|Bid||185.80 x 800|
|Ask||186.81 x 900|
|Day's Range||185.69 - 186.22|
|52 Week Range||115.31 - 186.36|
|Beta (3Y Monthly)||-0.32|
|PE Ratio (TTM)||79.70|
|Earnings Date||Jun 19, 2019 - Jun 24, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||186.86|
Tech Sector: Analyzing the Latest Acquisition Deals(Continued from Prior Part)IBM-Red Hat deal awaits regulatory approvalIBM (IBM) is waiting for approval from European Union (EZU) antitrust regulators for its $34 billion potential acquisition of
BRUSSELS (Reuters) - EU antitrust regulators will decide by June 27 whether to clear U.S. tech giant International Business Machines Corp's $34 billion (£26.8 billion) bid for software company Red Hat. ...
EU antitrust regulators will decide by June 27 whether to clear U.S. tech giant International Business Machines Corp's $34 billion bid for software company Red Hat. The deal, IBM's biggest, will help the ...
These top information technology (IT) stocks have outperformed the rest amid a period of heightened volatility in the tech sector for 2018.
On paper, International Business Machines (NYSE:IBM) has the right components to provide conservative investors and retirees a solid play. Although IBM stock is a boring name relative to its sector's sexy upstarts, it's also a proven commodity. As things get shaky in this geopolitically tense environment, a little stability can go a long way.Source: Shutterstock Unfortunately, the IBM stock price has been anything but stable over recent years. Since mid-2014, shares have gyrated between hope and despair. Broadly speaking, though, "Big Blue" has disappointed stakeholders.Even more emblematic is this year's trading, with the equity taking an early lead before going flat. Now, a question exists whether it can reasonably sustain its newfound momentum. Despite some obvious headwinds, I believe investors' patience will ultimately be well-served.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Retirement Stocks That Won't Wilt in a Bear Market A Closer Look at IBMInvestment-research firm MoffettNathanson gave some food for thought, although the bulls probably wish it hadn't. According to the company's latest report, the legacy tech giant will experience "little to no growth" in earnings over the next three years. Moreover, an activist investor could demand changes, causing an unpredictable ripple in the IBM stock price.It's understandable why MoffettNathanson or any analyst would have a pessimistic view. Right now, IBM is on the verge of buying out open-source software developer Red Hat (NYSE:RHT). When it was first announced, the news made waves as it would allow Big Blue to compete in the cloud.However, bearish analysts anticipate the markets penalizing the IBM stock price for a credibility problem. Despite substantial efforts, IBM lags behind cloud leaders Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT). Also, other competitors like Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) and Alibaba (NYSE:BABA) are gaining ground. IBM Stock Isn't AwfulFrom purely topical numbers such as cloud revenues, it's easy to dismiss the IBM stock price as overvalued. After all, this is a legacy company older than most InvestorPlace readers.That said, it's tough to make an apples-to-apples comparison among various cloud players. Primarily, this is because many companies include segments that lever critical nuances to the analysis. For instance, Microsoft's commercial cloud revenue includes Office 365, which can distort the bigger picture.Why? Because Office 365 is both a retail and a commercial platform. Right now, people starving students up to Fortune 500 companies use Office 365. Due to this vast coverage, it's hard to pinpoint what customers a cloud company is attracting.Platforms like AWS and Azure appeal to the masses, which means higher volume and lower margins. Companies like IBM and Oracle (NYSE:ORCL) are the opposite. More or less, they seek industry titans, resulting in lower volume but higher margins.The idea behind the Red Hat buyout is to catalyze Big Blue's synergies which are attractive to the alpha dogs. As IBM CEO Ginni Rometty mentioned, she's not interested in Red Hat simply to consume its resources. Instead, Rometty envisions an accretive venture, one that will "unlock the full value of the cloud" for large-scale businesses.Even without the Red Hat deal, the legacy tech giant offered arguably superior synergies for its cloud clients. This isn't just about data storage, of which the company levers several massive data centers. Instead, IBM offers holistic coverage, ranging from administrative functions up