Earnings Reaction: IBM, LMT, HAS, JNJ

Dow Jones today opened slightly higher along with the Nasdaq-100, Russell 2000, and S&P 500 Index or SPX. However, IBM Corp. (IBM) stock price slid following their second quarter earnings report. How does IBM compare to other technology stocks like Oracle (ORCL), Cisco Systems (CSCO), and HP Inc. (HPQ)? Next, Shawn Cruz weighs in on today’s downgraded stocks: FSLY, RUN, NVTA, NOVA, and PXD. Also, notable post-market earnings today include NFLX, JBHT, and CALM. The Lockheed Martin (LMT) earnings report indicated $6.32 in EPS and $15.45B in revenue, missing the estimates. Lockheed Martin (LMT) said that it has a handshake deal with the U.S. government for 375 F-35 fighter jets. Hasbro (HAS) second quarter revenue was $1.34B versus the $1.38B estimate. The company said that it’s making significant progress in a strategic plan review. Finally, Cruz discusses Johnson & Johnson (JNJ) earnings call. The JNJ stock price was trading relatively flat today following the news.