Markets:
DJIA +316.000.93%
NASDAQ +163.951.19%
S&P +38.480.93%
Featured Stocks:
PTON -6.17% 99.93
XRT +1.74% 91.11
TWTR +2.48% 67.33
GME 0.01% 158.51

is IBM in trouble

Article Index

Why the IBM Stock Price Is Rising Right Now

By , Associate Editor, Money Morning • @JimBach22 -

IBM stock price

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...