If IBM's ~4% premarket drop holds up after its Q3 revenue miss, the stock's results would bode ill for the overall market in the coming weeks, Bespoke analysts say. Since 2001, IBM’s one-day stock move in reaction to earnings has been directly correlated to the S&P 500’s move over the ensuing five weeks about 75% of the time, including the last four quarters.
If IBM's ~4% premarket drop holds up after its Q3 revenue miss, the stock's results would bode...
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