check out the ibm's weekly charts. ibm began pulling back earlier this month.er symmetry technique, when she looks back at past corrections in the stock going back to october of 2002, she finds they have fallen mostly between $16 and $28.80. that's the range of the declines. she projected all the swings from ibm's most recent high and you can see them all is the horizontal lines on the right side of the chart, okay? based on these projections she figured that ibm would find a floor somewhere between 192 and 196. these are the symmetry projections that she's using in order to be able to determine how low ibm can go in this pullback. sure enough, yesterday ibm made an intraday low at 1 $96.70. $196.70. can you imagine how this is? $0.35 above these levels before rebounding into the close. yesterday ibm support line, the symmetric support line, and it held. today this terrific dividend news, like the stock autumn to about $0.35 above whe.35 above it would, which i find your really accurate. now that ibm has tested and held its crucial support level, she thinks it

ibm really should -- i think ibm should take a stand on this if they get kind of the back of the hand of the club. >> nicki, it would seem to me, i think it's pretty obvious how i feel about it, but that seems to be the right thing to do. last time around when martha burk was saying -- made this a big issue, there were three sponsors. there's always three. there were ibm, coke and citigroup. two of them never came back. it's interesting that ibm did when the club refused to change its policies to women. >> yeah, i mean on packing the virginia rometty issue from what's going on is will this have an impact on companies promoting women to ceos in the future. if we have an opportunity to sponsor the masters, will we or will we not. absolutely not. she's serving as a good, strong role model and that's a positive influence for women. ibm, as you said, can really make an influence in that they can influence the debate by sponsoring it next year or not, demanding on how the masters acts. >> nick, let me ask you a broader question here. you want the government out of people's business, so priv

this was a smart move by ibm. ibm even sold off in the last quarter.and in addition to that, there's a lot of moving parts to ibm. they're selling specialized software into the space as well as mixtures of storage, and server networking gear. and push sbog an area called analytics. ibm expects to generate $16 billion from analytics in 2015, and i think it's on the way to do t. >> tom: the analytical part tries to make the data so people with use t. speaking of appliances, that's the hardware that gathers theidate a.emc is a leader. it had a niceeral nethe first quarter, can it continue? >> emc is a company i really like. sells a lot of hardware. it's a key player in the data space. it's basically using it as a launch pad for data, and on the strength of a lot of new business, and health care. health communications and technology, and also with the cold storage hardware so i think this is a stock we need to keep an eye on. >> tom: a year ago it was cloud computing. >> do you own any of these stocks we mentioned? >> no, none whatsoever. >> tom: you can r

>> no, ibm is a flag corporation. i'm not surprised they're not on the ball on all of this type of stuff. i think private clubs should have the right to exclude people for whatever reasons they want. i also think that it's just idiocy on the part of augusta national if they don't extend the same courtesies that they have to previous sponsors to the current one. >> so this is not an issue of caving to pressure on women's rights, this is different? >> it's part of that. golf has a problem in america. it only became a mass sport when it opened up to blacks, to women, to lower -- to middle class and lower class people. i think it should push for that. but again, they have the right to do it and i think people have the right to exclude, you know, watching the masters and actually if ibm wants to be party to a sport that is held at a club that would refuse the ceo of ibm, people should boycott ibm then. >> nicky nily is with us as well. what's your take listening to what nick had to say? do you agree or feel differently abo

critical earnings reports from ibm, intel, and yahoo! coming your way as we get under bay with the second hour of the "closing bell." >>> and welcome to the "closing bell." i'm michelle caruso-cabrera in for maria bartiromo. >> here's what we're following on the close on this very busy day. all 10 s&p 500 sectors were higher today. the dow and nasdaq both rallying. the dow back above 13,000. the nasdaq back above 3,000. still on pace for the biggest monthly decline, though, since september, we're halfway through the month. all eyes turn to the try trifecta of earnings. ibm, intel, and yahoo! due to report any moment now. we'll have instant analysis of all of those results coming up momentarily. plus, we'll breakdown intel numbers and then the cfo, stacy smith, will join us and we'll talk about earnings with the head of u.s. bancorp. michelle? >> that's a good sign. we'll talk more about that coming up. here's how we finished the day on wall street. the dow jones industrial average higher than 193 points. 1.5% gain. 13,114. nasdaq not too

