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Meta, IBM sink on earnings, American Airlines and Caterpillar report: Yahoo Finance

Meta, IBM sink on earnings, American Airlines and Caterpillar report: Yahoo FinanceShares of Meta (META) are deep in the red this morning despite the company beating earnings expectations. Investors were spooked by the tech giant’s second-quarter outlook. IBM (IBM) shares are also falling this morning after reporting first-quarter revenue that missed expectations. Today we will hear from several top names, including American Airlines (AAL), Caterpillar (CAT), Merck (MRK), Royal Caribbean (RCL), Microsoft (MSFT), Alphabet (GOOGL, GOOG), Intel (INTC), and Roku (ROKU). Yahoo Finance trending tickers include Chipotle (CMG), ServiceNow (NOW), and Ford (F). Key guests include: 9:30 a.m. ET - Ryan Detrick, Carson Group Chief Market Strategist 9:45 a.m. ET - Jack Hartung, Chipotle CFO 10 a.m. ET - Roger McNamee, Elevation Partners Co-Founder 10:10 a.m ET - Glenn Kelman, Redfin CEO 11 a.m. ET - Glenn Kelman, Redfin CEO

Yahoo Finance Video 2 hours ago

AAL

IBM

NOW
Biden has a favorite stop when he hits the road: chipmaking plants

Visiting chipmakers has become one of President Biden's most common reasons for getting on the road. He will do so again Thursday as he travels to Syracuse to award Micron $6 billion in federal money.

Yahoo Finance 4 hours ago

IBM

INTC

MU
Chipotle earnings: Limited-time offerings boost results

Shares of Chipotle Mexican Grill (CMG) are soaring after the company reported better-than-expected first quarter earnings. The restaurant chain posted revenue of $2.7 billion, in line with expectations of $2.67 billion. Additionally, adjusted earnings per share (EPS) came in at $13.37, outperforming analysts' projections of $11.66. Same-store sales grew 7%, better than the 5.13% estimate. Placer.ai Head of Analytical Research R.J. Hottovy joins Market Domination Overtime to discuss the results. Hottovy attributes the company's strong performance to factors such as product innovation, robust traffic, and operating margin improvements throughout the quarter. He notes that this top-line revenue trend could continue into the second quarter, stating, "not every restaurant operator can say that in this environment." Hottovy also highlights Chipotle's efficient system, which resonates well with consumers. He points out that even when lines are long at Chipotle, customers are willing to wait "because they know they can get through that quickly," a characteristic that is not sector-wide. Lastly, Hottovy emphasizes that Chipotle — from a valuation perspective— still has ample growth opportunities, "particularly in smaller markets." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith

Yahoo Finance Video 16 hours ago

CMG
IBM earnings top estimates, acquiring HashiCorp for $6.4B

IBM (IBM) reported first quarter operating earnings of $1.68 compared to estimates of $1.59. Revenue of $14.46 billion was just shy of expectations of $14.5 billion. The tech giant also announced it was buying HashiCorp (HCP) for $35 per share, or about $6.4 billion, in a bid to boost its cloud-based offerings. Yahoo Finance's Julie Hyman and Josh Lipton break down the results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich. This post has been updated to reflect a more accurate revenue estimate.

Yahoo Finance Video 16 hours ago

IBM

HCP
Microsoft to report Q3 revenue as Wall Street looks for AI growth

Microsoft will report its Q3 earnings after the bell Thursday, as investors look for AI growth.

Yahoo Finance 19 hours ago

GOOG

AMZN

MSFT
Tractor Supply Co (TSCO) Q1 Earnings: Surpasses Analyst Revenue Forecasts with Strong Growth ...

Robust Q1 Performance Bolstered by Strategic Expansions and Cost Management

GuruFocus.com 36 seconds ago

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Dow Jones Futures Dive 500 Points On Weak GDP Data; Meta Plunges On Earnings

Stock Market Today: Dow Jones futures dived 450 points on GDP data. Meta stock plunged on earnings, while Google and Microsoft report next.

Investor's Business Daily 3 minutes ago

^DJI

GOOG

^RUT
Amazon cloud computing unit plans to invest $11 billion to build data center in northern Indiana

Amazon ’s cloud computing unit Amazon Web Services plans to invest $11 billion to build a data center in northern Indiana that will create at least 1,000 new jobs, state and company officials announced Thursday. Republican Gov. Eric Holcomb called the project planned near the town of New Carlisle, about 15 miles (24 kilometers) west of South Bend, “the largest capital investment announcement in Indiana’s history."

