A little before 11am EST IBM (IBM) announced that its board had authorized a $15 billion share buyback and that it plans buy back about $12 billion in stock in 2008.
The announcement led to a jump in IBM stock (IBM Intraday Chart) and the entire market (S&P Intraday Chart).
Disclosure: Top Gun has no position in IBM (IBM) shares.
Man was it hot today. According to weather.com the high for today out here in Granite Bay was 113! And I sure felt it. I have to say that this kind of heat really puts me in a bad mood. …
It’s another hot one today – 105 right now, according to weather.com, and heading up to 108 later today. A good time, then, to continue our analysis of how to profit from the heat. One thing that was left out…
Netflix reported earnings after the close yesterday (Monday July 24) and proceeded to get hammered in after hours trading for what seem to me insufficent reasons. The stock was down about $5 today, about 21% of it’s market capitalization, to…
I speak, of course, of Whole Foods Market (NASDAQ: WFMI) and it’s businessman-philosopher CEO John Mackey. Whole Foods reported it’s fiscal 3rd quarter after the close today (Mon July 31) and is trading at 52 week lows in after hours…
Whole Foods (NASDAQ: WFMI) was down $6.76, or 11.75%, today on extremely heavy volume – 16 million of the 140.712 million outstanding shares amounting to 11.4% of the company changed hands today. That knocked another $500 million off the company’s…
Cisco Systems (NASDAQ: CSCO) today reported 4th quarter and fiscal year 2006 results that were positively received by Wall Street. The shares jumped $2.49 to $19.78, a more than 14% increase, as 221.6 million shares, 3.64% of the company, traded…