today ibm boosted by 30%. it happened right at 9:30. it will boost the earnings and the earnings are what matters. the stock is an excellent buy, and more on that later. more on itt, i cannot believe hour money this company can make. this is a small cap company, like panera bread or something. a terrific yield and price appreciation, what more can you ask for from this doing. let's go to david -- don't take it personally, honeywell, who came on the show, and also katy eaton. instead of businesses that go where the growth is, honeywell needs to beat higher energy costs. for eaton, it's power controls that also make emergency use more efficient. fire and safety. all of those markets are hot, which is how eaton can raise it's dive didn'ts at etn too. this is another that can beat expectations and no doubt do so for the rest of the year thanks to the company soon to close with goodrich. then there is ellen coleman. the fabulous ceo that is moving toward trends like health care, increasing food production, saving lives. these things don't go

i've been long ibm. i've bought some hewlett packard anticipate ago rotation back out of ibm into hewlett packard. we're seeing the beginning of that. cut down and sold ibm today for hewlett packard. >> what are you doing in this market today? are you waiting to see what happens in spain tomorrow or are you focused on earnings here and what they're telling us? >> i think you have to be. if you look at intel and ibm. you have to dumb it down for the average investor because i need it dumbed down for myself. i have to check out at these levels, too. explain to me how these things jump right off those levels. investors are looking at the market as a whole right now on an earnings basis but you really can't just throw out fame just yet. >> but, steve, they were looking at it as a whole on the green spaces. the market would be lit up because earnings have excited muted expectations, granted. they're both earn revenue. >> 80% of all companies that have reported thus far, and it's only like 60% of the s&p 500.

raised ibm's full-year profit forecast. and intel's earnings came in at 53 cents a share, down slightly from last year and three cents better than expected. >> susie: meanwhile, apple shares surged 5% today as investors had second thoughts about the recent selloff. suzanne pratreports. >> reporter: at this manhattan apple store, it was business as usual today. that means busy, busy, and no sign of the recent sour feelings that investors had for apple stock. those investors are clearly fickle, as the shares today regained more than half of the shine they gave up in the last week. today's buying came after a number of analysts issued bullish notes on the maker of iphones and ipads. and many wall street firms still have price targets for apple at or above the $700 mark. analyst colin gillis, however, is cautious on the shares, which he rates a "hold." >> this is the stock that's been the number one stock held in hedge funds right now, and that's going to create some volatility. these hedge funds tend to come in fast and sell e

shares this morning intel and ibm both lower as investors

ibm fell 2.4% in the after ho s hours. in frankfurt it's down 0.9%.ime intel's first quarter profit fell 13%. revenues were flat. the chip maker expects sales to pick up in the second half of the year as it ramps up its production. that's going to power super thin notebooks called ultra books. it will impact gross margins more than expected. >> we continue to see pc unit growth. we saw strong growth in the notebook segment of the market. really we saw a continuation of demand trends that we had seep at the end of last year and very consistent with our expectations. >> intel plans to launch the first smartphone based on its technology sometime this quarter. in fact, we saw shares fall 3g% in the after hours session. right now in frankfort they're down 3.5%. and yahoo!'s first quarter profit rose, beating targets. we saw revenues edging up 1%. ceo scott thompson outlining more details of his construction plan. making ecommerce and mobile the bigger sanction. he's working with ailbaba. here in the u.s. we saw yahoo! rising. right now, up 4.4% at 11 spot

bill, you covered intel and ibm.hen the earnings come out after the bell, what are we going to see here? are we going to be disappointed or see an after hours rally? >> i think as we have seen the market rally over the course of the year that we need to be more selective. but intel and ibm are two names we think will continue to execute well throughout the year, including this quarter. and they are the types of names we would be buying as we move through 2012 pz okay. even today or tomorrow ahead before the numbers come out? >> absolutely. if you look at the consistent execution of these companies, the financial strength of these companies, then overall i just think from a total return perspective they both look very compelling here. >> hans, you cover intel. we are seeing the shift away from the pc and into small phones and tablets. are we going to see that tomorrow in intel's results? >> probably not. i think generally speaking, you will see the industry market kind of having a sigh of relief that the numbers will

