IBM - International Business Machines Corporation
| Previous close | 119.12 |
| Open | 119.37 |
| Bid | 118.36 x 900 |
| Ask | 118.38 x 1300 |
| Day's range | 117.59 - 119.46 |
| 52-week range | 90.56 - 158.75 |
| Volume | 4,180,771 |
| Avg. volume | 6,724,871 |
| Market cap | 105.118B |
| Beta (5Y monthly) | 1.24 |
| PE ratio (TTM) | 11.73 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 6.52 (5.47%) |
| Ex-dividend date | 07 May 2020 |
| 1y target est | N/A |
- Motley Fool
3 Top Stocks that Are Cash Cows
Looking for big dividends that look like they'll survive the COVID-19 crisis in stride? This trio of stocks should be on your short list.
- Motley Fool
IBM's New CEO Plans Layoffs
International Business Machines (NYSE: IBM) is gearing up to lay off workers amid the COVID-19 pandemic, the first such action by CEO Arvind Krishna, who took on the role in April. IBM hasn't said how many employees it's letting go, but a source told The Wall Street Journal the move could eliminate several thousand jobs.
- Motley Fool
Dow Jones Heads Lower as IBM Cuts Jobs, Apple Stock Holds Its Ground on Podcast Plans
IBM is laying off employees amid the pandemic, and Apple wants to use podcasts to promote its Apple TV+ streaming service.
- TechCrunch
Daily Crunch: Facebook embraces remote work
Facebook takes more steps to support and expand a remote workforce, IBM announces layoffs and TechCrunch's big annual conference is going virtual. Facebook CEO Mark Zuckerberg estimated that over the course of the next decade, half of the company could be working fully remotely. As the next step toward that goal, Facebook will be setting up new company hubs in Denver, Dallas and Atlanta.
- TechCrunch
IBM confirms layoffs are happening, but won't provide details
IBM confirmed reports from overnight that it is conducting layoffs, but wouldn't provide details related to location, departments or number of employees involved. The company framed it in terms of replacing people with more needed skills as it tries to regroup under new CEO Arvind Krishna. Patrick Moorhead, principal analyst at Moor Insights & Strategy, says he's hearing the layoffs are hitting across the business.
- Zacks
IBM (IBM) Dips More Than Broader Markets: What You Should Know
IBM (IBM) closed the most recent trading day at $119.12, moving -1.86% from the previous trading session.
- Bloomberg
China’s Got a New Plan to Overtake the U.S. in Tech
(Bloomberg) -- Beijing is accelerating its bid for global leadership in key technologies, planning to pump more than a trillion dollars into the economy through the rollout of everything from wireless networks to artificial intelligence.In the masterplan backed by President Xi Jinping himself, China will invest an estimated $1.4 trillion over six years to 2025, calling on urban governments and private tech giants like Huawei Technologies Co. to lay fifth generation wireless networks, install cameras and sensors, and develop AI software that will underpin autonomous driving to automated factories and mass surveillance.The new infrastructure initiative is expected to drive mainly local giants from Alibaba and Huawei to SenseTime Group Ltd. at the expense of U.S. companies. As tech nationalism mounts, the investment drive will reduce China’s dependence on foreign technology, echoing objectives set forth previously in the Made in China 2025 program. Such initiatives have already drawn fierce criticism from the Trump administration, resulting in moves to block the rise of Chinese tech companies such as Huawei.“Nothing like this has happened before, this is China’s gambit to win the global tech race,” said Digital China Holdings Chief Operating Officer Maria Kwok, as she sat in a Hong Kong office surrounded by facial recognition cameras and sensors. “Starting this year, we are really beginning to see the money flow through.”The tech investment push is part of a fiscal package waiting to be signed off by China’s legislature, which convenes this week. The government is expected to announce infrastructure funding of as much as $563 billion this year, against the backdrop of the country’s worst economic performance since the Mao era.The nation’s biggest purveyors of cloud computing and data analysis Alibaba Group Holding Ltd. and Tencent Holdings Ltd. will be linchpins of the upcoming endeavor. China has already entrusted Huawei to galvanize 5G. Tech leaders including Pony Ma and Jack Ma are espousing the program.Maria Kwok’s company is a government-backed systems integration provider, among many that are jumping at the chance. In the southern city of Guangzhou, Digital China is bringing half a million units of project housing online, including a complex three quarters the size of Central Park. To find a home, a user just has to log on to an app, scan their face and verify their identity. Leases can be signed digitally via smartphone and the renting authority is automatically flagged if a tenant’s payment is late.China is no stranger to far-reaching plans with massive price tags that appear to achieve little. There’s no guarantee this program