Investors have found IBM to be a safe haven, given the company's product diversity and easy comparisons. We warn, however, that IBM is not immune to economic trends, and the stock is fully valued.
More Quotes from Kevin McCarthy:
We reiterate our 'hold' rating and note that the third quarter was supposed to mark the start of very easy revenue comparisons, and 3 percent revenue growth does not give the bulls much to work with.Kevin McCarthy
Compaq is one of the companies that will be intentionally taking big lumps in the next two quarters to get to a better inventory model, ... Once they get their inventory in order, they should be strong in the second half of the year.
Kevin McCarthy
Unfortunately, when you get to the on-ice part, you get a lot of accidents because people can't skate all that well. We've had some broken bones and some injuries there, because a lot of these people have never been on skates before.
Kevin McCarthy
Bottom fishers can pick their spots, but momentum investors need to wait until the third quarter before improving fundamentals spark a sustainable upward move.
Kevin McCarthy
We miss all of our seniors, ... But it's always exciting to see different players fill a void and seize that opportunity.
Kevin McCarthy
Dell needs to quickly decrease its reliance on desktop revenues (currently 48 percent of total sales), and establish a presence as an enterprise supplier (currently 19 percent of total sales), ... A successful transition will take time and money, and could lead to further revenue and earnings shortfalls.
Kevin McCarthy
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