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Primoris (PRIM): Buy, Sell, or Hold Post Q1 Earnings?
StockStory20d agoneutral
Primoris (PRIM): Buy, Sell, or Hold Post Q1 Earnings?

Primoris has gotten torched over the last six months - since January 2026, its stock price has dropped 39.3% to $89.91 per share. This was partly due to its softer quarterly results and may have investors wondering how to approach the situation.

Heard on the Street: Google Stock Can Overcome Capex Worries
The Wall Street Journal21d agoneutral
Heard on the Street: Google Stock Can Overcome Capex Worries

The Google parent's shares have trailed the Nasdaq this year and fell premarket today, as investors fret over its AI spending spree. But its price of about 25 times forward earnings is hardly stratospheric if you consider the company’s growth prospects.

S&P 500, Nasdaq close lower ahead of technology earnings
Reuters Videos21d agoneutralVIDEO
S&P 500, Nasdaq close lower ahead of technology earnings

<body><p>STORY: U.S. stocks ended lower on Wednesday, with Dow virtually flat, the S&P 500 dipping fractionally, while the Nasdaq lost more than half a percent.</p><p>Investors eagerly awaited earnings results after the closing bell from Alphabet and Tesla, the first of the Magnificent Seven megacaps to report.</p><p>Shares of Alphabet, down more than 1% at the close, dipped further in extended trading despite the Google parent topping Wall Street estimates for cloud revenue growth thanks to the AI boom.</p><p>And shares of Tesla, which also closed lower, tumbled another 2.5% in extended trading after Elon Musk's EV maker reported negative free cash flow for the first time in more than two years due to accelerated spending on AI infrastructure, battery capacity, robotaxis and next-generation manufacturing.</p><p>Bob Lang, founder and chief options analyst of Explosive Options, said that strong earnings are needed to keep the market moving higher.</p><p>“The one thing that has been pretty constant here for the past 4 or 5 months for the stock market has been strong earnings and certainly a first quarter brought us about 26, 27% earnings growth. So far in the second quarter, we're seeing it at about 16 to 17%. And that's without some of the big names that have reported for the second quarter yet. We're going to have big names like, Nvidia. We're going to have big names like Micron reporting in September. That's a couple of months away, of course. But you know, we're going to have some of these companies out there that are probably going to report some stellar earnings. And, it's really been the linchpin for keeping the stock market afloat right now.”</p><p>Shares of IBM rose in extended trading after the company cut its annual revenue growth forecast, days after shocking Wall Street with a warning that corporate spending was shifting toward AI-focused data-center gear at the expense of its software and mainframe computers.</p><p>:: ServiceNow Handout</p><p>And shares of ServiceNow, down about 6.5% at the close, rose more than 3% after hours as the company raised its forecast for annual subscription revenue for the second time after beating second-quarter revenue and profit estimates, driven by growing demand for its AI-powered software.</p><p>Among other tech names, shares of Super Micro Computer rallied almost 20%, making it the S&P 500's biggest percentage gainer, a day after the server maker said it had secured more than $60 billion in new orders in its fiscal fourth quarter.&nbsp;</p></body>

U.S. Stocks Stall as Oil Extends Gains
The Wall Street Journal21d agoneutral
U.S. Stocks Stall as Oil Extends Gains

U.S. stocks were little changed Wednesday as oil prices extended gains, while investors braced for a wave of major earnings. The S&P 500 slipped 10.24 points, or 0.14%, to 7498.96, while the Nasdaq Composite lost 146.30 points, or 0.57%, to 25690.90. Traffic at the Strait of Hormuz remained at less than 10% of its prewar levels.

Tech Earnings Will Put a Fragile Stock Market to the Test
Barrons.com22d agoneutral
Tech Earnings Will Put a Fragile Stock Market to the Test

The stock market could face its sternest test since the Iran war recovery this week, as a key component of the tech-led rally reports second-quarter earnings. Google parent Alphabet the world’s third-largest stock, will update investors on its second quarter activity after the close of trading on Wednesday, likely a few minutes after Elon Musk’s Tesla posts results for the three months ending in June. The reports will kick off a long stretch of big-ticket earnings releases, including Microsoft Meta Platforms Amazon and Apple next week, as investors face the market’s weeks-long stall.

Wall Street Turns to Value Ahead of Alphabet Earnings
Barrons.com22d agoneutral
Wall Street Turns to Value Ahead of Alphabet Earnings

What was working on Wall Street was pretty much a mirrored image of yesterday’s action. The Dow was up 64 points, or 0.1%. The top strategies were pure value, low volatility, and dividend stocks, while small-caps, growth, and momentum were lagging behind.

Asian shares edge higher after Wall Street climb, even as Brent oil keeps rising
Associated Press22d agoneutral
Asian shares edge higher after Wall Street climb, even as Brent oil keeps rising

Asian shares were mostly higher Wednesday following a rally on Wall Street, despite concerns about higher oil prices and inflation. Japan's benchmark Nikkei 225 rose 1.9% to 67,511.12, after the government reported that both imports and exports rose last month from a year earlier, as the weakening yen raised the value of both when converted from dollars to yen. More gains for makers of computer chips and other companies benefiting from the artificial-intelligence boom carried Wall Street higher.