International Business Machines (IBM)

Re: International Business Machines (IBM)

Postby winston » Wed Jan 03, 2018 9:47 pm

2 Positive Catalysts Will Send IBM Higher

by Matthew Zeets

Summary

IBM has had 22 straight quarters of Y/Y revenue declines.

Mainframe life cycle should drive revenues higher for the next couple quarters.

With the US Dollar looking considerably weaker in Q4 2017 than Q4 2016, IBM should get a boost from the foreign exchange rate.

Source: Seeking Alpha

https://seekingalpha.com/article/413493 ... ngcom_feed
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Re: International Business Machines (IBM)

Postby winston » Wed Jan 03, 2018 9:49 pm

The Contrarian Case For IBM

by Samantha Miller

Summary

After a long five years, IBM appears poised for a return to growth.

In the 11th inning of a historical bull market, IBM offers a defensive name as a hedge against a market downturn with minimal downside risk.

Based on historical return on capital and the potential for modest growth, IBM should generate a return on investment in the high single-digit to low double-digits range.

Source: Seeking Alpha

https://seekingalpha.com/article/413480 ... ngcom_feed
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Re: International Business Machines (IBM)

Postby winston » Wed Jan 03, 2018 10:28 pm

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IBM

This blue chip leader has been crushed and may be offering investors the best entry point in years.

International Business Machines Corp. (NYSE: IBM) is a leading provider of enterprise solutions, offering a broad portfolio of information technology (IT) hardware, business and IT services, and a full suite of software solutions.

The company integrates its hardware products with its software and services offerings in order to provide high-value solutions.

Five major segments comprise IBM:
1) Cognitive Solutions,
2) Global Business Services,
3) Technology Services & Cloud Platforms,
4) Systems and
5) Global Financing.

Analysts cite the company’s potential in the public cloud as a reason for raising price objectives.

The company surprised Wall Street and posted solid third-quarter earnings that sent the shares higher. Merrill Lynch noted this when the company reported:

IBM posted better than expected third quarter revenue in each of the segments, and an in-line EPS that came from operating performance.

Company maintained its full year EPS guide of “at least $13.80” driven by Mainframe cycle and improving software trajectory.

IBM shareholders are paid a large 3.91% dividend. The $200 Merrill Lynch price target is well above the posted consensus target of $163.74. The shares were last seen trading at $154.55 apiece.

Source: 24/7 Wall Street
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Re: International Business Machines (IBM)

Postby winston » Thu Jan 04, 2018 10:34 pm

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IBM: Big Blue, Continued Disappointment

International Business Machines Corp. (NYSE: IBM) has continued to disappoint as the decline in the core IT services business cannot be caught up and overcome by higher stock buybacks, increased dividends and the growth in its cloud, AI and high-growth segments.

IBM was expected to show a return of −2.2% in 2017, but that return was −7.6% instead.

At $153.42 a share at the end of 2017, the stock has a consensus target price of $163.74 and the dividend yield of 3.91% that would generate an expected total return of 10.64% in 2018.

Source: 24/7 Wall Street
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Re: International Business Machines (IBM)

Postby winston » Fri Jan 05, 2018 6:00 pm

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It's Time to Buy IBM, Forget Hot Tech


Shares of IBM are not only cheap, they may have catalysts in place to propel their stocks higher, Jim Cramer contends.

Databases are in full swing and that's very good news for Oracle. But what else is in full swing? Mainframes, which is good news for International Business Machines (IBM - Get Report) .

RBC Capital analysts turned bullish on IBM. Analysts boosted IBM to outperform from sector perform and raised their price target to $180 from $160. Valuation was also a catalyst for the analysts.

"I'm in love with the mainframe cycle because the margins are big," Cramer said, adding that he's surprised investors weren't more bullish about the catalyst.

However, Warren Buffett, a huge IBM investor, had been selling throughout 2017 and that seemed to trump everything else.

Source: The Street

https://www.thestreet.com/story/1443554 ... stock.html
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Re: International Business Machines (IBM)

Postby winston » Tue Jan 16, 2018 9:37 pm

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IBM Earnings Preview: Strategic Imperatives Growth Is Slowing: Can The Company Restart This Engine?

by Brian Gilmartin, CFA

Summary

IBM peaked in 2013 near $215 per share.

Street estimates for next 3 years are expecting no growth.

The estimates are starting to stabilize.

