financial results. Adobe (ADBE) stock was 3% higher after the company said its board approved a new share buyback authorization, allowing the company to repurchase up to $25 billion in shares through April 30, 2030. The digital media software firm also expanded its partnership with Omnicom Group (OMC) to co-develop an enterprise-grade, industry-specialized AI agentic operating model solution, according to Omnicom.On the losing side, Vertiv shares were down 1.1% despite its Q1 adjusted earnings and revenue surpassing analyst expectations. AT&T stock was down 2% after its Q1 earnings release.
US equity futures were higher pre-bell Wednesday after President Donald Trump extended the ceasefire with Iran while maintaining the US blockade of Iranian ports.Dow Jones Industrial Average futures were 0.6% higher, S&P 500 futures were up 0.5%, and Nasdaq futures were 0.7% higher.Trump said that Iran's government is "seriously fractured" and that he is extending the ceasefire "until such time as their leaders and representatives can come up with a unified proposal," according to his post on Truth Social.Amir-Saeid Iravani, Iran's permanent representative to the UN, said that Iran is ready to restart peace talks once the US lifts its naval blockade, Iranian state news outlet Tasnim reported early Wednesday, citing media outlet Rudaw.Traders digested the latest round of earnings, with Philip Morris International (PM) and Vertiv (VRT) reporting higher Q1 adjusted earnings and revenue. Meanwhile, AT&T (T) posted lower Q1 earnings amid higher operating revenue. Tesla (TSLA) and IBM (IBM) are set to report their results after-market.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1% at $99.46 per barrel and US West Texas Intermediate crude 0.9% higher at $90.47 per barrel.The Atlanta Fed Business Inflation Expectations survey for April is scheduled for release at 10 am ET.
The main US stock measures were trending higher in Wednesday's premarket activity after President Donald Trump extended the two-week US ceasefire with Iran, while traders await the latest round of corporate earnings, including results from Tesla (TSLA).The S&P 500 rose 0.6%, the Dow Jones Industrial Average increased 0.5% and the Nasdaq added 0.7% before the opening bell. The indexes finished Tuesday trading lower for the second consecutive session.In a social media post on Tuesday, Trump announced the extension of the two-week US ceasefire deal with Iran, citing a request by Pakistan's Prime Minister Shehbaz Sharif and Field Marshal Asim Munir. The truce was announced on April 7. The naval blockade of Iranian ports will continue, according to Trump."We have been asked to hold our attack on the country of Iran until such time as their leaders and representatives can come up with a unified proposal," Trump said in the post. "I have therefore directed our military to continue the blockade and, in all other respects, remain ready and able, and will therefore extend the ceasefire until such time as their proposal is submitted, and discussions are concluded, one way or the other."Iranian state news outlet Tasnim reported that negotiators from Tehran won't participate in further peace talks with their US counterparts, according to CNBC. US Vice President JD Vance's expected trip to Islamabad for peace talks with Iran has been called off, CNN reported, citing a White House official.West Texas Intermediate crude oil inclined 1.3% to $90.83 a barrel in premarket action, while Brent rose 1.1% to $99.56.The Trump administration is evaluating a potential extension of a maritime shipping waiver to make it easier to move oil and gasoline between US ports, Bloomberg News reported Wednesday, citing people familiar with the matter.Electric vehicle giant Tesla is scheduled to release its latest quarterly results after the markets close, along with International Business Machines (IBM) and Texas Instruments (TXN). GE Vernova (GEV), Philip Morris International (PM), AT&T (T), Boeing (BA), Boston Scientific (BSX) and Elevance Health (ELV) post earnings before the bell, among others.Intuitive Surgical (ISRG) shares advanced 2% pre-bell as the company lifted the full-year procedure growth outlook of its da Vinci robotic surgery system and reported better-than-expected first-quarter results. Advanced Micro Devices (AMD) gained 2%.Kevin Warsh said Tuesday that the Federal Reserve, under his leadership, would be independent from the White House, CNBC reported. Warsh, who is Trump's Fed chair nominee, made the remarks at his Senate Banking Committee confirmation hearing.Treasury yields were moving down before the open, with the two-year rate retreating 0.8 basis points to 3.77% and the 10-year rate off 1 basis point to 4.28%.Official data on Tuesday showed that retail sales last month logged the largest rise since March 2025 amid a surge in spending at gasoline stations as the Middle East conflict boosted energy prices.Wednesday's economic calendar has the weekly mortgage applications bulletin at 7 am ET, followed by the weekly EIA domestic petroleum inventories report at 10:30 am.Gold rose 1.1% to $4,769 per troy ounce, while bitcoin climbed 3.9% to $78,172.
