Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, April 22, 2022

Article Excerpt

INTERNATIONAL BUSINESS MACHINES CORP., $138.25, New York symbol IBM, is a buy. The company is one of the world’s largest computer firms, with operations in over 175 countries. On November 3, 2021, IBM completed the spinoff of Kyndryl Holdings Inc. (New York symbol KD). That firm helps corporate and government clients manage their datacentres. Investors received one Kyndryl share for every five IBM shares. IBM still holds 19.9% of Kyndryl’s shares. It plans to dispose of them within the next 12 months. The company is also selling its struggling Watson Health healthcare data and analytics operations. That unit helps healthcare providers manage data. Its brands include Merge Healthcare, which analyzes mammograms and MRIs; Phytel, which assists with patient communications; and Truven, which analyzes complex healthcare data. IBM paid around $2.6 billion for Truven in 2016, almost $1 billion for Merge Healthcare in 2015 and around $230 million for Phytel. The company has not yet revealed the selling price, but media reports suggest it’s roughly $1…