Congress changed the time that Daylight Saving Time would begin and end. While residents of most of the country once turned their clocks back an hour on the last Sunday in October, the date was changed two years ago to the first Sunday in November. The Energy Policy Act of 2005 also extended Daylight Saving Time on the front end, starting in 2007, to begin on the second Sunday in March.
I am long both OKS and OKE. The decline seen in shares of ONEOK, Inc. (NYSE:OKE) and units of its MLP ONEOK Partners (NYSE:OKS) is quite sickening. These two stocks have declined over 10% in recent days and over 25% since early September. In my opinion, this decline is wrongheaded and a clear overreaction by the market, much like what is happening with fellow midstream Kinder Morgan (NYSE:KMI). OKS data by YCharts.
Despite this rally, 2015 is not going to look much different for IBM than the last two and half years. The beating IBM stock took this year, coupled with a lousy 2014 sales picture, suggests that 2015 will be more of the same for Big Blue. That's why IBM stock is at best a hold going into 2015. The next couple of quarters are crucial. They will determine whether IBM stock can become a long-term buy, or if it will be relegated to a sell.. Here's what 2014 looked like for IBM, and what 2015 holds in storeâ¦.