|Bid||134.00 x 800|
|Ask||134.15 x 900|
|Day's Range||132.25 - 134.49|
|52 Week Range||105.94 - 152.95|
|Beta (3Y Monthly)||1.56|
|PE Ratio (TTM)||13.84|
|Forward Dividend & Yield||6.48 (4.56%)|
|1y Target Est||N/A|
IBM shares are slumping after the company reported a fifth consecutive quarter of falling sales. But revenue from Redhat grew by 20%. Yahoo Finance's Melody Hahm joins Akiko Fujita on The Ticker.
IBM reported third quarter earnings after the bell yesterday that beat estimates, but missed on revenue. Futurum Research Principal Analyst Daniel Newman joins Yahoo Finance's Alexis Christoforous and Brian Sozzi to discuss.
Global Container Terminals Inc. (GCT) said it will take part in the TradeLens blockchain platform developed by Maersk and IBM (NYSE: IBM). TradeLens has said the platform allows shippers, ocean carriers, freight forwarders, port and terminal operators, inland transportation and customs authorities to interact more efficiently through real-time access to shipping data and shipping documents. TradeLens will facilitate "seamless data sharing, collaboration and improved trade flows" with ocean carriers, beneficial cargo owners and railways, GCT said in a statement, adding that 10 of its ocean carrier customers have committed to using the TradeLens platform.
DOW UPDATE Shares of Johnson & Johnson and American Express are posting losses Friday morning, dragging the Dow Jones Industrial Average into negative territory. Shares of Johnson & Johnson (JNJ) and American Express (AXP) have contributed to the index's intraday decline, as the Dow (DJIA) was most recently trading 70 points (0.
A week after Red Hat CFO Eric Shander unexpectedly left the company, little information on his departure has come out of Red Hat Tower other than the decision came down to “workplace standards.”
One of the key reasons Amazon (NASDAQ:AMZN) stock is one of the most valuable on Wall Street -- with a market cap of $884 billion -- is that the company is willing to take bold initiatives. True, sometimes things fall short, as seen with the move into the smartphone business.Source: Zapp2Photo / Shutterstock.com But for the most part, CEO Jeff Bezos has been able to make the right strategic decisions and deploy resources in a disciplined way. Perhaps the best example of this is AWS (Amazon Web Services). Without this, AMZN stock would likely have a much lower valuation today.The irony is that the company was not the ideal player to be the winner in the cloud. It should have been from a tech operator like Microsoft (NASDAQ:MSFT), Oracle (NYSE:ORCL) or IBM (NYSE:IBM). These companies had the advantages of large enterprise customer bases as well as strong infrastructures and trusted brands.InvestorPlace - Stock Market News, Stock Advice & Trading Tips AWS Enables Aggressive InvestmentsBezos saw that the cloud was the future of business software. Customers would greatly benefit from the access to a wide assortment of services at a low price. There would also be no need to pay for the hardware, servers and other technologies.The result is that AWS has become a juggernaut, making Amazon the cloud's force to be reckoned with in the 1 position. In the latest quarter, revenues from the business jumped by 49% to $8.38 billion or a run-rate of more than $33 billion. The high operating income from the cloud has also made it possible for Amazon to aggressively invest in other opportunities, such as health care, delivery and online advertising.OK then, so what's next? Can there be another AWS that will continue to power AMZN stock? Well, I think so. And it's AI (Artificial Intelligence). AI Powered Amazon's Original Book RecommendationsKeep in mind that this technology has been a part of the company's focus since its early days. A form of AI was essential for creating the recommendation system for the original online bookstore, which helped propel sales. * 10 Hot Stocks Staging Huge Reversals But of course, the company has continued to push innovation. In fact, a big part of this has been leveraging the huge AWS customer base. To this end, AMZN has been adding sophisticated AI features, including developing a system called SageMaker that makes it easier to create sophisticated models.Yet the most notable example of AMZN's AI is Alexa. Since the launch of this platform five years ago, there have been over 100 million devices shipped. There has also emerged a powerful ecosystem of developers, who have created more than 80,000 skills.According to Chris Nicholson, CEO and founder of Skymind, an AI infrastructure developer, in an email interview: "Amazon is to the smart home what Tesla is to smart cars. It has more devices being used out in the world than any one else, and that gives it a huge advantage in the amount of data it can gather and use to train its AI. Amazon made a play for the home with Alexa and Ring, and it dominates that space like Microsoft used to dominate operating systems." * 7 Dividend Stocks to Buy (With Brands You Can Find In Your Kitchen) The big play for Alexa is as next-generation e-commerce platform. It's all part of something known as conversational commerce. And it is likely to be a massive market. According to OC&C Strategy Consultants, the spending is forecast to reach $40 billion by 2022 in the U.S. Bottom Line On Amazon StockIt's true that there is lots of hype with AI. Many companies are jumping on the bandwagon so as to get funding. Investors looking for a play in the AI space shouldn't overlook Amazon stock.In artificial intelligence, Amazon.com is the real deal. More importantly, it has the massive platform -- with huge amounts of data -- to be highly competitive in this category. And as seen with AWS, the company knows how to monetize technologies. Thus, when looking for a solid play on AI, AMZN stock is certainly a solid choice.Tom Taulli is the author of the book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Penny Stocks to Buy * 7 Bank Stocks to Avoid Now at All Costs * The 10 Best Mutual Funds for Your 401k The post Amazon Stock Emerges as a Great Way To Play AI (Artificial Intelligence) appeared first on InvestorPlace.
