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No. 2 - Big Blue Breaking Out

After trailing the S&P 500 for 5 years, shares of IBM began breaking out over the past month on its stock buy back and job cuts. Has IBM become a lean mean International Business Machine(s)?

Eric Bolling says IBM has slashed 3,700 jobs, announced $15 billion share buyback, raised quarterly dividend 33% and the stock is up 11% since April. He thinks the company is starting to click.

Jeff Macke does not see any organic EPS growth. He thinks the stock increase comes from smart financial engineering, not growth.

Guy Adami adds nothing has changed at IBM.

Pete Najarian and Guy Adami both say IBM stock is a buy right now, although Guy is marginally skeptical.

Would you buy shares of IBM? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap!

Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com.

Trader disclosure: On June 1, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:Najarian Owns (AAPL), (DNDN), (HOT), (MAR), (ONXX); Bolling Owns (ICE), (DIS), (T), (NMX), Sugar, Natural Gas Futures, Bolling Has Closed Out Of His Coffee Trade: CNBC Is A Service Of NBC Universal And Dow Jones

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