IBM Stock: A Stealth Bull Market in the Making
International Business Machines Corp. (NYSE:IBM) reported earnings on October 17, and although it managed to beat analysts estimates on the bottom line, this was still its 22nd consecutive quarter of negative revenue growth. One would think that such a headline would send the price of IBM stock spiraling lower, but that is not exactly how things went down.
On October 18, International Business Machines stock closed higher by 8.87%, catching many off-guard. I know I was, but there is a lesson to be learned in this market environment and that lesson is: do not fight the tape, especially when the markets are as.
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International Business Machines Corp. (NYSE:IBM) reported earnings on October 17, and although it managed to beat analysts estimates on the bottom line, this was still its 22nd consecutive quarter of negative revenue growth. One would think that such a headline would send the price of IBM stock spiraling lower, but that is not exactly how things went down.
On October 18, International Business Machines stock closed higher by 8.87%, catching many off-guard. I know I was, but there is a lesson to be learned in this market environment and that lesson is: do not fight the tape, especially when the markets are as.
Den vollständigen Artikel lesen ...