22-Nov-2024
Dow ends up 1%, S&P gains with Nvidia sloughing off loss; Nasdaq tips into the green
Seeking Alpha News (Thu, 21-Nov 4:09 PM ET)
US leads AI global power rankings by wide margin, China ranks second
Seeking Alpha News (Thu, 21-Nov 3:43 PM ET)
Dow up 1% as software stocks climb; Nasdaq wavers; bitcoin blasts through $98K
Seeking Alpha News (Thu, 21-Nov 2:10 PM ET)
Japan plans to invest $1.28B in chipmaker Rapidus in 2025: report
Seeking Alpha News (Wed, 20-Nov 10:54 AM ET)
IBM’s Balanced Outlook Amidst Growth Constraints and Market Challenges
TipRanks (Wed, 20-Nov 1:56 AM ET)
Asbury Automotive Group Elects New Director to Its Board
Business Wire (Tue, 19-Nov 4:45 PM ET)
Business Wire (Tue, 19-Nov 4:10 PM ET)
Red Hat Enterprise Linux AI Brings Greater Generative AI Choice to Microsoft Azure
Business Wire (Tue, 19-Nov 1:00 PM ET)
AMD and IBM Team Up to Boost AI Performance with MI300X Accelerators
TipRanks (Tue, 19-Nov 1:31 AM ET)
AMD and IBM Stocks Climb on AI Partnership to Boost Performance
TipRanks (Tue, 19-Nov 1:31 AM ET)
IBM looks to be a part of every aspect of an enterprise's IT needs. The company primarily sells software, IT services, consulting, and hardware. IBM operates in 175 countries and employs approximately 350,000 people. The company has a robust roster of 80,000 business partners to service 5,200 clients, which includes 95% of all Fortune 500. While IBM is a B2B company, IBM's outward impact is substantial. For example, IBM manages 90% of all credit card transactions globally and is responsible for 50% of all wireless connections in the world.
International Business Machines trades on the NYSE stock market under the symbol IBM.
As of November 22, 2024, IBM stock price climbed to $222.97 with 4,645,208 million shares trading.
IBM has a beta of 0.66, meaning it tends to be less sensitive to market movements. IBM has a correlation of 0.13 to the broad based SPY ETF.
IBM has a market cap of $206.17 billion. This is considered a Mega Cap stock.
Last quarter International Business Machines reported $15 billion in Revenue and $2.30 earnings per share. This fell short of revenue expectation by $-102 million and exceeded earnings estimates by $.07.
In the last 3 years, IBM traded as high as $237.37 and as low as $114.56.
The top ETF exchange traded funds that IBM belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.
IBM has outperformed the market in the last year with a price return of +48.0% while the SPY ETF gained +32.4%. IBM has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +14.6% and +5.1%, respectively, while the SPY returned +7.4% and -0.4%, respectively.
IBM support price is $219.22 and resistance is $225.58 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IBM shares will trade within this expected range on the day.