Seeking Alpha

If IBM's ~4% premarket drop holds up after its Q3 revenue miss, the stock's results would bode...

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.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs