146.31 -0.04 (-0.03%)
After hours: 4:56PM EDT
|Bid||146.29 x 900|
|Ask||146.35 x 800|
|Day's range||146.26 - 148.86|
|52-week range||137.45 - 171.13|
|PE ratio (TTM)||24.01|
|Earnings date||16 Oct 2018|
|Forward dividend & yield||6.28 (4.35%)|
|1y target est||163.22|
Ryan McQueeney and Maddy Johnson take on this week's biggest stories, including the latest twist in the ongoing battle between Comcast and Disney to buy Fox assets, Google's new legal headache in Europe, and earnings report from the likes of IBM and Microsoft.
IBM (IBM) announced its second-quarter earnings on July 18. The stock surged 3.0% in after-hours trading on the day after beating both earnings and revenue estimates. IBM’s revenue rose 3.7% YoY (year-over-year) in the second quarter, reaching $20 billion.
The index posted impressive gains this week, boosted by a strong economy and expectations of robust earnings.
Stocks that moved substantially or traded heavily Thursday: eBay Inc., down $3.84 to $34.11 The online marketplace's revenue fell short of Wall Street forecasts. American Express Co., down $2.81 to $100.17 ...
Here are some things going on today in the world of tech: Samsung’s foldable gadget The Wall Street Journal’s Timothy Martin, citing multiple unnamed sources, reports that Samsung Electronics (005930.Korea) is planning to debut a “foldable” version of its Galaxy smartphone “early next year,” one that has a second, slim screen visible when the device is folded like a wallet. The phone is initially planned to be produced in small quantities compared to Samsung’s normal production run, writes Martin, and aimed at specific markets such as gamers. The site’s author, Ilse Jurrien, relates that "the second screen will be automatically activated once the phone gets folded.” Samsung’s patent says that the second screen “may enhance the user’s convenience and arouse a user’s interest.” Debating IBM’s beat Shares of IBM (IBM) are up $4.62, or 3%, at $149.14, after the company yesterday afternoon beat Q2 revenue and earnings expectations, thanks in large part to a 25% jump in its core mainframe and software business, and reiterated its outlook for this year’s profit and free cash flow.
Major stock indexes showed losses of around 0.3% to 0.4% near midday Thursday as the Dow Jones industrial average served up plenty of big movers. American Express and Travelers didn't respond well to earnings, but it was the opposite for IBM.
IBM (IBM) reported fiscal Q2 2018 financial results on July 18. Its non-GAAP EPS (earnings per share) after adjustments came in at $3.08 per share, easily outperforming the Wall Street Journal estimate of $3.04 per share. Moreover, the EPS in the reported quarter also improved by 5% YoY (year-over-year). Higher adoption of cloud, Watson AI (Artificial Intelligence), analytics, blockchain, and security solutions across different industries continues to drive the company’s business. In after-market trading, IBM stock rose 3.1% to $148.99.
Wall Street still has questions about the transformation underway at International Business Machines Corp. even as a second-quarter earnings beat sent the shares up more than 3 percent Thursday. Several analysts cut their price targets on the stock, with Morgan Stanley and BMO both calling out shortfalls in cognitive revenue. Meanwhile, Wedbush said it’s looking for management to take more aggressive restructuring actions in order to unlock shareholder value.
There is no reason to expect that layoffs will accelerate." The data confirms, once again, that the yield curve, though flattening, is not signaling a weakening economy. In fact, argues Standard Chartered Bank strategist Steve Englander, the yield curve might simply be following the labor market. Englander explains that the yield curve is simply a reflection of the U.S. economy.
J. Jill, Tupperware, Suncor, IBM, eBay and American Express highlighted as Zacks Bull and Bear of the Day
Stocks shifted lower Thursday. On the Dow, American Express, Traveler's and IBM reported Q2 results. Cisco gained on Amazon news, and markets looked toward DOJ hearings on auto tariffs.
Dow futures: Dow Jones giants IBM, Cisco Systems and American Express were notable movers overnight. So were eBay and Alcoa.
IBM, General Motors Co. and Lockheed Martin Corp. are among a slate of companies that will advise the government on how to deal with the threat of automation facing American workers, according to a person familiar with the arrangement. Representatives of the companies will form an advisory board for a council led by Ivanka Trump and Secretary of Labor Alex Acosta. FedEx Corp. and Home Depot Inc. were also confirmed for the board, while Apple Inc. and Blackrock Inc. had considered joining as well, the person said.
Groupon (GRPN) made headlines Tuesday after IBM announced a $167 million lawsuit for violation of four of its e-commerce IPs. Is this as bad as it sounds for Groupon, or are potential concerns overblown? We'll give you the full rundown here.
International Business Machines (IBM) just released its latest quarterly results, posting earnings of $3.05 per share and revenues of $20 billion.