will deliver the economic rejuvenation its proponents promise. Unlike previous efforts to resuscitate the economy with “dumb” bridges and highways, this newly laid digital infrastructure will help national champions develop cutting-edge technologies.What BloombergNEF SaysChina’s new stimulus plan will likely lead to a consolidation of industrial internet providers, and could lead to the emergence of some larger companies able to compete with global leaders such as GE and Siemens. One bet is on industrial internet-of-things platforms as China aims to cultivate three world leading companies in this area by 2025.Nannan Kou, head of researchClick here for researchChina isn’t alone in pumping money into the tech sector as a way to get out of the post-virus economic slump. Earlier this month, South Korea said AI and wireless communications would be at the core of it its “New Deal” to create jobs and boost growth.According to the government-backed China Center for Information Industry Development, the 10 trillion yuan ($1.4 trillion) that China is estimated to spend from now until 2025 encompasses areas typically considered leading edge such as AI and IoT as well as items such as ultra-high voltage lines and high-speed rail. More than 20 of mainland China’s 31 provinces and regions have announced projects totaling over 1 trillion yuan with active participation from private capital, a state-backed newspaper reported Wednesday.Separate estimates by Morgan Stanley put new infrastructure at around $180 billion each year for the next 11 years -- or $1.98 trillion in total. Those calculations also include power and rail lines. That annual figure would be almost double the past three-year average, the investment bank said in a March report that listed key stock beneficiaries including companies such as China Tower Corp., Alibaba, GDS Holdings, Quanta Computer Inc. and Advantech Co.Beijing’s half-formed vision is already stirring a plethora of stocks, a big reason why five of China’s 10 best-performing stocks this year are tech plays like networking gear maker Dawning Information Industry Co. and Apple supplier GoerTek Inc. The bare outlines of the masterplan were enough to drive pundits toward everything from satellite operators to broadband providers.It’s unlikely that U.S companies will benefit much from the tech-led stimulus and in some cases they stand to lose existing business. Earlier this year when the country’s largest telecom carrier China Mobile awarded contracts for 37 billion yuan in 5G base stations, the lion’s share went to Huawei and other Chinese companies. Sweden’s Ericsson got only a little over 10% of the business in the first four months. In one of its projects, Digital China will help the northeastern city of Changchun swap out American cloud computing staples IBM, Oracle and EMC with home-grown technology.It’s in data centers that a considerable chunk of the new infrastructure development will take place. Over 20 provinces have launched policies to support enterprises utilizing cloud computing services, according to a March note from UBS Group AG. Tony Yu, chief executive officer of Chinese server maker H3C, that his company was seeing a significant increase in demand for data center services from some of the country’s top internet companies. “Rapid growth in up-and-coming sectors will bring a new force to China’s economy after the pandemic passes,” he told Bloomberg News.From there, more investment should flow. Bain Capital-backed data center operator Chindata Group estimated that for every one dollar spent on data centers another $5 to $10 in investment in related sectors would take place, including in networking, power grid and advanced equipment manufacturing. “A whole host of supply-chain companies will benefit,” the company said in a statement.There’s concern about whether this long-term strategy provides much in the way of stimulus now, and where the money will come from. “It’s impossible to prop up China’s economy with new infrastructure alone,” said Zhu Tian, professor of economics at China Europe International Business School in Shanghai. “If you are worried about the government’s added debt levels and their debt servicing abilities right now, of course you wouldn’t do it. But it’s a necessary thing to do at a time of crisis.”Digital China is confident that follow-up projects from its housing initiative in Guangzhou could generate 30 million yuan in revenue for the company. It’s also hoping to replicate those efforts with local governments in the northeastern province of Jilin, where it has 3.3 billion yuan worth of projects approved. These include building a so-called city brain that will for the first time connect databases including traffic, schools and civil matters such as marriage registry. “The concept of smart cities has been touted for years but now we are finally seeing the investment,” said Kwok.(Updates with more details on projects from around China in tenth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Zacks
IBM (IBM) Up 3% Since Last Earnings Report: Can It Continue?
