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  • Wall Street Breakfast: Must-Know News [View article]
    If you run a transcript search for "consumer spending" to check what other companies are saying, you'll see that the results are interesting, and by no means all negative:
    seekingalpha.com/searc...
    Jul 22 09:34 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    IBM's in-line EPS + revenue miss is a big deal, because this is a company which is expert at smoothing EPS to meet consensus, but revenue is less easy to control. In other words, this is a significant miss.

    Given the size of IBM, this probably indicates that the tech sector is less strong than the recent results from INTC and ORCL suggested. Given the weakness in the stocks of other tech leaders (eg. GOOG), it makes me more cautious about tech overall.

    Note also that IBM will have a meaningful impact on the Dow today: seekingalpha.com/news/...
    Jul 20 09:39 AM | 8 Likes Like |Link to Comment
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