intel and ibm are all big movers. much more fast straight ahead. [ male announcer ] while others are content to imitate, we'll continue to innovate. the lexus rx. why settle for a copy when you can own the original? see your lexus dealer. has been because of the teachers and the education that i had. they're just part of who i am. she convinced me that there was no limit to what we could learn. i don't think i'd be here today had i not had a wonderful science teacher. a teacher can make a huge difference in a child's life. he would never give up on any of us. thank you dr. newfield. you had a big impact on me. hey, heard any updates on the game? i think it's final seconds, ohh, shoots a three, game over. so two seconds ago... hey mr. and mrs. harris, where's kevin? say hi kevin. mom, put me down. put...the phone...down. hey guys. did you hear... the choys had their baby? so 29 seconds ago. well we should get them a gift. [ choys ] thanks for the gift! [ amy and rob ] you're welcome! you're welcome! [ male announcer ]

now it's a $200. >> ibm, you mean? >> yes, ibm. you said apple. walmart continues to feel the heat over bribery allegations in mexico. and let's go to tyler mathison standing by with breaking news. >> thank you very much, bob. we're following a story developing right now in san francisco at the site of the wells fargo shareholder meeting. we have aerial footage of protesters there protesting, among other things, the company's practices with respect to mortgage lending which they describe as predatory and foreclosure practices, among other things. some of the protesters, from all over the country, including groups known as we are oregon, have actually purchased shares of company stock and as is there right being asked to led into the meeting, which it kicks off at 4:00 p.m. eastern time, 1:00 in san francisco. they call themselves the 99%. there are apparently dozens of officers from san francisco trying to keep order as this shareholder meeting begins in just about an hour's time from now. we'll follow it. if anything develops, we'll get back to y

slightly weaker guidance from intel and ibm.ng that we see right now that doesn't make you want to not own the group. >> why not take a flyer on those financials? >> it's a group that we are warming up to. the question is, can i be economically optimistic u

one of the things that ibm does -- a couple of things. one is having an eye on where things are going. one of the reasons that we focused here on data, relational database disk drive, was, looking at the time, the inability to access data quickly on a computer was actually an inhibitor to getting business done. one of the ways that you get innovation out there is you understand how it is going to be used, really, before you start. the major reason for working on the disk drive, aside from the obvious technology base that this place has and continues to have, was just an understanding that high-speed access to data would create an opportunity. remember, this was 1955. we reinvented ourselves. ibm made the first product with cheese slices. we cannot do that anymore. [laughter] this place also reinvents itself in a continual basis. in that sense, we feel very much at home here. the ability to reinvent, the ability to have a real sense of where things are going is also something we see in the bay area. strategic view. one of the things that i

ibm's pouring a lot of dollars into this tournament. that ought to buy a little respect. >> that's martha burk, who protested the all-men's admission policy ten years ago there at augusta. >>> a skateboarder is an instant legend. and he's only 12 years old. he lands the first-ever 1080. what's a 1080 you ask? you will find out and we'll talk to him next. so why do banks do it ? hello ? hello ?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello ? ally bank. no nonsense. just people sense. what makes us number one in motorcycle insurance? we love bikes. we love riders. and most of all, we love to ride. perfect hair every time. leading the pack in motorcycle insurance. now, that's progressive. call or click today. with odor free aspercreme. powerful medicine relieves pain fast, with no odor. so all you notice is relief. aspercreme. >>> just 12 years old, tom shar has done something no other skateboarder in history, proving al or otherwise, has done. land a 1080. that's three full aerial revolutions. check it

