IBM - International Business Machines Corporation
| Previous Close | 138.85 |
| Open | 138.44 |
| Bid | 138.85 x 3200 |
| Ask | 0.00 x 800 |
| Day's Range | 138.39 - 139.54 |
| 52 Week Range | 105.94 - 154.36 |
| Volume | 5,191,920 |
| Avg. Volume | 3,424,714 |
| Market Cap | 123.421B |
| Beta (3Y Monthly) | 1.59 |
| PE Ratio (TTM) | 14.65 |
| EPS (TTM) | 9.50 |
| Earnings Date | Jul 17, 2019 |
| Forward Dividend & Yield | 6.48 (4.67%) |
| Ex-Dividend Date | 2019-05-09 |
| 1y Target Est | 147.21 |
- Motley Fool•2 days ago
5 High-Yield Dividend Stocks to Watch
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- InvestorPlace•3 days ago
Cloudera News: CLDR Signs Deal with IBM
Cloudera news for Friday about the company signing a deal with IBM (NYSE:IBM) has CLDR stock moving.Source: Shutterstock This new deal between Coudera (NYSE:CLDR) and IBM is an extension of a previous deal between IBM and Hortonworks. Hortonworks is a cloud company that merged with Cloudera earlier this year. This new deal will add Cloudera's platform for IBM's use.The Cloudera news also means that IBM is going to start reselling its Enterprise Data Hub and DataFlow services. At the same time, Cloudera will begin reselling IBM's Watson Studio and BigSQL.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe Cloudera news means that the two companies will be working together to bring more AI solutions to customers. This includes targeting organizations that are operating across the Apache Hadoop ecosystem.Here's what Scott Andress, Vice President of Global Channels and Alliances for CLDR, has to say about the Cloudera news."By teaming more strategically with IBM we can accelerate data-driven decision making for our joint enterprise customers who want a hybrid and multi-cloud data management solution with common security and governance. We are pleased to have expanded our relationship with IBM, and I am very encouraged by the momentum that our companies have continued to generate together since the merger." * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 CLDR was hit hard earlier this month when it released its most recent earnings report. What was hammering away at the stock was the company's mixed outlook for fiscal 2020. It also announced it is losing its CEO that same day.CLDR stock was up slightly as of Friday morning, but is down 49% since the start of the year. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Cloudera News: CLDR Signs Deal with IBM appeared first on InvestorPlace.
- Barrons.com•3 days ago
IBM Stock Could Get a Lift From Red Hat Earnings
Big Blue, which is buying the software company, should benefit from Red Hat’s strong earnings report after the deal is completed, says Evercore ISI.
- PR Newswire•3 days ago
IBM, Cloudera Announce Strategic Partnership
Building on a long-standing relationship with Hortonworks, IBM teams with Cloudera to align joint solutions ARMONK, N.Y. , June 21, 2019 /PRNewswire/ -- IBM (NYSE: IBM ) and Cloudera (NYSE: CLDR) today ...
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- TheStreet.com•4 days ago
Red Hat Tops Revenue Estimates
posted revenue ahead of analyst estimates for the latest quarter after the market closed Thursday. , said it took in $934 million for the latest period vs. analyst estimates of $931.6 million. Red Hat said adjusted net income for the period was $186 million, or $1 a share.
- Motley Fool•4 days ago
The New Oracle Looks Like the Old IBM
The tech giant buys another earnings beat as its revenue growth stays sluggish.
- PR Newswire•4 days ago
Naturgy, One of Spain's Leading Utility Companies, Signs Hybrid Cloud Services Agreement with IBM to Boost Digital Transformation
BARCELONA, Spain and MADRID, June 20, 2019 /PRNewswire/ -- Naturgy, one of Spain's largest suppliers of gas and electricity, serving more than 18-million customers in more than 30 countries, has announced a ten-year agreement with IBM [NYSE:IBM] to help implement a hybrid cloud strategy to support a secured and flexible network. In taking advantage of a hybrid cloud environment, Naturgy will now have the means to help digitally transform its internal and customer-facing operations This effort is to help Naturgy adapt to today's digitally savvy consumers and rising customer demands including broader self-service, and greater billing transparency with flexible prices.
