<< Read Full Article
<< Read Full Article
SAN FRANCISCO -- Investors and analysts expect a solid performance from Big Blue Wednesday, despite the slowing economy.
Tech giant IBM(IBM Quote) is set to report first-quarter earnings after the closing bell.
"We remain constructive on the stock," Hester Capital Management portfolio manager John Gunthorp, who six months ago was bullish on IBM, said Tuesday. "We are anxiously awaiting their earnings.
"Through the fourth quarter of last year looking back, the company is generating improving return on investment," Gunthorp explained. During the final quarter of 2007, IBM had the highest level of ROI during its past 10 years, he added. "That makes us comfortable with the stock." ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
Connect with TheStreet