Ultimately, IBM has to generate revenue growth or continue to shrink.

A heavier volume trade above $183 and clients would own the stock again.

What might be a positive about the 4th quarter?

The mainframe business is expected to have a good quarter, as that business line continues to have longevity and the launch of the z14 is expected to improve revenue in Q4.

IBM's forward estimates seem to have stabilized. At least they are not declining, which is small consolation, but it is what it is.

The Cloud business grew 20% last quarter and has a $9-10 billion run rate, per one analyst note.

Per a Jefferies note last October, IBM's software business grew 1% year over year for the first time in 13 quarters in the September '17 quarter.


Source: Seeking Alpha

https://seekingalpha.com/article/413765 ... art-engine
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Re: International Business Machines (IBM)

Postby winston » Thu Jan 18, 2018 6:25 pm

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IBM stock rises after Barclays turns bullish

By Emily Bary

He thinks that after years of declining revenue, the company could be on the verge of showing stabilized sales or even returning to top-line growth.

He's optimistic about the mainframe cycle and its ability to serve as a "buffer" while IBM progresses on newer initiatives.


Source: Market Watch

https://www.marketwatch.com/story/ibm-s ... yptr=yahoo
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Re: International Business Machines (IBM)

Postby winston » Thu Jan 18, 2018 10:30 pm

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What to Look For in IBM Earnings

By Chris Lange

International Business Machines Corp. (NYSE: IBM) is scheduled to release its most recent quarterly results after the markets close on Thursday.

The consensus estimates from Thomson Reuters are $5.16 in EPS and $22.05 billion in revenue. In the fourth quarter of last year, it reportedly EPS of had $5.01 and $21.77 billion in revenue.

Big Blue has continued to disappoint as the decline in the core IT services business cannot be mitigated by higher stock buybacks and increased dividends.

IBM is growing its strategic imperatives efforts in the cloud, artificial intelligence, machine learning and other growth segments.

IBM was only expected to generate a return of −2.2% for all of 2017, using its January bull/bear analysis, but its return of −7.6% was even less impressive.

Another consideration for investors is the reign of CEO Ginni Rometty. This has been a disappointment for investors since it began in 2012. In the past five years, IBM had a high above $210 a share at the start of 2013 and it hit a low of $125 in early 2016.

With market excitement continuing in 2018, IBM was last seen closer to $162. 24/7 Wall St. has identified Rometty as a candidate that needs to go, including her among the 20 worst CEOs of 2017.

It remains questionable whether IBM really will win under tax reform. While the United States had a nominal corporate tax rate of 35%, and while that rate is dropping to 21%, here is what IBM listed as its rate along with third-quarter earnings: effective GAAP and operating tax rates were 11.0% and 14.7%, respectively, and IBM said then that it expected a full-year effective operating (non-GAAP) tax rate of 15% (plus/minus three points, and excluding discrete items).

Excluding Wednesday’s move, IBM is down about 2% over the past 52 weeks. However, the stock is actually up around 7% year to date.

A few analysts weighed in on IBM ahead of the earnings report:

Barclays has an Overweight rating with a $133 price target.
Societe Generale has a Sell rating and a $152 price target.
BMO Capital Markets has a Hold rating with a $175 price target.
KeyCorp has a Hold rating.

Shares of IBM traded up about 3% at $168.73 on Wednesday, with a consensus analyst price target of $164.00 and a 52-week range of $139.13 to $182.79.

Source: 24/7 Wall Street

http://247wallst.com/technology-3/2018/ ... Newsletter
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Re: International Business Machines (IBM)

Postby winston » Fri Jan 19, 2018 8:44 am

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IBM returns to growth, but shares drop after recent rally

Total revenue increased 3.6 percent to $22.54 billion, beating analysts’ average estimate of $22.06 billion.


Source: Reuters

https://www.reuters.com/article/us-ibm- ... r%20Update
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Re: International Business Machines (IBM)

Postby winston » Thu Apr 12, 2018 9:20 am

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One of 2018’s Hottest Buy Recommendations

by Michael A. Robinson

Big Blue currently has 400 blockchain projects underway and about 1,500 employees dedicated to them.

We’re talking about an absolutely massive market in cross-border payments here – $1.8 trillion as of 2015. By 2020, McKinsey expects the market will reach $2.2 trillion.


Source: Money Morning

http://dailytradealert.com/2018/04/11/o ... endations/
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