๐ Week recap: IBM $IBM -25% worst day ever, $MAN +33% โ S&P 500 sheds 1.6% in wild earnings week
IBM $IBM had its worst single day on record, cratering 25% after warning Q2 profits fell short due to soft software and infrastructure demand โ ouch. On the flip side, ManpowerGroup $MAN rocketed +33% after guiding for Q3 revenue up 2-6%, and Abbott Labs $ABT jumped ~11% after raising its full-year EPS outlook. Chips were the week's biggest sector casualty โ the SMH semiconductor ETF is down nearly 9% over the past four weeks on AI capex jitter. Big week ahead with Tesla $TSLA and Alphabet $GOOGL reporting โ can either one put a floor under the AI trade? Not financial advice.
โก 29 buzzing
332 views
๐ 0 subscribed