The Nasdaq Composite and the S&P 500 fell from record highs, while oil prices climbed as traders tracked an apparent re-escalation in the Middle East conflict.The Nasdaq dropped 0.3% to 24,404.4 after a 13-day winning streak that propelled the index to fresh peaks. The S&P 500 declined 0.2% to 7,109.1. The Dow Jones Industrial Average was little changed at 49,442.6.Six of the 11 sectors were in the green, led by materials, while communication services saw the steepest drop.West Texas Intermediate crude oil was last up 5.6% at $88.58 per barrel, while Brent advanced 5.1% to $94.98.Iran took back control of the Strait of Hormuz on Saturday after opening the waterway to commercial vessels on Friday. The US and Iran have accused each other of violating a two-week ceasefire announced April 7.The US Navy on Sunday seized an Iranian-flagged vessel that tried to move past a naval blockade, President Donald Trump said in a Truth Social post."Oil prices are being whipsawed by developments in the Middle East once again, with what appears to be de-escalation quickly turning to re-escalation," ING Bank said in a report.The US is sending its negotiating team to Pakistan for a second round of peace talks, and while Iran has publicly said it doesn't plan to participate, Bloomberg News reported that Iran will be sending its delegation to Islamabad.The ceasefire with Iran ends "Wednesday evening Washington time," Trump told Bloomberg News. He said it's "highly unlikely" he would extend the two-week truce.The US-Iran ceasefire may be extended by up to two weeks, though it will take much longer to hammer out a complete peace agreement, Macquarie Group said in a note on Monday.US Treasury yields were mixed, with the 10-year rate little changed at 4.26% and the two-year rate rising 1.7 basis point to 3.73%.Some 46 S&P 500 companies have so far reported their latest quarterly financial results in the current cycle, with earnings and sales up around 32% and 13% year over year, respectively, Oppenheimer Asset Management said in a report. Ahead of the reporting season, FactSet put expected earnings growth at 12.6% from a year earlier, according to the brokerage."It's too early to draw conclusions about first-quarter results, but the quarter appears to be off to a good start," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said.About 94 S&P 500 companies are scheduled to release their quarterly financials this week, according the brokerage. Those include Tesla (TSLA), Intel (INTC), IBM (IBM), Texas Instruments (TXN), Philip Morris International (PM), Procter & Gamble (PG), GE Aerospace (GE), UnitedHealth Group (UNH), and RTX (RTX).In company news, QXO (QXO) has agreed to acquire insulation products company TopBuild (BLD) in a cash-and-stock deal worth roughly $17 billion, the companies said Sunday. QXO shares fell 3.1%, while TopBuild surged 19%.Sila Realty Trust (SILA) agreed to be acquired and taken private by certain affiliates of Blue Owl Capital's (OWL) real estate unit in an all-cash deal worth roughly $2.4 billion. Sila Realty shares jumped 19%, while Blue Owl rose 0.4%.Gold was last down 1% at $4,832.10 per troy ounce, while silver dropped 2.5% to $79.81 per ounce.
US benchmark equity indexes were lower intraday, while oil prices rebounded sharply amid continued uncertainty around the Middle East conflict.The Nasdaq Composite was down 0.5% at 24,340.9 after midday Monday, while the S&P 500 fell 0.4% to 7,100.7. Both indexes closed at new record-highs in the previous session. The Dow Jones Industrial Average lost 0.2% to 49,374.1 intraday Monday.Among sectors, communication services saw the biggest drop, while energy paced the gainers.West Texas Intermediate crude oil was up 6% at $88.90 per barrel, while Brent rose 5.5% to $95.32.On Friday, oil prices plunged as Iran declared that the Strait of Hormuz was open, a key US demand. Tehran, however, took back control of the waterway Saturday. Both sides have accused each other of violating a two-week ceasefire that is due to expire soon.The US Navy on Sunday seized an Iranian-flagged vessel that tried to move past a naval blockade, President Donald Trump said in a Truth Social post."Oil prices are being whipsawed by developments in the Middle East once again, with what appears to be de-escalation quickly turning to re-escalation," ING Bank said in a report.The US is sending negotiators to Pakistan for a second round of peace talks, but Iran said it doesn't plan to participate in those negotiations.The ceasefire with Iran ends "Wednesday evening Washington time," CNN reported, citing Trump, who said it's "highly unlikely" he would extend it if the parties are unable to reach a deal before then.US Treasury yields were higher intraday, with the 10-year rate up one basis point at 4.25% and the two-year rate rising 2.1 basis point to 3.72%.In company news, QXO (QXO) has agreed to