|Bid||140.32 x 1300|
|Ask||140.38 x 1200|
|Day's Range||138.70 - 140.49|
|52 Week Range||105.94 - 154.36|
|Beta (3Y Monthly)||1.68|
|PE Ratio (TTM)||14.77|
|Earnings Date||Jul 17, 2019|
|Forward Dividend & Yield||6.28 (4.45%)|
|1y Target Est||143.72|
The Latest on PINS, AAPL, IBM, and NFLX(Continued from Prior Part)IBM’s revenue fell for the third straight quarterIBM’s (IBM) stock was down over 4% on Wednesday, April 17, after it reported another disappointing set of numbers for the most
Tech stocks have been on a roll, but that's only the headline news. Don't think that because some of the big names are going gangbusters that the good news translates to all tech firms, even similar firms in the same sectors as the winners.The one thing that happens when earnings slow is investors start looking for strength, companies that can keep their earnings strong even when the economy gets weaker.The seven risky tech stocks to purge below represent the stocks of companies that now find themselves left out of the current tech surge. And if they're struggling now, it's not likely they'll find their footing during more challenging market conditions.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 S&P 500 Stocks to Weather the Earnings Storm They may not implode, but they will find it tough to grow. And when there are plenty of sectors -- and companies -- that will benefit from the slower, steady growth ahead, there's no point in holding these stocks and hoping for upside. Risky Tech Stocks: CoreLogic (CLGX)Source: Shutterstock CoreLogic Inc (NASDAQ:CLGX) is a data firm that specializes in analytics for the real estate business. It has 99.9% of the property records for U.S. housing, covering over 3,100 counties. It is a go-to resource for financial institutions, real estate companies and the like when valuing properties or managing the investment portfolios for companies.The problem is, even with low-interest rates, the housing market isn't taking off. Baby boomers are downsizing as they get older. And the younger generations who should be the next wave of home buying still remember the real estate bust a decade ago and aren't as interested in making a home their core asset.Plus, since many are strapped with student debt, it takes a lot more effort to even afford a home. Many college grads are still paying off student loans into their 30s, a time when most previous generations were buying first homes.That may explain why, even after a year-to-date run of 26% for the stock, CLGX is still off 7% in the past year and analysts are already bearish on its Q1 earnings. International Business Machines Corp (IBM)Source: Shutterstock International Business Machines Corp (NYSE:IBM) remains a force in the big tech world, but it's now less a headliner than it was before the dot-com boom started. Its R&D has always been stellar, but Big Blue is a textbook case of a big corporation that wasn't quick enough on its feet to take advantage of all the innovation it had sitting in its pipeline.Its sheer size has kept it in the game, as well as the quality it produces. But its story is like that of the U.S. auto industry. Hungry competition came in and changed not only the rules but the playing field and getting the biggest tech firm in the world (as it once was) to adapt was almost insulting to leadership.Even after several strategic missteps over the decades, it was even slow to jump into cloud computing. * 7 Stocks to Buy for Spring Season Growth Just this week, IBM stock slid after reporting an earnings miss for Q1. The stock rallied with all the other big tech but again, it's not finding a way to compete against its peers or even smaller niche firms that are eating into its business. Baidu (BIDU)Source: Simone.Brunozzi Via FlickrBaidu Inc ADR (NASDAQ:BIDU) is the second-largest internet search company in the world and the first Chinese stock admitted into the Nasdaq-100.Although, given its size and power in China and other places around the globe, it carries a $59 billion market cap in the U.S., whereas Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) has a market cap of $860 billion. But right now this is a value trap.The Chinese economy has been slow for a while, and one quarter of solid numbers doesn't mean this monster economy is on the mend. And given the fact that these improved numbers also help in trade negotiations with the US, they may not be as improved as we're led to believe.And BIDU is having some issues of its own. Search engine growth is slowing as the business matures and now the company is spending money to keep its growth going. Also, its autonomous vehicle investments are also drawing large sums of cash with little short-term