Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  International Business Machines Corporation    IBM

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Stocks Steady as Economic Concerns Ease

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/10/2017 | 05:26pm CEST
By Riva Gold and Alexander Osipovich 

U.S. stocks edged up as government bond markets showed signs of stabilizing after a recent selloff.

The Dow Jones Industrial Average rose 11 points, or less than 0.1%, to 21426. The S&P 500 rose 0.1% and the Nasdaq Composite added 0.2%.

Technology shares, which have bounced around over the past month, climbed 0.6% in the S&P 500. Microsoft shares added 0.7%, while International Business Machines gained 0.4%.

In bond markets, 10-year Treasury yields fell to 2.375%, according to Tradeweb. That was down from 2.393% on Friday, the highest level in nearly two months. In Europe, the 10-year government bond in Germany, which was the center of the recent selloff, fell by 0.02 percentage points to 0.547%. Yields move inversely to prices.

Traders said the recent price declines made the bond market appealing to some investors. Signs of tighter monetary policy ahead had put pressure on government bond markets around the world over the past two weeks.

Central banks are likely to remain in focus this week, with the Bank of Canada widely expected to raise rates for the first time in seven years and Federal Reserve Chairwoman Janet Yellen set to offer semiannual testimony before congressional committees on Wednesday and Thursday.

The U.S. second-quarter earnings season will also begin in earnest with investors expecting a roughly 6% gain in earnings per share across the S&P 500, according to CFRA Research.

Investors are largely holding their fire until companies start releasing results, leading to quiet trading as markets opened this week, said Karyn Cavanaugh, senior market strategist at Voya Investment Management. "It's jockeying for position ahead of earnings season," she said.

The Stoxx Europe 600 rose 0.5%. Equity markets were broadly higher in Asia after a strong U.S. jobs report Friday boosted the dollar and U.S. stocks, particularly shares of financial companies.

Japan's Nikkei Stock Average rose 0.8% after closing at its lowest level in three weeks on Friday. Hong Kong's Hang Seng added 0.6% as index heavyweight HSBC advanced, while Australia's S&P/ASX 200 rose 0.4%, spurred by gains in bank stocks.

The start of trading was delayed in both India and Indonesia on Monday morning for what is being said were separate technical issues. Investors seemed unmoved as India's Sensex stock index climbed to record highs, rising 1.1%. Indonesia's JSX edged down 0.7%.

Write to Riva Gold at [email protected] and Alexander Osipovich at [email protected]

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.11% 25154.09 Delayed Quote.1.62%
HANG SENG -0.21% 28122.75 Real-time Quote.-4.68%
INTERNATIONAL BUSINESS MACHINES CORPORATION -0.05% 143.46 Delayed Quote.-6.47%
NASDAQ 100 -0.21% 7390.765 Delayed Quote.15.31%
NASDAQ COMP. -0.15% 7844.7446 Delayed Quote.13.36%
NIKKEI 225 0.43% 22794.19 Real-time Quote.-0.74%
S&P 500 0.40% 2809.55 Real-time Quote.4.67%
S&P/ASX 200 0.67% 6245.1 Real-time Quote.3.35%
SENSEX 30 -0.40% 36373.44 Real-time Quote.6.66%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on INTERNATIONAL BUSINESS MAC
03:08pINTERNATIONAL BUSINESS MACHINES : M2090-732 IBM SPSS Module Exam – Recomme..
AQ
02:33pINTERNATIONAL BUSINESS MACHINES : Investors Watch IBM for Sales Bump as Enterpri..
DJ
02:24pINTERNATIONAL BUSINESS MACHINES : IBM, Columbia University to Establish Blockcha..
AQ
01:06pINTERNATIONAL BUSINESS MACHINES : IBM and Colombia University establish centre t..
AQ
07:21aINTERNATIONAL BUSINESS MACHINES : IBM backs dollar pegged 'stable coin' crypto
AQ
07/17INTERNATIONAL BUSINESS MACHINES : Workshop on Cyber Security
AQ
07/17INTERNATIONAL BUSINESS MACHINES : Ghana Plans to Partner with IBM for Blockchain..
AQ
07/17INTERNATIONAL BUSINESS MACHINES : Riyadh City Picks IBM to Integrate Blockchain ..
AQ
07/17INTERNATIONAL BUSINESS MACHINES : Mega data breaches cost megabucks, says IBM
AQ
07/17INTERNATIONAL BUSINESS MACHINES : IBM uses AI Watson tech to develop a new algor..
AQ
More news
News from SeekingAlpha
08:18aHow IBM Cloud Is Superior To Amazon AWS 
07/17Notable earnings after Wednesday?s close 
07/17IBM partners on new digital stable coin 
07/17Fed Delivers Semi-Annual Monetary Policy (Wall Street Breakfast Podcast) 
07/17WALL STREET BREAKFAST : Powell Heads To Capitol Hill 
Financials ($)
Sales 2018 80 470 M
EBIT 2018 14 405 M
Net income 2018 10 696 M
Debt 2018 31 915 M
Yield 2018 4,28%
P/E ratio 2018 12,32
P/E ratio 2019 11,69
EV / Sales 2018 2,03x
EV / Sales 2019 2,00x
Capitalization 132 B
Chart INTERNATIONAL BUSINESS MAC
Duration : Period :
International Business Mac Technical Analysis Chart | IBM | US4592001014 | 4-Traders
Technical analysis trends INTERNATIONAL BUSINESS MAC
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 26
Average target price 165 $
Spread / Average Target 15%
EPS Revisions
Managers
NameTitle
Virginia M. Rometty Chairman, President & Chief Executive Officer
James J. Kavanaugh Chief Financial Officer & Senior Vice President
John E. Kelly Senior VP-Cognitive Solutions & Research
Martin Jetter SVP-Global Technology Services
Sidney Taurel Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
INTERNATIONAL BUSINESS MACHINES CORPORATION-6.47%131 719
ACCENTURE9.79%113 283
TATA CONSULTANCY SERVICES48.15%111 846
VMWARE, INC.23.77%63 108
AUTOMATIC DATA PROCESSING17.01%60 510
COGNIZANT TECHNOLOGY SOLUTIONS16.50%48 477