Ahead of posting its Q3 results, IBM stock rallied from the $220 level to over $250. In after-hours trading, the stock fell by over 4%.
IBM earned $2.95 non-GAAP per share. Revenue rose by 4.7% Y/Y to $17.1 billion. Software is the highlight of IBM’s quarter. Revenue grew by 8.3% Y/Y.
For full-year 2026, IBM is forecasting revenue growth in the range of 4%-5%. Free cash flow will top $1 billion. The firm also announced a quarterly dividend of $1.69, which it has paid consecutively since 1916.
eBay (EBAY) has a good chance of trading at new highs. The firm said it would cut around 9% of its workforce. It is simplifying operations and shifting resources to its fastest-growing units.
eBay is in a good area of e-commerce. Amid high inflation, consumers are seeking to save money. Its sales are growing thanks to strong demand for new, used, vintage, and collectible items, sold through online auctions.
Southwest Airlines (LUV) might struggle to hold the $40 support level. The firm posted a 21.2% Y/Y rise in revenue, to $8.42 billion. Although it benefited from raising fares, the airline is struggling with a drop in passengers.
Investors should also watch Delta Air Lines (DAL), American Airlines (AAL), and United Airlines (UAL). Among them, only DAL stock is trading higher YTD, up by 11.92%.
