david holt is an equity analyst at cfra research. david, welcome, good to have you with us. ibm has been a wounded duck for a long time. is i? >> you know, really after looking at q3 results and digesting those, it's a step in the right direction. we saw some positive momentum d recovery for key segments that have been lagging in the past. if that momentum carries through to q4, that could set the stage nicely for 2018. >> and you think that some of this has been overlooked by others in the market, correct? >> absolutely. i think the overall theme has been overlooked by many investors. but really, when you've had a look at it, this actually led to our upgrade in july 2017 from a hold to a buy. we saw signs of that civilization, solid growth from strategic imperatives which delivered in q3. again, questions do remain, if that can carry through. we are believers at this time. >> you've got a buy on it, you've got $175 price target on it. what it there? >> consistent execution. strategic impervious, delivering at least high single digit growth, as well as that recover, again. f

seeing a nice pop here up 4.5% in premarket trade we'll see so you ibm performs throughout the day david holtrom cfra research. >>> there is a pair of economic reports and plenty of earnings september housing starts are out at 8:30 a.m. eastern at 2:00, the latest beige book report new york fed president, bill dudley, and dallas fed president, rob kaplan are speaking today on the earnings front, abbott labs, u.s. bancorp reports results before the bell. after the close, american express, ebay and united airlines don't miss wilfred frost's exclusive interview with wells fargo ceo tim sloan at 2:30 p.m. eastern. >>> more stocks to watch this morning. the s.e.c. is charging rio tinto and two former executives with fraud. the regulator claims the mining giant tried to cover up a multibillion dollar loss of african coal investment. in 2011 rio tinto purchased coal assets in mozambique for $3 billion and sold them for 50 million. rio tinto denies any wrong doing. >>> credit suisse's largest shareholder is considering part of an activist plan to break up the bank harris associates rejects the bulk o

cnn contributor and "washington post" reporter david farn holt is with me now. to see you this. story right up your alley. you won the pulitzer prize this year for investigating donald trump's claims of charitable donations. $430,000 the president pledges he'll pay these legal fees for his aides and campaign officials. what do you think is going to happen from your research and experience? >> well, what i found last year looking at trump's charitable giving is he exploits often the belief people have that if someone is going to pledge something in public, pledge to spend money in public, people believe he must be about to fulfill that. obviously he wouldn't say it in public if he wasn't going to do it. what i found in my research was that often he would promise something and then never deliver, but sort of go around with people having -- people believing he'd done this thing he's promised. in this case, he's pledged this money, but why not give the money. these legal bills already exist. right now he's not even paying his own legal bills. the rn clrks is paying f

that is one of the millions of reasons why he is david but that is one of them. holt david's first movie alien ii and i also have a role -- alient iii and i all -- alien iii and i also have a role in fight club. charlie: you said he felt like you graduated in a way. holt: that is absolutely correct. i said this before in interviews. for me to have a privilege of having to play a character -- one of the wonderful things about television is you get to explore a character in much greater detail than you would in a two-hour movie or three-our play. you have more real estate and can find yourself in many different circumstances. david: that is a really important thing because we had cast jonathan and it was incredibly important to me that i don't have the wet blanket, that i don't have the guy who is just going -- i am not interested in this. or i'm done. know, i needed to have an actor who could be jonathan 20 years later, who could be the guy -- it has taken it out of him. he's hitting his head against a wall. do that, weto enormous actor who has sensitivity. holt as man

david fisher, but yes, that is one of them. charlie: and you had a couple of small roles? holtin david's first movie, "alien ii" and i also have a role in "alien iii" and i also had a role in "fight club." charlie: you said he felt like you graduated in a way. holt: that is absolutely correct. you know, -- i have said this before in interviews. for me to have a privilege of character -- bill is an interesting character, and one of the wonderful things about television is you get to explore a character in much greater detail than you would in a two-hour movie or three-our -- three-hour david: that is a really important thing because we had cast jonathan and it was incredibly important to me that i don't have the wet blanket, that i don't have the guy who is just going -- i am not interested in this. or i'm done. you know, i needed to have an actor who could be jonathan 20 years later, who could be the monument -- monolithic bureaucracy, it has taken it out of him. he's hitting his head against a wall. so in order to do that, we needed an actor who has enormous sensitivity. worki

holt: i was in david's first movie alien ii and i also have a role in fight club.aidu that he thought like all of the years of struggle you've had, it felt like you graduated in some said,e weird cold: i have -- one of the interesting things about television is that you get way, youcharacter in a have more time and real estate to find yourself in many different circumstances. courts that is a really important thing, we had cast jonathan, and it was incredibly important to me that i do not have the wet blanket that i , don't have the guy who is just going -- i am not interested in this. or i am done with work i need to .ave -- r.i.m done i needed to have an actor who could be jonathan 20 years later. look at how the monolithic could be the guy in the pure bureaucracyin the it's taken a lot out of him. in order to do that, we needed an actor who has enormous sensitivity. working with holt as many times as i have, i kept wishing i had a part for him that had more. that had string theory attached to other ideas. to be able to offer some any something -- somebody someth

firsti was in david's movie alien ii and i also have a iii and i all -- iii and i also have a role in fight club. charlie: you said he felt like you graduated in a way. holts absolutely correct. i said this before in interviews. for me to have a privilege of having to play a character -- one of the wonderful things about television is you get to explore a character in much greater detail than you would in movie or three-our play. you have more real estate and can find yourself in many different circumstances. david: that is a really important thing because we had cast jonathan and it was incredibly important to me that , don't have the wet blanket that i don't have the guy who is i am notg -- interested in this. i needed to have an actor who could be jonathan 20 years --er, who could be the guy it has taken it out of him. in order to do that we needed an actor who has enormous sensitivity. working with holt as many times as i have, i kept wishing i had a part for him that had more. that had string theory attached to other ideas. to be able to offer some any something -- somebody something where you can say we can be doing this five years from now, are you