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Phil Renwick | February 19, 2012
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IBM Gets A Buy Recommendation

The firm Stern Agee begins coverage of the title Fellow of International Business Machines (IBM) with a buy recommendation supported a target of 230 USD, implying a potential yield of 19% over current of about 193 USD.

Such a target of 230 USD is based on a multiple price / earnings ratio of only 13.5 times earnings per share of 17.00 USD expected for fiscal 2013. The analyst Shaw Wu of Stern Agee also expressed the view that the goal of IBM to deliver earnings per share of $ 20.00 in 2015 remains in the realm of possibility.

Last November, the well-known investor Warren Buffett announced it had acquired 5.5% of the shares of computer giant has accumulated its position since March 2011. This online portfolio is equivalent to 64 million shares, and is a total investment of 10.7 billion USD, according to a unit price of about $ 170 share.

At the end of October 2011, International Business Machines (IBM) had announced an increase in its share buyback program for cancellation, mentioning provide a new authorization request to the Board to this effect in April 2012. Indeed, Warren Buffett said to appreciate the fact that the company as much money back to shareholders.

The market capitalization of software giant now stands at nearly 224 billion USD. The share price has traded in a range between $ 151.71 and $ 194.90 US US in the last year
Category: Stocks | Tags: , ,
Phil Renwick | February 3, 2012
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Markets Hold High Whilst Futures Prices Rate Downwards

While European markets take a break today after new highs at the start of session, the Dow Jones is expected to open slightly lower than 0.1% this afternoon. Operators should therefore opt for caution before the President’s speech at the Federal Reserve, even if the statistics of the day are a little better than expected. The weekly jobless claims came out at 367K while the market waited for 373K and productivity increased by 0.7% while the consensus is 1%.
DOW JONES index finished the session up 0.66% at 12,716 points.

Technically, an upward bias is currently privileged Hourly Data above 12,670 points, crossing of moving averages 20 and 50 hours. In the very short term, then monitor the output of 12670/12780 points to act in one way or the other. A top out of this range would indeed require the rallying points 12830/12875 fast. In contrast, under the 12,670 points, there should be the beginning of a consolidation towards 12,560 points and 12,475 points.

Futures prices this morning have slightly reduced their lead to 14:30 after the release of the ADP survey in the private sector below expectations. 170K jobs were created while the consensus is 189K. At 16h, will still be released the ISM manufacturing index and construction spending, and oil stocks at 16.30.
The U.S. index that finished down slightly from 0.16% to 12,632 points yesterday, is now expected to rise 0.5%.

Technically, the DOW JONES is horizontal consolidation phase for several sessions within the trading range 12560/12710 points. A top out of the zone of indecision would require buy-fast 12,760 points and 12,830 points. In contrast, under the 12,560 points, we can probably expect a downward acceleration with 12,475 points and 12,315 points in sight.
Category: Finance | Tags: , , ,
Phil Renwick | November 18, 2011
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US Makets have suffered for the second straight session

US Makets have suffered for the second straight session of a heavy correction on the eve of triple witchng. This decrease was inspired by the fear of contamination of the European debt crisis to Wall Street.

A more credible scenario that rates have greatly strained throughout Europe (except France, where the ‘spread’ with Germany fell by 30pts-base after setting a record 200 bps).

The correction action was accompanied by a relapse of -3.7% of the price per barrel to $ 98.75.
Oil has been affected by the publication of an index ‘Philly FED’ (activity in the Philadelphia area) in unexpected contraction of 8.7 to 3.6 this month, against a consensus of 9 expected by economists .

With a wave of redemptions of short, indices resumed US 0.3% over the last 2 minutes of the session and 0.5% in the last quarter of an hour. Fortunately, because if Wall Street would have posted an overall loss greater than -2%. The Dow Jones lost to 9:45 p.m. 220Pts not yielded more than 135 Quote.The ‘S & P fell by -1.7% (instead of -2.2% to 9:30 p.m.) but does not preserve the very important support 1.220Pts and the Nasdaq lost -1.95% in 2588 (against 2.576Pts to 7:30 p.m.). The Nasdaq Composite was down significantly the MM100 (2.615Pts, a level that coincides with the former floor of June 17) and even the MM50 (2.590Pts).

The S & P 500 designs over the past 3 weeks a threefold decline in the top 1.285/1.275/1.265Pts: the breaking of the MM100 (1.225Pts) followed by a slide in 1.219Pts (formerly Zenith 1 and September 16) a valid clearly distressing scenario.

While some Chartists believe that the sinking of the ‘key levels’ mentioned above is the line thickness, do not forget that without the recent rebound in 2 minutes already mentioned, the signals would bear suffered ‘no ambiguity.
Category: Stocks | Tags: , , , ,
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