This Dow surged through 23,000 in the US overnight- on the back of an ongoing recovery in Europe, China and the US. Couldn't be better news for Aconex. The commentary:
What are strategists saying?
“So far, earnings have beat expectations. I think that the most important thing economically that has happened this year is the clear, sustainable recovery occurring in Europe.
We’re getting confirmation of that with almost every economic release. Europe is creating more demand for goods from China which is helping China, so we have the U.S., Europe and China in a synchronized recovery.
Economic data globally is confirming positive earnings trends,” said Maris Ogg, president of Tower Bridge Advisors.
“IBM had great numbers, and people think the stock is undervalued. It seems to have a turnaround in progress, no doubt about that. The stock probably got oversold due to too much negativity,” said Wayne Kaufman, chief market analyst at Phoenix Financial Services."
http://www.marketwatch.com/story/dow-industrials-on-track-to-stay-around-23000-milestone-2017-10-18
The graph below is for IBM (who are driving the latest surge in the Nasdaq and Dow) atm- just an interesting coincidence in the trends and the comments above- not suggesting any direct comparisons-IBM is of course a vast, iconic co. while ACX is young, agile and at the cutting edge of a relatively new field.
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This post is based on my own research and is not investment advice. When making investment decisions, always DYOR.
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