Profit from IBM’s spinoff opportunity

Profit from IBM’s spinoff opportunity

Improved sales led to a 0.3% revenue bump for this company during the most-recent quarter. It also beat the consensus earnings estimate.

A recent spinoff offered its investors an interesting opportunity going forward.

Meanwhile the stock trades at just 11.5 times the company’s 2022 earnings forecast.

INTERNATIONAL BUSINESS… Read More

McCormick & Co. is a hold for growth ahead

McCormick & Co. is a hold for growth ahead

The firm’s dependence on sales from restaurants and foodservice customers such as school cafeterias are a good reason why its year-to-date return remains negative. 

The stock trades at just 14.4 times the company’s 2021 earnings forecast.

MCCORMICK & CO. INC. (New York symbol MKC; www.mccormick.com) is a.. Read More

Q: Hi, Pat. I’d like to know if it’s best to buy IBM stock before the Kyndryl spinoff? Alternatively, should I wait until after the spinoff?

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. That legacy business helps corporate and government clients manage… Read More

Long-term trends bode well for tech giants

The COVID-19 pandemic continues to lift the earnings of Microsoft and Cisco, as businesses need their products to connect with employees working remotely. Demand will likely remain elevated as many of these temporary changes evolve into longer-lasting trends. That should let both firms keep raising… Read More