Profits are rising across some of America’s biggest companies, with Target, J.M. Smucker and farm-equipment maker Deere reporting stronger sales and earnings. Many businesses have raised their financial outlooks for the year, while executives say the favorable earnings trend is likely to continue. Companies are benefiting from strong AI spending, federal spending and refunds of some past tariff payments. A booming stock market and high home values are also helping many consumers maintain spending, even as others struggle with rising prices. Purchases include appliances, toys and clothing.