IBM stock dropped Thursday, following a quarterly earnings report that fell short of expectations as the computer giant continues a business transition that's caused a lengthy sales slowdown.
Signs of hope for a Brexit deal and U.S.-China trade war updates. Some disappointing U.S. manufacturing and retail data. Q3 earnings results from the likes of Netflix. And why Google parent Alphabet is a Zack Ranks 1 (Strong Buy) stock. - Free Lunch
For some unexplained reason, there was a relentless buyer in the issue on huge volume. To begin the regular session, the issue opened at the high for the day, $10.56, and has traded as low as $8.33. After the close Wednesday, Netflix Inc (NASDAQ: NFLX) delivered a solid third-quarter beat for EPS and sales.
IBM and Netflix reported better-than-expected earnings and sales that fell a bit short of Wall Street analysts’ forecasts. IBM stock is getting hammered, while Netflix is on the rise, a sign that investors prefer growth to cash flow.
One technology analyst says despite IBM's disappointing third quarter results, its long-term saving grace is its acquisition of Red Hat.
IBM (NYSE: IBM ) shares tumbled 6% on Thursday after the company missed consensus revenue expectations and reported its fifth consecutive quarter of negative sales growth. Third-quarter revenue was down ...
The three major U.S. stock market indexes were close to flat following a slide in IBM and mixed news about the economy.
The Dow Jones Industrial Average could blame International Business Machines Corp.'s stock for falling into negative territory Thursday, despite gains in the broader stock market amid bullish breadth data. The Dow, which was up as much as 110 points earlier in the session, but was now down 11 points, or less than 0.1%, in midday trading, although 18 of 30 components were trading higher. IBM's stock was the Dow's biggest lower, falling $8.93, or 6.3%, to shave about 61 points off the Dow's price, after the technology company reported third-quarter results late Wednesday. Meanwhile, the S&P 500 was up 0.2% and the Nasdaq Composite was up 0.3%. The number of advancing stocks outnumbered decliners 1,725 to 1,060 on the NYSE and 1,786 to 940 on the Nasdaq, while volume in advancing stock represented 57.1% of total volume on the Big Board and 63.3% of total volume on the Nasdaq.
The Dow has fallen 8.48 points. With IBM stock down 5.7% at $133.97, it is responsible for subtracting 52.04 points from the blue-chip benchmark.
Though the Red Hat acquisition will boost IBM's top line in the coming quarter, many of its existing businesses continue to see little or no revenue growth.
Even the bulls had trouble pointing to many positives in IBM’s legacy businesses as the tech giant reported revenue that fell short of expectations.
IBM’s third-quarter per-share earnings beat Wall Street estimates by a penny, but sales were $200 million below expectations.
DOW UPDATE Shares of IBM and Intel are posting losses Thursday morning, though the Dow Jones Industrial Average is trading essentially flat. The Dow (DJIA) was most recently trading 3 points, or 0.0%, lower, as shares of IBM (IBM) and Intel (INTC) are contributing -24% of the index's intraday losses.