- InvestorPlace•5 days ago
7 Blue-Chip Stocks to Buy for a Noisy Market
No matter where you look recently, the concept of stocks to buy in any industry looks risky. For years, poor and worsening relations between the U.S. and China have dominated media headlines. That situation does not appear to have an imminent solution. But several other factors are now weighing on domestic markets.First, the Trump administration threatened tariffs on imported goods on Mexico unless they helped control Central American migration. The two sides reached an agreement, but the underlying relationship is icy. Second, India has hit the U.S. with retaliatory tariffs due to the latter kicking out the former from its preferential-trade program. Finally, an inverting yield curve threatens the markets, including even viable blue-chip stocks.Again, from all angles, this environment looks like an absolute mess. Invariably, if these headwinds come to roost at once, we would face substantial volatility. Still, I'm confident in the longer-term case for blue-chip stocks to buy. No matter how bad the economy gets, companies must still get business done.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 Therefore, I think it pays to pick relevant, "big-ticket" names for your portfolio. Should the worst happen, they'll likely ride the storm better. If not, even better: a rising tide lifts all boats. With that in mind, here are seven blue-chip stocks to buy now: AT&T (T)Source: Shutterstock Let's face facts: giant blue-chip stocks to buy are simply not in vogue anymore. Markets now place more emphasis on nimble organizations that can react to business changes. That's a good quality, particularly if a recession occurs. I still think some wiggle room exists if your name is AT&T (NYSE:T).Is T stock a perfect play? No. I understand the many criticisms that focus on AT&T's massive debt load. At just under $164 billion on the latest read, it's like the gross domestic product of a small nation. I also hear rumblings about its massive and so far disappointing deals, such as DirecTV. Finally, AT&T is hardly what you call a great growth opportunity.Those are all fair points. But it's also important to note that almost every business-related innovation of tomorrow will require 5G technology. With geopolitical tensions with our greatest adversaries in China and Russia, leading in 5G is absolutely critical. Like it or not, this simple fact benefits T stock, and I'm willing to roll with the punches. International Business Machines (IBM)Source: Shutterstock One of the aforementioned innovations that will benefit from the 5G rollout is the cloud; specifically, the mobile-cloud segment. Prior-generation mobile technologies lacked the connectivity speeds to make mobile-cloud apps anything but rudimentary. But once 5G becomes the new standard in wireless internet, it opens up the door for innovators like International Business Machines (NYSE:IBM).I concede that among blue-chip stocks to buy, Big Blue doesn't typically generate excitement. After a strong start to this year, pensive trading has characterized the last few months. Stakeholders of IBM stock are left to wonder if the company's old version is coming back to bite them.Certainly, I sympathize with the hesitation. However, I think it's important to understand that at its core, IBM stock represents viable, big-ticket synergies. IBM is one of the top cloud providers, but it's more than that. The company leads in multiple high-value technologies, such as deep learning, artificial intelligence, and automation.What has set back IBM stock in the past is a lack of cohesion in bringing these synergies together. But key acquisitions, such as the recent Red Hat deal, offers a new vision. Essentially, IBM is laying the groundwork for a comprehensive and scalable solution for cloud applications. We're really talking about IBM 2.0, but the market doesn't realize it yet. Therefore, this is easily one of the stocks to buy right now. ConocoPhillips (COP)Source: Shutterstock So much has changed over the past few decades. One huge development I noticed was in the parking lot of my local Target (NYSE:TGT) store. I noticed rows and rows of Tesla (NASDAQ:TSLA) electric vehicles all waiting to park in a designated area. Initial confusion led to a quick realization: they're waiting their turn to "gas" up.Given the EV revolution, it's hard to imagine spending too much investor dollars on oil giants like ConocoPhillips (NYSE:COP). Although COP stock benefits not just from automotive use, demand is demand. Back when EVs were not a thing, oil companies could play fast and loose with their pricing: at the end of the day, we could complain but what good would it do?Now that consumers have alternatives to fossil-fueled cars, it seems blue chips that are levered to traditional energy markets are going to plummet. However, EVs have their own quirks and inefficiencies that obviously don't make it to the dealership brochure. Plus, let's think about what would happen if EV owners had their way.Imagine if millions of EV owners across America decided to charge up their cars in the dead of summer: we're talking wide-scale brownouts and blackouts. And are we likely to upgrade our infrastructure to accommodate EVs? That's why you should still take a look at COP stock. Southern Co (SO)Source: Shutterstock Speaking of energy-related blue-chip stocks to buy, concerned investors should take a