Third-quarter earnings season has picked up, with a number of companies posting earnings today before the opening bell and two tech giants set to report after the close.
When Q3 earnings kicked off a week ago, analysts estimated third-quarter earnings would come in 6.5% higher than the same quarter a year ago.To continue reading, please click here...
Keith Fitz-Gerald on Samsung, IBM and Why Businesses Won't Borrow
Money Morning Chief Investment Strategist Keith Fitz-Gerald joined FOX News' Neil Cavuto for a "Biz Blitz" segment April 26. On tap were these three hot issues of the moment:
- Issue #1: Samsung profit is soaring, while tech king Apple is on the decline. Is this because of buzz Samsung is creating for its phones, or are we witnessing a major consumer shift for the hottest tech products? Does Samsung have a shot at winning over Apple lovers?
- Issue #2: IBM CEO in an internal company video tells employees after a weak earnings report to get their act together - or get out. Is this too harsh, or a necessary tactic to turn the company around? Can it work?
- Issue #3: Outstanding loans by the biggest banks to U.S. companies fell 9% in the first two weeks of April compared to the end of March. What's behind the decline - and what does it tell us about the U.S. economy in 2013?
Give Me the Right Stamp of Approval and Iâ€™ll Give You Your Next 319% Profit
At one time or another, I'm sure that we've all been outraged by stories of rampant government waste - especially in areas of aerospace- and defense-related research.
But today I'm going to tell you about a NASA-related tech program that led to a big payoff. In fact, investors who knew what to look for could've turned $10,000 into $41,900 - a 319% return - in just 29 months.
I'm relating this story for a couple of reasons. It shows you why I spend so much time looking at the research that's underway in labs at both the university and national level.
And it also explains why I write to you so frequently about cutting-edge science where I believe there's a big potential payoff.
My ultimate goal, you see, is to tell you about profit opportunities like this one before they occur.
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After 100 Years of Service, IBM Corp. (NYSE: IBM) Is Still a 'Buy'
IBM Corp. (NYSE: IBM) has provided information technology (IT) products and services worldwide for 100 years, making it the very definition of a blue-chip stock.
And when the market gets weak and starts to show signs of volatility, it usually is the blue-chip stocks that are the strongest in the pack.
So with the markets going through a bit of a rough patch, let's look for an opportunity to pick up shares of IBM during any pullbacks (**).
Four Reasons to Buy IBMThere are four big reasons why I like IBM right now:
- It's 100 years old, so you know it's stable.
- The company generates $100 billion in sales, which is a level few companies ever reach.
- IBM has an unleveraged balance sheet with $40 billion in gross profits.
- And the stock is relatively strong, as it's currently trading near its 52-week high, even as the greater market declines.
In high growth periods, stocks like IBM fail to keep up - but in uncertain times, they really shine.
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