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IBM Stock: What Wall Street Is Watching Next After 25% Tumble
Investor's Business Daily34d agobearish
IBM Stock: What Wall Street Is Watching Next After 25% Tumble

IBM stock ticked slightly lower Wednesday morning, following a brutal sell-off on Tuesday. Wall Street analysts were working to make sense of the results, which IBM Chief Executive Arvind Krishna acknowledged were "disappointing." IBM blamed an earnings and revenue miss on an AI-driven "capex reprioritization" that shifted enterprise tech spending toward hard-to-secure components like chips, memory and storage. Analysts with Oppenheimer downgraded IBM stock late Tuesday to a neutral "perform" rating from a prior outperform following the preannounced results.

Elevance Stock Falls on Medicaid Concerns
The Wall Street Journal35d agobearish
Elevance Stock Falls on Medicaid Concerns

Skittish investors pushed Elevance shares down, as they focused on worries about its Medicaid business. CEO Gail Boudreaux said the insurer’s Medicaid results were roughly what it expected, but the company is leaving the District of Columbia’s Medicaid market and plans to exit others over the next year to 18 months.

Has Circle Internet Group (CRCL) Fallen Enough To Justify A Premium?
Simply Wall St.35d agobearish
Has Circle Internet Group (CRCL) Fallen Enough To Justify A Premium?

Circle Internet Group has been under pressure, with the stock down 67.6% over the past year, and the current valuation checks point to a company that does not screen as a clear bargain despite recent regulatory wins and business developments. Over the last 12 months, Circle Internet Group shares have fallen 67.6%. This sets the bar low for any case that the current price already reflects the risks. Regulatory approvals such as the OCC trust bank charter and MiCA compliance can support...

SK Hynix Drops 5%, SanDisk Slides 6%, Western Digital Slips 4% as Traders Take Profits in Memory Stocks
24/7 Wall St.35d agobearish
SK Hynix Drops 5%, SanDisk Slides 6%, Western Digital Slips 4% as Traders Take Profits in Memory Stocks

Memory stocks are pulling back sharply Wednesday morning as traders lock in gains after a parabolic run. SK Hynix‘s (NASDAQ:SKHY) U.S.-listed ADR is down 5% to $184.50 in early trading, giving back a chunk of yesterday’s 27% surge to $193.92. The reversal is rippling through the group. Micron Technology (NASDAQ:MU) shares are off 3% to ... SK Hynix Drops 5%, SanDisk Slides 6%, Western Digital Slips 4% as Traders Take Profits in Memory Stocks

Investing.com35d agobearish
Huang says Vera Rubin in production, dismisses delay reports

The denial of a delay is notable. Any credible delay in Vera Rubin's ramp would sharpen competitive pressure from AMD's advancing MI350 and MI400 roadmap, making the CEO's on-record rebuttal particularly consequential for investors who have priced Nvidia's product cycle into its elevated valuation.

Ford Should Stop Selling EVs
24/7 Wall St.35d agobearish
Ford Should Stop Selling EVs

Two bombshell reports from the Times and the Wall Street Journal suggest the American auto industry is running out of time, yet the real threat to Ford may not be Chinese EVs at all.

General Motors (GM) Missed The Hybrid Shift As Toyota Closes In
Simply Wall St.35d agobearish
General Motors (GM) Missed The Hybrid Shift As Toyota Closes In

General Motors (NYSE:GM) is losing U.S. market share in the growing hybrid vehicle segment due to limited fuel-efficient offerings. Toyota is on track to overtake GM as the top-selling U.S. automaker by year-end, marking a potential shift in industry leadership. GM now plans to reintroduce plug-in hybrids in North America by 2027 after previously stepping away from this market. General Motors sits at the center of a major reshuffle in the U.S. auto industry as hybrid vehicle sales gain...

Celcuity shares fall as delayed breast cancer drug launch eclipses first US FDA approval
Reuters35d agobearish
Celcuity shares fall as delayed breast cancer drug launch eclipses first US FDA approval

July 15 () - Shares of Celcuity fell about 8% in premarket trading on Wednesday, as the delayed commercial launch ‌of its newly approved breast cancer drug and treatment-tolerability ‌concerns overshadowed the company's first U. Food and Drug Administration on ​Tuesday approved gedatolisib, branded as Revtorpyk, for certain patients with advanced breast cancer whose tumors do not carry a PIK3CA mutation.