look at Southern Co (NYSE:SO). Logically, if we do have a comprehensive EV revolution, investments like SO stock could jump far higher than they already have.I want to point out that I'm not a fossil-fuel snob. Admittedly, it's a little weird when I see a car silently streak from a standstill to 60 miles per hour. And the cars from the green Formula E racing series sounds like a dog whistle…if I were a dog. But EVs are better for the environment and I get all that jazz.But folks, energy is energy, which requires conversion of a static element to a kinetic force. That process necessarily impacts the environment, but it's something that we all put up with to power our digital lifestyles.For sure, an underlying political factor exists. At some point in the future, fossil-fuel energy may go by the wayside. However, utility firms like Southern Co will very likely be always relevant. They represent an essential cog of our digitalization gear, which is why I like SO stock. Toyota (TM)Source: Shutterstock It's not a perfect comparison, but it's a good starting point for a discussion. On a year-to-date basis, Toyota Motor (NYSE:TM) -- an automotive titan among blue-chip stocks to buy -- is up into double-digit territory, albeit slightly. Tesla, however, is staring at a staggering loss of nearly 30%.Of course, TM stock is winning bigly against TSLA, which is supposed to represent the best of American automotive engineering. I don't think this is a fluke. While the two companies differ in their choice of catalysts, they still have the same headwinds. For example, millennials don't really care for car ownership. Second, geopolitical tensions and trade-related conflicts impose significant pain. Thus, one is doing okay while the other is floundering under the same circumstances.Furthermore, after recently looking into the details of EV ownership, I've come to this conclusion: pure EVs are rich people's toys. They're quirky, lose significant capacity under temperature extremes, and for Tesla, they're not very reliable. That really hurts because EVs, with fewer moving parts, should be inherently more reliable than internal-combustion powered vehicles.Now let's consider the implications for TM stock. For decades, Toyota has garnered worldwide accolade for reliability. In fact, many of their cars are what I would call stupid-reliable. Plus, Toyota has the luxury Lexus brand that appeals to the snob.So while autos generally aren't a great play, TM is one of the stocks to buy for the long haul. Boeing (BA)Source: Phillip Capper via FlickrIf you're judging Boeing (NYSE:BA) strictly on the headlines, it's almost impossible not to have serious doubts. When the first fatal accident involving a Boeing 737 Max occurred, the company enjoyed the benefit of the doubt. As a result, BA stock experienced a relatively quick recovery from the Lion Air incident.But when a 737 Max operated by Ethiopian Airlines tumbled out of the sky, we had a horrific pattern. With mounting evidence against Boeing, BA stock had nowhere to go but down. Understandably, shares still haven't recovered from its bearish trajectory because the optics remain terrible. For instance, Boeing's CEO recently admitted mistakes in communicating the company's onboard-safety system that's at the center of the debate.Sadly, that's just the human-tragedy element of this story. BA stock also faces a competitive threat from Airbus (OTCMKTS:EADSY). Airbus offers very similar products with one obvious advantage: their planes don't kill people.Yet I'd still put Boeing on my list of blue-chip stocks to buy. Of course, this is a riskier contrarian play. However, because the airplane-manufacturing industry is so massive, airliners can't just willy-nilly switch producers. Basically, they have to suck it up, which like it or not benefits BA. Aflac (AFL)Source: Shutterstock I've been around the block long enough to know that the best laid plans don't always go your way. That's the primary catalyst driving stocks to buy in the insurance industry. The biggest one on most people's minds is health insurance. But contrary to common assumptions, just having basic medical coverage won't protect you from financial catastrophe. That's where Aflac (NYSE:AFL) comes in.You probably know Aflac from their comical commercials featuring the talking duck. But AFL stock and its underlying entity does serious business, specializing in supplemental insurance. Their website gives a great explanation of one of their products, demonstrating that a broken leg averages costs over $7,100. Traditional health insurance may only cover 60% of that care, leaving you on the hook for nearly $2,900.For most families, they may not have that money laying around to pay off this unexpected bill. Aflac's supplemental coverage, though, would cover most of that cost, leaving only a minor net out-of-pocket expense.The best part about AFL stock is that it's not just about accident coverage; instead, Aflac offers solutions for multiple segments, including critical illnesses and short-term disabilities.And with the labor market having improved significantly over the years, people may want to protect what they've earned. That's why you shouldn't overlook Aflac when considering blue-chip stocks to buy.As of this writing, Josh Enomoto is long T stock. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post 7 Blue-Chip Stocks to Buy for a Noisy Market appeared first on InvestorPlace.
