IBM - International Business Machines Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
138.59
+0.23 (+0.17%)
As of 2:58PM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close138.36
Open138.87
Bid138.47 x 900
Ask138.52 x 1100
Day's Range138.41 - 139.68
52 Week Range105.94 - 154.36
Volume1,185,146
Avg. Volume3,404,756
Market Cap122.88B
Beta (3Y Monthly)1.59
PE Ratio (TTM)14.58
EPS (TTM)9.50
Earnings DateJul 17, 2019
Forward Dividend & Yield6.48 (4.65%)
Ex-Dividend Date2019-05-09
1y Target Est147.21
Trade prices are not sourced from all markets
  • Exclusive: China hacked eight major computer services firms in years-long attack
    Reuters8 hours ago

    Exclusive: China hacked eight major computer services firms in years-long attack

    Hackers working for China's Ministry of State Security broke into networks of eight of the world's biggest technology service providers in an effort to steal commercial secrets from their clients, according to sources familiar with the attacks. Reuters today reported extensive new details about the global hacking campaign, known as Cloud Hopper and attributed to China by the United States and its Western allies. A U.S. indictment in December outlined an elaborate operation to steal Western intellectual property in order to advance China's economic interests but stopped short of naming victim companies.

  • DOD Tech Chief Prepares for `JEDI' Cloud Amid Court Battle
    Bloomberg20 hours ago

    DOD Tech Chief Prepares for `JEDI' Cloud Amid Court Battle

    (Bloomberg) -- The Pentagon is preparing for the rollout of its controversial cloud services program even though the requirements of the $10 billion contract are still being challenged in court by Oracle Corp.Dana Deasy, the Pentagon’s chief information officer, asked department leaders for recommendations about how they plan to use the contract and told them not to initiate any other cloud agreements without his consent, according to a copy of the memo obtained by Bloomberg News.Deasy sent the memo dated May 20 to a wide range of Pentagon officials outlining guidance for the “fourth estate” -- the Defense Department agencies that provide human resources, services contracting and other support services to the military -- to identify technology programs that could be transitioned to the Joint Enterprise Defense Infrastructure cloud, or JEDI, and to a preexisting cloud program called milCloud 2.0.The memo sheds insight on how the Defense Department is moving ahead with implementation of the JEDI cloud program even while a legal dispute raises questions about the contract’s terms. Asked whether the Pentagon’s choice for the JEDI award is contingent on a decision in the Oracle lawsuit, Deasy told a group of reporters at a breakfast on Tuesday that “they are two disconnected events.”He added that the JEDI award will likely be decided “sometime toward the end of August.”Deasy’s memo also said that departments that have already gained approval to migrate data to other computing storage centers may continue, but must “evaluate JEDI as the General Purpose cloud solution at the end of the period of performance.” The memo also contained a list of more than 50 expected data center closings. The Defense Department has said JEDI should become the department’s general-purpose cloud to store the “majority of systems and applications.Defense Department spokeswoman Elissa Smith confirmed the authenticity of the memo and added that the Air Force, Army, and Navy have also “begun identifying and prioritizing programs and migrations to JEDI.”Deasy said Tuesday that over the last six months his team has contacted U.S. regional commanders, such as the U.S. Central Command, for a series of “cloud-awareness sessions.”“There is a significant amount of pent-up demand just waiting to use the capability once it comes online,” Deasy said. The U.S. Transportation Command that’s in charge of maritime, aviation and land transport has developed a set of tasks they want to migrate to the Jedi Cloud “as soon as that contract is awarded.”Contested ContractThe contract has been contested by Oracle, which the Pentagon eliminated from the bidding in April along with International Business Machines Corp. for not meeting minimum criteria. That move left Amazon.com Inc. and Microsoft Corp. as the last remaining competitors.Oracle filed a lawsuit in December in the U.S. Court of Federal Claims alleging that the Pentagon crafted overly narrow contract requirements and failed to investigate relationships between former Defense Department employees and Amazon. In May, Oracle filed an amended complaint alleging that Amazon offered two former Pentagon employees jobs while they were working on the contract.The Government Accountability Office and an internal Pentagon investigation determined the conflict of interest allegations didn’t compromise the integrity of the procurement. Oral arguments in the court case are expected to occur in July.(Adds that a lawsuit raises questions about the contract's terms in fourth paragrah. The full name of JEDI was corrected in a previous version of the story.)To contact the reporters on this story: Naomi Nix in Washington at nnix1@bloomberg.net;Tony Capaccio in Washington at acapaccio@bloomberg.netTo contact the editors responsible for this story: Sara Forden at sforden@bloomberg.net, Larry LiebertFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Tech Giants Lose Out on Business Opportunities Amid Trade Tiff
    Zacksyesterday

    Tech Giants Lose Out on Business Opportunities Amid Trade Tiff

    Trade-war is taking a toll on technology stocks' financial performance as the companies lose out on significant business opportunities.

