For Immediate Release
Chicago, IL – 02/27/2012 – Zacks highlights commentary from People and Picks Trader “inthemoneystocks”.
For more Voice of the People, visit http://at.zacks.com/?id=5851
IBM Leads as Investors Hope for Apple Dividend
The markets are floating higher as IBM Corp. ( IBM) leads the charge. The stock is hitting new all time highs at $198.86, +4.99 (+2.57%). This is accounting for about 20 points in the Dow Jones Industrial Average on the day. It is the biggest component and is making up a majority of the Dow move today.
In addition, the NASDAQ is leading today as all eyes are on Apple Inc. ( AAPL). At 1PM ET an investor meeting will get under way. Investors are hoping the company declares a dividend. Apple makes up 20% of the NASDAQ 100. This makes any move in Apple a major market move.
The Dow Jones Industrial Average is getting very close to 13,000. As the institutions and Federal Reserve continue to push more and more people into the market, a close over 13,000 for the weekend is likely. The media would pounce on this and it would ultimately coax more investors to the long side next week. This always happens towards the end of an up cycle in the market and should be a big warning to smart traders and investors.
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit http://at.zacks.com/?id=5957
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=5958.
Follow us on Twitter: https://twitter.com/zacksresearch
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
More From Zacks.com