to cognitive machine learning.And believe me, the machine learning part is no gimmick. Big Blue has already displaced white-collar workers with artificial intelligence. In terms of big business, IBM stock is a very credible investment. The Competition WorryingAnother reason why investors shouldn't panic over nearer-term noise is the competition. Yes, Amazon and Microsoft are the current sales leaders, but they can't afford to rest on their laurels.As I mentioned above, these two tend to attract smaller clients. Due to this dynamic, they must constantly fight against the inevitable churn rate.An important point for those thinking about buying IBM is that rival cloud platforms aren't as tip-top as typically advertised. Through forums like Reddit, I've seen many complaints about AWS' cumbersome nature. Apparently, the support service for AWS is also lacking.I'm not surprised about Amazon's cloud problems. Don't get me wrong: I think AMZN is a great long-term investment. But it's also a disruptive one that is stretched wide. In trying to be the jack-of-all-trades, it risks not mastering the essentials.IBM, though, is singularly focused on business technologies: it's literally written into their name. With the Red Hat acquisition and synergies, the company could turn a corner, finally. Plus, with the IBM stock price relatively cheap against prior highs, it makes for a solid contrarian buy.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Cloud Stocks to Buy on Overcast Days * 6 Stable Stocks Worth Buying for Protection * 5 Active Vanguard Funds That You Have to Own Compare Brokers The post Re-imagining the Cloud Will Be the Secret Sauce for IBM Stock appeared first on InvestorPlace.
Are you ready? Hedge funds have now revealed their transactions for the first quarter of 2019\. Thanks to 13F forms filed with the SEC we now know which stocks hedge funds are buying and selling. Such transactions provide a valuable glimpse into the latest ‘Smart Money’ flows. One fund manager in particular stands out from the crowd. Billionaire Warren Buffett– otherwise known as the Oracle of Omaha- is the chairman and CEO of the massive Berkshire Hathaway fund. The fund’s last reported 13F filing for Q1 2019 includes $199,483,708,000 in managed 13F securities.Berkshire’s trades always generate intense speculation, and this quarter is no different. Bear in mind the fund only reports transactions 45 days after the end of the last quarter, so it is possible that shares have been bought or sold since the last filing date.Now without further ado, let’s turn to TipRanks to discover 3 stocks Warren Buffett is buying now: Amazon (AMZN)Welcome to this quarter's big winner. Buffett has at last initiated a position in Amazon with 483,300 shares worth about $860.6 million. This means Amazon still has a way to go before it becomes one of the fund’s major players. Although Buffett disclosed the new investment earlier this month, only now can we see the size of this stake. But be aware: Buffett himself was not responsible for this particular investing decision. “One of the fellows in the office that manage money ... bought some Amazon, so it will show up in the 13F,” Buffett told CNBC on May 2. “Yeah, I’ve been a fan, and I’ve been an idiot for not buying” Amazon shares, Buffett said. “But I want you to know it’s no personality changes taking place.”Indeed, the hedge fund guru has long been vocal about his appreciation for both Amazon and CEO Jeff Bezos- now the world’s richest person. “I made the wrong decisions on Google and Amazon,” Buffett told shareholders back at the annual Berkshire Hathaway in 2018. “We’ve looked at it. I made the mistake in not being able to come to a conclusion where I really felt that at the present prices that the prospects were far better than the prices indicated.”> Of Amazon CEO Jeff Bezos, the 88-year-old billionaire revealed: “I had a very very very high opinion of Jeff’s ability when I first him, and I underestimated him… I’ve watched Amazon from the start. I think what Jeff Bezos has done is something close to a miracle … The problem is when I think something will be a miracle, I tend not to bet on it. It would have been far better obviously if I had some insights into certain businesses.” Amazon: Word on the StreetIn fact, Amazon is one of the Street’s most popular stocks right now. We can see from TipRanks that 34 out of 34 analysts rate the stock a ‘Buy’. These analysts still see AMZN as a compelling investment opportunity with 19% upside potential. Plus Amazon has a Smart Score of 10/10- thanks to its support from multiple datapoints including positive