  • 3 Reasons Bitcoin Is Fundamentally Flawed as an Investment
    Motley Foolyesterday

    3 Reasons Bitcoin Is Fundamentally Flawed as an Investment

    The world's most popular cryptocurrency just surpassed $11,000, but inherent flaws make it a terrible long-term investment.

  • China’s Biggest Startups Ditch Oracle and IBM for Home-Made Tech
    Bloombergyesterday

    China’s Biggest Startups Ditch Oracle and IBM for Home-Made Tech

    (Bloomberg) -- Sign up for Next China, a weekly email on where the nation stands now and where it's going next.For years, companies like Oracle and International Business Machines invested heavily to build new markets in China for their industry-leading databases. Now, boosted in part by escalating U.S. tensions, one Chinese upstart is stepping in, winning over tech giants, startups and financial institutions to its enterprise software.Beijing-based PingCAP already counts more than 300 Chinese customers. Many, including food delivery giant Meituan, its bike-sharing service Mobike, video streaming site iQIYI Inc. and smartphone maker Xiaomi Corp. are migrating away from Oracle and IBM’s services toward PingCAP’s, encapsulating a nation’s resurgent desire to Buy China.PingCAP’s ascendancy comes as the U.S. cuts Huawei Technologies Co. off from key technology, sending chills through the country’s largest entities while raising questions about the security of foreign-made products. That’s a key concern as Chinese companies modernize systems in every industry from finance and manufacturing to healthcare by connecting them to the internet.“A lot of firms that used to resort to Oracle or IBM thought replacing them was a distant milestone, they never thought it would happen tomorrow,” said Huang Dongxu, PingCAP’s co-founder and chief technology officer. “But now they are looking at plan B very seriously.” IBM, which gets over a fifth of its revenue from Asia, declined to comment. Oracle, which gets about 16%, didn’t respond to requests for comment.China has long tried to replace foreign with homegrown technology, particularly in sensitive hardware -- it imports more semiconductors than oil. That imperative has birthed global names like Huawei and Oppo and even carried over into software in recent years, as Alibaba Group Holding Ltd. and Tencent Holdings Ltd. expand into cloud services. That effort has gained urgency since Washington and Beijing began to square off over technology.“China has always wanted to use domestic tech and in areas like cloud, it’s been very successful,” said Julia Pan, a Shanghai-based analyst with UOB Kay Hian. “While it wants to use Chinese chips, its technology is just not there, but when it’s mature enough, they very likely will replace overseas chips with domestic ones.”Now, a coterie of up-and-coming startups are encouraging Chinese firms to go local. Customers use PingCAP to manage databases and improve efficiency, allowing them to store and locate data on everything from online banking transactions to the location of food delivery personnel.Backed by Matrix Partners China and Morningside Venture Capital, PingCAP is competing in a sector traditionally dominated by companies such as Oracle and IBM. The market is expected to grow an average 8% annually to $63 billion globally in the seven years through 2022.The startup is one of the newest members of a cohort of open-source database providers such as PostgreSQL and SQLite that are upending the market. Researcher Gartner forecasts that 70% of new, in-house applications worldwide will be developed on open-source database management systems by 2022.PingCAP -- mashing the term for verifying a web connection, ping, and the CAP computing theorem -- was founded by three programmers whose former employer, a mobile-apps company, was acquired by Alibaba. Inspired by Google’s Cloud Spanner, which pioneered the distributed database model, the trio -- Huang, Liu Qi and Cui Qiu -- began creating an open-source database management system that would allow companies to infinitely expand their data storage by simply linking more servers to existing ones.“Think of traditional database mangers like a fixed glass container, every time you run out of storage you have to get a bigger one,” said Huang. “What our system does is that you can link as many cups together as you want.”Their idea caught on with investors and venture fund hot shots including Matrix agreed to invest about 10 million yuan ($1.4 million) in 2015. To date the company has raised more than $71 million and has about 190 employees.PingCAP is working in a space where competition is fierce -- its database TiDB currently only ranks 121 among global peers, according to database rank compiler DB-Engines, which uses mostly mentions on social media and discussion forums as key metrics. Other open-source database managers such as PostgreSQL ranks 4th and its direct competitor CockroachDB, which also focuses on distributed database systems, leads PingCAP by 30 spots. The Chinese startup also operates in a market where it’s difficult to make money -- PingCAP only has a couple dozen paying customers in China and makes about 10 million yuan in revenue a year. Their best shot is to create successes that can be later replicated on a larger scale, said Owen Chen, an analyst with Gartner. “Work with the 10% early adopters free of charge, and make money off the 90% followers later,” he said.That’s why Huang is working with big names like the Bank of Beijing and Mobike -- so it can create templates for each sector. “Only one thing is certain, data will continue exploding,” said Richard Liu, a founding partner at Morningside Venture Capital. “We have the patience to wait before they figure out the best revenue model.”PingCAP has one thing going for it: Chinese customers are increasingly willing to experiment with technology. Data supplied by some 2,000 companies -- more than 300 in-production users and 1,500 who are testing its system -- will provide PingCAP with what Matrix Partner Kevin Xiong says is akin to a supply of ammunition.“You need bullets to train someone to become a stellar marksman, and PingCAP right now has a lot of bullets,” said Xiong, who invested in the company.Huang points to how PingCAP’s database helped tide over Chinese bike-sharing giant Mobike during stressful days when user and transaction numbers exploded on a daily basis -- at its peak in 2017 the company said it handled as many as 30 million rides a day.“It was a really challenging time for us, and [open-source database] MySQL was no longer able to meet our demands given the jump in data volume,” said Li Kai, a senior tech director at Mobike. “PingCAP really helped us big time.”Huang and his team also made it easy for IT departments to jump ship. With one key stroke, companies could export their entire database on MySQL over to PingCAP’s. Some are considering moving their most sensitive data including transactions and customer info over, Huang said without disclosing names.Yu Zhenhua, an IT manager at Bank of Beijing, said China is constantly trying to enhance information security while his industry wants to lower costs as it rapidly expands. “TiDB’s service meets the demands of what we want in a distributed database manager,” Yu said in a statement posted on PingCAP’s website. A representative for the lender didn’t respond to emailed queries about its collaboration.Longer term, PingCAP wants to venture beyond China -- but there, the geopolitical spat is proving an impediment. Earlier this year, PingCAP was ready to embark on an expansion into the U.S. and said it was already in discussions for getting some prominent tech startups to use its software. Now the prospects of winning over American clients are clouded.“We’re not seeing any immediate impact on our business in the U.S. but the trade war does force us to look at the long term uncertainties of getting important U.S. clients in finance or tech to move to our platform,” Huang said.\--With assistance from Olivia Carville, Nico Grant, Lucas Shaw and Gao Yuan.To contact the reporter on this story: Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Colum Murphy, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Financial Timesyesterday

