10 Stocks You Shouldn't Throw Away
OptionsZone Experts, March 19, 2009
Free Trading Guides
-
IBM (IBM)
Shares of Big Blue sung the blues in 2008, but that's no reason to feel sad about the company's future prospects. The IT giant is still the premier global technology services firm, and that's not likely to change just because the world's economy is in a funk. Having weathered numerous economic downturns during its nearly 100-year history (including the Depression years) there is no reason to suspect that IBM (IBM) won't be able to weather the current economic storm.
The computing landscape is always changing, and companies that adapt to that change are going to be the ones that survive. A big part of successful adaptation is having the capital and the resources at hand to make the necessary adjustments, and no company has proven more adept at adaptation than IBM.
More By This Expert
Houghton and Atkeson
Looking into June, the market should begin refocusing on upcoming earnings reports for evidence the economy is gaining momentum.
Watching the Treasury's Actions
In the short-term, the government's bond auction is likely to be a key driver of stocks.
Treasury Auction Boosts Market
The Treasury's auction of two-year notes brought an upside surprise which should alleviate fears of a lack of demand for U.S. paper.
Credit Markets Point to Upturn
The credit market, a reliable indicator of equity direction, suggests we will break out of the SPX's trading range to the upside.
The market seems to be saying that a 30% move up from the lows is ahead of the real economy and the market needs to allow the economy to catch up.
