Why Is IBM (IBM) Down 2% Since Last Earnings Report?

It has been about a month since the last earnings report for IBM (IBM) . Shares have lost about 2% in that time frame, outperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is IBM due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. IBM Beats Q4 Earnings Estimates on Solid Cloud & AI TractionIBM rep ...