|Bid||162.79 x 100|
|Ask||162.80 x 100|
|Day's Range||162.40 - 165.40|
|52 Week Range||139.13 - 182.79|
|PE Ratio (TTM)||13.60|
|Forward Dividend & Yield||6.00 (3.66%)|
|1y Target Est||N/A|
American Express, IBM, GM and Uber are the companies to watch.
IBM earnings beat Wall Street estimates but other worries pull on stock. Yahoo Finance's Jen Rogers and Seana Smith discuss.
Here's a surprise: after 22 quarters of consecutive year-over-year revenue declines, IBM today reported that its revenue increased from Q4 2016 to Q4 2017.
Stocks trade mixed on Friday as investors practice caution amid worries the federal government will be forced into a shutdown at midnight.
The bulls today are focusing on the company’s first quarterly revenue increase in nearly six years, dismissing issues of margins as merely some “work to do,” as Morgan Stanley’s Katy Huberty put it. Bears are fixated on the quality of earnings, with various puts and takes following tax reform seeming to muddy the outlook. Katy Huberty, Morgan Stanley: Reiterates an Overweight rating, and raises her price target to $198 from $192.
Stocks are mostly higher on Friday, as investors grow increasingly concerned the federal government will be forced into a shutdown at midnight.
Shares of International Business Machines Corp. (NYSE:IBM) fell in overnight trading after it beat earnings estimates. IMB stock dropped almost 3%, shedding about $4 billion in market cap, after the company announced results that beat earnings estimates and showed the first year-over-year revenue growth in five years. While there are now some bulls pounding the table for IBM stock, they may be lonely voices, once investors dig into the numbers this morning.
Wall Street's main indexes rose on Friday, powered by gains in Amazon and Nike, while investors shrugged off fears of a looming U.S. government shutdown. Amazon rose 1.3 percent after it raised the monthly fee for its Amazon Prime service, while Nike was up 2 percent after Wedbush analysts upgraded the stock to "outperform".