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  • Is IBM Showing Wider Market Problems? 0 comments
    Feb 6, 2013 12:45 PM

    Yesterday, the markets surged higher, gaining almost 1% across the board. While the markets were strong, International Business Machines Corp. (NYSE:IBM) fell. Today again, the market is flat to positive but IBM is trading at $200.84, -1.10 (-0.54%). So why is IBM falling when the market is so strong? Is it speaking to a wider issue in the market?

    Just two weeks ago, IBM reported solid earnings. The stock jumped from $194.47 to a high of 208.58. Since that point, it has given back over 50% of those gains. Is it possible the global presence of IBM is showing us major problems still in Europe and China? As a general rule, watch the leaders in the Dow Jones Industrial Average like IBM as well as JPMorgan Chase & Co. (NYSE:JPM). Also watch the leaders in the S&P 500 and the NASDAQ. They will show the weakness prior to the market pulling back.

    Gareth Soloway
    InTheMoneyStocks

    Themes: IBM
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