Featured StoryThe stock market today got the third quarter, and second half of the year, off to a strong start with all three benchmarks logging gains right out of the gate. Shortly after the open, the Dow Jones Industrial Average jumped 104.61, or 0.70%, to 15,014.21. The Standard & Poor's 500 Index climbed 13.57, or 0.84%, […] Read More...
IBM Corp. (NYSE: IBM)
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?
Tech Stocks On the Move Today: SanDisk Corp. (Nasdaq: SNDK), Yahoo Inc. (Nasdaq: YHOO), IBM Corp. (NYSE: IBM)
Stocks tumbled Wednesday due to investor unease, and contributed to slips in tech stocks including SanDisk Corp. (Nasdaq: SNDK), Yahoo! Inc. (Nasdaq: YHOO) and IBM Corp. (NYSE: IBM).
Markets fell after minutes from the U.S. Federal Reserve meeting released Tuesday signaled no new stimulus from Team Bernanke.
The Fed believes the U.S. economy is improving well enough on its own and does not need... Read More...