IBM - International Business Machines Corporation
| Previous Close | 149.68 |
| Open | 150.16 |
| Bid | 150.74 x 1400 |
| Ask | 150.75 x 1000 |
| Day's Range | 150.01 - 151.94 |
| 52 Week Range | 105.94 - 154.36 |
| Volume | 1,820,344 |
| Avg. Volume | 3,434,512 |
| Market Cap | 133.582B |
| Beta (3Y Monthly) | 1.55 |
| PE Ratio (TTM) | 15.57 |
| EPS (TTM) | 9.68 |
| Earnings Date | Oct 16, 2019 |
| Forward Dividend & Yield | 6.48 (4.33%) |
| Ex-Dividend Date | 2019-05-09 |
| 1y Target Est | 148.53 |
- Yahoo Finance Video•4 days ago
IBM shares climb on Q2 earnings beat
IBM reported better than expected second-quarter earnings and maintained its full year guidance. Yahoo Finance's Heidi Chung joins Seana Smith on 'The Ticker' to discuss.
- Bloomberg•1 hour ago
CEOs’ Dividend Actions Speak Louder Than Words
(Bloomberg Opinion) -- Earnings season kicks into high gear this week, and expectations are low. Profits for the second quarter are expected to be little changed to lower from a year earlier amid the escalating trade wars and a slowing economy. Sentiment expressed in public communications by the biggest U.S. companies slumped in June to the lowest level in at least a year, according to Goldman Sachs. That sounds like a perfect time to be a contrarian.With the exception of Elon Musk and a few others, CEOs tend to be fairly reserved when discussing the outlook for earnings. They certainly want to exude confidence, but they also don’t want to set unrealistic expectations. That way they can be seen as heroes when results exceed estimates in a game known as “underpromise and overdeliver.”So when it comes to insight into performance, it pays to look at what CEOs are truly doing rather than what they are saying. And in that regards, Jim Paulsen believes U.S. businesses are in better shape than company executives are letting on judging by the level of dividend payments, which increased 7.5% on a per-share basis from Sept. 30 through Friday, Bloomberg News reported, even though profit rose only 1.1%. International Business Machines Corp., Molson Coors Brewing Co. and Stanley Black & Decker Inc. are among the members of the S&P 500 that have incraesed their dividends in recent weeks. Who is Jim Paulsen? Following the stomach-churning performance of stocks in the last quarter of 2018, during which the S&P 500 Index tumbled as much as 19.3%, few strategists were willing to declare that the bottom had been set. One who did was Leuthold Group’s Paulsen. In a research note dated Jan. 3, when the S&P 500 closed at 2,447.89, he wrote that with a little investor optimism, a dovish Federal Reserve and an economy that avoids falling into recession, the S&P 500 could soar to 3,000 for the first time.The S&P 500 did top 3,000 this month, much sooner than most anyone on Wall Street expected. So what does Paulsen think now? He says investors are likely to be pleasantly surprised by what they hear from corporate executives in coming weeks, helping to support equities. He bases that on the fact that companies continue to raise dividend payments despite recent listless profitability.Paulsen points out how the current period contrasts with the early 2000s and early 2008, when dividend increases came to a halt as profit growth stalled. More important, when S&P 500 earnings declined during 2015-16, companies continued to raise dividends and earnings ultimately began to advance anew. “Although corporate CEOs are expressing anxieties, they are ‘acting’ confidently, suggesting they continue to expect satisfying earnings results in the coming year,” Paulsen says.Are company executives in denial? Outside of metrics tracking the consumer, there are no shortage of indicators showing that the escalating trade wars are acting as a drag on the economy. The Federal Reserve Bank of Atlanta’s GDPNow index, which attempts to gauge economic growth in real time, is tracking at a weak 1.61% rate; it was above 4% this time last year.And in a Friday report, Goldman economists outlined findings drawn from 4,000 earnings and conference call transcripts by S&P 500 companies over a year that showed a “sharp increase in negative mentions” of growth. International relations, including references to foreign countries and trade, were less prominent than other topics, but negative words had surged “and appeared responsive to the slowdown in global growth and continued escalation of trade tensions.”There’s no reasons top suspect the trend won’t continue this earnings season. But with profits forecast to drop 2.7% from a year earlier for members of the S&P 500, that’s to be expected. Otherwise, executives would open themselves up to criticism that they are out of touch with reality. That’s why it’s more important to watch what CEOs do this earnings season, rather than what they say.To contact the author of this story: Robert Burgess at bburgess@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Robert Burgess is an editor for Bloomberg Opinion. He is the former global executive editor in charge of financial markets for Bloomberg News. As managing editor, he led the company’s news coverage of credit markets during the global financial crisis.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- TheStreet.com•6 hours ago
IBM's Stock Is Too Cheap to Be Ignored
IBM is unjustifiably one of the cheapest companies offering cloud-based software solutions. Big Blue continues to spew out significant amounts of free cash flow, and its Q2 2019 results show that IBM continues to improve its fundamental operations. Since that time, its stock is up approximately 22% compared with the S&P500 which is only up 13%.
- Zacks•3 days ago
Caterpillar (CAT) Set to Report Q2 Earnings: What to Expect
Caterpillar (CAT) is a company that has had somewhat of a quiet year, with shares up 7.7% year-to-date.
- Zacks•3 days ago
Is Microsoft a Buy After Solid Q4 Earnings?
Microsoft is set for new heights after a stellar quarter.
- InvestorPlace•3 days ago
Friday’s Vital Data: IBM, Microsoft and Barrick Gold
U.S. stock futures are trading higher this morning in a continuation of yesterday's rally. After a two-day slide, the recent rebound is reassuring traders that bulls are still in control of the overall trend.Source: Shutterstock As we head into the first minutes after the bell, the Dow Jones Industrial Average is up 0.36%, and S&P 500 is higher by 0.36%, while the Nasdaq-100 has added 0.45%.Yesterday's action in the options pits saw a surge in overall trading volumes. Calls ran hot throughout the session, eclipsing the 20 million mark for the first time in a while. By the closing bell, about 21 million calls and 17.4 million puts changed hands.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe call surge was enough to knock the CBOE single-session equity put/call volume ratio back down from the one-month high tagged on Wednesday. The metric closed at 0.60, landing it right on top of the 10-day moving average. * 10 Tech Stocks That Are Still Worth Your Time (And Money) On Thursday, options traders zeroed in on earnings announcements and gold stocks. International Business Machines Corp. (NYSE:IBM) and Microsoft Corporation (NASDAQ:MSFT) saw heavy traffic surrounding their quarterly reports. Elsewhere, Barrick Gold (NYSE:GOLD) shares were bid to the moon amid the ongoing gold rush.Let's take a closer look: IBM (IBM)IBM reported earnings Wednesday night, and the Street cheered the results, gifting its share price with a 4.6% gain. The rally pushed IBM stock to a fresh nine-month high and placed it on firm footing to make a run toward $160. Ahead of the report, the tech titan had already made progress on its price trend. With it now trending above all major moving averages, the path of least resistance is higher.Digging into the numbers reveals a slight decrease in revenue compared to the year-ago quarter. IBM was able to clinch a 3% rise in adjusted earnings, however. Adjusted earnings was $3.17 per share on revenue of $19.16 billion. According to FactSet, analysts were calling for earnings of $3.08 on $19.17 billion in revenue.On the options trading front, traders gobbled up calls throughout the day. Total activity ballooned to 685% of the average daily volume, with 173,767 contracts traded. 65% of the trading came from call options alone.With the uncertainty of earnings in the rearview mirror, implied volatility sunk back to more normal levels. At 24%, the reading now sits at the 45th percentile of its one-year range. Premiums are baking in daily moves of $2.27 or 1.5%. Microsoft (MSFT)Microsoft is one of this year's biggest winners among the large-cap tech space, and the gains are set to continue after last night's robust report.For the fiscal fourth quarter, MSFT raked in earnings of $1.37 per share on revenue of $33.72 billion. The Street was calling for $1.21 per share on $32.77 billion, so consider this a strong beat on both fronts.MSFT stock is poised to open up around 3% this morning, pushing the company well north of the $1 trillion market cap. Its year-to-date gains have now climbed to 38%.On the options trading front, traders favored calls ahead of the number. Activity swelled to 315% of the average daily volume, with 500,809 total contracts traded. Calls claimed 55% of the session's sum.The expected move heading into earnings was $3.95, so this morning's gap is right in line with forecasts. Three cheers for market efficiency! Barrick Gold (GOLD)Gold and silver prices are going bananas. They are this summer's must-have asset, and gold mining stocks are riding the coattails of the popularity. Yesterday's breakout in Barrick Gold sent the miner to a new 52-week high amid heavy volume.And speaking of volume, the past six weeks' ascension has seen accumulation days galore signaling a mass influx of institutions into the space. The gains have been sufficient to pull the 200-day moving average higher, which is saying something because it's been stuck in the mud for over a year.On the options trading front, traders came after calls with a vengeance. Activity ramped to 282% of the average daily volume, with 109,783 total contracts traded. Calls contributed 83% to the day's take.The increased demand drove implied volatility higher to 37% or the 48th percentile of its one-year range. Premiums are pricing in daily moves of 40 cents or 2.3%As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post Friday's Vital Data: IBM, Microsoft and Barrick Gold appeared first on InvestorPlace.
- GuruFocus.com•3 days ago
US Stock Market Advances Thursday
Alcoa jumps on financial results Continue reading...
- Thomson Reuters StreetEvents•3 days ago
Edited Transcript of IBM earnings conference call or presentation 17-Jul-19 9:00pm GMT
Q2 2019 International Business Machines Corp Earnings Call
- Market Realist•3 days ago
Trump Calls for Revisit of JEDI Contract amid Complaints
On Thursday, in response to a question about the JEDI contract, President Trump said he'd been hearing complaints.
- InvestorPlace•3 days ago
3 Big Stock Charts for Friday: eBay, Intel and Mohawk Industries
The market managed to snap out of a two-day funk before it raced out of control, with the S&P 500 logging a gain of 0.36% on Thursday. Nevertheless, the volume behind the move was modest, and the weight of the gains since early June are still bearing down.Source: Shutterstock The gain took shape despite Netflix (NASDAQ:NFLX), which fell 11% after last quarter's subscriber growth fell well short of estimates. Helping keep stocks in the black despite Netflix's stumble, above others, were International Business Machines (NYSE:IBM) and Philip Morris International (NYSE:PM). Shares of Big Blue improved more than 4% following its second quarter earnings beat, and the cigarette company's stock jumped more than 8% after it crushed its Q2 outlooks.It's the stock charts of eBay (NASDAQ:EBAY), Intel (NASDAQ:INTC) and Mohawk Industries (NYSE:MHK) that offer the most promising trade prospects as the week comes to a close, however. Here's why, and what to look for.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Intel (INTC)It would be easy to give up on Intel here, after the reversal that began to take shape in late May seems to have stalled. It's too soon to throw in the towel just yet, though. INTC stock has found support right where it needed to most, and may only simply be preparing its next move. * 10 Tech Stocks That Are Still Worth Your Time (And Money) If such an effort is brewing and manages to take hold, however, there's a fair amount of upside that could actually be captured in a short period of time. Click to Enlarge• The support in question was offered by the critical 200-day moving average line, plotted in white on both stock charts. This week, it's kept Intel from sinking any lower (highlighted).• That support, however, will mean nothing until INTC stock moves above the gray 100-day moving average line, which more or less coincides with a handful of highs around the $50.50 level.• The long-term pattern favors a move above current levels. Pushing up and off of a support level that now tags all the key lows since the beginning of 2018, plotted in red on both stock charts, a move to the $58 area would repeat and complete the pattern.• Still, there's a decided lack of volume behind the bullish effort thus far. Mohawk Industries (MHK)At the beginning of this month Mohawk Industries was pegged as a good breakout candidate. Though the thrust from June had rolled over, it found a technical floor at the idea spot and turned high again. The move underscored a much bigger upside effort that started to take shape late last year.MHK has knocked over another impasse in the meantime. The technical ceiling that capped the early July gain where June's peak was to be found has been hurdled as well. The backdrop isn't too shabby either. Click to Enlarge• The technical ceiling in question is $153.50, plotted in blue on both stock charts, marking where Mohawk made its last two highs.• Though hardly above average, the volume that had been missing since the late-June bounce is finally starting to take shape.• The rebound from last year's miserable pullback puts that weakness well into the rearview mirror, but also leaves no clear technical ceiling. Last July's high near $228 is the next most plausible resistance. eBay (EBAY)The initial reaction to Wednesday's post-close earnings report from eBay was extreme bullishness, unwinding a sizeable (even if not earth-shattering) setback suffered during Wednesday's regular hours action. It looked like the pause since mid-June was going to give way to a new rally.Thursday's bullishness faded quickly though, and in a big way. While EBAY stock still ended the day with a gain, it ended the day well below the highs, and the stage is set for much more weakness with even just the slightest of slipups. Click to Enlarge• Tall bars made on high volume often indicate pivot points. In this case two consecutive tall bars on volume surges suggest that the profit-takers were and are tearing in, and were planning to do so no matter what.• Zooming out to the weekly chart, we can see that the last overbought condition that coincided with a pullback from a tall weekly bar from early 2018 turned out to be a major pivot point as well.• The key here is the $38.84 area, marked in yellow on the daily chart. That's where eBay shares made a low on Wednesday, but also in late June. A move under that level could prove problematic.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post 3 Big Stock Charts for Friday: eBay, Intel and Mohawk Industries appeared first on InvestorPlace.
- Zacks•3 days ago
Dow 30 Stock Roundup: MSFT, JPM, IBM, JNJ, GS Earnings Impress
The Dow endured a volatile week, primarily due to renewed trade tensions, after gaining strongly earlier this month
- InvestorPlace•3 days ago
AT&T Stock is Now the Content Play Formerly Known as a Tech Stock
AT&T (NYSE:T) has begun the hard task of trying to pay back the debt it took on buying Time Warner. T stock investors got a sense this week of just how difficult that's going to be, as they were reminded of how big of a mistake the company made on the deal.Source: Shutterstock The company took to the airwaves this week to try to convince the world that its outsourcing of cloud to International Business Machines (NYSE:IBM) is somehow getting it back into the tech game.IBM said it will run its software defined network operations through AT&T and the two companies will also go to market together. But it's clear from IBM's press release that if money is moving here, it's moving from AT&T to IBM, not the other way around.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBetween the lines of this week's announcement, it's clear that AT&T is out of the technology business. Hide the LayoffsAT&T is quietly moving toward yet-another round of layoffs while insisting that calling them layoffs is misleading. More T-speak is in store.A plan to start charging $4/month to block spam is sold as an automatic block on robocalls. Grants to study quantum computing are spun as AT&T entering the space.A "me-too" streaming service called HBO Max is called innovation because it includes 20-year old re-runs while AT&T quietly cuts headcounts at WarnerMedia. * 10 Stocks to Sell for an Economic Slowdown AT&T is grabbing for cash wherever it can find it. Bounty hunters and stalkers are being told just where their victims are without regard to consequences. Customers who sue are being told by AT&T lawyers they have no rights in court and must go to binding arbitration it controls.AT&T has pushed through multiple price increases at DirecTv Now while playing hardball with network affiliates, taking them off its systems. Desperate for CashThere's good reason for AT&T to be nickel-and-diming everyone. You won't find it in the income statement. Look at the balance sheet and statement of cash flows.In March AT&T reported it had $185 billion in long-term debt but only $152 billion in property, plant and equipment. It claimed more than $162 billion worth of "intangible assets" and $146 billion of "goodwill" to boost its asset total to $583 billion. There is also $104 billion in undefined "other liabilities."AT&T reported $11 billion of operating cash flow, but $5.4 billion went back into maintaining the debt load and $3.7 billion was needed to pay its dividend. The best cash flow report in a year showed $1.2 billion in net cash.As I noted a few weeks ago, AT&T has an enormous technology debt. Much of its physical plant is obsolete, wires for phone services no one wants. Its wireless unit will increasingly compete with its U-Verse cable as 5G is rolled out. Cord-cutting means those Warner Media cable channels aren't worth what you think, either. * 7 Dependable Dividend Stocks to Buy The reason you buy AT&T stock is for that 51 cents per share dividend. But the more AT&T pounds the table to bring the stock price up, the less valuable even that becomes. The stock market's recent rise has pressured the yield from almost 6.6% to about 6%. The stock enters trade July 17 a nickel higher than the analysts' average target price for this time next year. Bottom Line on AT&T StockIf AT&T CEO Randall Stephenson wanted to bet the company on a big acquisition, he should have bought IBM. It's at least a technology company. Instead he bought Time Warner, a media company whose assets mostly serve the dying niche of cable.If AT&T can squeeze profits from captive customers for the next 10 years, it might make a dent in its debt load. But the assets are rapidly declining in value. This story will not end well.Dana Blankenhorn is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post AT&T Stock is Now the Content Play Formerly Known as a Tech Stock appeared first on InvestorPlace.
- American City Business Journals•4 days ago
This week in NYC funding news: IBM 'revisits' the moon... VCs break mega-round record
Phreesia, Kronos Bio Inc., Kaleidoscope Lab, Near, AlphaSense, Capital Rx, Altonomy, Bulletin and Umbrella each raised funding.
- GuruFocus.com•4 days ago
US Indexes Close Higher Thursday After 2 Days of Losses
S&P; 500 gains 0.36% Continue reading...
- Bloomberg•4 days ago
Trump Says He’s Looking ‘Very Seriously’ at Pentagon Cloud Deal
(Bloomberg) -- President Donald Trump said he’s looking “very seriously” at a cloud-computing contract valued at as much as $10 billion that the Pentagon is likely to award to Amazon.com Inc. next month.“I’m getting tremendous complaints about the contract with the Pentagon and with Amazon,” he told reporters Thursday during a meeting with Netherlands Prime Minister Mark Rutte at the White House.The contract wasn’t competitively bid, Trump said. The Pentagon is holding a competition for the contract, but Trump said that companies are complaining that the terms favor Amazon, the dominant player in cloud computing services. Microsoft Corp. is the only other company that hasn’t been eliminated from consideration.Bloomberg News reported Wednesday that Trump recently raised concerns about the contract with aides after learning of correspondence Republican lawmakers have exchanged with the Pentagon and the White House criticizing the bidding process.Some Republicans have alleged that the contract’s terms were crafted from the start to favor Amazon, and that there were conflicts of interest involving the company as the Pentagon considered bids.“I will be asking them to look at it very closely to see what’s going on,” Trump said in apparent reference to the Defense Department, “because I have had very few things where there’s been such complaining. Not only complaining from the media -- or at least asking questions about it from the media -- but complaining from different companies like Microsoft and Oracle and IBM. Great companies are complaining about it.”Some supporters of the Pentagon process pushed back on Trump’s comments. Four House Republicans on the Armed Service Committee, including ranking member Mac Thornberry, wrote a letter to Trump on Thursday saying “it is essential for national security” to move forward with the contract “as quickly as possible.”“Further delays will only damage our security and increase the costs of the contract,” they wrote.Trump and BezosWhile Trump didn’t mention Amazon founder Jeff Bezos by name on Thursday, he has long denounced the billionaire in tweets criticizing him on many fronts -- from the shipping rates his company pays the U.S. Postal Service to his personal ownership of what Trump calls “the Amazon Washington Post.”Oracle Corp. has fought the contract process and has led a fierce lobbying campaign against the Pentagon’s plans to award the project, known as Joint Enterprise Defense Infrastructure or JEDI, to a single bidder. But the company lost a legal challenge last week contesting the terms of the bid and alleging the Pentagon had crafted unfair requirements and that there were conflicts of interest involving Amazon.In April 2018, Oracle’s Chief Executive Officer Safra Catz dined with Trump at the White House and complained that the contract terms seemed designed for Amazon to win, Bloomberg has reported. The final requirements for the contract were released in July of that year.International Business Machines Corp. said in a statement after Trump’s comments that it “has long raised serious concerns about the structure of the JEDI procurement. We continue to believe that the Department of Defense and our men and women in uniform would be best served by a multi-cloud strategy” rather than the Pentagon’s plan for a winner-take-all award.Oracle and Microsoft had no comment on Trump’s remarks.“We are aware of the remarks and have nothing to add at this time,” Elissa Smith, a Defense Department spokeswoman, said in an email.Intervention’s RarePresidents and their advisers often set out their visions for defense spending and technology priorities, and Trump has spoken out on matters from the cost of F-35 fighter jets to paint colors for new Air Force One planes.But it’s rare for a commander-in-chief to intervene in specific Defense Department contract competitions because they are governed by extensive laws and regulations intended to wall off billion-dollar awards from political influence, according to experts on the contracting process.“The system is explicitly set up to prevent political officials from being able to influence the outcome of a contract,” said Stan Soloway, chief executive officer of Celero Strategies LLC. The president “can’t pick winners and losers.”Federal agencies have to clearly outline the requirements and criteria they will use to choose a winning bid. Losing bidders can challenge a decision to the Government Accountability Office or in the Court of Federal Claims, contending that the ground rules set in a solicitation weren’t followed. Oracle already has lost a court case challenging the handling of the JEDI contract.But a president has more freedom to exert influence over a project’s structure and acquisition strategy, which could effectively help some companies and hurt others, said Trey Hodgkins, the chief executive officer and founder of Hodgkins Consulting.“He can shine a spotlight on the process and ask the question: Is this the best option for the warfighter? Is this the best deal for the taxpayer?” Hodgkins said. “I don’t know that it would be politically prudent to ignore executive-level scrutiny of the decision making process.”(Updates with lawmakers’ letter starting in seventh paragraph.)To contact the reporters on this story: Jennifer Jacobs in Washington at jjacobs68@bloomberg.net;Naomi Nix in Washington at nnix1@bloomberg.netTo contact the editors responsible for this story: Alex Wayne at awayne3@bloomberg.net, ;Sara Forden at sforden@bloomberg.net, Justin Blum, Larry LiebertFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- GuruFocus.com•4 days ago
3 Stocks With the Financial Strength to Withstand the Market Heat Wave
Stocks with high profitability, predictability and margin growth Continue reading...
