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Don't Overlook IBM (IBM) International Revenue Trends While Assessing the Stock
ZACKS· 2024-07-29 14:16
Have you evaluated the performance of IBM's (IBM) international operations during the quarter that concluded in June 2024? Considering the extensive worldwide presence of this technology and consulting company, analyzing the patterns in international revenues is crucial for understanding its financial resilience and potential for growth.In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health ...
3 Must-Own Dividend Aristocrats for Reliable Income
Investor Place· 2024-07-29 11:45
With the S&P 500 providing a paltry 1.32% dividend yield today, income-focused investors must be selective in their search for yield. That’s where the Dividend Aristocrats come in. These 66 S&P 500 companies have raised their dividends for at least 25 consecutive years.While Dividend Aristocrats may not be the most exciting stocks to own, there’s much to say about their staying power. Many of these companies have recession-resistant business models that generate consistent cash flows in almost any economic ...
3 High-Yield Dividend Stocks That Also Deliver Solid Gains
Investor Place· 2024-07-26 12:00
High-yield dividend stocks allow investors to generate steady cash flow while holding onto their shares. However, most of these same stocks tend to underperform the stock market. While a 5% yield may look good, it won’t be nearly as attractive if the stock drops by 50% in five years.Many telecom companies offer high yields, but have struggled to keep up with the stock market. Verizon (NYSE:VZ) and AT&T (NYSE:T) are the two leaders in this category. Flat revenue and earnings growth doesn’t give them a good c ...
Compared to Estimates, IBM (IBM) Q2 Earnings: A Look at Key Metrics
ZACKS· 2024-07-25 21:00
IBM (IBM) reported $15.77 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 1.9%. EPS of $2.43 for the same period compares to $2.18 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $15.58 billion, representing a surprise of +1.23%. The company delivered an EPS surprise of +12.50%, with the consensus EPS estimate being $2.16.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expec ...
IBM: AI Peanuts
Seeking Alpha· 2024-07-25 20:51
matejmm/E+ via Getty ImagesIBM (NYSE:IBM) has soared to decade highs on the back of generative AI hype. The tech giant still hasn't produced the growth to warrant any excitement over AI, despite having one of the original AI platforms in production with Watson. My investment thesis is back to Bearish on the stock after the jump above $190 in initial trading. Source: FinvizStill No Real Growth After the close, IBM reported a revenue beat for the Q2'24 earnings, but revenue didn't even grow 2% in the qua ...
Why IBM Stock Popped After Tuesday's AI-Themed Earnings Report
The Motley Fool· 2024-07-25 20:41
IBM's robust Q2 results drove the stock higher, nearly reaching new all-time highs. Big Blue hasn't ventured anywhere near that milestone since 2013.IT veteran International Business Machines (IBM 4.33%) reported second-quarter results on Tuesday evening. Big Blue knocked this quarter out of the park, crushing analyst estimates across the board. As a result, the stock surged as much as 6.7% higher on Wednesday.Q2 sales and earnings beat expectationsIBM's second-quarter sales crept 2% higher year over year, ...
What Makes IBM (IBM) a Strong Momentum Stock: Buy Now?
ZACKS· 2024-07-25 17:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...
IBM Beats Q2 Earnings on AI Growth: ETFs to Buy
ZACKS· 2024-07-25 16:01
After the closing bell on Jul 24, International Business Machines (IBM) reported strong second-quarter 2024 results. It beat estimates for earnings and revenues, citing rising customer demand for new AI projects. IBM shares spiked 4% in aftermarket hours. Investors seeking to tap the strength could consider ETFs having the highest allocation to this tech giant. These funds are First Trust NASDAQ Technology Dividend Index Fund (TDIV) , FT Cboe Vest Technology Dividend Target Income ETF (TDVI) , FT Cboe Vest ...
Why IBM (IBM) is a Top Momentum Stock for the Long-Term
ZACKS· 2024-07-25 14:50
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?Developed along ...
IBM's Q2 Earnings & Revenues Beat Estimates on Solid Demand
ZACKS· 2024-07-25 12:06
International Business Machines Corporation (IBM) reported solid second-quarter results, wherein both the bottom and top lines beat the respective Zacks Consensus Estimate. The company witnessed healthy demand trends for hybrid cloud and AI solutions with a client-focused portfolio and broad-based growth and remains firmly on track to reach its targets for 2024.Net IncomeOn a GAAP basis, net income from continuing operations was $1.83 billion or $1.96 per share compared with $1.58 billion or $1.72 per share ...