IBM heads into earnings on expected revenue gain, analyst optimism
Software and cloud growth are expected to be key in turning around several quarters of revenue declines at International Business Machines Corp. when Big Blue reports results Thursday.
IBM IBM, +0.57% is scheduled to report fourth-quarter results after the closing bell on Thursday, the first with recently installed Chief Financial Officer James Kavanaugh.
Over the quarter, analysts have become more optimistic about IBM as they see the Dow Jones Industrial Average DJIA, +1.25% component beginning to turn the corner into a stronger position in software and cloud services from its mainframe roots.
IBM Earnings Preview: Declining Revenue Streak Could Be Over
On today’s episode of the Tech Talk Tuesday podcast, Ryan McQueeney previews the upcoming earnings report from IBM (IBM ) and highlights several key estimates that suggest the company’s streak of declining revenues could finally be over.
IBM has reported a year-over-year decline in total revenues in 22 consecutive quarters. However, when the company reports its Q4 results on Thursday, the Zacks Consensus Estimate is calling for total revenues of $21.96 billion, which would actually represent year-over-year growth of about 0.87%.
Cryptocurrency prices steady with ripple bouncing back 30% after ‘severe’ sell-off
Major digital currencies recovered slightly on Thursday, after a two-day sell-off saw the world’s biggest cryptocurrency bitcoin lose more than 50 percent of its value.
Bitcoin and ethereum — the first and second largest virtual currencies by market value — appeared to stabilize after Wednesday’s lows.
Bitcoin fell as low as $9,199.59 on Wednesday morning, but bounced back to $11,218.84 as of Thursday at 5:40 a.m. ET, according to CoinDesk.
Ethereum on the other hand dived below the $800 mark to a three-week low of $780.92 Wednesday, but lifted to $1,004.43 the following day at about 5:40 a.m. ET. It was still down 1 percent in the last 24 hours.
Today's Trade of the Day | 1-18-18
BITCOIN showing a head and shoulders bullish reversal pattern on the sixty minute chart. $13,200 is the target. Stop loss below $10,800.
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S&P 500 Heatmap
Stocks to Trade | Thursday Edition 1-18-18
Bullish Momentum: LRCX, TXN, AMAT, BA, BZUN, MU, BBY, PYPL, TGT
Bearish Momentum: exas, gs
Bullish Order Flow: KSS, NKTR, STX, TGT, OSTK, UAL, TSCO, NVDA, CAH, TXN, LOW, BBY, CAT, NFLX, UPS, EOG, CVS, ADBE, DE, MAR, PYPL, COF, LYB, CVX, DG, AMZN, MCK, HD, UNP, UTX, MA, V, JPM, DLTR, CRM, HON
Bearish Order Flow: eix, aep, d, duk, dish, amt
Double Normal Volume: JUNO, EXAS, IBM, BA, GS, LRCX
Inside Days: msft, mrk, jpm, nvda, cvs, tgt, atvi, dal, met, hes, cat, low, crm, lly, ups, cah, kss, ccl, esrx, hon, aal, adbe, rost, cost
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