134.11 +0.06 (0.04%)
Pre-Market: 5:17AM EDT
|Bid||134.00 x 1000|
|Ask||134.47 x 1100|
|Day's Range||133.42 - 137.15|
|52 Week Range||133.42 - 171.13|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||21.59|
|Earnings Date||Oct 15, 2018 - Oct 19, 2018|
|Forward Dividend & Yield||6.28 (4.46%)|
|1y Target Est||161.40|
Stocks posted modest declines at market close Wednesday following a choppy day of trading.
IBM, Facebook, Apple and Viacom are the companies to watch.
Strategic imperatives continued to pick up the slack for Big Blue's fading legacy businesses in the third quarter, but top-line sales still came in a bit soft.
A bad year for International Business Machines Corporation just got even worse. After the information technology reported disappointing third-quarter earnings report Tuesday, the stock tanked. IBM shares ended Wednesday down 7.
A sharp drop in shares of International Business Machines Inc. accelerated into the close of trading Wednesday, a day after the company reported shrinking quarterly revenue that took some shine off its recent turnaround momentum. Its 2.1% slide in revenue from a year ago served as a reminder of the company’s yearslong struggle to ditch its legacy image as a computer maker and refocus on fast-growing businesses such as cloud computing and services driven by artificial intelligence. “It was clearly a disappointing quarter,” said John Conti, a partner at SeaBridge Investment Advisors LLC, which is an investor in IBM.
was a blow-out -- a reminder that when Reed Hastings misses his forecast from a previous quarter and blames his errant forecasting, and NOT demand for their programming, you should believe him. The airlines are generally doing well -- and they are, surprisingly, making decent money with oil so high. When I sat down with CEO Oscar Munoz last month in San Francisco it was pretty darned obvious that the company would raise numbers.
International Business Machines Corp. shares endure their worst day in more than five years Wednesday, closing at prices not seen since early 2016 as investors appear to grow impatient with the pace of the tech giant’s growth in new businesses after it snapped a short-lived revenue growth streak.
Bottom Fishing After starting Wednesday lower, the S&P 500 finished just about even, despite a brief scare following the release of the minutes from September’s Federal Reserve meeting. The same couldn’t be said about the Dow, which dropped more than 90 points thanks to IBM’s post-earnings tumble. The numbers have been good: 90% of them have topped earnings forecasts and 70% have exceeded sales expectations.
Yesterday’s rally is firmly in the rear view mirror as stocks faded after a choppy session following the release of the Fed minutes. It’s not like the Fed revealed anything surprising in the blow by blow recap of the September meeting when it raised the target federal funds rate range by a quarter percentage point and promised two or three more hikes by year-end. Former Wall Street darlings like IBM, GE and Intel have had a hard time resonating with investors who have been favoring growth stocks like the FAANGs, and 2018 has been a year they would like to forget.
International Business Machines fell as much as 8% on Wednesday, tumbling to more than two-year lows, following a mixed third-quarter earnings report.
Wall Street's major indexes edged lower after a choppy session on Wednesday after the Federal Reserve showed broad agreement on the need to raise borrowing costs further, cementing investor concerns that had helped cause a major sell-off the week before. The S&P 500 (.SPX) zigzagged furiously between positive and negative territory after the 2 p.m. ET (1800 GMT) release of the Fed's September meeting minutes. In defiance of sharp criticism from U.S. President Donald Trump, policymakers showed agreement on the September hike and general anticipation that further gradual increases would be consistent with the economic expansion, labor market strength, and firm inflation that most forecast.
Stocks that moved substantially or traded heavily Wednesday: PulteGroup Inc., down 80 cents to $22.82 Homebuilders fell after the Commerce Department said construction of new homes fell in September. Netflix ...
The Dow trades lower as a slump in shares of IBM prevents the index from a significant move into positive territory.
Netflix, United Continental and Winnebago soared, while IBM dived early Wednesday, as earnings news sent stocks to a mixed open.
The stock market was mixed with the Dow dropping about 150 points early Wednesday. Netflix jumped after strong subscriber growth.
Stocks recovered impressively in afternoon trading Wednesday after an early downdraft that saw the Dow, S&P 500 and Nasdaq fall more than 1% intraday.
U.S. stock indexes late Wednesday morning initially gave back a chunk of the previous session's big gains but then trimmed the refund. In the Dow, two stocks — IBM (IBM) and Home Depot (HD) — dragged on the blue-chip index.