IBM
IBM (International Business Machines Corporation) is one of the world’s oldest and most influential technology companies. Founded in 1911 and headquartered in Armonk, New York, IBM has played a major role in shaping modern computing and business technology.
IBM is best known for its work in areas like:
- Cloud computing
- Artificial intelligence (AI)
- Enterprise software
- Cybersecurity
- IT consulting
- Quantum computing
The company’s AI platform, IBM Watson, is widely recognized for helping businesses use data and automation more effectively. IBM also supports organizations across industries such as finance, healthcare, government, and retail by providing advanced digital solutions.
With a strong focus on innovation and research, IBM continues to be a global leader in technology transformation and enterprise services.
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IBM, $142.60, is still a buy. The company (New York symbol IBM; Shares outstanding: 904.1 million; Market cap: $128.0 billion; TSINetwork Rating: Above Average; Divd. yield: 4.6%) is one of the world’s largest computer firms, with operations in over 175 countries.
In the past few years, IBM has shifted its focus to its more-profitable cloud computing, consulting and mainframe businesses.
As part of that strategy, the company has agreed to acquire consulting firm Octo for an undisclosed sum....
In the past few years, IBM has shifted its focus to its more-profitable cloud computing, consulting and mainframe businesses.
As part of that strategy, the company has agreed to acquire consulting firm Octo for an undisclosed sum....
The market downturn has hit the technology sector particularly hard, as higher interest rates prompt businesses and consumers to cut their spending on new computers and software. Even so, we feel IBM and Intel’s latest moves will help protect their current dividend rates.
INTERNATIONAL BUSINESS MACHINES CORP....
PHILIPS ELECTRONICS N.V. ADRs $14 is now a hold. Shares in the medical device maker (New York symbol PHG; Conservative Growth Portfolio, Manufacturing sector; ADRs outstanding: 870.2 million; Market cap: $12.2 billion; Price-to-sales ratio: 0.6; Dividend yield: 6.5%; TSINetwork Rating: Average; www.philips.com) have dropped 65% since the start of 2022, mainly due to the recall of 5.5 million sleep apnea and ventilator machines on concerns a foam used in the devices could degrade and release harmful particles.
So far, the company has distributed 4 million replacement devices and repair kits....
CARGOJET INC., $122.09, symbol CJT on Toronto, provides time-sensitive, premium overnight air cargo services across North America. Its fleet of 34 cargo aircraft currently moves more than 25 million pounds of cargo every week.
The company has three main segments: it operates a domestic air cargo network between 16 major Canadian cities; it provides dedicated aircraft to customers on an aircraft, crew, maintenance and insurance (“ACMI”) basis, operating between points in Canada, the U.S., Mexico and Europe; and it operates scheduled international routes for multiple cargo customers, operating between points in Canada, the U.S., Mexico, South America, Asia and Europe.
Over the past several years, Cargojet has evolved its business model to increasingly focus on strategic partnerships rather than transactional relationships with its customers.
For instance, in March 2022, Cargojet entered into a long-term agreement with DHL Network Operations (USA) Inc., a division of Germany’s giant Deutsche Post AG.
The agreement sees Mississauga, Ontario-based Cargojet provide DHL with a range of services across Europe, the Americas, and Asia....
The company has three main segments: it operates a domestic air cargo network between 16 major Canadian cities; it provides dedicated aircraft to customers on an aircraft, crew, maintenance and insurance (“ACMI”) basis, operating between points in Canada, the U.S., Mexico and Europe; and it operates scheduled international routes for multiple cargo customers, operating between points in Canada, the U.S., Mexico, South America, Asia and Europe.
Over the past several years, Cargojet has evolved its business model to increasingly focus on strategic partnerships rather than transactional relationships with its customers.
For instance, in March 2022, Cargojet entered into a long-term agreement with DHL Network Operations (USA) Inc., a division of Germany’s giant Deutsche Post AG.
The agreement sees Mississauga, Ontario-based Cargojet provide DHL with a range of services across Europe, the Americas, and Asia....
CANADIAN IMPERIAL BANK OF COMMERCE, $55.44, Toronto symbol CM, remains a buy for long-term gains.
CIBC is now raising your quarterly dividend by 2.4% with the January 2023 payment. Investors will then receive $0.85 a share instead of $0.83. The new annual rate of $3.40 yields a high 6.1%.
As well, starting with this payment, the bank will let shareholders automatically re-invest their dividends in new common shares at a 2% discount to the market price.
The stock has dropped 14% since the start of December, mainly due to concerns that rising interest rates will slow demand for new residential mortgages and refinancing....
CIBC is now raising your quarterly dividend by 2.4% with the January 2023 payment. Investors will then receive $0.85 a share instead of $0.83. The new annual rate of $3.40 yields a high 6.1%.
As well, starting with this payment, the bank will let shareholders automatically re-invest their dividends in new common shares at a 2% discount to the market price.
The stock has dropped 14% since the start of December, mainly due to concerns that rising interest rates will slow demand for new residential mortgages and refinancing....
On November 3, 2021, IBM completed the spinoff of Kyndryl. That firm helps corporate and government clients manage their data centres. Investors received one Kyndryl share for every five IBM shares they hold.
The spinoff let IBM focus on its faster-growing cloud computing operations....
The spinoff let IBM focus on its faster-growing cloud computing operations....
MCDONALD’S CORP., $271.92, New York symbol MCD, is your #1 Conservative Buy for 2022.
The company is the world’s largest fast-food chain with 40,000 restaurants in 119 countries. It serves a wide variety of food but is best known for its hamburgers and french fries....
The company is the world’s largest fast-food chain with 40,000 restaurants in 119 countries. It serves a wide variety of food but is best known for its hamburgers and french fries....
APPLE INC., $149.70, Nasdaq symbol AAPL, remains a hold.
New COVID-19 lockdowns at the company’s assembly factory in Zhengzhou, China will slow the production of its new iPhone 14 Pro and iPhone 14 Pro Max smartphones. That facility makes roughly 80% of those premium models.
As a result, Apple will probably produce 87 million of these devices in 2022, down from its earlier forecast of 90 million.
The shortage comes at a bad time for Apple, as iPhone sales usually peak ahead of the busy Christmas shopping season....
New COVID-19 lockdowns at the company’s assembly factory in Zhengzhou, China will slow the production of its new iPhone 14 Pro and iPhone 14 Pro Max smartphones. That facility makes roughly 80% of those premium models.
As a result, Apple will probably produce 87 million of these devices in 2022, down from its earlier forecast of 90 million.
The shortage comes at a bad time for Apple, as iPhone sales usually peak ahead of the busy Christmas shopping season....
IBM, $138.51, is still a buy. Last year, the company (New York symbol IBM; Shares outstanding: 904.1 million; Market cap: $109.8 billion; TSINetwork Rating: Above Average; Dividend yield: 4.8%) spun off Kyndryl Holdings Inc. (New York symbol KD)....
MCDONALD’S CORP., $274.52, New York symbol MCD, is a buy.
The company is the world’s largest fast-food chain with 40,000 restaurants in 119 countries. It serves a wide variety of food but is best known for its hamburgers and french fries. Franchisees own roughly 95% of those outlets.
McDonald’s has raised its annual dividend rate each year since 1976....
The company is the world’s largest fast-food chain with 40,000 restaurants in 119 countries. It serves a wide variety of food but is best known for its hamburgers and french fries. Franchisees own roughly 95% of those outlets.
McDonald’s has raised its annual dividend rate each year since 1976....