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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We continue to recommend investors diversify their Finance sector holdings beyond the big banks by holding high-quality non-bank firms such as the three below.
Each is a a leader in its niche industry, which cuts your risk. As well, despite recent share price gains, all three still trade at attractive multiples to their earnings.
AMERICAN EXPRESS CO....
Each is a a leader in its niche industry, which cuts your risk. As well, despite recent share price gains, all three still trade at attractive multiples to their earnings.
AMERICAN EXPRESS CO....
Legacy tech firm IBM has gained 47% in the past year, mainly due to investor enthusiasm for its artificial intelligence (AI) software. The company has a long history with AI; in fact, in 2011, IBM’s Watson supercomputer beat human contestants on the Jeopardy game show.
The company is also benefiting as more businesses shift their computing operations to cloud-based platforms.
We feel IBM still has lots of room to move even higher over the next few years....
Top pick IBM offers a solid yield and an exciting path to profit from both AI & cloud computing – the shares are a strong buy even after a 45.9% one-year return.
YUM! BRANDS INC., $137.21, New York symbol YUM, is still a buy for aggressive investors.
The company operates over 60,000 restaurants in more than 155 countries. Its main banners are KFC (fried chicken), Pizza Hut and Taco Bell (Mexican food)....
The company operates over 60,000 restaurants in more than 155 countries. Its main banners are KFC (fried chicken), Pizza Hut and Taco Bell (Mexican food)....
KYNDRYL HOLDINGS INC. $24 is still a hold. The company (New York symbol KD; Conservative Growth, Manufacturing & Industry sector; Shares outstanding: 230.5 million; Market cap: $5.5 billion; Price-to-sales ratio: 0.4; No dividend paid; TSINetwork Rating: Average; www.kyndryl.com) helps corporate and government clients manage their datacentres....
Artificial intelligence (AI) is an example of an investment idea that could boost your investment returns, or, more likely, end up costing you money. All in all, we think that the biggest, surest gains from AI will come from investing in established businesses that are already profitable and growing, and that can gain all the more by applying AI to their operations.
Here are two companies that are already profitably taking advantage of AI, and they should be among the leaders in the push to extend AI’s use:
BROADRIDGE FINANCIAL SOLUTIONS, $219.23, is a buy. The company (New York symbol BR; TSINetwork Rating: Average) (www.broadridge.com; Shares o/s: 116.9 million; Market cap: $25.6 billion; Yield: 1.6%) is now using AI to improve its software products....
IBM, $219.73, is still a buy. The company (New York symbol IBM; Shares outstanding: 921.1 million; Market cap: $202.4 billion; TSINetwork Rating: Above Average; Dividend yield: 3.0%) often buys other companies to enhance its expertise....
We see IBM as a great way for investors to successfully tap the fast-growing artificial intelligence (AI) field. This legacy tech firm was in fact an early pioneer in AI. In 2011, and representing an AI milestone, IBM’s Watson supercomputer beat human contestants on the Jeopardy game show.
Rising client demand for AI services has lifted the stock by 50% in the past year....
Rising client demand for AI services has lifted the stock by 50% in the past year....
BECTON DICKINSON & CO. $235 is a buy. The medical device maker (New York symbol BDX; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 289.0 million; Market cap: $67.9 billion; Price-to-sales ratio: 3.5; Dividend yield: 1.6%; TSINetwork Rating: Above Average; www.bd.com) recently acquired the Critical Care product group of Edwards Lifesciences Corp....
TC ENERGY INC., $62.65, Toronto symbol TRP, is a buy.
TC generates steady cash flow for investors mainly through a 93,300-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and seven power plants.
On October 1, 2024, the company will complete the spinoff of its oil pipeline business as separate company South Bow Corp....
TC generates steady cash flow for investors mainly through a 93,300-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and seven power plants.
On October 1, 2024, the company will complete the spinoff of its oil pipeline business as separate company South Bow Corp....