IBM, one of the priciest and therefore one of the most important stocks in the price-weighted Dow index tried its best to warm things up on Wall Street. The world`s largest technology services company reported better-than-expected earnings in its latest quarters. It made $6.13 a share. That`s 14 cents better than the forecast.
But the good news sort of ended there. Josh Lipton reports from Silicon Valley with more on IBM`s earnings and Dan Morgan, senior portfolio manager at Synovus Trust explains why “Big Blue” is still on his buying list.