ibm had no comment. >> so does romney owe it to women to pull the sponsorship of ibm from a club that in this day and age when women of all colors and ages and men of all colors and ages are so important to corporate success in this country? >> she could do that. or she could take a look and say, i'm the head of ibm without having to touch the greens in augusta golf course. i mean, you don't need that to be the chief executive of a huge corporation in this country. she is that. so why would you want to go backwards into those kinds of fights. i think it would be sillo her part and i'm doubtful ibl will do it. >> you look at the republican accommodation was like in new york and california, they fought these battles specifically because although it doesn't strike people as a huge social justice tosh take on these old guys in their green jackets, it's still significant because business is done in these places. that's new york recognized when they integrated the private clubs where men were getting together. it's not just they want to play racquetball or swim in the nude. they are making

i have traded ibm since 1981, and ibm reported that it raised and not cut, but raised estimates handily and because the stock opened up five points down, and the pundits saw that the stock did not raise what it wanted, and hey, pundits, i have bad news for you. in the last two years, ibm has rallied without any revenue growth. it was the earnings that drove it the right way and now stocks going $2.10 and and it is a big gain and this is big blue and again, give ten scale of the move, it did not matter what ibm said. so when the company did the very thing that it had done for ages, and beating it up for numbers the investors weren't crazy about it in the 200s and now ibm is a classic example of how hard the business can be and why you have to stop kicking yourself. my charitable trust owns ibm, but we had sold some in the last week of marchf and when it ran and i sold it at $2.06, i was apoplectic, and i was thinking, what was i thinking, i was a joke and not a midnight toker, although toking might have been better. and i am reece but not a space cowboy anyway and continuing with the mil

ibm was the only sponsor to return.hey had to get new sponsors for the other two slots because coca-cola and the third sponsor, which i've frankly forgotten, never returned to sponsorship. i have asked exxonmobil, i have asked at&t to reconsider this policy because, again, it's telling their employees, their female customers, employees, and the men that care about them, we think this policy is okay. a little discrimination never hurt. if it were race, i think they would not be making this statement. >> martha burk, thank you for joining us from albuquerque, new mexico. in a few minutes i'll talk to our legal experts today about what legal road can be taken, if any, to challenge augusta's admission policy. >>> unemployment claims hit a four-year low last week. the unemployment rate fell to 8.2% in march. but even with that, only 120,000 jobs were added to the economy. so how do you get hired? senior business correspondent christine romans tell us in this week's smart is the new rich. >> jobs, jobs, jobs. the private sect

ibm, did they miss?d say that i think companies are going to be reluctant to get bullish outlooks because they've seen some uncertainties. i think the quarter we're going to have to watch on that is going to be the july reporting -- the june quarter, but the july reporting season where they're going to have to give more insight in the second half. that's where you'll see the guidance issues that i'm concerned about. >> get some sleep. hockey goes away. >> i have to watch the games. the kings are exciting. >> thank you. >> you could have a career in sports if you wanted. >> i'd love to. it would be fun. >>> meantime, drawing in dozens of celebrity traders for the day's activities, bob pisani is there with one of those celebrity traitors. hey, bob. >> we've been having a great day. lots of sports figures, actors all coming in here. this company has raised $4 million. last year, $20 million and the last ten years for a whole bunch of different charities. let's talk to rex ryan, jets coaches, one of many imp

ibm didn't get obliterated. we saw the all time high yesterday. it wasn't a horrible day for ibm. >> in line with what the nasdaq had today. it did account for 25% of the losses. if you read through the note to cut into the neutral, it was a lukewarm and there were fewer sat lifts to the upside and we are not saying we don't like it. the price started at 215 which was pretty bullish. >> all about expectations and even about yesterday about the fed. the market's expectations and ibm is about pretext margin built in and people are saying 1.5 to 2% growth. the bar is high for these guys and far from stretched. it's a crowded trade. that's the other part of this. people have cut their winners and people are looking for places to take profits after what has been a fantastic rally. the risk of terminology is very annoying and simplistic and continues to get chucked around and if you look at the tape, no way you can be calling this off. there is less back up and in other words we did see yields pull in and if this was three months ago you can see the cur

