Premarket stocks: The club of $1 trillion companies is about to gain a fifth member
CNNLondon CNN Business — A version of this story first appeared in CNN Business’ Before the Bell newsletter. Amazon ’s beat: Amazon blew away Wall Street’s expectations when it reported earnings for the holiday quarter on Thursday, my CNN Business colleague Clare Duffy reports. See here: If Amazon shares open up as much as expected, the company could soon approach the same value as Germany’s entire benchmark stock index. “Even though IBM’s stock performance was more volatile than desired by Wall Street, she left a lasting mark on one of the cornerstone American companies,” said Tim Hubbard, a professor at Notre Dame’s Mendoza College of Business and a former IBM consultant. He called Rometty “one of the most prestigious female CEOs of the past decade.” Investor insight: IBM shares have dropped 26% since Rometty took the helm, even as the broader stock market shot up.