benefit.There's potential here to be sure. But now isn't the time to buy in or hope for a quick turnaround. Blackbaud (BLKB)Source: Shutterstock Blackbaud Inc (NASDAQ:BLKB) is a niche player. It offers cloud-based and software solutions for the global philanthropic community.One of its key challenges now is like many software services companies before it - transitioning its software services to a cloud services model. BLKB is doing that, but it's a challenge when it also likely involves changing the revenue model and non-profits aren't usually known for moving quickly with changes since they have their own budgetary limitations.And while it shifts its delivery and revenue models, it's also having to invest to find more growth. Last year, growth started to slow. And now, many analysts only expect significant growth to return in 2020. * 7 Consumer Stocks to Buy and Hold for Years That may well work out and BLKB may be back on a growth track, but waiting and hoping for that to happen isn't really what investing is about. Also, you have to consider that there are a growing number of alternatives out there as well and once the non-profits are put in a position to re-evaluate their contracts, it may not work in BLKB's favor. DXC Technology Co (DXC)Source: Shutterstock DXC Technology Co (NYSE:DXC) is a technology consulting firm that focuses on global enterprises. Basically, that means it helps multi-national companies build out their tech platforms to better compete and execute.And that is DXC's niche. It works in all manner of industries, from manufacturing to healthcare to financial to aerospace and defense to consumer and retail. One of its recent newsworthy projects was working with BMW to accelerate its autonomous driving efforts.One of its top contracts is working on IT systems for the U.S. Postal Service.The two challenges DXC faces are:1) It's only 2 years old.2) It is looking for contracts in a global slowdown -- Europe is weak, Asia is stabilizing and the U.S. is slowing down.Because of its youth, there's no track record on how well it will deal with these challenges. And as far as its USPS contract goes, that could be challenged from the business or the government appropriations side.There's too much risk right now, too many potential competitors and too much ground to make up. LogMeIn (LOGM)Source: Shutterstock LogMeIn Inc (NASDAQ:LOGM) specializes in remote access and collaboration tools for businesses of all sizes. It supports more than 2 million users per day on its platforms and 5 billion voice minutes per year.One of its most popular platforms is GoToMeeting. It also has a number of other 'GoTo' platforms as well as OpenVoice, Jive and Grasshopper. It also has a set of engagement and support tools as well as identity and access tools to round out its complete set of collaboration platforms.Its tools target the small and medium-sized business sectors, which is a target rich environment for these tools. However, there is plenty of competition in the space. And the challenge with remote access is that workers' connectivity isn't always ideal and maintaining good connections can be a frustrating challenge. That means companies shop vendors. * 5 Semiconductor Stocks to Buy for a Spring Charge LOGM is having troubles with its growth and its competition. Q4 came in weak and then the company guided lower for Q1. And now, competitor Zoom is headed for an IPO with stellar growth numbers. All bad timing for LOGM. FireEye (FEYE)Source: David via Flickr (Modified)FireEye Inc (NASDAQ:FEYE) is a cybersecurity company. Now, this is one of those bulletproof megatrend sectors. But FEYE is a perfect example of how a rising tide doesn't raise all boats.FEYE stock hit its record high more than 5 years ago. It was trading over 80. Now the stock is around 16. And it has been trading in the teens for the past 3 years.Now, there's no doubt that the company has some great technology. But this goes to show that running a tech company isn't all about having great technology. You have to know how to run the business, too.For most of the stocks in this article, Q1 has been very good to them, even those that are underwater for the year got a need boost in Q1.Not FEYE. It had a disappointing Q4 and then guided lower for Q1.There are some bulls out there that say the company is transitioning out of hardware and focusing on its software platforms, which can boost its paltry margins. And that may be so. But do you want to wait for that to possibly happen or put your money somewhere that is already doing just that?Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post 7 Tech Stocks With Too Much Risk, Not Enough Upside appeared first on InvestorPlace.
