美股三大指数开盘涨跌不一 特斯拉跌超7% 智通财经7月24日电，美股三大指数开盘涨跌不一，道指跌0.69%，纳指涨0.38%，标普500指数涨 0.19%。特斯拉跌超7%，此前马斯克称公司接下来可能面临几个艰难的季度。IBM跌超9%，此前公布 的第二季软件营收低于预期。 ...

Core Insights - IBM reported Q2 2025 revenue of $17 billion, surpassing Wall Street's forecast of $16.6 billion, marking an 8% year-over-year increase [1] - Adjusted earnings per share were $2.80, exceeding the projected $2.65 [1] - Despite strong earnings, IBM's stock fell 6.02% to a pre-market price of $265.02 on July 24 [1] Revenue Breakdown - The increase in revenue was attributed to IBM's involvement in artificial intelligence (AI) [3] - The software segment, IBM's largest business unit, generated $7.4 billion in revenue, a 10% increase from the previous year, but only met analyst expectations [3] Stock Performance and Market Sentiment - Prior to the earnings report, IBM shares were up 28% year-to-date, outperforming Nvidia's 23.5% increase [4] - Following the earnings report, UBS raised its price target for IBM from $195 to $200 while maintaining a "Sell" rating [7] - Jefferies reiterated a "Hold" rating with a target price of $280 [7] Analyst Projections - The average target price for IBM is projected at $287.53 for the next 12 months, with optimistic estimates reaching $350 and bearish outlooks as low as $190 [5]

Market Movements - As of July 24, U.S. stock index futures showed mixed results with Dow futures down 0.38%, S&P 500 futures up 0.13%, and Nasdaq futures up 0.33% [1] - European indices also showed positive movements, with Germany's DAX up 0.57%, UK's FTSE 100 up 0.97%, and the Euro Stoxx 50 up 0.42% [2][3] - WTI crude oil increased by 0.77% to $65.75 per barrel, while Brent crude oil rose by 0.61% to $68.93 per barrel [3][4] Company News - Smead Capital Management warned that current U.S. stock valuations have reached a "death line," similar to levels seen during the internet bubble, with top ten companies being more expensive than at the bubble's peak [4] - Google (GOOGL.US) reported Q2 revenue of $96.43 billion, exceeding analyst expectations, with cloud business sales up nearly 32% [8] - Tesla (TSLA.US) reported a 16% decline in Q2 revenue to $22.5 billion, missing analyst expectations, and warned of poor performance in upcoming quarters [9] - IBM (IBM.US) saw Q2 sales grow 8% to $17 billion, driven by its infrastructure business, but faced challenges in its software and consulting segments [10] - T-Mobile US (TMUS.US) exceeded user growth expectations in Q2, adding 830,000 contract customers, and raised its full-year guidance [11] - Nokia (NOK.US) reported a 29% drop in adjusted operating profit due to tariff impacts and a weak dollar, with revenue growth of only 2% [12] - Deutsche Bank (DB.US) turned a profit of €1.485 billion in Q2, significantly improving from a loss the previous year, driven by strong performance in fixed income and foreign exchange trading [13] - Vodafone (VOD.US) reported a 3.9% increase in Q1 revenue, with signs of stabilization in its German operations [14] - Total (TTE.US) experienced a 23% drop in Q2 profit due to falling oil and gas prices, while net debt increased by 29% [15] - Southwest Airlines (LUV.US) reported Q2 revenue of $7.24 billion, slightly below expectations, and cut its annual profit forecast by $1 billion due to economic uncertainties [16] Economic Data and Events - Upcoming economic data includes initial jobless claims and manufacturing PMI [17]

Uttam is a growth-oriented investment analyst whose equity research primarily focuses on the technology sector. Semiconductors, Artificial Intelligence and Cloud software are some of the key sectors that are regularly researched and published by him. His research also focuses on other areas such as MedTech, Defense Tech, and Renewable Energy. In addition, Uttam also authors The Pragmatic Optimist Newsletter along with his wife, Amrita Roy, who is also an author on the newsletter as well as on this platform. ...

Group 1 - Major stock indices futures are up, with Dow futures rising by 0.50%, S&P 500 futures by 0.39%, and Nasdaq futures by 0.20% [1] - The Trump administration has announced an AI action plan, leading to a surge in chip stocks, with Broadcom up 2.6%, Nvidia up 1.5%, and AMD up 1.29% [1] - Tesla reported Q2 revenue of $22.5 billion, a 12% year-over-year decline, with earnings per share at $0.40, down 23% from the previous year, resulting in a stock drop of 6.56% [1] Group 2 - Google reported Q2 revenue of $96.4 billion and earnings per share of $2.31, exceeding analyst expectations, leading to a stock increase of 3.1% [2] - IBM's Q2 revenue was $73.9 billion, slightly below analyst expectations of $74.3 billion, resulting in a stock decline of 5.35% [3] - T-Mobile added 1.7 million postpaid customers in Q2, achieving its best quarterly performance, with stock rising by 5.20% [3] - Nokia's Q2 results fell short of expectations, with projected operating profit for the year revised down to between €1.6 billion and €2.1 billion [3] - ServiceNow reported Q2 profit of $385 million and revenue growth of approximately 23% to $3.22 billion, leading to a stock increase of 7.17% [4]

IBM(IBM.N)美股盘前跌5.1%，公司第二季度软件销售额未达预期。 ...