technicals, fundamentals, and news sentiment. Five-star Monness analyst Brian White is even more bullish than consensus. He has just reiterated his price target of $2,300 (23% upside) following strong 1Q:19 results with significant profit upside. “Amazon has forged ahead with new initiatives and innovations… We believe the company’s growth path is very attractive across the e-commerce segment, AWS, digital media, advertising, Alexa and more” explains White. View AMZN Price Target & Analyst Ratings Detail JP Morgan (JPM)Buffett ramped up the fund’s holding in JP Morgan by 18% to 59.5 million shares worth just over $6 billion. Given that this position was only initiated in 3Q18, it has quickly become one of the fund’s larger holdings. Like with Amazon, Buffett is clearly a believer in JPM’s management team. Buffett has said he reads CEO Jamie Dimon’s annual shareholder letter for insights into the banking industry. And he also partnered with both Dimon and Bezos last year on a not-for-profit health venture for employees called Haven. Meanwhile one of Buffett’s senior investing lieutenants, Todd Combs, sits on JP Morgan’s board of directors. Analysts are cautiously optimistic on JP Morgan’s prospects. The stock holds a Moderate Buy consensus, while the average analyst price target stands at $122 (11% upside potential). “We view JPM as a high-quality core holding in the group. At ~10x our 2020 EPS estimate and ~1.9x TBV, we believe the shares are reasonably priced, but not quite the bargain they were even in the fairly recent past. At this juncture, we think BAC and C are more timely, but JPM is a well-managed company that should create value over time” explains top-rated Oppenheimer analyst Chris Kotowski. He currently has a Hold rating on the stock. View JPM Price Target & Analyst Ratings DetailInterestingly, however, JPM still scores a 'perfect' Smart Score of 10. That's thanks to a bullish outlook from hedge fund managers, corporate insiders, and even financial bloggers. RedHat (RHT)Software stock RedHat is a leading provider of enterprise open source solutions, including high-performing Linux, cloud, container, and Kubernetes technologies. Buffett significantly increased the fund’s RHT holding in Q1 by 22% to 5.1 million shares worth $9.34 million. Monnness analyst Brian White has just attended the RedHat summit. At the event IBM CEO Ginni Rometty reaffirmed that Red Hat will remain an independent company after IBM completes its $34 billion acquisition. The deal has just received approval from the US Department of Justice, and is now waiting for EU approval. “Growing revenue by 17% per annum over the past five years and showing new engines of growth in the ADOET business, we believe investors will continue to pay a premium for the company’s subscription model and the strong secular trends supporting the open source software movement” cheers White. He reiterated his buy rating on RHT with a $190 price target on May 9 (this is also the price paid by IBM per share- a 63% premium on RHT shares back in October when the deal was announced). Note that RedHat boasts a Smart Score of 9, placing it firmly in the Outperform category. See what other financial experts say about RedHat here. And it’s goodbye to: Verizon (VZ)In the quarter the fund exited Verizon completely – the only stock to be sold off. Verizon is only guiding for a low single-digit percentage growth in 2019 and recently reported lackluster earnings results. Meanwhile the fund slashed holdings of the following stocks: 1. Halving its position in multinational energy company Phillips 66 (PSX) to just 5.5 million shares valued at $528 million. 2. Reducing the Charter Communications (CHTR) holding by 18%. The remaining holding is now worth approx. $1.9 billion. 3. Trimming low-cost US airline Southwest Airlines (LUV) by 2% to 53.6 million shares worth $2.8 billion. 4. Selling almost 17 million shares in Wells Fargo (WFC). However, WFC remains the fund’s third biggest holding with a value of $19.8 billion. Year-to-date, WFC has stayed flat- and over the last three years the stock has lost 6%. Nonetheless Buffett only paid an estimated average price for the shares of $30/ stock, and the financial giant is now trading considerably higher at $46/share. Find fresh investing inspiration Here we have looked at Warren Buffett's latest stock picks. But TipRanks covers more than just hedge funds. It tracks and ranks thousands of insiders, bloggers and analysts. The Analysts’ Top Stocks tool reveals which ‘Strong Buy’ stocks analysts have a very bullish consensus on right now. Go to the Analysts’ Top Stocks Tool now.
