Stock Market & Economic Analysis - Unbiased, Objective, and Slightly Rebellious

Feb
26

IBM Lifts Dow

By Chuck
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IBM announces stock buyback in 2008 around $12 billion (over 9% of market cap), and says that will add up to $0.5 EPS for ‘08.  The share price spiked up, lifting the Dow, along with a few other major "tech" stocks.  Oil is back over $100 a barrel.  Options for oil expire today, futures on Friday, so expect volatility in energy stocks.

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