International Business Machines Corp. (NYSE: IBM ) - This bluest of the information technology blue chips is expected to increase revenues 5% this year and another 5% in 2011.
S&P estimates that IBM had an order backlog of $129 billion at the end of June, and is flush with cash, which it can use for acquisitions.
Earnings are estimated at $11.50 for 2010 and $12.60 for 2011, and S&P has a fundamental 12-month target of $161 for the stock.
Technically, the stock broke from a compound top in mid-September at $132 with a target of $150 within three months.
For you traders out there, the IBM Jan 135 Calls are one on the 6 Top Options Trades for Q4 .
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