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Stock Market News for Jan 19, 2011 - Market News
Wednesday, January 19, 2011 - 10:15am | 1488Investors' optimism helped markets close higher as stocks continued to gain momentum after an upbeat manufacturing report released by the Federal Reserve Bank of New York. The report helped energy and material share prices to go up despite weak Citigroup results and sliding prices of Apple (NASDAQ...
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IBM Beats on Strong Revenues - Analyst Blog
Wednesday, January 19, 2011 - 10:09am | 1656International Business Machines Corp. (IBM) reported strong fourth quarter 2010 earnings, beating the Zacks Consensus Estimate by a dime. This solid result was primarily driven by continued margin expansion in the quarter, based on better than expected revenue performance by Hardware and Software...
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Company News for January 19, 2011 - Corporate Summary
Wednesday, January 19, 2011 - 10:09am | 939• Apple (NASDAQ:AAPL) reported estimate-topping sales and earnings, also guiding higher for the fiscal second quarter. Fiscal first quarter earnings of $6.43 is well ahead of the Zacks Consensus Estimate of $4.46 on revenues of $26.7 billion ahead of Zacks Consensus Estimate for $20.731 billion • ...
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Trading Plan for Jan 19, 2010
Wednesday, January 19, 2011 - 9:10am | 704Current Long Positions (stop-losses in parentheses): None Current Short Positions (stop-losses in parentheses): GLD (136.40) BIAS: 7% Short Economic Reports Due Out (Times are EST): MBA Purchase Applications (7am), ICSC-Goldman Store Sales (7:45am), Housing Starts (8:30am) My Observations and What...
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Piper Jaffray Raises Its Price Target on Apple (AAPL)
Wednesday, January 19, 2011 - 8:59am | 113Piper Jaffray is out with its research report today on Apple (NASDAQ: AAPL) raising its price target from $438 to $483. In its note to clients, Piper Jaffray writes, "Overall y/y revenue growth accelerated for the fifth quarter in a row to 71% (despite anniversarying a tough y/y comp). In addition...
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Citi Comments On Apple's Stellar Quarter
Wednesday, January 19, 2011 - 8:39am | 184Citi is reiterating its Buy on Apple (NASDAQ: AAPL) shares and raising the 12- month target from $390 to $415 to reflect a significant increase in earnings estimates. Citi is raising iPhone, iPad and Mac estimates for 2011 and 2012. The company enjoyed good growth in all product categories (except...
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Citi Raising Price Target On Apple (AAPL)
Wednesday, January 19, 2011 - 8:35am | 177Citi Investment Research is raising its price target on shares of Apple Inc. (NASDAQ: AAPL) to $415 from $390 after it reported better than expected earnings yesterday. It has a Buy rating on shares. In a note to clients, Citi writes, "We are reiterating our Buy on AAPL shares and raising our 12-...
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Piper Jaffray Raises PT On Apple
Wednesday, January 19, 2011 - 8:32am | 27Piper Jaffray has raised the price target on Apple, Inc. (NASDAQ: AAPL) from $438 to $483 and maintains its Overweight rating.
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JP Morgan Raises PT On IBM
Wednesday, January 19, 2011 - 8:21am | 28JP Morgan has raised the price target on International Business Machines (NYSE: IBM) from $150 to $166 and maintains its Overweight rating.
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Goldman Sachs Raising Price Target On IBM After Earnings (IBM)
Wednesday, January 19, 2011 - 8:21am | 150Goldman Sachs raised its price target on shares of International Business Machines Corp. (NYSE: IBM) to $155 from $150 after the company reported better than expected earnings. It has a Neutral rating on shares. In a note sent to clients, Goldman writes, "IBM reported solid fourth quarter results...
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JP Morgan Raises PT On Apple
Wednesday, January 19, 2011 - 8:20am | 27JP Morgan has raised the price target on Apple, Inc. (NASDAQ: AAPL) from $420 to $450 and maintains its Overweight rating.
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Deutsche Bank Positive On Accenture (ACN)
Wednesday, January 19, 2011 - 8:17am | 103Deutsche Bank is positive on Accenture Plc (NYSE: ACN) after IBM (NYSE: IBM) reported earnings yesterday. It has a Buy rating and a $56 price target on shares. In an to clients, Deutsche Bank writes, "IBM is Accenture's closest peer within the global consulting and IT Services segment. Last night...
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Citigroup Raises PT On Apple
Wednesday, January 19, 2011 - 8:12am | 26Citigroup has raised the price target on Apple, Inc. (NASDAQ: AAPL) from $390 to $415 and maintains its Buy rating.
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Citigroup Raises PT On IBM
Wednesday, January 19, 2011 - 8:09am | 28Citigroup has raised the price target on International Business Machines Corp (NYSE: IBM) from $160 to $175 and maintains its Buy rating.
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US Stock Futures Slightly Down As Investors Await Goldman Results, Apple Reports Strong Earnings
Wednesday, January 19, 2011 - 8:02am | 404US stock index futures are slightly lower this morning after strong earnings report from Apple Inc (NASDAQ: AAPL). Investors are awaiting results from Goldman Sachs Group Inc (NYSE: GS). Futures on the Dow Jones Industrial Average dropped 3 points to 11,808.00, while S&P 500 futures declined 2....