IBM Rides Barron’s Wave (IBM)

Posted in pre-market 
December 28th, 2009

International Business Machines Corp. (NYSE: IBM) was the cover story in Barron’s this weekend called “Smart Play.” Barron’s noted, “For an industry elder, IBM has the energy of a kid. The company’s stock has surged 54%, profits have risen, margins are higher and its strategy looks strong. So why don’t more investors feel the love?.”  At 8:05 AM EST we have only seen about 4,000 shares trade and the stock’s pre-market trading was up 0.8% at $131.60.  The 52-week trading range is $79.68 to $130.57.  In short, this will mark another 52-week high for Big Blue.

JON C. OGG

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