PARIS, April 18, 2019 /PRNewswire/ -- IBM (NYSE: IBM) and Boursorama, a subsidiary of Societe Generale group, today renewed their agreement by signing a hybrid cloud contract for five years to help enrich the bank's offerings of new products and services. Boursorama is a pioneer and leader in online brokerage, Internet financial information and, since 2005, online banking. Designated the least expensive bank in France for eleven years, Boursorama pushes the borders to simplify the lives of its customers at the best price and with the best quality of service, according to Boursorama reports.
ARMONK, N.Y., April 18, 2019 /PRNewswire/ -- IBM Services (NYSE: IBM) announced an agreement with Japan-based Fukui Bank to migrate its distributed processing system to IBM Cloud to help drive operational transformation to address customer needs, and help the bank enhance its initiative to support local community development. As customer preferences become more personalized, it is important for each employee to respond accordingly, quickly respond to changes, and provide high quality digital customer service. Fukui Bank is also driving its transformation to align with changes in its managerial environment, which requires a more flexible IT environment that also bolster the bank's operational security. IBM Cloud provides a framework that allows applications in a virtual infrastructure environment to be migrated as is, which will help Fukui Bank build a cloud environment quickly.
The Public Authorities Control Board voted to approve $300 million in state grants toward the IBM AI Hardware Center and $125 million for a partnership with Applied Materials.
The rally came after the chipmaker settled a long-running legal fight with (AAPL) which buys Qualcomm’s chips for its smartphone. The legal dispute centered on the way Qualcomm was charging Apple and other clients for the use of its technology. Apple has agreed to license Qualcomm’s technology for six years and pay royalties.
A “quick resolution” could come in areas addressing the trade deficit and the protection of intellectual property, said Heng, who has spent the past week in Washington speaking with U.S. lawmakers, officials in the Trump administration, and industry experts. “Many of the leaders and analysts I’ve spoken to have held the view that this is not just a trade dispute, this is a more complex competition in technology and strategic influence,” Heng said in an interview Wednesday in San Francisco, in the last leg of his U.S. trip.
International Business Machines Inc.’s revenue declined even more than expected in a Tuesday earnings report, and shares slid in after-hours trading.
is working on a new voice assistant, via an R&D team within its augmented reality and virtual reality group. The report comes a year after Facebook pulled the plug on M, a voice assistant that partly relied on humans and would thus have been difficult to scale. Alexa, it would make a lot more sense for Facebook to focus on a solution that integrates with its app family (core Facebook, Messenger, Instagram and WhatsApp) and perhaps devices such as Oculus VR headsets and the Portal speaker, than to battle Apple, Google and Amazon's offerings head-on.
U.S. stocks ended slightly lower on Wednesday as a drop in healthcare shares overshadowed a string of positive corporate earnings and upbeat economic data from the United States and China. All three major U.S. stock indexes ended the session in negative territory, with the S&P 500 remaining just within a percent below its record high reached in September. UnitedHealth Group Inc, Pfizer Inc, Merck & Co Inc and Abbott Laboratories all closed down between 1.9% and 4.7%, and were among the biggest drags on the broader S&P 500.
Momentum in services and growth in the cloud business were bright spots in IBM (NYSE: IBM )’s earnings report, but reactions to the print on the Street were muted, as focus now shifts to Big Blue’s acquisition ...
Strong sales of its namesake drink helped the beverage company beat first quarter profit and revenue forecasts. The chipmaker said it would exit the market for 5G smartphone modems and will focus on opportunities in computer modems and other devices. Media reports cast doubt on regulatory approval for the telecommunications company's $26.5 billion merger with Sprint.