- Investor's Business Daily•4 days ago
IBM, EBay Move Into Buy Range As Quarterly Results Beat Expectations
IBM and eBay both moved into buy range Thursday, following quarterly results that beat expectations. EBay retook a buy point after reporting a 28% earnings advance and a 2% rise in revenue.
- InvestorPlace•4 days ago
Nasdaq Today: Netflix Plunges on Earnings, Microsoft’s on Deck
U.S. equities wavered on the day, with stocks initially falling on Thursday as investors digest another round of earnings. However, the indices jumped abruptly in the final 120 minutes of trading. After settling down a bit, investors eventually saw a 0.27% advance in the Nasdaq today. The PowerShares QQQ ETF (NASDAQ:QQQ) tacked on a 0.11% gain.Source: Shutterstock The S&P 500 and Dow Jones also rose on Thursday.Of course, the main discussion right now is earnings. As interesting as the banks can be, we've finally got a big one to talk about: Netflix (NASDAQ:NFLX).InvestorPlace - Stock Market News, Stock Advice & Trading Tips Tech Earnings Kick OffNetflix reported earnings of 60 cents per share, which fell 30% year-over-year but beat analysts' expectations by 4 cents. Unfortunately, this isn't a story about profits, it's a story about growth and NFLX failed to deliver -- big time. * Dow Jones Today: An Impressive Comeback Revenue of $4.92 billion grew 33% year-over-year, but was only in-line with estimates. It's surprising NFLX didn't miss, given that subscriber results missed so badly. In the U.S., Netflix lost 126,000 subscribers, well below the 300,000 subscribers analysts were expecting it to add in the quarter. It was the company's first decline in eight years. Internationally, Netflix added 2.8 million subs, which came up short of expectations for 4.8 million.It's no surprise that shares tanked more than 10% on the day and closed near the lows. We've mentioned a few times over the past few weeks that increasing competition and Netflix losing some its top shows could be a problem. It's not like NFLX is going anywhere, but with negative free cash flow and little in the way of profits, investors may not be willing to assign it such a premium valuation.Surprisingly, the other FANG stocks took Netflix's beating pretty well.International Business Machines (NYSE:IBM) beat bottom-line expectations but -- shocker -- came up short on revenue. Still, the Street looked past the miss and bid up shares of IBM, which is now quite close to new annual highs. (Here's the trade setup). Click to EnlargeShares of eBay (NASDAQ:EBAY) climbed 1.9% on Thursday, after beating on earnings and revenue expectations. However, that's well off the stock's initial 7.6% rally to $42, which set a new 52-week high in the process. Let's see if there's more upside to come in the days ahead or whether $40.50 will remain as tough resistance.Last but not least is Microsoft (NASDAQ:MSFT), which will report earnings after the close. Up 33.5% year-to-date, boasting a $1 trillion market cap and less than 2.5% off its highs sets up for tough bar to hurdle. Expectations call for revenue to grow 9% year-over-year to $32.77 billion and for earnings to jump 7% to $1.21 per share. And you know its Azure unit will be in focus. Heard on the Nasdaq TodayShares of Advanced Micro Devices (NASDAQ:AMD) fell about 3.5% at one point. However, AMD ended down "just" 1.8%, after the company was downgraded by Mizuho analysts. They cut their rating from buy to neutral, but raised their price target to $37 from $33. Seems like it might be an opportunity for investors if AMD goes lower.Apple (NASDAQ:AAPL) caught a lift on the day, rising about 1% on a Raymond James upgrade. The analysts went from market perform to outperform on increased confidence for next year's 5G iPhones. They also bumped Skyworks Solutions (NASDAQ:SWKS) to an outperform rating.In the M&A deal that will never end, reports now suggest that we may soon have an answer for the Sprint (NYSE:S) tie-up with T-Mobile (NASDAQ:TMUS). Apparently, if the Justice Department and the companies can't come to an agreement, the DoJ will sue to block the deal. That may not be what investors want to hear, but just to have a decision would be nice at this point.It's reminiscent of the Qualcomm (NASDAQ:QCOM) deal for NXP Semiconductors (NASDAQ:NXPI). * 5 Top Stock Trades for Friday: IBM, HON, PM, MS, BAC Speaking of Qualcomm, shares sank about 2% on the day after the EU hit it with a $272 million fine. This follows last year's EU fine of more than $1 billion. Of course, QCOM plans to appeal the ruling, but man, does this company have some political risk or what? The DoJ, FTC, European Union, etc. This name seems to move more on government and legal rulings than fundamentals and earnings.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell was long AAPL More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post Nasdaq Today: Netflix Plunges on Earnings, Microsoftas on Deck appeared first on InvestorPlace.
