The major US indices are set to open lower but off their lowest premarket levels. The futures are currently implying:
- Dow industrial average -100 points
- S&P index -4.25 points
- NASDAQ index -33 points.
Entering into today, the major indices are higher for the week:
- Dow industrial average +2.43%.
- S&P index +3.83%
- NASDAQ index +5.40%
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Alphabet (GOOGL):
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Strong Q1 with standout growth in YouTube and Search.
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No signs of cannibalization; trades at 16.6x forward earnings.
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Price targets raised by JPMorgan, Goldman Sachs; stock +4%.
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Intel (INTC):
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Strong earnings beat, weak guidance.
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CEO rallies team; cost cuts continue.
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Shares fell over 7%.
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T-Mobile (TMUS):
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Beat on both sales and earnings.
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Shares down 5% — strong not good enough.
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Apple (AAPL):
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Plans to import most U.S. iPhones from India by 2026.
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Targeting >80 million units annually.
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Nvidia (NVDA):
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Morgan Stanley trims price target to $160 (from $162).
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Blackwell chip supply constraints limit near-term upside.
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Meta (META):
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Lays off staff in Reality Labs (AR/VR unit).
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Stock up 3%.
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This article was written by Greg Michalowski at www.forexlive.com.