- InvestorPlace•5 days ago
IBM Stock Has an 18% Rally at Hand
Contrary to your suspicion after reading the title, I was not smoking any cannabis products when I wrote today's note. But let's get the negatives out of the way before sharing the opportunity in IBM (NYSE:IBM) stock.Source: Shutterstock I've been a critic of IBM's management because they have failed at adapting to the new world order. They have yet to complete the transition into the new tech world, which centers around subscription services. They keep talking the talk, but every earnings report shows disappointing progress.Meanwhile, companies like Microsoft (NASDAQ:MSFT) got the job done, and that's why Wall Street rewarded them with record prices. IBM stock is almost 40% below its all-time high so clearly they have more work to do.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Upside in IBM StockHaving said that, today's write-up is to share an 18% upside opportunity in IBM. This is a technical setup and it's completely independent of my opinion of IBM's management. I believe that they need a new CEO, but for some reason Wall Street still hasn't pushed Ginni Rometty out from the job. For today's purpose, this does not impact this bullish opportunity.The entire stock market corrected hard last October and it didn't end until late December. During that time, IBM fell 30%. But the story has a happy ending, because on Christmas the market bounced. IBM stock rallied 35% to recover almost all of its losses. But it stalled at a significant volume level which is a point-of-control around $145 per share. So it failed to recover the $153 to fill the whole correction range.What killed the rally were the most recent earnings. The negative headline reaction caused IBM stock price to fall 13% since mid April. The good news is that this almost fills the gap that the prior earnings spike left open. * 7 Value Stocks to Buy for the Second Half The IBM recent levels are neat. The rallies and corrections happen at levels that make technical sense, so they weren't surprises. And this gives today's opportunity trade clear target and stop-loss levels.For the last few weeks, IBM has been building an inverse head-and-shoulders pattern where the neckline is just above current price. If the bulls can break out from $137, they will invite momentum buyers to carry it up to $145 per share.But this is where it gets interesting, because that would put IBM at the doorstep of an even bigger bullish pattern. If the price can rise above $146, it would kick-start a cup-and-handle-ish pattern to target $160 per share. There will be resistance along the way had $153.Simpy put, I'm suggesting that there is a small bullish pattern developing here that could also launch a secondary and bigger pattern above. Together they would catapult IBM stock to $160 per share or higher. In total, the opportunity from today could exceed 18% upside.This will require the help of the entire market. Today's Fed binary event and next week's China trade deal rhetoric are two big extrinsic variables that could gravely affect the odds of the opportunity at hand. Levels to Watch in IBMSince this is a trade not an investment, stop losses are important. There are lines below to note, but these depend on personal risk tolerances. For the lower-time-frame stops, $134 per share is important. This applies to traders who want a tight stop and do not want to turn this trade into an investment.For traders with a bit more patience, IBM has support through $132 per share. So if the price action can stay above it then today's setup is still alive. Conversely, losing $126.75 would trigger a bearish pattern that would target $118 per share. While this is not my forecast, it is a scenario that exists if things get ugly.There is a twist in this story which is good news for those who are bullish IBM for the long term.On the weekly chart time frame, IBM has been setting higher lows and lower highs and it is coming into a point. More interesting is that this also coincides with important levels from February 2016. When this happens, usually there is a big move that follows but the direction is yet unknown. For as long as IBM continues to set higher lows then odds are that the bulls will prevail. Click to Enlarge And if this is the case then they will break out of the descending trend line of lower highs. So here we have two different bullish setups on different time frames. They converge here so they could combine to make the 18% rally in IBM almost certain. We recently had that happen to Snap (NYSE:SNAP) where two scenarios on two different time frames one long and one short both converged and let to a great rally there.At these levels and since IBM has a forward price-to-earnings ratio of 10 it has little froth in it. Owning it here is not likely to be a financial tragedy. So the upside opportunity is far greater than the downside risk especially if I use tight stops.Or investors can use the options markets, where the out-of-pocket risks is much smaller and the reward is definitely bigger.In options I can buy Aug $160 calls for 60 cents per contract. This is a small price to pay for a time limit bet. But the disadvantage in using options is that time is my enemy. If I own IBM shares, time doesn't diminish their value like in options.That's why I personally prefer selling puts to express my bullish thesis. I can sell the October $100 put and collect $1 to open the trade. This way I don't even need a rally to profit. As long as IBM shares are above $100 in mid October then I win. If IBM collapses, I accumulate losses below $99 per share but that is much better than owning shares and riding them all the way down from here.Options are tricky, so I would never sell naked puts unless I am willing and able to buy the shares at that price. Otherwise, I would use bull put spreads instead.Regardless of the method, today's upside opportunity in IBM's is there for the taking.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. Join his live chat room free here. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Value Stocks to Buy for the Second Half * 7 Hot Stocks to Buy for a Seemingly Sleepy Summer * 6 Chip Stocks Staring At Big Headwinds in 2019 Compare Brokers The post IBM Stock Has an 18% Rally at Hand appeared first on InvestorPlace.
