Intel Corp (NASDAQ:INTC) stock is 11.6% lower to trade at $31.04 at last check. Though the semiconductor giant's first-quarter profits beat expectations, revenue missed the mark. In addition, the blue chip's current-quarter outlook came in well below analysts' estimates.No fewer than 18 analysts cut their price targets in response, with the lowest coming from Wolfe Research to $29 from $31. The brokerage bunch is skeptical of INTC, with 29 of 34 firms in question calling it a tepid "hold" or worse, but the ...

Dow Jones Industrial Average (DJI) components Caterpillar Inc. (NYSE:CAT) and Merck & Co Inc (NYSE:MRK) are moving in opposite directions today after their respective first-quarter earnings reports, as the blue-chip index eyes its worst single-day decline since March 2023.Caterpillar stock is down 6.4% at $340.21 at last check, after the heavy equipment maker missed first-quarter revenue estimates and issued a weak current-quarter forecast. Shares fell to their lowest level since early February on the news, ...

IBM Corp (NYSE:IBM) is at the bottom of the Dow today, last seen down 8.7% to trade at $167.95. There's a lot to unpack from Big Blue's quarterly report; first-quarter earnings topped estimates, but revenue fell short. The tech titan cited foreign exchange as a headwind for the rest of 2024, and agreed to buy cloud company HashiCorp (HCP) for $6.4 billion, or $35 per share. At least four price-target cuts followed, the worst coming from J.P. Morgan Securities to $185 from $190. Wedbush, meanwhile, hiked its ...

Meta Platforms Inc (NASDAQ:META) stock is down 13% at $429.32 at last glance -- its lowest level since Feb. 1 -- after the company's quarterly report. While the Facebook and Instagram parent's first-quarter earnings and revenue both topped estimates, a weaker-than-expected second-quarter revenue guidance is weighing on META this morning. Options traders are rushing to place their bets after the event. Today's options pits show ample activity from both sides of the aisle, but bulls are edging out bears. With ...

The shares of Netflix Inc (NASDAQ:NFLX) are down 3.7% at $556.33 this afternoon, extending last week's post-earnings bear gap on the charts. The media streaming stock is on track for its fifth loss in six sessions, dragging it 8.3% lower this quarter. Still, NFLX boasts a 14.4% year-to-date lead and an even better 72.7% year-over-year gain, and this latest pullback has it near a historically bullish trendline that could soon catapult it higher.More specifically, Netflix stock just came within one standard d ...

Mizuho upgraded Airbnb Inc (NASDAQ:ABNB) to "buy" from "neutral" and hiked its price target to $200 from $150. The analyst in coverage noted the potential launch of sponsored listings, as well as demand stemming from the summer Olympics. ABNB was last seen up 1.8% at $163.88.The majority of analysts are skeptical of Airbnb stock. Coming into today, 26 of 36 firms in coverage called the security a tepid "hold" or worse, and the 12-month consensus target price of $151.40 is an 8.2% discount to current levels. ...

NVIDIA Corp (NASDAQ:NVDA) stock has more than quintupled in value since the beginning of 2023. Last Friday, however, the chipmaker got swept up in a selloff of artificial intelligence (AI) stocks, falling 10% in a single day, or about $212 billion in market capitalization. That’s bigger than companies such as Adobe (ADBE), Walt Disney (DIS), and McDonald’s (MCD).This week, I’m looking at some of the biggest one-day changes in market capitalization. I’ll show how the stocks performed going forward and if it ...

Microsoft Corp (NASDAQ:MSFT) is up 1.7% at $407.61 today, bouncing off familiar support at the $400 level. The equity is one of the 'Magnificent Seven' stocks that staged a sharp pullback last week as Big Tech slid.MSFT is also seeing support at a historically bullish trendline, its 100-day moving average.  Per Schaeffer's Senior Quantitative Analyst Rocky White, the security has come within one standard deviation of this moving average five times over the past three years, after which it was higher one mon ...

Major financial institution Bank of America Corp (NYSE:BAC) reported earnings last week and the shares bottomed out following the results, falling 3.5% the day of the quarterly report and testing their 100-day moving average. Fast forward to today, and BAC is up 1.6% to trade at $38.35, pacing for a sixth-straight win, filling that pos-earnings bear gap, and trading at its highest mark since November 2022. Better yet, a "buy" signal is flashing that could keep the wind at the equity's back.  BAC's Schaeffer ...

Subscribers to Chart of the Week received this commentary on Sunday, April 21.There aren’t many constants on Wall Street, but one is bank stocks paving the way for the new cycle of quarterly reports. They always offer investors a sneak peek of what to expect each earnings season. One of the first to enter the ring is usually Charles Schwab (SCWH), which took a haircut back in January on the back of a disappointing fourth quarter whiff. This time around, the banking giant’s first-quarter earnings and revenue ...