True Blue Chips pay off

Learn everything you need to know in 'The Best Blue Chips for Canadian Investors' for FREE from The Successful Investor.

Canadian Blue Chip Stocks: Bank of Nova Scotia Stock, CP Rail Stock, CAE Inc. Stock and more.

 I consent to receiving information from The Successful Investor via email. I understand I can unsubscribe from these updates at any time.

Topic: Blue Chip Stocks

IBM wins a key client

IBM $153.67 (New York symbol IBM; Shares outstanding: 939.5 million; Market cap: $146.2 billion; TSINetwork Rating: Above Average; Dividend yield: 3.9%; www.ibm.com) continues to attract transportation-industry firms to its cloud-computing services, which use remote servers to store data files online.

American Airlines will now use IBM Cloud for its websites, mobile apps and airport ticketing.

Airline computer systems handle everything from bookings to bag tracing, and they need to be reliable. They must also meet the expanding demands of smartphone and mobile platforms.

IBM Cloud has already won a number of contracts in the transportation industry. Its existing customers include Boeing, Bombardier, Pratt & Whitney, and Emirates and Etihad airlines.

IBM is a buy.

Comments

Tell Us What YOU Think

You must be logged in to post a comment.

Please be respectful with your comments and help us keep this an area that everyone can enjoy. If you believe a comment is abusive or otherwise violates our Terms of Use, please click here to report it to the administrator.