Associated Press Finance 7 minutes ago

AMZN
Q1 2024 ServiceNow Inc Earnings Call

Q1 2024 ServiceNow Inc Earnings Call

Thomson Reuters StreetEvents 13 minutes ago

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Here Are My Top 5 Dividend Kings to Buy Right Now

Dividend Kings are hard to come by, but these five stocks offer investors some great passive income opportunities.

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Union Pacific Corp (UNP) Q1 2024 Earnings: Marginal Gains Amid Market Challenges

Performance Edges Past Analyst Expectations with Strategic Operational Improvements

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Bristol-Myers Squibb Co (BMY) Q1 2024 Earnings Report: A Detailed Overview

Challenges and Strategic Initiatives Amidst Revenue Growth and Analyst Expectations

GuruFocus.com 20 minutes ago

CELG-RT
Royal Caribbean Climbs In Buy Zone, Hikes Outlook On Strong Demand

Royal Caribbean hiked its full-year earnings outlook after Q1 results cleared forecasts. RCL stock advances higher in a buy zone.

Investor's Business Daily 25 minutes ago

RCL

NCLH
US STOCKS-Wall St set to open lower as Meta Platforms, economic data weigh

U.S. stocks were poised to open sharply lower on Thursday, dragged down by growth stocks after dour quarterly results from Meta Platforms, while signs of persistent inflation dampened hopes of the Federal Reserve cutting interest rates anytime soon. Meta plunged 16% in premarket trading after the Facebook-parent forecast higher expenses and lighter-than-expected revenue.

Reuters 27 minutes ago

^TNX

^GSPC

IBM
EU court adviser backs data privacy activist Schrems in Meta fight

Austrian privacy activist Max Schrems on Thursday received backing from an adviser to Europe's top court in his fight against Meta Platforms over personalised advertising based on processing of personal data. The adviser's opinion is non-binding, but judges at the Luxembourg-based Court of Justice of the European Union (CJEU), follow the majority of such recommendations. Schrems, who has repeatedly sued Meta for alleged breaches of the EU's privacy law known as the General Data Protection Regulation (GDPR), took his grievance to an Austrian court, saying he regularly received advertisements directed at homosexuals.

Reuters 28 minutes ago

META
Alphabet's (NASDAQ:GOOGL) investors will be pleased with their stellar 171% return over the last five years

The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put...

Simply Wall St. 32 minutes ago

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We Think Merck (NYSE:MRK) Can Stay On Top Of Its Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...

Simply Wall St. 32 minutes ago

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Union Pacific's first-quarter profit creeps up 1% as railroad limits expenses

Union Pacific's first-quarter profit crept 1% higher as the railroad tightened up on expenses — particularly its fuel bill — even though it delivered slightly less freight. Shipping volume was down 1% in the quarter. "These results build on the momentum we established as we exited 2023 and provide further proof of what's possible as we strive to be the best in safety, service and operational excellence,” CEO Jim Vena said.

Associated Press Finance 32 minutes ago

UNP
Pepsi Tops Estimates Despite A Weakened Domestic Market

On Tuesday, Pepsi Co Inc (NASDAQ: PEP) showed it managed to navigate weaker U.S. demand that was the result of Quaker Oats recalls and backlash to higher prices for its drinks and snacks. But despite delivering better than expected earnings and revenue for its first quarter, Pepsi shares dipped about 2% upon the report as Wall Street watched at other things, such as a struggling domestic market. First quarter highlights For the quarter ended on March 23rd, Pepsi reported that revenue grew 2.3% t

Benzinga 43 minutes ago

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MSFT

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S&P Futures Lower After First-Quarter GDP Estimate

Stock futures fell after data showed that U.S. economic growth slowed in the first quarter. The Nasdaq-100 posted the biggest losses as Meta dragged down the wider tech sector.

The Wall Street Journal 44 minutes ago

META

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Return	1129.HK	HANG SENG INDEX
YTD	-0.75%	+1.39%
1-Year	-21.76%	-13.40%
3-Year	-45.46%	-40.56%

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Meta, IBM sink on earnings, American Airlines and Caterpillar report: Yahoo Finance

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EU court adviser backs data privacy activist Schrems in Meta fight

Alphabet's (NASDAQ:GOOGL) investors will be pleased with their stellar 171% return over the last five years

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Performance Overview