The bears couldn't keep the CBOE VIX index elevated in Wednesday trading while earnings reports continue to flow in. It's going to be another busy day on Thursday in that regard, although be mindful of Friday, when the markets are closed for the holiday. Let's get a look at some top stock trades on Wednesday.Note, large cap tech stocks continue to trade well and are showing solid momentum. Here's our outlook on Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) from earlier this week. Top Stock Trades for Tomorrow 1: IBMInvestorPlace - Stock Market News, Stock Advice & Trading TipsI have never been a huge fan of IBM (NYSE:IBM) as its growth remains painfully disappointing. However, the stock has been trading much better.Shares are down "just" 4% on Wednesday after the company reported first-quarter earnings and this will be an important one to watch this week. I would like to see IBM hold $140 -- a little above current levels -- but as long as it can maintain its current prices, it's technically okay on the weekly chart. * 7 Stocks to Buy for Spring Season Growth Over $138 keeps it above all of its major moving averages and above its post-earnings low. Above $140 and IBM stock will still be above prior downtrend resistance. The good news? We'll know a day early, as this weekly candle will be finished on Thursday at 4 p.m. ET. Top Stock Trades for Tomorrow 2: NetflixAbove is a weekly chart of Netflix (NASDAQ:NFLX) stock, while below is a daily look at the streaming giant. This stock has been astoundingly quiet considering it's usually explosive moves -- particularly on earnings! Above, shares are clinging to the 10-week and 50-week moving averages. Should it lose these levels, it could open the door to lower prices. On that chart, $300 is a big, round level that stands out.On the daily chart though, there could be some buyers waiting for a dip down to the $310 to $320 level. Over $370 on both charts will revitalize NFLX stock. This is a momentum stock and the lack of bullish momentum here is a concern to me, especially on earnings. Top Stock Trades for Tomorrow 3: Abbott LabsShares of Abbott Labs (NYSE:ABT) are taking a bath on Wednesday, down over 4% and adding to its losses on Tuesday despite beating on earnings and revenue expectations.It would be encouraging for bulls to hold this $72 to $73 level as support, given its former role as resistance. However, ABT may require a washout down to the 200-day moving average at $70.The writing was on the wall with this one. Downtrend resistance (blue line) continued to grind ABT into support at $77.50 (black line). Once it broke on Tuesday, this one was a goner.See how it handles current levels. If it can't bounce, look for a 200-day test. Top Stock Trades for Tomorrow 4: Biotech ETFThe biotech and healthcare space hasn't been doing all that well and it shows on the iShares Biotech ETF (NASDAQ:IBB), which is down almost 4% on the day.Keep it simple: $108 support gave way, while $115 refused to budge on the upside. Buyers may consider stepping in between $100 and $102 if we get more downside. Otherwise, see how the IBB does on a retest of $108. Top Stock Trades for Tomorrow 5: Domino's PizzaDomino's Pizza (NYSE:DPZ) is doing well on Wednesday, up about 4% after an upgrade from Morgan Stanley.It's great to see this one back above the 10-week moving average, as it now contends with the 50-week moving average. Bulls may consider buying a breakout over the 50-week or a pullback to the 10-week, assuming it holds as support. * 10 S&P 500 Stocks to Weather the Earnings Storm Domino's is putting in a series of higher lows and looks like it could be prepped for more upside. Some even say it's too cheap. If DPZ goes on a run, see how it does with $290.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long GOOGL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post 5 Top Stock Trades for Thursday: DPZ, NFLX, IBM appeared first on InvestorPlace.
The rout in health-care shares overshadowed the latest batch of earnings reports, which painted a mixed picture on the state of the economy. Morgan Stanley rose, but a rout in Bank NY Mellon weighed on financial shares lower. Inc. jumped to an all-time high after posting solid results, while CSX Corp. and Kansas City Southern lifted transportation stocks.
If you were looking for further proof for how much trouble IBM is in, Wednesday is that proof. I think IBM is set to make a run back at $130-135 a share. The stock moves slowly, but tends to do so in one direction.
The DOD could award its flagship cloud contract as early as July 19, but while JEDI has overcome multiple pre-award protests, it could still be felled.