    How smart tech is helping people with dementia

    Mention “dementia research” and most people will think of scientists looking for biomedical ways to diagnose, treat and eventually cure degenerative brain diseases. This month sees the launch of a £20m Care Research and Technology Centre at Imperial College London, as well as the start of a project to investigate the use of Lidar — the spatial perception technology incorporated in self-driving cars — to help look after people at home. Other recent initiatives include a smartphone app to remind people with dementia how to carry out everyday tasks and an experiment to personalise live radio.

  • IBM (IBM) Gains As Market Dips: What You Should Know
    Zacks2 days ago

    IBM (IBM) Gains As Market Dips: What You Should Know

    In the latest trading session, IBM (IBM) closed at $139.35, marking a +0.11% move from the previous day.

  • GuruFocus.com2 days ago

    Why IBM Has Investment Potential

    An evolving strategy could be a catalyst for the stock

  • IBM Partners With Cloudera to Bolster Big Data Solutions
    Zacks2 days ago

    IBM Partners With Cloudera to Bolster Big Data Solutions

    IBM's hybrid cloud infrastructure, the latest deal is likely to bolster the top line, consequently aiding IBM to compete better against peers.

  • Those she/her/hers at the end of email messages are more than a passing trend
    Quartz2 days ago

    Those she/her/hers at the end of email messages are more than a passing trend

    At the end of May, TIAA, the financial services and investing giant, rolled out new gender-identity awareness guidelines for its client-facing consultants. The guidance included: “Never assume someone’s gender identity” and “Be aware that a person’s pronouns can change over time. More remarkably, it stated: “Create the space for gender inclusion by asking for a client’s preferred name and pronouns and/or by sharing yours (‘Hello, my name is Jane and my pronouns are she/her.

  • 5 High-Yield Dividend Stocks to Watch
    Motley Fool4 days ago

    5 High-Yield Dividend Stocks to Watch

    If you're looking for big dividends, these five stocks are worth a deep dive. But watch closely if you jump aboard these high yielders.

  • Cloudera News: CLDR Signs Deal with IBM
    InvestorPlace5 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.com5 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.

  • IBM, Cloudera Announce Strategic Partnership
    PR Newswire5 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 ...

  • The Rise of the "Pot-Bots" -- Can Investors Profit From Technology That's Disrupting How Cannabis Is Sold?
    Motley Fool5 days ago

    The Rise of the "Pot-Bots" -- Can Investors Profit From Technology That's Disrupting How Cannabis Is Sold?

    This technology is intriguing and could change how cannabis and CBD are bought and sold. But are there any great investing opportunities?

  • Better Buy: Google vs. IBM
    Motley Fool5 days ago

    Better Buy: Google vs. IBM

    Which tech giant is the better buy today?

  • TheStreet.com6 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.

  • The New Oracle Looks Like the Old IBM
    Motley Fool6 days ago

    The New Oracle Looks Like the Old IBM

    The tech giant buys another earnings beat as its revenue growth stays sluggish.

  • Naturgy, One of Spain's Leading Utility Companies, Signs Hybrid Cloud Services Agreement with IBM to Boost Digital Transformation
    PR Newswire6 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.

  • 7 Blue-Chip Stocks to Buy for a Noisy Market
    InvestorPlace7 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.

  • IBM Stock Has an 18% Rally at Hand
    InvestorPlace7 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.

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