How much trouble is International Business Machines Corp. (NYSE: IBM) in? We recently talked to tech blogger and IBM book author Robert X. Cringely - and he sees a troubled road ahead.
Last summer, Cringely released in The Decline and Fall of IBM: End of an American Icon? In it he explores the missteps that left this once-feared, 100-year-old technology company to lose its edge in a rapidly growing tech landscape. Cringely has been following IBM's decline since 2007.
When will IBM stock rebound? And how? Through cloud? Big Data? Mobile? Security?
Well, the IBM stock price is unmoved by a new Internet of Things initiative announced today (Tuesday). But it could represent something much bigger for IBM that could aid what's been a painful turnaround.
Here's what the IoT development means for IBM stock...
This week, the International Business Machines Corp. (NYSE: IBM) stock price has gotten a reprieve from what has been a long, painful downtrend, as it looks to break above new five-month highs.
IBM stock is up on news about a promising IBM-Chinese partnership, and a product cycle refresh in its mainframes that should help IBM recoup some of its lost revenue in hardware over the last few years.
But don't be so quick to jump in on IBM stock just yet...
For all the reasons to avoid International Business Machines Corp. (NYSE: IBM) stock right now, the IBM dividend may seem like the only reason to buy it.
And while it's always good for stocks to yield some kind of income for investors, the IBM dividend is not by itself a reason to buy IBM stock.
Here's what you need to consider before buying IBM stock...
International Business Machines Corp. (NYSE: IBM) used to be an innovator in tech.
But now it's turned into a secondary tech consulting firm behind the scenes of an ever-growing sector.
None of this is new. IBM has dropped the ball many times. Here is what led IBM to where it is now...
In late October, I warned investors to avoid IBM stock.
At that time, the stock was trading around $162 per share. Today it is trading at a shade under $158 per share, and could be heading much lower.
"Big Blue's" transition, or perhaps we can call it "turnaround," is at best stalling, and at worst, setting investors up for more disappointment as evidenced by its fourth-quarter (2014) earnings report.
In fact, let's cut to the chase right away: IBM's just reported fourth-quarter earnings laid another egg.
It's simply not going well for IBM, and here is how we need to play IBM stock today...
U.S. stock futures for Thursday, Jan. 22, forecasted a 70-point increase from yesterday's close.
This morning, investors jumped on an announcement by Mario Draghi and the European Central Bank (ECB) of a massive bond-purchasing program to help kick-start the struggling continent's economy to the tune of 60 billion euros a month.
The Dow Jones today rose 39 points ahead of tomorrow's critical announcement by the European Central Bank on its stimulus plans. But the Dow's gains were capped by a decline in International Business Machines Corp. (NYSE: IBM) stock.
The CBOE Volatility Index (VIX), the market's fear gauge, slipped 5% on the day.
Here's a look at the top stories from today's trading session...
Stock market futures today (Wednesday) forecasted a 74-point decline from yesterday's close on weak fourth-quarter revenues from tech giant International Business Machines (NYSE: IBM).
Thursday, the ECB is expected to announce its own massive bond-purchasing program to stimulate the currency bloc's dragging markets. But any move that doesn't deliver quantitative easing will no doubt shock markets.
IBM earnings were released today (Wednesday). The verdict - another lousy quarter for sales.
While troubling that sales fell for the 11th quarter in a row, a deeper look at IBM's financials reinforce where the real trouble lies. And they are much more entrenched than a mixed earnings season.
Here's what matters in today's IBM earnings...
The 2015 IBM stock forecast has IBM stock as a "hold."
Big Data and cloud computing are a must for IBM, but declining sales in much more important segments need to first be remedied.
International Business Machines Corp. (NYSE: IBM) stock looks to be in trouble.
IBM stock saw another 1.4% decline in November. This is the third straight monthly decline.
International Business Machines Corp. (NYSE: IBM) stock looks to be in trouble.
Poor management and struggling to keep up with the more innovative tech players have left the company scrambling for a turnaround.
Here's where IBM needs to look if they want to reverse the decline of IBM stock.
The Dow Jones today closed slightly higher, rising 19 points. The S&P 500 Index gained for its third consecutive session, and the Nasdaq was up 1.3%. The S&P 500 Volatility Index (VIX) dipped more than 14% on the day.
Earnings are again in focus this week as a number of key industry players post Q3 results. Q3 estimates have come down slightly in recent weeks. Still, the U.S. economic backdrop remains solid, as reflected in robust Q3 manufacturing output data and recent job growth.
Monday's hot stocks to watch include a leading smartphone maker, a tech titan, and a boutique burrito chain.
Here’s our full list of all seven stocks that will be on the move today.
