WS #12038
IBM pre-announced Q2 results well below estimates, with shares down ~23% pre-market, citing capex reprioritization and deal delays. US June CPI came in well below expectations: headline -0.4% MoM vs -0.1% est, core 0.0% MoM vs +0.2% est, reducing Fed rate hike odds. Keybanc downgraded Apple to Underweight with $250 target, citing slowing hardware demand, a MAG7 carve-out signal. NY Governor Hochul to sign executive order imposing up to one-year moratorium on large data center construction statewide.
IBM Earnings Disaster
IBM pre-announced Q2 results well below estimates, with shares down ~23% pre-market, citing capex reprioritization and deal delays.
US June CPI came in well below expectations: headline -0.4% MoM vs -0.1% est, core 0.0% MoM vs +0.2% est, reducing Fed rate hike odds.
Keybanc downgraded Apple to Underweight with $250 target, citing slowing hardware demand, a MAG7 carve-out signal.
NY Governor Hochul to sign executive order imposing up to one-year moratorium on large data center construction statewide.