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International Business Machines Corp. (NYSE: IBM) Earnings Don't Support Sudden Rally

International Business Machines Corp. (NYSE: IBM) earnings yesterday (Monday) should have impressed no one. Revenue still fell for the 12th straight quarter as expected. But shares closed the day at $166.16 – up 3.4%. So, why is IBM stock rising on a day of unimpressive IBM earnings? Here's why - and why this sudden euphoria is unwarranted... Tags: IBM earnings , IBM Stock , IBM stock price , International business machines NYSE: IBM stock , NYSE: IBM , NYSE: IBM stock , why IBM stock is rising To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post International Business Machines Corp. (NYSE: IBM) Earnings Don't Support Sudden Rally appeared first on Money Morning - We Make Investing Profitable .
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