- InvestorPlace•4 days ago
Dow Jones Today: An Impressive Comeback
Stocks started Thursday in the red due in large part to a weak earnings report from Netflix (NASDAQ:NFLX). Shares of the streaming media giant plunged nearly 11% on volume that was more than quadruple the daily average. This after the company said it added just 2.83 million subscribers in the second quarter, well below expectations of 4.8 million.Source: Shutterstock Netflix investors are fretting that Dow component Walt Disney (NYSE:DIS) will pilfer market share from Netflix as that company ramps up its own stream offerings. Interestingly, shares of Disney fell 0.67% today.Even with those trouble spots, the Nasdaq Composite, of which Netflix is a member, gained 0.27% while the S&P 500 added 0.36%. The Dow Jones Industrial Average rose 0.01%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks Top Investors Are Buying Now Before getting into what happened today, I'll take this opportunity to remind readers that Microsoft (NASDAQ:MSFT) reports after the bell Thursday. The Dow component, up 0.11% today, is expected to post adjusted earnings per share of $1.21 on revenue of $32.8 billion. Microsoft's report will go a long way in determining the fate of markets on Friday. Big Blue: IBM SurgesShares of International Business Machines (NYSE:IBM) surged 4.59% on more than triple the daily average after the Dow component posted second-quarter net income of $2.5 billion, or $2.81 a share, up from $2.4 billion, or $2.61 a share, last year. Revenue fell to $19.16 billion from $20 billion. Analysts expected IBM to earn $3.08 a share on revenue of $19.17 billion.While revenue dipped and missed expectations, IBM was able to rally thanks to its cloud computing revenue. Revenue for the quarter was $5.65 billion, beating analysts' expectations calling for $5.55 billion.IBM said it still expects to earn at least $13.90 per share this year. Charge ThisShares of American Express (NYSE:AXP) gained 1.03%, good for the second-best performance in the Dow after IBM. The credit card giant ascended to another record high ahead of its earnings report, due out Friday before the opening bell.The company is expected to report second-quarter earnings of $2.05 per share on revenue of $2.94 billion. Shares of American Express are up nearly 36% year-to-date, making the stock one of the Dow's best performers and one of the best-performing names among large-cap financial services names.With that came some unusual put buying in stock today, indicating some traders are bracing for a post-earnings decline or, at the very least, are hedging long stock positions in AXP. Dialing Up 5GApple (NASDAQ:AAPL) rose 1.14% on some encouraging analyst chatter regarding the company's position in the 5G race."Apple's near-term iPhone problem is mix," said Raymond James analyst Chris Caso in a note. "Apple is selling a much larger mix of legacy iPhones than in the past. The reason, in our view, is twofold: higher prices for flagship phones, coupled with the fact that there's virtually nothing a user can do with an iPhone XS that they can't do with a 6s … think the higher bandwidth and improved connectivity of 5G will provide a more compelling upgrade."Caso upgraded Apple to "outperform" with a $250 price target. Dow Jones Bottom LineWith market participants focusing on earnings, at least for now, some are wondering what the fate of a Federal Reserve rate cut will be. Between better-than-expected earnings and some strong economic data, the Fed may not feel the need to cut borrowing costs this month or anytime soon.On Thursday, the Philadelphia Federal Reserve said its regional manufacturing survey registered at 21.8 in June, the best reading this year, and well above estimates calling for a reading of 5. The Fed is, in its own words, data dependent, and the better the data, the less likely a rate cut becomes.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post Dow Jones Today: An Impressive Comeback appeared first on InvestorPlace.
- InvestorPlace•4 days ago
5 Top Stock Trades for Friday: IBM, HON, PM, MS, BAC
The stock market again took a break from its robust rally as it digests more earnings results. We've seen plenty of mixed results, but so far, the market is handling the news pretty well. Here are a few top stock trades to watch going into the last trading day of the week. Top Stock Trades for Tomorrow 1: IBM Click to EnlargeInternational Business Machines (NYSE:IBM) started off lower on the day, but climbed more than 4.5% later in the day after reporting its earnings results. InvestorPlace - Stock Market News, Stock Advice & Trading TipsLast week, IBM stock pushed over downtrend resistance (blue line) and this week's move cements it. That prior downtrend mark is now a must-hold level for investors. I would love to see IBM stock stay above the trio of candlesticks that marked the weekly closing highs for the past 52 weeks. That's the black line that comes into play near $146. If it holds, shares could run into the mid- to high-$150s and possibly challenge the 2018 highs. Below the ~$146 mark and we'll need to see if the 10-week moving average holds as support. Top Stock Trades for Tomorrow 2: Honeywell Click to EnlargeLook at the beautiful "inside day" Honeywell (NYSE:HON) is printing after reporting its quarterly results and raising guidance. An inside day occurs when the entire range of the second day is "inside" the range of the prior trading session.Of course, this one is even more interesting as HON stock initially lost, then reclaimed the 50-day on Thursday, but couldn't get above the 21-day moving average. Hmm. This sets up a range trade.Below Wednesday's lows and HON is likely heading lower. Above Wednesday's highs -- remember, that's the prior session -- and HON is likely heading higher. At least, until it runs into potential downtrend resistance (blue line). Top Stock Trades for Tomorrow 3: Philip Morris Click to EnlargePhilip Morris (NYSE:PM) stock erupted 9% after better-than-expected earnings results. The move on the weekly chart thrust the stock above a key downtrend level, as well as the $87 mark. As long as PM holds above $87, bulls can justify a long position. Below it and we'll need to see the 200-week moving average hold as support. On the upside, let's see if PM can push through Thursday's highs and $90. Top Stock Trades for Tomorrow 4: Morgan Stanley Click to EnlargeMorgan Stanley (NYSE:MS) caught a slight lift after reporting second-quarter earnings. The stock continues to put in a series of higher lows and is maintaining above all of its major moving averages. However, it's having trouble pushing through resistance between $44 and $45. Like most major bank stocks, resistance continues to keep these names in check. Over $45 and a move to $46.50 is possible. Above that and $49 is doable. On a pullback, see that $43 holds as support. Below is concerning. Top Stock Trades for Tomorrow 5: Bank of America Click to EnlargeAnother example of a bank stock struggling to breakout? Bank of America (NYSE:BAC).The stock flirted with a breakout over $29.50 on Wednesday after beating on earnings expectations. However, the stock gave up most of its gains going into the close before holding short-term support at $29. BAC stock is stuck in a very tight range between $29 and $29.50. However, it's got plenty of bullish catalysts working in its favor, including earnings growth, revenue growth and a continually rising dividend and buyback. Its valuation continues to drop, too. * 7 Stocks Top Investors Are Buying Now If it can push through $29.50, it could trigger a breakout, first to $30 and possibly up toward $30.75. A move below the 21-day moving average and $29 is concerning.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post 5 Top Stock Trades for Friday: IBM, HON, PM, MS, BAC appeared first on InvestorPlace.
