Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

Current DateTime: 02:31:50 24 Jul 2008
LinksList Documentid: 23371764
    • HSBC's Relative Love Affair

        It's been a rough year for financial counters, with banks hard hit by the fallout out of the subprime crisis and the subsequent credit crunch.  This week, we chart HSBC Holdings and use the RSI to predict trend changes.

Fast Money DisclaimerFast Money BiosAbout Fast MoneyRapid RecapFast Money Home
Font size:
May.13
2:25 PM ET
Tuesday, 13 May 2008
HP, EDS and IBM on the Move

If its stock closes down more than 5.6 percent today, Hewlett-Packard[HPQ  Loading...      ()   ] will post its worst 1-day percentage decline since August 12, 2004 when it fell over 13%. The stock is also having a very active trading session. Over 90 million shares have already changed hands (as of 1:30pm ET); normal volume is 15 million shares for an entire day. The stock is at its lowest level since February 2008.

EDS’s [EDS  Loading...      ()   ] stock is also trading in very heavy volume today. More than 70 million shares have been exchanged today (as of 1:30pm ET) – which is 18 times the stock’s average daily volume. EDS is trading at its highest level since August 2007.

Despite the threat of increased competition from a combined HP-EDS, IBM [IBM  Loading...      ()   ] continues to hit new highs and is trading at its highest level since September 2000.  As our Bob Pisani mentioned earlier today, IBM’s size and scope in the IT services industry give it a strong competitive advantage over its rivals in the marketplace.

bythenumbers.cnbc.com

© 2008 CNBC.com

Permalink: /id/24599531

HOME  |  NEWS  |  MARKETS  |  EARNINGS  |  INVESTING  |  VIDEO  |  CNBC TV  |  CNBC PLUS  |  CNBC HD+
About CNBC   |   Site Map   |   Privacy Policy   |   Terms of Service   |   Advertise   |   Help   |   Feedback   |   Video Reprints
  Data is a real-time snapshot   *Data is delayed at least 15 minutes

Global Business and Financial News, Stock Quotes, and Market Data and Analysis