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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Technology firms tend to pay lower dividends than say, utilities, as they must spend large amounts of their revenue on research to remain competitive. Here are two legacy tech firms that offer investors an attractive combination of growth and income.
INTEL CORP....
INTEL CORP....
TERADATA CORP. $43 is still a hold. The company (New York symbol TDC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 97.8 million; Market cap: $4.2 billion; Price-to-sales ratio: 2.5; No dividend paid; TSINetwork Rating: Average; www.teradata.com) makes computers and software to capture and store large amounts of data for its clients—individual businesses....
KYNDRYL HOLDINGS INC. $20 is a hold. The company (New York symbol KD; Conservative Growth Portfolio; Manufacturing sector; Shares o/s: 229.5 million; Market cap: $4.6 billion; No dividends paid; P-to-S ratio: 0.3; TSINetwork Rating: Extra Risk; www.kyndryl.com) took its current form in November 2021 when IBM spun off its legacy business of helping corporate and government clients manage their datacentres....
The launch of ChatGPT, the online chatbot, which simulates human conversation to answer complex questions, demonstrated the advances in artificial intelligence (AI) software over the past few years.
While AI is driving the shares of chipmakers like Nvidia to new heights, there are other technology stocks, like the three we analyze below, that let investors tap into this trend with much less risk.
INTERNATIONAL BUSINESS MACHINES CORP....
While AI is driving the shares of chipmakers like Nvidia to new heights, there are other technology stocks, like the three we analyze below, that let investors tap into this trend with much less risk.
INTERNATIONAL BUSINESS MACHINES CORP....
EBAY INC., $39.85, Nasdaq symbol EBAY, is still a buy for long-term gains.
The company operates e-commerce websites, in over 190 countries, where sellers pay fees to auction items or offer them at fixed prices.
eBay reported better-than-expected results for the third quarter of 2023....
The company operates e-commerce websites, in over 190 countries, where sellers pay fees to auction items or offer them at fixed prices.
eBay reported better-than-expected results for the third quarter of 2023....
CANADIAN NATIONAL RAILWAY CO., $151.77, Toronto symbol CNR, remains a buy.
CN’s 32,200-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico.
With the March 2023 payment, CN raised your quarterly dividend by 7.8%....
CN’s 32,200-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico.
With the March 2023 payment, CN raised your quarterly dividend by 7.8%....
Camadian Pacific Kansas City and IBM are leading competitors in their respective markets. We still see both stocks as buys.
CANADIAN PACIFIC KANSAS CITY, $99.32, is a buy. The company (Toronto symbol CP; shares outstanding: 931.8 million; Market cap: $92.6 billion; Rating: Above Average; Dividend yield: 0.8%) ships freight over a 32,190-kilometre rail network....
CANADIAN PACIFIC KANSAS CITY, $99.32, is a buy. The company (Toronto symbol CP; shares outstanding: 931.8 million; Market cap: $92.6 billion; Rating: Above Average; Dividend yield: 0.8%) ships freight over a 32,190-kilometre rail network....
ALPHABET INC., Nasdaq symbols GOOG $123.40 [class C: non-voting] and GOOGL $122.17 [class A: one vote per share], is your #1 Aggressive buy for 2023.
The company is the parent of Google, the world’s leading Internet search engine—it handles over 80% of global search requests....
The company is the parent of Google, the world’s leading Internet search engine—it handles over 80% of global search requests....
PEPSICO INC. $170 (www.pepsico.com) is still a hold. The company is the world’s second-largest soft-drink maker after Coca-Cola. The stock has moved down lately on speculation that Burger King fast-food outlets in India (about 390 stores) will end their 10-year alliance with PepsiCo in favour of a new deal with Coca-Cola....
IBM, $146.86, is still a buy. The company (New York symbol IBM; Shares o/s: 911.0 million; Market cap: $133.4 billion; TSINetwork Rating: Above Average; Dividend yield: 4.5%) has now agreed to sell its weather business to private equity firm Francisco Partners....