acquire insulation products company TopBuild (BLD) in a cash-and-stock deal worth roughly $17 billion, the companies said Sunday. QXO shares were down 5.8% intraday Monday, while TopBuild surged 18%.Sila Realty Trust (SILA) agreed to be acquired and taken private by certain affiliates of Blue Owl Capital's (OWL) real estate unit in an all-cash deal worth roughly $2.4 billion. Sila Realty shares jumped 19%, while Blue Owl rose 0.5%.Some 46 S&P 500 companies have so far reported their latest quarterly financial results in the current cycle, with earnings and sales up around 32% and 13% year over year, respectively, Oppenheimer Asset Management said in a report. Ahead of the reporting season, FactSet put expected earnings growth at 12.6% from a year earlier, according to the brokerage."It's too early to draw conclusions about first-quarter results, but the quarter appears to be off to a good start," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said.About 94 S&P 500 companies are scheduled to release their quarterly financials this week, according the brokerage. Those include Tesla (TSLA), Intel (INTC), IBM (IBM), Texas Instruments (TXN), Philip Morris International (PM), Procter & Gamble (PG), GE Aerospace (GE), UnitedHealth Group (UNH), and RTX (RTX).Gold was down 1% at $4,829.40 per troy ounce, while silver dropped 2.1% to $80.16 per ounce.
Quarterly results of an initial batch of S&P 500 companies indicated a solid start to the reporting season, Oppenheimer Asset Management said in a report on Monday.Some 46 companies, or 9% of the large-cap index' constituents, have so far reported financial results in the current cycle, with earnings and sales up around 32% and 13% year over year, respectively, according to the report.Ahead of the reporting season, FactSet put expected earnings growth at 12.6% from a year earlier, according to Oppenheimer."It's too early to draw conclusions about first quarter results, but the quarter appears to be off to a good start," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said.The brokerage highlighted "outsized" results at some companies.The technology sector led the earnings growth so far, with reports from five companies showing a 134% surge in profits year over year, followed by communication services' 84% jump, the Oppenheimer note showed. Technology was also ahead of all other sectors in terms of revenue, so far delivering growth of about 44%.Some 94 S&P 500 companies are scheduled to release their quarterly financials this week, according the brokerage. Those include Tesla (TSLA), Intel (INTC), IBM (IBM), Texas Instruments (TXN), Philip Morris International (PM), Procter & Gamble (PG), GE Aerospace (GE), UnitedHealth Group (UNH), and RTX (RTX).On Friday, the S&P 500 and the Nasdaq Composite notched new peaks after Iran announced a temporary reopening of the Strait of Hormuz, sending oil prices tumbling. Oil prices rose Monday following an apparent flare-up between the US and Iran ahead of the expiration of their ceasefire agreement this week."Our view remains that the recent positive returns of the major US equity indices continue to find support in the overall resilience of the US economy and corporate earnings reports even as some sensitivity to headline risk remains while (peace) negotiations move ahead," Stoltzfus said.The US is sending negotiators to Pakistan for a second round of peace talks, but Iran said it didn't plan to participate in those negotiations.Price: $392.47, Change: $-8.15, Percent Change: -2.03%
Adobe (ADBE) said Monday it unveiled CX Enterprise, an end-to-end agentic artificial intelligence system designed to help businesses manage their customer lifecycle workflows across fragmented platforms.The system targets to deliver better customer experiences and business results, the software firm said.Adobe is partnering with external platforms, including Amazon's (AMZN) Web Services, Alphabet-owned (GOOG, GOOGL) Google Cloud, Microsoft (MSFT), Nvidia (NVDA), International Business Machines (IBM), OpenAI and Anthropic to improve compatibility with existing enterprise environments, it said.The company also said it introduced the CX Enterprise Coworker application, which translates broad business goals into multi-step actions by coordinating various AI agents to assemble audiences, creative assets, and performance data.Shares of the company were up 2.6% in early Monday trading.Price: $250.67, Change: $+6.22, Percent Change: +2.54%
