IBM

Businesses have slowed their purchases of new computer equipment due to the COVID-19 pandemic. That has weighed on the share prices of these two tech giants. However, recent acquisitions are set to expand their profits—and dividends—when demand recovers.


INTERNATIONAL BUSINESS MACHINES CORP....

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IBM has a long history of transforming its business in response to new computing technologies. For instance, as demand for its mainframe computers slowed in the 1990s, the company shifted its focus to services such as designing and maintaining computer systems for its customers....

IBM, $121.67, is a buy. The company (New York symbol IBM; Shares o/s: 890.6 million; Market cap: $107.7 billion; TSINetwork Rating: Above Average; Yield: 5.4%) is a research powerhouse—it continues to devote a high 9% of its revenue to research and development....

INTERNATIONAL BUSINESS MACHINES CORP. $119 (www.ibm.com) is a buy. The company continues to devote a high 9% of its revenue to research. Some of that spending goes to projects that have huge potential, but could take years to bring to market....

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ADOBE INC., $462.01, is a buy. The company (Nasdaq symbol ADBE; TSINetwork Rating: Average) (www.adobe.com; Shares o/s: 479.7 million; Market cap: $221.6 billion; No dividends paid) is now partnering with IBM with the aim of making easy-to-use marketing software for banks that face strict controls on how customer data must be handled.


Adobe’s software will run in IBM’s cloud system, which has received regulatory approval for use by banks....

IBM, $125.45, is a buy. The stock (New York symbol IBM; Shares o/s: 890.6 million; Market cap: $111.7 billion; TSINetwork Rating: Above Average; Yield: 5.2%) reports that despite new operations, its revenue in the three months ended June 30, 2020, fell 5.4%, to $18.12 billion from $19.16 billion a year earlier.


Weaker demand for the company’s legacy operations, partly due to COVID-19, offset strong growth for its cloud operations (up 30%).


However, lower earnings from those legacy businesses caused IBM’s earnings to fall 31.2%, to $2.18 a share from $3.17....

INTERNATIONAL BUSINESS MACHINES CORP. $125 is a buy for long-term gains. The company (New York symbol IBM; Conservative-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares o/s: 887.9 million; Market cap: $111.0 billion; Divd....

The COVID-19 pandemic has spurred strong demand for computing products and services that help businesses and their employees adapt to remote working.


We feel that demand will continue to rise, even after the current crisis ends. One way for investors to profit from remote working is with market leaders Nvidia and Adobe....