With the number of IPO-filings (Nasd and NYSE)increasing by the week, we can see better time ahead for TZ. Hold tight to your precious 'commodity' Ready, set, ... !
Saw this on an old book, today:
'The pessimist see difficulty in every opportunity.
'The optimist see opportunity in every difficulty'
have fun!
----------------------------------------- Latest news - IBM bettered analyst's f/c.
NEW YORK (Reuters) - Stocks jumped on Wednesday after Intel Corp (INTC.O: Quote, Profile, Research), JPMorgan Chase & Co (JPM.N: Quote, Profile, Research) and other blue chips reported quarterly results that lifted investors' spirits after a string of recent disappointments.
The Dow and the S&P 500 were up more than 1 percent each, while the Nasdaq was up 2 percent.
JPMorgan, the third-largest U.S. bank, reassured investors by saying it has a strong capital position and "solid business momentum" and posting earnings per share that exceeded the average analyst forecast. But even JPMorgan, one of the strongest U.S. banks, gave a bleak outlook for the economy and capital markets.
Investors snapped up tech stocks after Intel, the world's largest chip maker and a Dow component, reported revenue just above market expectations late on Tuesday and affirmed its full-year profit margin target. Coca-Cola Co (KO.N: Quote, Profile, Research), another Dow stock, reported results that beat analysts' expectations, citing a favorable currency translation that lifted revenue.
Companies such as Intel that do a lot of business overseas and companies that do not necessarily need access to financing are doing well, said Chris Orndorff, managing principal and head of equity strategy at Payden & Rygel in Los Angeles.
"People are maybe looking at what's priced into the market, which is a very pessimistic outlook, and I think they're also looking at valuations and saying a lot of bad news is already priced in," he said. the S&P 500. ......
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IBM profit rises on services, software strength Wed Apr 16, 2008 4:24pm
SAN FRANCISCO (Reuters) - International Business Machines Corp (IBM.N: Quote, Profile, Research) reported higher-than-expected quarterly earnings on Wednesday despite a weakening U.S. economy, helped by strong revenue from technology services and consulting, sending its shares higher.
First-quarter net income rose 26 percent to $2.32 billion, or $1.65 per share, from $1.84 billion, or $1.21 per share, a year earlier. Revenue grew 11 percent to $24.5 billion from $22 billion. Currency gains contributed seven percentage points to revenue growth.
Analysts, on average, expected profit of $1.45 per share and revenue of $23.7 billion, according to Reuters Estimates.
IBM, the world's largest technology-services company, said in February that strong fourth-quarter growth in services contracts lasting a year or less was paying off. IBM said those benefits gave it more confidence in its U.S. business, even as other technology companies were seeing weaker spending amid concern over the U.S. economy.
IBM shares, seen as a safe haven by many investors, have added almost 10 percent this year compared with the Dow Jones Industrial index's .DJI 6.8 percent decline and the Nasdaq Composite Index's .IXIC 14 percent drop through Tuesday. IBM trades at about 14 times expected 2008 earnings per share compared with about 13 for competitor Hewlett-Packard Co (HPQ.N: Quote, Profile, Research).
(Reporting by Philipp Gollner, editing by Phil Berlowitz)
TZL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
