<p><strong>Intel Corp (NASDAQ:INTC)</strong>&nbsp;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.</p> <p>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 12-month consensus ta ..read more

<p>While <strong><a href="https://www.schaeffersresearch.com/content/ezines/2024/04/26/stock-futures-rise-after-batch-of-big-tech-earnings" target="_blank">Big Tech earnings</a></strong> are the talk of the town today, social media company<strong> Snap Inc (NYSE:SNAP)</strong>&nbsp;stole the show, posting first-quarter earnings and revenue that topped analysts' expectations, with the latter rising to $1.19 billion thanks to the firm's improved advertising platform. At last glance, SNAP is up 24.5% to trade at $14.20.&nbsp;</p> <p>&l ..read more

<p>Dow Jones Industrial Average (DJI) components <strong>Caterpillar Inc. (NYSE:CAT)</strong> and <strong>Merck &amp; Co Inc (NYSE:MRK) </strong>are moving in opposite directions today after their respective first-quarter earnings reports, as the&nbsp;<strong><a href="https://www.schaeffersresearch.com/content/ezines/2024/04/25/dow-cratering-toward-worst-day-since-march-2023" target="_blank">blue-chip index</a></strong> eyes its worst single-day decline since March 2023.</p> <p><a href="https://www.schaeffersresearch ..read more

<p><strong>IBM Corp (NYSE:IBM)</strong> 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.&nbsp;</p> <p>At least four price-target cuts followed, the worst coming from J.P. Morgan Securities to $185 from $190. Wedbush, meanwhile, hiked its price target to $160 ..read more

<p _msttexthash="80969200" _msthash="264"><strong>Southwest Airlines Co (NYSE:LUV)</strong>&nbsp;missed top- and bottom-line expectations for the first quarter, and warned that it now anticipates getting just 20 <strong><a href="https://www.schaeffersresearch.com/content/news/2024/04/08/boeing-stock-falls-after-another-in-flight-issue-bear-note" target="_blank">Boeing (BA)</a></strong> 737 MAX planes this year -- less than half what it previously estimated -- which could limit growth into 2025. This was the third cut to those estimates, with the ai ..read more

<p><strong>Meta Platforms Inc (NASDAQ:META) </strong>stock is down 13% at $429.32 at last glance -- its lowest level <strong><a href="https://www.schaeffersresearch.com/content/news/2024/02/02/meta-platforms-stock-hits-record-highs-after-earnings" target="_blank">since Feb. 1</a></strong> -- 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.&nbsp;</p> <p>Options t ..read more

<p>Next week ushers the end of April and beginning of May, which will be marked by the central bank's interest rate decision and a slew of employment data, including the ADP employment report.<span style="font-size: 14px;"></span></p> <p>The earnings docket is also packed to the brim, with results coming from 3M (MM), Advanced Micro Devices (AMD), <strong><a href="https://www.schaeffersresearch.com/content/options/2024/04/01/options-traders-target-tech-giant-amid-string-of-highs" target="_blank">Amazon.com</a>&nbsp;</strong>(AMZN), < ..read more

<p>Depending on who you ask,&nbsp;a recession&nbsp;is either right around the corner or the stock market is ready to rattle off a seismic bull run. As always, the answer is likely somewhere in the middle of those&nbsp;two extremes. But due to the&nbsp;uncertainty&nbsp;surrounding the Federal Reserve&rsquo;s <strong><a href="https://www.schaeffersresearch.com/content/analysis/2024/04/15/s-p-500-levels-to-watch-heading-into-expiration-week" target="_blank">rate cuts</a></strong>, traders are stuck in a holding pattern until more data defines ..read more

<p>The shares of <strong>Netflix Inc (NASDAQ:NFLX)</strong> are down 3.7% at $556.33 this afternoon, extending last week's post-earnings bear gap on the charts. The <strong><a href="https://www.schaeffersresearch.com/content/news/2024/04/19/netflix-stock-gaps-lower-as-revenue-growth-weighs" target="_blank">media streaming stock</a></strong> 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 ..read more

<p><strong>Enphase Energy Inc (NASDAQ:ENPH) </strong>stock has reversed its sharp premarket losses, up 2.6% to trade at $116.48. The alternative energy company's first-quarter results and second-quarter revenue forecast came in below estimates, initially dragging the solar sector as a whole today. Jefferies downgraded ENPH to "hold" from "buy," while a flood of other analysts chimed in with mixed price-target adjustments.&nbsp;</p> <p>Meanwhile, a coalition of six solar manufacturers are petitioning the U.S. to impose tariffs on imports from Cambodia, Malaysia ..read more