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Strength in Chipmakers Boosts Stocks
Barchart25d agoneutral
Strength in Chipmakers Boosts Stocks

The S&P 500 Index ($SPX ) (SPY ) today is up +0.64%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.47%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.58%. September E-mini S&P futures (ESU26 ) are up +0.62%, and September E-mini Nasdaq futures...

Chip Stocks Surge but Software Sector Feels the Pain Again
Barrons.com25d agobullish
Chip Stocks Surge but Software Sector Feels the Pain Again

Technology stocks were surging early Tuesday but the beaten-down software sector was only enduring more pain as the artificial-intelligence trade sparked back into life. Chip stocks, including Intel, Micron and Marvell were among the biggest risers ahead of the open, along with memory storage names Sandisk and Western Digital.

Is Automatic Data Processing (ADP) A Better Stock Than PAYX and WDAY
Insider Monkey28d agoneutral
Is Automatic Data Processing (ADP) A Better Stock Than PAYX and WDAY

Is ADP a good stock to buy? We came across a bullish thesis on Automatic Data Processing, Inc. on Contrarian Indicator’s Substack by Cameron Fen. In this article, we will summarize the bulls’ thesis on ADP. Automatic Data Processing, Inc.’s share was trading at $253.31 as of July 16th. ADP’s trailing and forward P/E were 23.93 and […]

Bloomberg29d agoneutral
IBM’s Warning Is a ‘Hammer’ Slamming Down on Tech’s AI Outsiders

(Bloomberg) -- International Business Machines Corp.’s warning this week that its sales are falling well short of expectations highlights a growing divide between artificial intelligence winners and everyone else in the tech universe.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthNasdaq Futures Tumble 1.5% as Chip Rout Deepens: Ma

The Bull Case For Workday (WDAY) Could Change Following New Asia Pacific Leadership Appointment - Learn Why
Simply Wall St.31d agoneutral
The Bull Case For Workday (WDAY) Could Change Following New Asia Pacific Leadership Appointment - Learn Why

Earlier this month, Workday, Inc. appointed John Lombard as President for Asia Pacific, bringing over 30 years of regional technology and advisory leadership to oversee go-to-market strategy, commercial operations, and expansion across key APAC markets. Lombard’s background at NTT Data, SAP, KPMG Australia, and Crowe Howarth positions him to strengthen Workday’s partner ecosystem and help customers use its platform to improve operational efficiency and growth in a complex regulatory...

The Detail in IBM’s Earnings Warning That Caused The Stock’s Worst Day Ever
Barrons.com32d agoneutral
The Detail in IBM’s Earnings Warning That Caused The Stock’s Worst Day Ever

IBM stock suffered its worst day ever on Tuesday after the company’s preliminary second-quarter earnings missed analysts’ targets. In a letter to shareholders, CEO Arvind Krishna explained the shortfall was largely driven by the company’s infrastructure business. “What played out was worse than our expectations,” Krishna wrote.

Stocks Supported as Bond Yields Slide on Weak CPI Report
Barchart32d agoneutral
Stocks Supported as Bond Yields Slide on Weak CPI Report

The S&P 500 Index ($SPX ) (SPY ) today is up +0.38%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.97%. September E-mini S&P futures (ESU26 ) are up +0.30%, and September E-mini Nasdaq futures...

IBM’s Tumble Drags on Software, IT Stocks
The Wall Street Journal32d agobearish
IBM’s Tumble Drags on Software, IT Stocks

IBM stock is having one of its worst days ever – and is dragging some other names in software and IT along with it. Shares of software and professional-services firms including Accenture, Gartner, Workday and ServiceNow were all trading lower Tuesday morning.

Stocks Rally on Fed-Friendly CPI Report
Barchart32d agobullish
Stocks Rally on Fed-Friendly CPI Report

The S&P 500 Index ($SPX ) (SPY ) today is up +0.30%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.60%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.97%. September E-mini S&P futures (ESU26 ) are up +0.28%, and September E-mini Nasdaq futures...