If the violent International Business Machines Corp. (NYSE: IBM) stock price movements this year are any indication of investor sentiment, then it's clear that Wall Street is clueless.
And that's understandable. Its current iteration is not what it has been known for historically, and it's undergoing a tough transition.
Here are the basics and what you need to consider before buying IBM stock...
If the violent International Business Machines Corp. (NYSE: IBM) stock price movements this year are any indication of investor sentiment, then it's clear that Wall Street is clueless.
And that's understandable. Its current iteration is not what it has been known for historically, and it's undergoing a tough transition.
Here are the basics and what you need to consider before buying IBM stock...
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Just after the bell yesterday (Monday), International Business Machines Corp. (NYSE: IBM) earnings were released.
And the results were dismal. So dismal, in fact, that the IBM stock price has fallen as more than 5% in pre-market trading, erasing all the gains it has made in the last two weeks.
And it's no wonder that following IBM earnings, the market punished the IBM stock price...
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The International Business Machines Corp. (NYSE: IBM) stock price today is hardly budging after it fell 1.8% yesterday (Thursday).
IBM is always putting out some statement about how IBM is going to invest billions of dollars into some initiative with little added details. But a recent announcement of a Facebook partnership was not just a typical PR gambit. It highlighted just where the real promise was in IBM.
Here's what the IBM stock price today says about the market's misreading of the company...
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