- InvestorPlace•4 days ago
10 Tech Stocks That Are Still Worth Your Time (And Money)
The technology sector may have led the charge this year, up more than 40% since the late-2018 low. But, as we head into the dog days of summer and what's usually a slow patch for the third year of a presidential term, those very same tech stocks are looking uncomfortably vulnerable to a wave of profit-taking.Not every technology name is too risky to step into at this time, however. There are a handful of them with more upside ahead than behind. Granted, it takes some scouring to find them, but they're out there. * 10 Best Cryptocurrencies to Keep on Your Radar To that end, here's a rundown of the top tech stocks to buy in an environment that's not decidedly bullish. A handful of them may be a little off the radar, but that's the point. The broad sector tide tends to push the most familiar names around with it. Standouts tend to march to the beat of their own drum, and are equipped to perform here in the second half of 2019.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Intel (INTC) Click to EnlargeThere's no getting around the fact that Advanced Micro Devices (NASDAQ:AMD) caught rival CPU maker Intel (NASDAQ:INTC) off guard back in 2016.Largely left for dead, mired in its own irrelevancy, AMD's CEO Lisa Su hit the ground running with a plan, when she took the helm back in 2014. A couple years later, AMD's new Ryzen series of processors and impressive leaps with graphics processors and 7 nanometer technology put Intel on its heels.AMD played a big role in creating the headwind that has held INTC stock since, and a string of uncovered security flaws in some of its older processors did the rest of the work.No company becomes more innovative and effective than a company fighting to hold onto its leading position in its respective markets though, and Intel is (finally) doing that. Although its 7 nanometer CPUs have been put off until 2021, stop-gap technologies like its Ice Lake architecture are powerful enough compared to similarly priced options, while Intel gets back in the game.The recent weakness in INTC stock is a chance to step into an underestimated company on the cheap. The trailing and forward-looking price-to-earnings ratios are both just over 11. L3Harris Technologies (LHX) Click to EnlargeIn some circles it's still just being called L3, though as of April, a so-called merger of equals gave birth to what's now properly called L3Harris Technologies (NYSE:LHX) … an organization that spans the defense contractor and technology space.It has not been a poor performer. In fact, it's up more than 40% year-to-date, and seemingly still going strong. * 10 Monthly Dividend Stocks to Buy to Pay the Bills There's confusion within the actual act of the merger though, which was only completed at the beginning of this month when the new ticker "LHX" went into service. Still not knowing where to look, and in many cases still lacking any analyst outlooks, many investors don't know or can't fully appreciate that a 10% dividend hike has already been put in place, and a twelve-month stock-buyback program of $2.5 billion has already been established. Alphabet (GOOGL) Click to EnlargeAlphabet (NASDAQ:GOOG, NASDAQ:GOOGL), parent of search engine giant Google, may have gotten this year started on the right foot. That early advance was clearly up-ended in early May though, when an earnings miss sent the stock careening from a high near $1,280 to a low near $1,000 in early June.Investors largely lost perspective though. Sales were still up year-over-year last quarter. Operating cash flow was up year-over-year too. While per-share profits fell even when stripping out the impact of a steep fine, however, this is still Alphabet, which still owns Google. It's proven to be one of the best stocks to buy specifically because the company finds a way to constantly renew its reach into consumers' digital lives. It's proven a particularly good buy on dips like the one seen just a few weeks ago. Microchip Technology (MCHP) Click to EnlargeWhen investors think of tech stocks to buy, Microchip Technology (NASDAQ:MCHP) isn't a name that tends to come up first, if at all. The company isn't exactly on the front lines, so to speak, putting its logo on the hardware technology owners hold in their hands or have on their desks.In turbulent times though, perhaps being a little bit off the radar is a good thing.To that end, Microchip Technology has solid exposure to the pieces of the technology market that are solidly resistant to cyclical headwinds. It makes microcontrollers, analog and digital converters and LED-backlighting solutions, just to name a few. Its wares are found in everything from automobiles to smart meters to home appliances, and more. * 10 Stocks Driving the Market to All-Time Highs (And Why) This diverse product base is a key part of the reason that, though it ebbs and flows in the meantime, the bottom line reliably grows for the long haul. Square (SQ) Click to EnlargeWhile rival Paypal Holdings (NASDAQ:PYPL) continues to be the dominant player in the alternative payments space -- particularly now that it owns Venmo -- Square (NYSE:SQ) somehow seems to be making inroads with younger consumers that are starting to enter their highest earnings years.More important, it's drawing a larger crowd on the newest frontier of the payment space. As of June, Instinet says, there are more active users of Square's peer-to-peer money transfer app than there are users of PayPal's option.If that's a microcosm of how Square's payment processing platform resonates with consumers (and it at least partially is), then the younger company is well positioned to take more than its fair share of the ever-changing money middleman market.Perhaps more important, this year's and next year's strong revenue growth is expected to drive a