- Market Realist•5 days ago
IBM Turns to Africa to Create Market for Its Quantum Computers
IBM (IBM) has launched a program to train African developers on quantum computing. The company has partnered with more than a dozen African universities to initially train a pool of 200 African students on quantum coding, it said in a press release. IBM’s quantum training program for African students will initially be offered in South Africa in partnership with the Wit University.
- Market Realist•5 days ago
IBM’s Mainframe Ambition Suffers a Blow
IBM (IBM) has decided not to proceed with its mainframe venture with T-Systems after the German antitrust agency made a critical comment about the venture. IBM was poised to pay $962 million to take certain mainframe-related operations and talents from T-Systems.
- Reuters•5 days ago
IBM to win unconditional EU okay for $34 billion Red Hat deal: sources
U.S. tech giant International Business Machines Corp is set to secure unconditional EU approval for its $34 billion bid for software company Red Hat, people familiar with the matter said on Wednesday. IBM is seeking to expand its subscription-based software offerings via the deal, its biggest to date, to counter slowing software sales and waning demand for mainframe servers. It would also help it catch up with Amazon, Alphabet Inc and Microsoft in the fast growing cloud computing business.
- Reuters•5 days ago
EU to clear without conditions $34 bln IBM, Red Hat deal - sources
- Zacks•5 days ago
Red Hat (RHT) to Report Q1 Earnings: What's in the Cards?
Red Hat's (RHT) first-quarter fiscal 2020 results are likely to benefit from robust adoption of OpenShift and Ansible, and strong cross-selling driven by an expanding partner base.
- Zacks•5 days ago
TOTAL's (TOT) Pangea III to Assist Exploration Projects
TOTAL's (TOT) Pangea III supercomputer will assist in further development of global oil and gas operations.
- Zacks•5 days ago
IBM Selected by Total to Build Supercomputer Pangea III
IBM's hybrid cloud infrastructure, the latest offering is likely to bolster the top line, consequently aiding IBM to compete better against peers.
- PR Newswire•5 days ago
IBM's Global Supply Chain Transformation Receives Five Manufacturing Leadership 100 Awards from National Association of Manufacturers
US' Largest Manufacturing Association Recognizes the Innovative Use of AI, Blockchain, and IoT to Improve End-to-End Supply Chain Security ARMONK, N.Y. , June 19, 2019 /PRNewswire/ -- IBM (NYSE: IBM ) ...
- Motley Fool•6 days ago
IBM Notches Another Supercomputer Win
A major oil and gas company will use the powerful new system to run data-heavy workloads.
- American City Business Journals•6 days ago
Forget JEDI — a future CIA bid offers up the next battlefield in fierce cloud wars
The CIA's C2E contract is still in early stages, but will likely intensify the debate over multiple versus single vendors.
- Engadget•6 days ago
IBM AI helps predict breast cancer a year before it appears
Its researchers have developed an AI model that can predict malignant breast cancer within a year with an 87 percent accuracy rate comparable to human radiologists. While there are already AI prediction methods that rely on either mammogram images or medical records, IBM's stands out by using both -- and it's potentially more reliable as a result. The IBM approach trains the AI with anonymized mammography images linked to biomarkers (such as reproductive history) and clinical data, allowing the creation of an algorithm with comparatively high accuracy.
- Zacks•6 days ago
IBM Cloud Integrates POWER9, Expands Hybrid Cloud Adoption
IBM Cloud's increasing adoption on the back of strength in company's hosted private cloud offerings bodes well.
- Barrons.com•6 days ago
AMD Chief Lisa Su on Competing With Intel and Learning From IBM
Long-term bets on technology, and partnerships with Microsoft, Samsung, Amazon, and others have helped Advanced Micro Devices prosper. We spoke to AMD CEO Lisa Su, one of our 2019 World’s Best CEOs.
