IBM: This Stock is Unstoppable Right Now

Just remarkable to see a $175B solid – but slow growth – company break out like this. Since the DJIA is price weighted unlike any other index, the higher the stock price the more impact… and IBM has the most effect on the average of the 30 components – by a long shot. Rather than a 3.33% impact, it is nearly 10%. (for comparison, a stock many consider a reflection of the entire U.S. economy – General Electric – only has a 1.2% weighting due to its low stock price).

This stock is unstoppable right now and I continue to catch myself saying “wow” “can’t believe it” “amazing” etc.

International Business Machines Corp. (IBM)

Disclosure: No Position

About Mark Hanna 543 Articles

Affiliation: Hanna Capital, LLC

Mark Hanna is President and Owner of Hanna Capital, LLC, a registered investment advisory firm. Mark has been a follower of markets since the late 80s, with a focus on individual equities since the mid 90s. He has been a well known commentator in the financial blogosphere for the past 5 years, following a career in corpoporate finance and accounting. Mark attended the University of Michigan where he graduated with a degree in Economics.

As an avid reader, Market Montage is the personal blogging site for Mark to share his views on economics, markets, and the like. Occasional cynicism and wit shall be deployed in his postings.

Follow Mark on Twitter @fundmyfund.

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