The size of the investment was disclosed in a regulatory filing detailing Berkshire's U.S.-listed stocks as of March 31. Wednesday's filing includes investments by Buffett and his portfolio managers Todd Combs and Ted Weschler, but does not say who bought and sold what.
It's getting close to 13F filing season and several stocks such as Amazon and JPMorgan are in the spotlight because of it. Furthermore, Microsoft is also in the spotlight due to an unrelated issue concerning some of its software. Without further ado, let's analyze why traders are watching each stock and how the smart money […]
The size of the holding, an investment made by one of Buffett’s deputies, gives more clarity to the wager that Buffett disclosed days before his annual shareholder meeting earlier in May. Berkshire also spent the first three months of the year ramping up bets on JPMorgan Chase & Co. and Red Hat Inc., and paring investments in Southwest Airlines Co. and Wells Fargo & Co., according to a regulatory filing Wednesday. The Amazon holding underscores the growing influence of Buffett’s investing deputies, Todd Combs and Ted Weschler, who have been involved in Berkshire bets on airlines and Apple Inc. Buffett has praised the pair, and Berkshire Vice Chairman Charles Munger has credited the two with bringing “younger eyes” to Berkshire’s strategy.
During the boom market of 2017-2018, TV analyst Jim Cramer took to calling one of his dogs Nvidia (NASDAQ:NVDA), after the graphics chip company whose stock just wouldn't stop rising. Shares that sold for under $50 three years ago went for as much as $281 last October.Source: Shutterstock The shares will probably open around $162 today. Blame President Donald Trump's latest tariffs on Chinese goods, imposed with almost no warning and with an absurd claim that China is paying them to America, when in fact they're a tax American buyers pay.Absent the trade war, Nvidia's business was bottoming out. It is due to report earnings May 16, with net income of 79 cents per share on revenue of $2.2 billion expected, but now, that doesn't matter.InvestorPlace - Stock Market News, Stock Advice & Trading Tips What Is Lost for NVDA StockNvidia's designs make it the leader in gaming graphics. Chinese manufacturing makes the designs affordable, enabling the cloud-based artificial intelligence boom.Chinese manufacturing expertise is essential to the process. Intel (NASDAQ:INTC) just can't deliver the precision of Taiwan Semiconductor (NYSE:TSM). Tariffs don't change that. China has a symbiotic relationship with U.S. technology, not a parasitic one. * 10 Retirement Stocks That Won't Wilt in a Bear Market Nvidia shares bottomed out from their last plunge, caused by an inventory recession, in December, at around $130. But they will head back there soon as the technical indicators on the stock have all broken down. Whether the losses come slowly or in a panicked rush is the only question.And the whole thing is entirely unnecessary, because the business is still doing well. Red Hat (NYSE:RHT), which will soon be a unit of International Business Machines (NYSE:IBM), continues working with Nvidia on machine learning in the cloud.Once it finishes swallowing Mellanox (NASDAQ:MLNX) for $6.9 billion, Nvidia will be able to deliver fast networking fabric to complement its chips, making it a more complete cloud hardware play.Nvidia has a new software development kit, called Isaac, now available to make development of robots easier. Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), which was thought to be replacing Nvidia hardware with its own, is instead adding more support for it within its cloud. Nvidia's new tablet, dubbed Shield, has the power of a desktop computer.Business is great. People are terrific. Life is wonderful.Then along comes Trump. Don't Buy Nvidia NowWhen a tech stock is about to go down, analysts suddenly find excuses for it, and they're finding excuses for Nvidia.Besides the technical indicators, analysts are worried about the latest Advanced Micro Devices (NYSE:AMD) supercomputer, worried that its graphics cards are catching up, and noting that AMD has won the processor contract for Sony's (NYSE:SNE) Playstation 5.Nvidia is in a shouting match with Tesla (NASDAQ:TSLA) over self-driving car tech, there are problems with some of its software drivers, and some Mellanox shareholders are suing, claiming the price Nvidia is paying for their stock is too low. While NVDA stock looks OK long-term, there's just a lot of noise to deal with right now. The Bottom LineNvidia founder and CEO Jensen Huang illustrates why trying to split China from the U.S. is nonsense. He was born in Taiwan, in 1963, but his family emigrated to Kentucky. He has endowed an engineering center at Stanford, with his name on it. He sports leather jackets and is the embodiment of the American dream.But argument has no place against arbitrary power. The best thing for investors to do is wait out the storm and buy when Trump finds another shiny object to hate and decides he needs the tech economy.As I've said many times, trade wars are unhealthy for economies and other living things.Dana Blankenhorn is a financial and technology journalist. He is the author of the 2018 mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at email@example.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 * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post Wait Out the Storm in Nvidia Stock appeared first on InvestorPlace.
