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MARKETS: Stocks finish at 1-month highs — YF Premium is bullish on IBM

Yahoo Finance's Jared Blikre joins Jen Rogers to break down the day's price action in stocks as well as a long in International Business Machines (IBM), a Yahoo Finance Premium Investment Idea. Not a subscriber? Start your free trial to join our next webinar on Wednesday, September 2nd at 2:00pm ET live!

Video Transcript

JEN ROGERS: Welcome back to "The Final Round." Right now, stocks holding on to gains. We have all 11 sectors higher with energy outpacing all others. It's up some 3.6%. Also seeing utilities up 1.7%. Let's go to Jared Blikre for more details on today's action. Jared.

JARED BLIKRE: Well, you mentioned energy. Let's start right there. On the YFi Interactive Heat Map, we've got some big movers here, especially in the majors. When's the last time you saw Exxon up 5%? I don't even remember. Got to love the 10% dividend. Hope they keep it.

But some of the other major movers here, I mean, you look at some of the smaller players, even Occidental Petroleum up 8% right now, a leader here. Looks like Plains All-American Pipeline more of a strategic logistics play there, so that's interesting. And really, the only losers here in bankruptcy court were emerging from there.

Let's also take a look at the Dow right now. We have that outperforming for the bulk of today, up about 37%-- or excuse me, 1/3 of a percent right now, although the other majors are up a little bit more. Apple is down notably, along with some others, but not by much. McDonald's is worst off, down 38 basis points right now. JP Morgan is leading the financials up 2%. Bank stocks looking good.

And let's look at the sector action. So energy by far and away the biggest standout, up 3 and 1/2%. We do have Hurricane Delta bearing down on the Caribbean. OPEC also lifting its demand forecast, followed by utilities, real estate, financials, communications services, industrials, and materials. All of those are outperforming. Biggest laggard here to the downside is tech. That's still up 39 basis points.

Well, I want to talk now about our Yahoo Finance investment idea of the day from Yahoo Finance Premium, and that is big blue. Can't get enough of this stock today, up 5% over the last two months. And all of that is today, up 5.9%. And Argus Research is saying about the call with their long-term target now 155. Haven't seen that in a while.

They are saying that IBM plans to spin off the Manage Infrastructure business with global technology services. We've been talking about that. Interviewed the CEO earlier today. The new IBM is better positioned to capitalize on the $1 trillion hybrid cloud market opportunity, initially triggered by the acquisition of RedHat. You can always get a free trial of Yahoo Finance Premium at our website, yahoofinance.com. Jen.