i'd argue that i did the right thing with ibm. my charitable trust sold some now it's in position to buy back the stock at a lower price. in fact, i'm with the buy back yum suit because the quarter was so good. both quarters were so good. it says the stocks were reflecting even better so they had to be knocked down. you don't believe me? okay. let me give you the other side. give you the inverse. consider cy, cypress semi. that's a company we've liked. excellent management team led by t.j. rodgers. they make the chips for the touch screens in almost every non-apple device. yet the stock has been terrible as numbers have come down repeatedly. right out of freddy krueger. and people decided that anything but apple, their customers, well, that's not good enough. turns out, making all of those chips for the non-apple players wasn't good enough when cypress was at $19. but at $14 and change where the stock closed at yesterday, all those non-apple customers, that was plenty. so when cypress reported a better than expected quarter today,

sure ibm didn't deliver the revenue growth we'd like.some big orders that didn't get filled and there were some real weaknesses. that said, i believe ibm should be given slack here, even with the new ceo virginia rometty at the helm. ibm is not expensive on the $15 in earnings i expect it to generate this year. most important, the company continues to transition to a hardware light model. and that's going to produce some hiccups. the fact that the business was strong in the uk and spain -- spain of all places -- makes me feel like the product ibm offers is in need no matter what. software growth, just $7 million shy of 2%. so they called it 1%. it should start climbing soon. that's what we told my charitable trust. as for intel, you have a disc drive shortage because the manufacturers couldn't make enough pcs to meet demand because of a shortage. huge windows 8 cycles product. that's always been terrific for intel and a reason to buy. at the same time you have a number of new plants opening up for ivy bridge, which will knock down margin

>> i like ibm but i also like computer associates which is like a mini ibm. it pays a 4% dividend, it's got better operating margins. if ibm does well, own computer associates. >> we have a rally across the board here. you see another $3.50. intel here. pete? >> been in this for a long time, will continue to hold on. this stock was around the 20 or just a little below the 20 level when i got into this. i've been in it for a while. when you look at where this thing trades, and although reported dead, it was not completely dead. it was up 2% in 2012. it's not dead yet in the emerging markets. this is a company that's really reinvented themselves and revolved with the markets, got themselves back in the space. when you look at some of the most recent innovations they put out in the marketplace, it's unbelievable. >> you've got $10 on this stock. how much more? >> 35. >> even if the pc market is dead, i think intel is doing such smart things in cloud that i think this is going to be one of the emerging winners in cloud. not the sexier name, i think it's going to

. >> the controversy over women was rekindled because the tournament's longtime sponsor ibm has a new female ceo, ginni rometty, and ibm's last four ceos were all invited to become members. >> it's getting unseemly. the longer this goes, the more ridiculous the club looks. it's sending a strong message to women and girls, which is you're not welcome here. >> allen who wrote a book about augusta argues the club plays a leadership role in an international sport and has a responsibility not to exclude half the population. but he says the situation also puts pressure on rometty and ibm about whether to continue to sponsor the masters. >> she has to explain to her female coworkers and share holders why they're supporting a club that won't have them. >> today, an ibm spokesman said the company has no comment and that rometty is focused on her job. she was in brazil last week negotiating a billion dollar deal. soersz sources tell nbc news that rometty will be hosting clients at augusta later this week, but there's no indication she'll be wearing the iconic green jacket, reserved for club mem

they will respect their own tradition and give the ibm ceos a member. if it's going to happen, i say it happens near and now. >> are you going bet on it? >> yes. >> you are? >> a small bet, but yes, i will. >> i will take your get. >>> coming up, torment shared by millions on of americans who wake up in the mill of the night and cannot get back to sleep. >> so it is now 1:45 and i'm awake. >> guess what, there is no help on the way for a sleepless nation. it's time to get going. to have the energy to turn a "to do" list into a memory. to put more giddy-up in our get-along. to keep stepping up even in overtime. it's time to start gellin' with dr. scholl's... ... and mix a little more hop in our hip hop. thanks to the energizing support and cushioning of dr. scholl's massaging gel insoles, your feet will feel so good... ... you'll want to get up and go. but does bringing a floor back to life really make us heroes? [ chuckles ] yes. yes, it does. ♪ call 1-800-steemer that's going to have to be done by a certain date. you always have homework, okay? i don't