IBM

INTERNATIONAL BUSINESS MACHINES CORP. $142 is your #1 Spinoff Buy for 2021. The company (New York symbol IBM, Manufacturing & Industry sector; Shares outstanding: 896.3 million; Market cap: $127.3 billion; Dividend yield: 4.6%; Takeover Target Rating: Lowest; www.ibm.com) has announced more details regarding the spinoff of the Managed Infrastructure Services unit of its Global Technology Services division....

A: IBM Corp., $141.05, symbol IBM on New York (Shares outstanding: 896.3 million; Market cap: $127.6 billion; www.ibm.com), recently announced more details regarding the spinoff the Managed Infrastructure Services unit of its Global Technology Services operations....

IBM, $139.18, is still a buy. The stock (New York symbol IBM; Shares outstanding: 896.3 million; Market cap: $123.2 billion; TSINetwork Rating: Above Average; Yield: 4.7%) is one of the world’s largest computer companies, with operations in over 175 countries.


IBM paid $34 billion for Red Hat in July 2019....

TENNANT CO. $72 is still a hold. The company (New York symbol TNC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 18.3 million; Market cap: $1.3 billion; Price-to-sales ratio: 1.3; Dividend yield: 1.3%; TSINetwork Rating: Average; www.tennantco.com) makes industrial floor and street-cleaning equipment, including scrubbers, sweepers and polishers.


Tennant’s sales have rebounded strongly as businesses re-opened following initial COVID-19 shutdowns last year....

IBM, $143.76, is still a buy. The stock (New York symbol IBM; Shares outstanding: 896.3 million; Market cap: $129.1 billion; TSINetwork Rating: Above Average; Yield: 4.6%) is one of the world’s largest computer companies, with operations in over 175 countries....

We feel the best way to tap future gains for fintech (the combination of financial services and technology) is with well-established companies such as Broadridge and Dun & Bradstreet. That’s better than focusing on small start-up firms. As well, recent acquisitions by both Broadridge and Dun & Bradstreet should pay off for years to come.


BROADRIDGE FINANCIAL SOLUTIONS INC....

INTERNATIONAL BUSINESS MACHINES CORP. $142 is a buy. The company (New York symbol IBM, Conservative Growth Portfolio, Manufacturing & Industry sector; Shares o/s: 893.5 million; Market cap: $126.9 billion; Price-to-sales ratio: 1.7; Dividend yield: 4.6%; TSINetwork Rating: Above Average; www.ibm.com) paid $34 billion for Red Hat in July 2019....

Spinoff activity continues to pick up as stock markets recover from last year’s COVID-19 downturn. Of these three recent spinoffs, we see two as buys.


SOLARWINDS CORP. $11 is a hold. The company (New York symbol SWI; Manufacturing & Industry sector; Shares outstanding: 316.2 million; Market cap: $3.5 billion; No dividends paid; Takeover Target Rating: Medium; www.solarwinds.com) makes software that helps businesses monitor their computer networks (including cloud-based systems) for potential problems.


On July 19, 2021, the company completed the spinoff of its Managed Service Provider (MSP) software business as a separate company called N-able Inc....

INTERNATIONAL BUSINESS MACHINES CORP. $141 is your #1 Spinoff Buy for 2021. The company (New York symbol IBM, Manufacturing & Industry sector; Shares outstanding: 892.0 million; Market cap: $125.8 billion; Dividend yield: 4.7%; Takeover Target Rating: Lowest; www.ibm.com) plans to spin off its Managed Infrastructure Services unit as a separate company called Kyndryl....

IBM, $139.82, (New York symbol IBM; Shares o/s: 893.5 million; Market cap: $124.0 billion; Above Average; Yield: 4.7%) dropped in early July after the company announced that President Jim Whitehurst—appointed at the time of IBM’s $33 billion acquisition of cloud-software provider Red Hat—is leaving after two years.


Whitehurst became president when Arvind Krishna was named IBM CEO in January 2020.


Investors are likely worried the company will lose the benefit of Whitehurst’s expertise as it restructures to focus on cloud computing and artificial intelligence....