"Markets continue to push higher on strong earnings and upgrades. At the moment, Dow futures are up about 23 points. Nasdaq futures are up about three, as the S&P 500 tacks on about two points. All gaining a boost after General Motors ( NYSE: GM) hiked its guidance for the full year and beat earnings expectations. In fact, GM's EPS of $2.80 was better than the $2.31 expected. Revenue of $48.59 billion was better than the estimates of $45.27 billion."
"Revenue of $48.59 billion was better than the estimates of $45.27 billion. "The updated guidance includes adjusted earnings before interest and taxes of between $12 billion and $13 billion, or $9.75 to $10.50 adjusted EPS, up from $10 billion to $12.5 billion, or $8.25 to $10 adjusted EPS, and adjusted automotive free cash flow of $10 billion to $11 billion, up from $7.5 billion to $10 billion," said CNBC."
"Goldman Sachs, which has a buy rating on Apple, raised its price target to $279 from $266. "Into F2026, we expect continued strength in iPhone demand, supported by both U.S. carrier competition and continued form factor changes with the expected launch of the iPhone 18 foldable," added the firm, as quoted by CNBC. Wells Fargo, which has an overweight rating on Apple, raised its price target to $290 from $240."
Markets moved higher as Dow futures rose about 23 points, Nasdaq futures gained roughly three points, and the S&P 500 added about two points. General Motors reported EPS of $2.80 versus $2.31 expected and revenue of $48.59 billion versus $45.27 billion, and raised full-year adjusted EBIT guidance to $12–$13 billion and adjusted automotive free cash flow to $10–$11 billion. Apple reached a record high driven by strong iPhone 17 sales and received higher price targets from Goldman Sachs and Wells Fargo. There is growing optimism that the government shutdown could end this week, with the White House prepared to take stronger measures if needed.
Read at 24/7 Wall St.
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