IBM (IBM) sells middleware software and technology services such as outsourcing and integration to large and medium sized businesses worldwide, and competes with firms like Oracle (ORCL) and Red Hat (RHT). IBM is also among the global leaders in business systems and competes with hardware vendors like Hewlett-Packard (HPQ) and Dell (DELL) in the server market as well as firms like EMC (EMC) and NetApp (NTAP) in the storage market.
In a recent development, IBM announced the launch of a new software and consulting service targeted at helping companies swiftly adapt to rising customer demands in today's digitally transformed marketplace. The firm chooses to call this new emerging category "Smarter Commerce," keeping in line with its Smarter Planet initiative. We have earlier discussed IBM's focus on its Smarter Planet initiative and how the firm stands to benefit from it. (See IBM's Smarter Planet Initiatives Lay Groundwork for Growth.)
Continue reading IBM Smells Opportunity in CRM with Launch of Smarter Commerce Initiatives
- Cree (CREE) and Rubicon Technology (RBCN) to buy from neutral at Merriman.
- Children's Place (PLCE) to outperform from market perform at BMO Capital.
- Lockheed Martin (LMT) to neutral from underperform at BofA/Merrill.
- Copano Energy (CPNO) to outperform from market perform at Morgan Keegan.
- Motorola Mobility (MMI) to neutral from reduce at Nomura.
- Parker-Hannifin (PH) to buy from hold at KeyBanc.
- Akamai (AKAM), ShoreTel (SHOR), AMB Property (AMB) and ProLogis (PLD) to buy from hold at Stifel Nicolaus.
Continue reading Analyst Calls: AAPL, AEO, CREE, DELL, HPQ, IBM, LMT, MMI, MYGN, PH ...
IBM (IBM) sells middleware software and technology services such as outsourcing and integration to large and medium-sized businesses worldwide, and competes with firms like Oracle (ORCL) and Red Hat (RHT). IBM is also among the global leaders in business systems and competes with hardware vendors like HP (HPQ) and Dell (DELL) in the server market, as well as storage firms like EMC (EMC) and NetApp (NTAP) in the storage market.
Continue reading The Impact of Increased Tech Spending on IBM
As some of you may know, I own Microsoft Corporation (MSFT). I've discussed my position before. It's been a tough ride with this one. And I'm sure I'm not alone in terms of such opinion.
Microsoft has a reputation for being a frustrating stock. It looks like a value; it seems as if it should be trading higher. But as soon as you purchase the shares, they oftentimes disappoint. At least, that's been my experience.
Continue reading Is Microsoft's Price Action Encouraging?
Oh dear. Did you catch the price action in Hewlett-Packard Company (HPQ
)? Somewhat hard to miss, I would imagine. Unless you purposely avoid stocks that are down 10%.
At the time of this writing, shares of the PC maker were actually down well over 10% to $43.09. And talk about volume! It's multiple times the 30-day average. I have a feeling the market is trying to say something to management. Even with all the other macro concerns that Wall Street is dealing with, shareholders of Hewlett-Packard have to pay attention to this move.
Continue reading Hewlett-Packard Down Big After Latest Report
Another day of tech concerns took the markets lower during earnings
season. Consumer confidence was higher and jobless claims were lower and the dollar was trying to show some strength. Still, housing data was mixed and inflation was picking up in the Philadelphia Fed report this morning. The biggest issue today is that many of these stocks were just up too much ahead of earnings. Despite the caution, the DJIA and S&P500 were close to and even above the red-line for part of the day.
Here were today's unofficial closing bell levels:
Dow Jones 11,822.80 -2.49 (-0.02%)
S&P 500 1,280.26 -1.66 (-0.13%)
Nasdaq 2,704.29 -21.07 (-0.77%)
Top Analyst Upgrades & Downgrades
7 Big Stocks At All-Time Highs
Continue reading Closing Bell: Tech Giveth, Tech Taketh Away (DDS, FFIV, FDO, HPQ, MS, PLXS, WEN)
Economies go in cycles. They push to their breaking points, then move in the opposite direction. We saw it clearly in the '90s when there was no end to up (except there was and we abruptly hit it in 2000). In 2008, it felt like there was no end to down. But we now know there is. Things are picking up, and there are numbers to prove it.
Don't be the last to figure out we're in an economic recovery. Sitting on the sidelines, waiting for one more chance to buy a stock at the bargain price you saw in March of 2009 isn't going to happen. Times have changed. The U.S. economy is on the mend.
