Category Archives: Market Overview

If IBM Drops and Holds This Key Level, It’s Bound to Recover

Wall Street is expecting a 22nd consecutive quarter of declining revenue from IBM (IBM), when the company reports its third-quarter earnings results after the close Tuesday. Disappointing first- and second-quarter reports this year were followed by downside gaps in the stock price, but this time may be different. The stock has moved back above several… Read More »

Procter & Gamble Stock Chart Reveals a Dip Ahead of Tuesday’s Big Event Scott Gamm of interviews Ron Orol from The Deal on the P&G proxy fight. Procter & Gamble (PG) shareholders will vote tomorrow to decide the biggest proxy battle in history. Nelson Peltz’s Trian Fund Management is fighting for a single seat on the P&G board and the company is fighting back. A combined… Read More »

Warren Buffett’s Truck Stop Acquisition Is Only Half the Story

Warren Buffett announced Tuesday that Berkshire Hathaway (BRK/B) is taking a 38.6% stake in Pilot Travel Centers, which owns the Pilot Flying J chain. The chain is a truck-stop operator with 750 locations in 44 states. In 2023, Berkshire will acquire an additional 41.4% of Pilot’s outstanding shares and become the majority owner. By then,… Read More »