major push into profitably. Last year's bottom line of 47 cents per share is projected to reach 76 cents this year and $1.12 next year. Dell Technologies (DELL) Click to EnlargeAlthough taken private in 2013, computer maker Dell Technologies (NYSE:DELL) became a publicly traded entity again in 2018 following a complex spin out and repurchase from VMware (NYSE:VMW).It has been a well-received return thus far. Although volatile, the long-standing advance since 2016 when it was still a tracking stock of VMWare is still in place, with this year's selloff starting to be unwound again.Investors are still struggling to find analyst outlooks for the new/reborn company, while those who've found some have to like what they see. Next year's projected earnings of $7.29 per share on respectable revenue growth translates into a forward-looking P/E of less than 8. * 7 of the Best Smart-Beta ETFs to Target Right Now Perhaps better still, Gartner says PC shipments grew by 1.5% last quarter. It's a start. Arista Networks (ANET) Click to EnlargeArista Networks (NYSE:ANET) was not only bold enough to take on a venerable Cisco Systems (NASDAQ:CSCO) within the networking market, it was savvy enough to capture a respectable piece of the market. Capitalizing on Cisco's complacency, Arista leveraged its software-driven, cloud-based solutions into more than $2 billion worth of revenue over the course of the past four quarters.That's still relatively small in the grand scheme of things, and ANET is still a relatively expensive stock. It's one of the best stocks to buy among tech stocks, however, as it's en route to a big coming-of-age next year.With top-line growth expected to reach just under 20% this year and next, last year's per-share profits of $7.96 are projected to reach $10.56 next year. That translates into a forward-looking price-to-earnings ratio of right around 26 … a very reasonable price to pay for a small cap facing the kind of opportunity Arista has in front of it. FireEye (FEYE) Click to EnlargeIt's not the biggest cybersecurity outfit, and it may not be the best. FireEye (NASDAQ:FEYE) stock, however, may be the name in the business offering the most upside to newcomers if Stoic Point Capital Management analyst Raj Shah's intuition is on target.Shah wrote last month "We estimate FireEye trades at a nearly double-digit 2021 FCF yield and is worth $23-$30 per share, driven by continued execution and leverage." Shah went on to explain "Cybersecurity spending is expected to grow at an 8% CAGR over the next few years, well ahead of overall IT spending growth. It is a unique pocket of enterprise spending as companies are reticent to be thrifty amid state-sponsored cyberattacks, data leaks, and privacy concerns." * 7 Battery Stocks for High-Powered Gains Investors lost faith in the story late last year, but are starting to wade back into the trade. International Business Machines (IBM) Click to EnlargeThe turnaround International Business Machines (NYSE:IBM) CEO Ginni Rometty is leading has been interesting to watch, even if ineffective thus far. Despite solid revenue growth from the company's so-called "strategic imperatives" like mobile and security, it has not been enough to offset headwinds on other fronts. Last quarter's total top line was down nearly 5%.The tech giant may have reached a turning point though. While this year's top line is expected to shrink by another 3%, next year's estimated revenue suggests revenue will be flat.What happens beyond that is still too uncertain to say with any great confidence, but the deal announced on Tuesday morning to provide software-defined networking solutions for AT&T (NYSE:T) in addition to the recently completed acquisition of Red Hat suggest IBM may truly be on the cusp of rekindled growth. Corning (GLW) Click to EnlargeCorning (NYSE:GLW) may not be the growth machine it once was, but don't count it out. What it lacks in raw horsepower it more than makes up for in value and reliability. The 5G evolution that's now underway? The bulk of the data loads that the new high-speed wireless technology will facilitate won't actually be handled wirelessly, but rather, through fiber optic cables like the ones Corning makes.That's not necessarily the reason Corning is quietly one of the best stocks to buy, however. Rather, Corning is a standout among tech stocks largely because the company's leadership is so deliberate and self-directed. Just after completing a four-year, goal-oriented plan it called its "Strategy and Capital Allocation Framework" earlier this year, it unveiled another one called "Strategy and Growth Framework." * Top 7 Semiconductor ETFs to Buy Now This 2020-2023 plan is specifically going to dive into new kinds of glass pharmaceutical packaging at the same time it continues to capitalize on the growing mobile touch-screen market.As of this writing, James Brumley held long positions in Alphabet and FireEye. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post 10 Tech Stocks That Are Still Worth Your Time (And Money) appeared first on InvestorPlace.
- Benzinga•4 days ago
Analysts On IBM: Solid Growth, But Cloud Is A Weak Spot
IBM (NYSE: IBM ) reported second-quarter results , which one analyst praised for showing growth in important areas while another said cloud revenue was a "real weak spot." The Analysts KeyBanc's ...
- Motley Fool•4 days ago
AT&T Inks Two New Cloud Deals With Microsoft and IBM
But one of these deals seems a lot clearer than the other.
- Market Realist•4 days ago
IBM’s Q2 Earnings and Red Hat Acquisition
On Wednesday, IBM's Q2 earnings came out after the market closed. The announcement followed IBM's Red Hat acquisition earlier in July.
- Motley Fool•4 days ago
Stock Market News: Aurora Gets Burned; IBM Gets Over the Blues
The summer doldrums continued on Wall Street despite many companies reporting earnings.
