Here are Thursday’s biggest calls on Wall Street: JPM reiterates Texas Instruments as overweight JPM lowered its price target on the stock to $195 per share from $230 but said it’s sticking with Texas Instruments following earnings on Wednesday. “Texas Instruments delivered better-than-expected Mar-Qtr results (revenue/ margins/earnings) and provided a solid 2Q outlook.” Bank of America reiterates IBM as buy The firm said IBM remains a defensive holding following earnings on Wednesday. “Reiterate Buy as we continue to view IBM as a defensive investment with improving rev growth, which in turn drives higher cash flow that can be re-invested for…
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U.S. Department Secretary of the Interior Doug Burgum looks on during CERAWeek in Houston, Texas, U.S., March 12, 2025. Kaylee Greenlee | ReutersOKLAHOMA CITY — The Trump administration is considering investing in companies that mine and process critical minerals in an effort to end U.S. dependence on imports from countries including China, Interior Secretary Doug Burgum said this week.”We should be taking some of our balance sheet and making investments,” Burgum said late Wednesday at a conference organized by the Hamm Institute for American Energy. “The U.S. may need to make an “equity investment in each of these companies that’s taking…
European allies of the United States have been trying to convince President Trump of the virtues of a shared approach toward ending the war in Ukraine, to enhance leverage on both Moscow and Kyiv and to preserve European security.But Mr. Trump and Vice President JD Vance insisted on Wednesday that a set of proposals that their administration presented to the Europeans and Ukraine last week was now a kind of ultimatum, with the United States increasingly prepared to walk away. European officials who saw those proposals as too favorable to Russia and President Vladimir V. Putin face a dilemma.If Mr.…
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Nurphoto | Nurphoto | Getty ImagesMerck on Thursday lowered its full-year profit guidance, citing $200 million in estimated costs for tariffs and a charge tied to a recent deal.The company now expects its 2025 adjusted earnings to come in between $8.82 and $8.97, down slightly from a previous outlook of 8.88 to $9.03 per share.The company said the expected tariff charge primarily reflects levies between the U.S. and China, and Canada and Mexico to a lesser degree. Merck has built a robust presence in China, which is considered one of the company’s most important markets and is home to some…
The longer-term outlook for Apple looks increasingly difficult to navigate, according to Bank of America. The bank cut its price target to $240 per share from $250 ahead of the company’s fiscal second quarter earnings report due out May 1. The firm’s new forecast calls for 17% upside from Tuesday’s close. “We slightly increase our revenue estimates for the March and June quarters, while we lower our revenue estimates further out to adjust for higher costs of navigating a more complex supply chain and for delays in launching an AI enabled Siri,” analyst Wamsi Mohan wrote on Thursday, reiterating his…
Comcast surpassed first-quarter expectations on Thursday even as the company lost broadband customers amid heightened competition.While domestic broadband revenue was up 1.7% to $6.56 billion, Comcast lost 199,000 total domestic broadband customers, reflecting the continued pressure on the cable giant’s cornerstone business. Competition has ramped up in recent years due to the rise of alternative home internet options, including 5G, or so-called fixed wireless. Comcast shares were down about 3% in premarket trading.Meanwhile Comcast’s less-than-10-years-old mobile business remained a bright spot during the quarter. Revenue for the unit was up roughly 16% to $1.12 billion, and it added 323,000 lines. There…
An American Airlines plane on the tarmac at the Miami International Airport on Feb. 19, 2025 in Miami, Florida.Joe Raedle | Getty ImagesAmerican Airlines withdrew its 2025 financial guidance on Thursday, joining other carriers grappling with an uncertain outlook on the U.S. economy and weaker-than-expected leisure travel bookings this year.The airline forecast second-quarter revenue down as much as 2% from last year to up as much as 1%, below the 2.2% Wall Street analysts expected, with its capacity expected to rise as much as 4% in the current quarter. American said adjusted per-share earnings would likely come in between 50…
Jaap Arriens | Nurphoto | Getty ImagesSouth Korea’s data protection authority has concluded that Chinese artificial intelligence startup DeepSeek collected personal information from local users and transferred it overseas without their permission.The authority, the Personal Information Protection Commission, released its written findings on Thursday in connection with a privacy and security review of DeepSeek.It follows DeepSeek’s removal of its chatbot application from South Korean app stores in February at the recommendation of PICP. The agency said DeepSeek had committed to cooperate on its concerns. During DeepSeek’s presence in South Korea, it transferred user data to several firms in China and the U.S.…
Tide laundry detergent is shown on display in Compton, California.Mike Blake | ReutersProcter & Gamble on Thursday reported mixed quarterly results as demand for its products fell.The company, which owns Tide and Charmin, also slashed its full-year forecast for its core earnings per share and revenue.Shares of the company fell 2% in premarket trading.Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $1.54 vs. $1.53 expectedRevenue: $19.78 billion vs. $20.11 billion expectedP&G reported third-quarter net income attributable to the company of $3.77 billion, or $1.54 per share, up…
