Diamonds and Dogs
Justin Bieber helping out Croc's (CROX). Croc's is up 5% to new highs on an upgrade with a $60 price target. The analyst believes there is potential upside coming due to an uptick in Classic clogs halo demand from the Justin Bieber collaboration.
One step forward, one step back. IBM (IBM) is down 5% following third quarter earnings. Big Blue reported in-line earnings as sales declined once again, down for the third straight quarter. IBM continues to struggle with both a global economic slowdown and shifting enterprise IT spending patterns. The most optimistic analyst comment now expects demand to recover in 2022.
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