I'm not yet a believer in the ability of IBM (NYSE:IBM) to make the shift to the new tech world under its current leadership. Every other mega-cap technology company has already adapted to the new ways except IBM. While IBM stock came into its earnings event up 27% year-to-date compared to the S&P 500's 16%, it still trails the index and its competitors tremendously for the long term.Source: Shutterstock IBM is down 25% in five years, while the SPY is up 56%. Microsoft (NASDAQ:MSFT) and Salesforce (NYSE:CRM) are up 200% for the same period. More to that, Cisco (NASDAQ:CSCO) and Oracle (NYSE:ORCL) are up 145% and 38% respectively. So this is proof that old dogs can learn new tricks … except for IBM.Management talks the talk, but for some reason, it's hard to see the results without a forensic technician on hand. If CEO Ginni Rometti has to point out the innovation, then it's probably not as impressive as she thinks it is.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe new formula for tech success is simple. Companies now want to use subscription services that are based in the cloud. Anything else is considered ancient and is off trend. This is likely to continue for a few years. CRM started the model and Amazon (NASDAQ:AMZN) accelerated it with the advent of its AWS.Last night, IBM management missed on sales but managed to beat their bottom line. This means IBM is managing profitability, but it still struggles to meet its revenue expectations. Also, to make things even more confusing they rearranged some of the revenue segments to muddle things. So I caution you on chasing mentions of "cloud" in their statements -- now, it's a matter of showing, not just telling. * 7 Consumer Stocks to Buy and Hold for Years While I'm not an expert on IBM's business, I do know mediocrity when I see it. This report represents its third consecutive decline in quarter sales year-over-year. Clearly IBM needs to make another shift of sorts. Whatever the company is doing now is not working, yet the CEO still gets the benefit of the doubt. At some point, IBM needs intervention so it can transform itself as MSFT did with its new CEO Satya Nadella.My criticism here is not the same as shorting the stock, but it's not a good bullish thesis either. The good news is that fundamentally, IBM stock is cheap as it sells at a price-to-earnings ratio of 12. This is even cheaper than Apple (NASDAQ:AAPL), so there is value below and it's not likely to be a major loss to hold the shares here. It's just stagnating. Bottom Line on IBM StockMaybe its acquisition of Red Hat (NYSE:RHT) is their ticket out of the stock muck in which they are stuck. If so, then a lot is riding on that and if it fails for any reason, both of those stocks are doomed.In addition to its fundamentals, IBM stock can't rally here because it's facing heavy technical resistance. Yes, IBM rallied an amazing 34% off its December lows. But up here it runs into the supply of sellers who have been stuck up since the October disaster. * 10 Best Stocks to Buy and Hold Forever Pivot zones like these are where bulls and bears agree on price so they like to fight it out hard. This creates price action congestion and when a stock is rallying this translates into resistance. All of that means it won't be as easy for IBM stock to breach the $145 zone as it was getting here. Conversely, IBM stock has support above $132 per share, so it would take a big calamity in the equity markets for it to fall below it.If I owned shares, I'd put them to work by selling covered calls against them. This is an easy way to create synthetic dividends above and beyond the company's 4% yield.Another bit of potentially good news is that most analysts have given up on the rally in IBM, so they rate the stock as a HOLD. When IBM finally delivers actual turnaround results there should be a slew of upgrades to cause a buying catalyst for the stock.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post IBM Needs to Show Us It Can Succeed Before It's a Buy Again appeared first on InvestorPlace.
Check out the companies making headlines midday Wednesday:Qualcomm QCOM — Qualcomm surged 12.3%, adding to Tuesday's gains after news broke that the chipmaker reached a settlement with Apple over their royalty dispute , dropping all legal action between the two companies worldwide.
CNBC's Tyler Mathisen, Dominic Chu, Leslie Picker and Contessa Brewer discuss Pinterest's IPO, IBM's meltdown, Godiva's chocolate cafes and the latest Jeopardy champ.