US equity futures were lower pre-bell Monday as tensions once again escalated in the Middle East after the US seized an Iranian cargo ship that tried to run its blockade of Iran's ports and Iran refused to restart peace negotiations with the US in Pakistan.Dow Jones Industrial Average futures were 0.5% lower, S&P 500 futures were down 0.4%, and Nasdaq futures were 0.4% lower.The US had said it wanted to resume negotiations before the two-week ceasefire with Iran ends on Tuesday, but Iran's foreign ministry said it would not join new talks due the ongoing blockade and "excessive demands" of the US.Over the weekend, Iran lifted and then reimposed its own blockade on vessels passing through the Strait of Hormuz.Some of the companies expected to report quarterly earnings this week are GE Aerospace (GE) and UnitedHealth Group (UNH) pre-bell on Tuesday, Tesla (TSLA) and IBM (IBM) after-market on Wednesday, Intel (INTC) after-market on Thursday, and Procter & Gamble (PG) pre-bell on Friday.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 4.9% at $94.81 per barrel and US West Texas Intermediate crude 5.6% higher at $87.25 per barrel.The economic calendar is vacant.In other world markets, Japan's Nikkei closed 0.6% higher, Hong Kong's Hang Seng ended 0.8% higher, and China's Shanghai Composite finished 0.8% higher. Meanwhile, the UK's FTSE 100 was down 0.6% and Germany's DAX index was 1.3% lower in Europe's early afternoon session.In equities, shares of major oil companies Exxon Mobil (XOM), Chevron (CVX), and ConocoPhillips (COP) were up 1%, 1.2%, and 1.7%, respectively, as oil prices increased on Monday. Marvell Technology (MRVL) stock was up 5.8% after The Information report the company was in talks with Alphabet's (GOOG, GOOGL) Google to develop two new processors optimized for artificial intelligence inference tasks.On the losing side, BHP Group (BHP) stock was down 1.2% after a Bloomberg News report the company and Mitsubishi Development started a review of their coal and other mining assets in Queensland over concerns about the royalty demands of the Australian state.
US equity futures were lower pre-bell on Monday as tensions escalated in the Middle East once again after the US seized an Iranian cargo ship that tried to run the US blockade of Iran's ports, and Iran refused to restart peace negotiations with the US in Pakistan.Dow Jones Industrial Average futures were 0.6% lower, S&P 500 futures were down 0.6%, and Nasdaq futures were 0.5% lower.The US had said it wanted to resume negotiations before the two-week ceasefire with Iran ends on Tuesday, but Iran's foreign ministry said it would not join new talks due the ongoing blockade and "excessive demands" of the US.Over the weekend, Iran lifted and then reimposed its own blockade on vessels passing through the Strait of Hormuz.Some of the companies expected to report quarterly earnings this week are GE Aerospace (GE) and UnitedHealth Group (UNH) pre-bell on Tuesday, Tesla (TSLA) and IBM (IBM) after-market on Wednesday, Intel (INTC) after-market on Thursday, and Procter & Gamble (PG) pre-bell on Friday.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 4.8% at $94.73 per barrel and US West Texas Intermediate crude 5.7% higher at $87.29 per barrel.The economic calendar is vacant.
US equity investors will focus on mounting geopolitical risk in the Middle East while keeping an eye on Q1 earnings and retail sales.* Iran vowed retaliation after the US Navy seized an Iranian cargo ship in the Gulf of Oman, endangering the planned second round of negotiations in Pakistan this week to find a lasting solution for peace for Tehran, according to multiple media reports.* US Vice President JD Vance and top US officials were expected to travel to Islamabad, but Iran's foreign ministry insisted there were no plans for talks, CNN reported. The ceasefire, which the US and Iran have accused each other of violating, expires on Wednesday.* After scaling fresh records on Friday amid optimism that an Iran peace deal could materialize without extending the two-week ceasefire, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average futures slumped early on Monday amid concerns of an escalation of the war in the Middle East.* West Texas Intermediate crude oil futures soared 7.2% to $89.92, and Brent crude futures jumped 6.3% to $96.10 pre-bell. Reflecting the potential impact of elevated crude oil prices on inflation, gold futures dropped 1.5% to $4,808.8, and silver futures slumped 3% to $79.37 early Monday. Similarly, most US Treasury yields rose, with the 10-year up 2.2 basis points to 4.27% and the two-year jumped 3.5 basis points to 3.74%.* The highlight of quarterly earnings this week will be Tesla (TSLA) as well as some technology names such as Intel (INTC), IBM (IBM), Lam Research (LRCX), Texas Instruments (TXN), and SAP (SAP). Other mega-caps expected to report this week include American Express (AXP), GE Vernova (GEV), Boeing (BA), and United Health (UNH).* In US macroeconomic data, investors will focus on retail sales, S&P Global manufacturing and services PMIs, ADP employment change, initial jobless claims, and the final read on Michigan consumer sentiment alongside Michigan inflation expectations for one and five years ahead.
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