On Monday, Beijing made it very clear — almost 5,000 U.S. products will face as high as 25 percent increase in tariffs.
BOSTON, May 13, 2019 /PRNewswire/ -- Red Hat, Inc. (RHT), the world's leading provider of open source solutions, announced at the RED HAT SUMMIT that more than 1,000 customers are using Red Hat OpenShift Container Platform, solidifying Red Hat as a hybrid cloud and enterprise Kubernetes leader. This milestone comes as Red Hat announces the availability of Red Hat OpenShift 4, the next generation of its trusted enterprise Kubernetes platform, to deliver cloud-like simplicity with full-stack automated operations across the hybrid cloud.
BOSTON, May 13, 2019 /PRNewswire/ -- Red Hat, Inc. (RHT), the world's leading provider of open source solutions, announced at the RED HAT SUMMIT the general availability of Red Hat Enterprise Linux 8, the operating system designed to span the breadth of deployments across enterprise IT. For any workload running on any environment, Red Hat Enterprise Linux 8 delivers one enterprise Linux experience to meet the unique technology needs of evolving enterprises. From deploying new Linux workloads into production to launching digital transformation strategies, the next-generation enterprise is built on top of the world's leading enterprise Linux platform.
Red Hat Inc NYSE:RHTView full report here! Summary * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for RHT with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $4.91 billion over the last one-month into ETFs that hold RHT are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today announced it has deepened its alliance with NVIDIA to accelerate the enterprise adoption of AI, machine learning and data analytics workloads in production environments, and is launching an early access program for prospective customers. The NGC container registry provides a rich catalog of GPU-accelerated AI/ML and data analytics containers that can run on a foundation of Red Hat Enterprise Linux and Red Hat OpenShift Container Platform with supported NVIDIA GPUs on-premise and in the cloud.
Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today announced that Emirates NBD, a leading banking group in the United Arab Emirates (UAE), has built a distributed private cloud platform with Red Hat’s hybrid cloud and application programming interface (API) technologies as part of its digital transformation strategy. Its platform provides a common foundation and access to cloud-native services for internal teams, improving integration, collaboration and speed of development.
The senior unsecured bonds will help fund the computer-services giant’s acquisition of Red Hat Inc. The longest portion of the offering, a 30-year security, will yield 1.45 percentage points more than Treasuries, after initial talk of around 1.55 percentage points, according to a person with knowledge of the matter, who asked not to be identified as the details are private. The order book for IBM’s eight-part bond sale was just shy of $40 billion, suggesting some investor indigestion following Tuesday’s offering from Bristol-Myers Squibb Co. The drugmaker managed to sell $19 billion of bonds, one of the biggest sales of the year. High-grade issuance this week could top $40 billion, the most since September, according to data compiled by Bloomberg.
Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today introduced Red Hat OpenShift 4, the next generation of its trusted enterprise Kubernetes platform, reengineered to address the complex realities of container orchestration in production systems. OpenShift 4 is designed to deliver a cloud-like experience across the hybrid cloud by driving automated updates across Kubernetes deployments everywhere.
It won't be long before Red Hat becomes part of IBM, the result of the $34billion acquisition last year that is still making its way to completion
- Co-developed solution brings industry’s most comprehensive enterprise Kubernetes platform to Microsoft Azure