Continue reading Comfort Zone Investing: Can You Feel the Pendulum Swinging?
- Hewlett-Packard (HPQ) to buy from neutral at UBS.
- Fluor (FLR) to overweight from neutral at JPMorgan.
- Macy's (M) to outperform from neutral at Credit Suisse.
- Canadian Solar (CSIQ), JA Solar (JASO) and HeartWare (HTWR) to buy from hold at Auriga.
- Ashford Hospitality (AHT) to outperform from market perform at FBR Capital.
- RenaissanceRe (RNR) to buy from neutral at Janney Capital.
- DCT Industrial (DCT) to market perform from underperform at Wells Fargo.
- Coeur d'Alene Mines (CDE) and Silver Standard (SSRI) to buy from hold at Deutsche Bank.
- Weatherford (WFT), Hercules (HERO), GulfMark Offshore (GLF), Tidewater (TDW) and GlaxoSmithKline (GSK) to buy from hold, and Diamond Offshore (DO) to hold from underperform, at Jefferies.
- Ritchie Bros. (RBA) to buy from neutral at BofA/Merrill.
- AstraZeneca (AZN) to buy from hold at Citigroup.
Continue reading Analyst Calls: AA, AMD, AMR, AZN, CIT, GSK, HPQ, M, NVDA, PCX, SPWRA ...
Wednesday was the last full day for most of those who are still working this week. Trading volume has already begun to lighten up but we still had several key movers on the day. Retail sales were up at the last minute for those finishing their shopping, GDP revisions for Q3 came in at 2.6% versus a prior 2.5% growth reading, and existing home sales rose by 5.6% in November with an annual sales pace of 4.68 million units.
Here were today's unofficial closing bell levels:
Dow Jones 11,559.49 +26.33 (0.23%)
S&P 500 1,258.83 +4.23 (0.34%)
Nasdaq 2,671.48 +3.87 (0.15%)
Continue reading Closing Bell: Thinning the Holiday Trading Herd (ENZN, NKE, JPM, AIB, HPQ, AAPL, SIRI)
One of the big themes in technology for 2010 has been the scramble to buy up data storage companies. Perhaps the most interesting transaction was the bidding war for 3Par. HP (HPQ) paid a premium price to beat out Dell (DELL).
As margins on PCs and laptops continue to fall, the large computer makers are trying to find ways to boost margins. And data storage products are a key way to do this.
Continue reading Dell Strikes a Deal for Compellent
Riverbed Technology (RVBD - option chain) shares are rising today on reports that the company is in negotiations to buy Radware (RDWR) for $47 per share. Rival Hewlett-Packard (HPQ) reportedly has offered $45 per share for RDWR. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on RVBD.
RVBD opened this morning at $35.50. So far today the stock has hit a low of $34.58 and a high of $36.91. As of 12:20, RVBD is trading at $34.99 up 0.17 (0.5%). The chart for RVBD looks neutral and S&P gives RVBD a neutral 3 STARS (out of 5) hold ranking.
Continue reading Riverbed Enters Bidding War Against Hewlett-Packard
Some may think that this was a full day for investors. It wasn't. Many investment professionals were still heading back after a long Thanksgiving weekend. Overseas markets were soft and many question the bailout in Ireland. Oil rose on the day after dollar weakness and the U.S. markets managed a serious comeback after dollar weakness that almost took markets from deep in the red-zone to almost positive before late-day sellers showed up. Maybe that DJIA 11,000 matters after all...
Here were today's closing bell levels:
Dow Jones 11,052.49 -39.51 (-0.36%)
S&P 500 1,187.76 -1.64 (-0.14%)
Nasdaq 2,525.22 -9.34 (-0.37%)
Continue reading Closing Bell: A Bounce Off of Support? (AMRN, IRE, BP, HPQ)
Hewlett-Packard Company (HPQ) was up 2% to $44.19 at the close of today's bell. Unfortunately, that wasn't too close to the 52-week high of $54.75. Then again, it was comfortably above the 52-week low of $37.32. And, volume was super-strong.
Alas, the chart doesn't look too appealing, does it? The equity seems to be in a downtrend, and while traders might be able to make some money, long-term believers had no choice but to consistently add on the dips to improve the cost basis.
Continue reading Hewlett-Packard in the Green After Earnings Report
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