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30,000-Foot View of the S&P 500 and a Review of IBM, Intel Ahead of Earnings

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Plus, Apple is in a holding pattern for now.

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Intel (NASDAQ:INTC) was hit with a downgrade by Bernstein (which seems a little late). Bernstein cited pricing pressure in the PC space.



Next week we have two tech earnings reports: IBM (NYSE:IBM) and Intel. IBM is on tap for earnings next Tuesday. The stock has shown fantastic price action and we currently have a Strong Buy on it. We don't recommended getting long into earrings, however. If you are a long term investor, stay the course.



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No positions in stocks mentioned.
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