Tag IBM
This earnings has started with a whimper...
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There was more good news than bad in the company's first-quarter report...
Continue ReadingWith Wall Street at the center of a busy tech earnings cycle, investors may seek to identify tech stocks worth adding to their portfolios. Washington Crossing Advisors Senior Portfolio Manager and Co-Founder Chad Morganlander joins Market Domination for the latest edition of Good Buy or Goodbye, providing insight on the hottest tech plays. Morganlander names Microsoft (MSFT) his "good buy," claiming it is the "highest quality company one can own," with its rising dividend payment to investors. He also cites its highly diversified AI strategy and subscription models, which lower earnings volatility. The senior portfolio manager calls IBM (IBM) his "goodbye," claiming it is a lower-quality company with a high valuation for its debt. The infrastructure and consulting units of the company are also lagging, he adds. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino...
Continue Reading(Bloomberg) -- With inflation up, economic growth down and two-year Treasury yields testing 5%, Bill Gross sensed the music in markets was fading, and said it was time to get over the likes of the Magnificent Seven.Most Read from BloombergPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldFed’s Preferred Core Inflation Gauge Rose at Brisk Pace in MarchHuawei’s New Phone Runs Latest Version of Made-in-China ChipBillionaire S...
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Rob Isbitts joins analysts Amrita Roy, Uttam Dey, Emma Johnston, aka The Country Investor, and Mike Kehoe, The Undercover Investor to discuss current market trends and portfolio advice...
Continue ReadingInternational Business Machines may not be sustainable in the face of increasing competition and a potential downturn. See why IBM stock is a Hold...
Continue ReadingUpdate: Wedbush Raises Price Target on International Business Machines to $160 From $140, Keeps Neutral Rating...
Continue ReadingThe Dow Jones Industrial Average was selling off sharply shortly after the open on Thursday. International Business Machines and Caterpillar led the losses. The Dow was down 663 points on Thursday, or 1.7%...
Continue ReadingIBM (IBM) shares are falling in Thursday's pre-market trading session, marking their worst single-day decline since 2021. This plunge comes in the wake of the company's first-quarter results, which fell short of revenue estimates. Morning Brief anchors Seana Smith and Brad Smith discuss the report, shedding light on IBM's potential acquisition of cloud service provider HashiCorp (HCP). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith...
Continue ReadingU.S. stocks were sharply lower on Thursday, dragged down by growth stocks after dour quarterly results from Meta Platforms, while signs of persistent inflation dampened hopes of the Federal Reserve cutting interest rates anytime soon. Meta plunged 14.7% after the Facebook-parent forecast higher expenses and lighter-than-expected revenue. Other growth stocks also came under pressure, with Alphabet , Amazon.com and Microsoft down between 4.3% and 4.5%...
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