Core Viewpoint - Morgan Stanley raised IBM's target price from $244 to $290 [1] Group 1 - The increase in target price reflects positive sentiment towards IBM's future performance [1]

Group 1: Market Trends - The paper sector continues its upward trend, with Nine Dragons Paper (02689.HK) leading the gains, rising over 9% after announcing a price increase of 30 CNY/ton for corrugated paper and recycled cardboard starting August 1, reflecting an optimized supply-demand structure in the industry [1] - The brokerage sector saw collective strength, with major Chinese brokerages like Dongfang Securities (03958.HK) and Zhongyuan Securities (01375.HK) rising over 6% and 5% respectively, indicating significant capital inflow into the sector [1] - Urban Beauty (02298.HK) surged 13% as its online GMV for 2024 is projected to reach 1.57 billion CNY, marking a 100% year-on-year increase, showcasing the effectiveness of its new retail transformation [1] Group 2: Company Performance - China Duty Free Group (01880.HK) soared 17% after Macquarie's report indicated a narrowing year-on-year revenue decline from 19.5% in Q4 2024 to 11% in Q1 2025, with a stable gross margin of 33% [1] - The gaming sector experienced a broad increase, with companies like 澳博控股 (00880.HK) and 银河娱乐 (00027.HK) rising over 3%, supported by UBS data showing Macau's average daily gaming revenue in July at 683 million MOP, a 14% year-on-year increase [2] - 雍禾医疗 (02279.HK) saw a 13% increase after forming a strategic partnership with Meituan Health to build a medical-grade hair health service system [2] Group 3: Real Estate and Financing - The Hong Kong real estate sector collectively strengthened, with Country Garden (02007.HK) leading with nearly a 10% rise, driven by improved financing conditions as indicated by the People's Bank of China's report showing a recovery in real estate loan growth [3] - Meilan Airport (0357.HK) rose 10% as CITIC Securities highlighted the significance of Hainan's trade opening, which is expected to benefit the local tourism industry [3] Group 4: Gold Sector Decline - The gold sector faced pressure, with companies like 潼关黄金 (00340.HK) and 大唐黄金 (08331.HK) dropping over 4%, attributed to a decline in spot gold prices below 3,380 USD/oz, driven by reduced safe-haven appeal due to easing trade tensions [4] Group 5: US Market Highlights - Futu Holdings (FUTU.US) rose 2.82% after announcing a long-term strategic partnership with Huaxia Fund to promote the integration of traditional finance and blockchain technology [5] - Japanese automotive stocks surged, with Toyota (TM.US) and Honda (HMC.US) rising over 13% following news of a trade agreement reducing tariffs on Japanese cars [6] - Nuclear power stocks in the US saw significant gains, with Oklo Inc (OKLO.US) rising 9.21%, reflecting a growing interest in nuclear energy [5]

Core Viewpoint - IBM's latest earnings report disappointed investors, particularly due to underperformance in its software and consulting divisions, despite the company's stock having surged over 30% year-to-date, significantly outperforming the S&P 500 index [1][2][3] Financial Performance - IBM's second-quarter software sales grew by 10% year-on-year to $7.39 billion, slightly below Wall Street's expectation of $7.49 billion [2] - The consulting division's sales increased by only 3% to $5.31 billion, indicating a slowdown in growth [2] - Overall, IBM's total sales rose by 8% year-on-year to $17 billion, surpassing analyst expectations of approximately $16.6 billion [5] - The infrastructure business saw a significant 14% increase in sales to $4.14 billion, exceeding expectations of $3.66 billion [5] Business Segments - IBM's infrastructure business has become a key driver of growth, with strong demand from large enterprises, particularly in finance and retail sectors [5][6] - The company reported that bookings related to AI have exceeded $7.5 billion since mid-2023, with about 80% coming from the consulting division [3][6] Future Outlook - IBM maintains its full-year sales growth forecast of at least 5% at constant currency rates, aligning with Wall Street expectations [6] - The company anticipates free cash flow to exceed $13.5 billion, also in line with analyst estimates [6] AI and Quantum Computing - IBM's focus on AI and quantum computing is seen as crucial for driving future growth, with significant investments in AI developer ecosystems and quantum computing capabilities [9][10] - The company has announced that its quantum business orders have surpassed $1 billion, aiming to enter the "quantum practical" era by the end of the decade [10] - IBM's AI platform, watsonx, supports a comprehensive range of AI tools and models, catering to various developer needs [9][10]

Group 1 - The Ministry of Commerce announced that Vice Premier He Lifeng will attend Sino-U.S. economic and trade talks in Sweden from July 27 to 30 [1] - The Ministry of Public Security stated that current "smart driving" systems in cars have not achieved full "autonomous driving" capabilities, emphasizing that human drivers remain responsible [2] - The Ministry of Agriculture and Rural Affairs held a meeting to promote high-quality development in the pig industry, aiming to prevent drastic fluctuations in production and prices [4] Group 2 - Hangzhou Customs introduced 10 measures to support the high-quality development of cross-border e-commerce in Zhejiang, including expanding logistics channels and promoting return policies [6] - The China Nonferrous Metals Industry Association reported that the price of solar-grade polysilicon has increased by 12.23% week-on-week, with the average price at 46,800 yuan per ton [7] - U.S. President Trump announced plans to impose tariffs ranging from 15% to 50% on most countries [8] - The European Commission confirmed plans to impose tariffs on nearly 100 billion euros worth of U.S. goods if trade negotiations fail [9] Group 3 - *ST Zhengping announced uncertainty regarding participation in the Yarlung Tsangpo River downstream hydropower project [11] - Tesla reported Q2 revenue of $22.5 billion, a 12% year-on-year decrease, with net profit of $1.172 billion, down 16% [15] - Alphabet's Q2 revenue reached $96.43 billion, a 14% year-on-year increase, with Google Cloud revenue growing by 32% [16] Group 4 - IBM reported Q2 revenue of $16.98 billion, a 7.7% year-on-year increase, with net profit of $2 billion, up 20% [17]