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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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....
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....
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....
IBM’s investors continue to benefit from its strong commitment to keep raising your dividend. They should also gain from its shift to cloud computing and the spinoff of a legacy business. While the company has yet to announce the details, it’s likely this new firm will also pay a dividend.
INTERNATIONAL BUSINESS MACHINES CORP....
INTERNATIONAL BUSINESS MACHINES CORP....
Lately I’ve seen a number of favourable media comments about “the value trade”—brokerese for “now that techs are taking a breather, it’s time to sell some of your tech stocks and buy some value stocks.”
The term “value stocks” refers to stocks that have below-average P/E ratios and other statistical measures and indicators that appeal to investors who are in search of investment bargains....
The term “value stocks” refers to stocks that have below-average P/E ratios and other statistical measures and indicators that appeal to investors who are in search of investment bargains....
GREAT-WEST LIFECO, $36.51, is still a hold. The insurer (Toronto symbol GWO; shares outstanding: 928.4 million; Market cap: $34.3 billion; TSINetwork Rating: Above Average; Dividend yield: 4.8%; www.greatwestlifeco.com) recently paid $4.4 billion for the retirement services business of Massachusetts Mutual Life Insurance Company....
IBM, $145.22, is still a buy. The stock (New York symbol IBM; Shares outstanding: 893.5 million; Market cap: $130.2 billion; TSINetwork Rating: Above Average; Yield: 4.5%) is one of the world’s largest computer companies, with operations in over 175 countries.
Thanks to rising demand for its cloud-computing services, IBM’s revenue in the three months ended March 31, 2021, rose 0.9%, to $17.73 billion from $17.57 billion a year earlier....
Thanks to rising demand for its cloud-computing services, IBM’s revenue in the three months ended March 31, 2021, rose 0.9%, to $17.73 billion from $17.57 billion a year earlier....
In response to slowing demand for its traditional mainframe computers and consulting services, IBM is now shifting it focus to the faster-growing field of cloud computing (where users go online to access software and data stored on remote servers). That plan took a big leap forward with the company’s purchase of cloud software giant Red Hat....
TERADATA CORP. $51 is still a hold. The company (New York symbol TDC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 109.5 million; Market cap: $5.6 billion; Price-to-sales ratio: 3.0; No dividends paid; TSINetwork Rating: Average; www.teradata.com) makes computers and software to capture and store large amounts of data for individual businesses—its clients....
Broadridge Financial is positioned to keep doing well during the pandemic. From March of last year, the stock has jumped to new all-time highs, and is now up 80.6%. Meantime, we think this Power Buy is poised to keep moving even higher.
BROADRIDGE FINANCIAL SOLUTIONS $146.75 (New York symbol BR; TSINetwork Rating: Average) (www.broadridge.com; Shares o/s: 115.8 million; Market cap: $17.1 billion; Dividend yield: 1.6%) serves the investment industry in three main areas: investor communications, securities processing, and transaction clearing.
In its fiscal 2021 second quarter, ended December 31, 2020, revenue rose 8.9%, to $1.05 billion from $968.7 million a year earlier....
BROADRIDGE FINANCIAL SOLUTIONS $146.75 (New York symbol BR; TSINetwork Rating: Average) (www.broadridge.com; Shares o/s: 115.8 million; Market cap: $17.1 billion; Dividend yield: 1.6%) serves the investment industry in three main areas: investor communications, securities processing, and transaction clearing.
In its fiscal 2021 second quarter, ended December 31, 2020, revenue rose 8.9%, to $1.05 billion from $968.7 million a year earlier....