IBM (IBM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Motley Fool
2 Top Stocks Still Paying Dividends
Companies that have pulled back on dividends to preserve cash include automakers, retailers, real estate investment trusts, energy companies, and a mishmash of others. While dividend investing has become more difficult as companies reel from the pandemic, there are still some solid dividend stocks out there. Two of the best, thanks to a combination of dividend safety and exceptionally high yields, are International Business Machines (NYSE: IBM) and AT&T (NYSE: T).
- Simply Wall St.
Should You Care About International Business Machines Corporation’s (NYSE:IBM) Investment Potential?
Today we are going to look at International Business Machines Corporation (NYSE:IBM) to see whether it might be an...
- Reuters
White House panel: Build new tech infrastructure for future jobs
A White House advisory panel on Tuesday urged the government and private industry to work together on new technological infrastructure to support future jobs and underpin a solid economic recovery from the coronavirus pandemic. Members include Apple Inc Chief Executive Tim Cook, Lockheed Martin Corp Chief Executive Marillyn Hewson and International Business Machines Corp Executive Chairman Ginni Rometty.
- Zacks
3 High-Yield Tech Stocks to Buy Now for Coronavirus Income
Let's look at three high-yield stocks that are part of the broader technology space that investors might want to buy now amid continued coronavirus uncertainty...
- Motley Fool
3 Dividend-Paying Tech Stocks to Buy Right Now
These tech stocks have three things in common during the COVID-19 crisis: low share prices, strong dividends, and torrential cash flows.
- Yahoo Finance
Intel CEO: Expectations for the second quarter are relatively strong
Intel CEO Bob Swan shares his thoughts on the state of the global economy and what he has cooking at the tech giant.
- Zacks
Top Research Reports for UnitedHealth, AT&T & Netflix
Top Research Reports for UnitedHealth, AT&T; & Netflix
- Yahoo Finance
Cisco CFO is not yet ready to call a bottom in its business
Yahoo Finance catches up with Cisco after its latest better than expected earnings report.
- Zacks
The Zacks Analyst Blog Highlights: JPM, MSFT, AMZN, PYPL and IBM
The Zacks Analyst Blog Highlights: JPM, MSFT, AMZN, PYPL and IBM
- Motley Fool
3 High-Yield Stocks at Rock-Bottom Prices
Let's check out three stocks that fit the bill: IBM (NYSE: IBM), Cisco (NASDAQ: CSCO), and Verizon (NYSE: VZ). It currently pays a forward yield of 5.3% and spent just 50% of its free cash flow (FCF) on dividend payments over the past 12 months -- which gives it plenty of room for future hikes.
- Zacks
The Zacks Analyst Blog Highlights: IBM, Cloudera, AudioEye, SharpSpring and Okta
The Zacks Analyst Blog Highlights: IBM, Cloudera, AudioEye, SharpSpring and Okta
- Zacks
4 Top Stocks to Tap the Growing Remote Working Environment
The coronavirus pandemic has started a new era of working from home. Here are four stocks that can benefit from this trend.
- Stockopedia
Why the International Business Machines dividend deserves a closer look
Dividend payouts are a vital part of the return that investors get from owning stocks over time. Whether you're after large-cap cash cows or small-cap growth s8230;
- Motley Fool
The 1 Stock You've Been Overlooking For Your Roth IRA
This staid company is possible to miss, but can deliver years of income for your retirement account.
- Motley Fool
Dow Jones News: IBM to Launch New Cloud, AI Products; Microsoft's Next Xbox Could Face Problems
IBM is using its Think conference to roll out new products, and Microsoft will need to contend with game delays and a sluggish economy when it launches a new game console later this year.
- Yahoo Finance Video
New IBM President wants to help businesses transition to the cloud
IBM's Jim Whitehurst joins Yahoo Finance for his first interview as President.
- TechCrunch
IBM and Red Hat expand their telco, edge and AI enterprise offerings
At its Think Digital conference, IBM and Red Hat today announced a number of new services that all center around 5G edge and AI. As IBM's recently minted president Jim Whitehurst told me ahead of today's announcement, he believes that IBM (in combination with Red Hat) is able to offer enterprises a very differentiated service because, unlike the large hyper clouds, IBM isn't interested in locking these companies into a homogeneous cloud. "Where IBM is competitively differentiated, is around how we think about helping clients on a journey to what we call hybrid cloud," said Whitehurst, who hasn't done a lot of media interviews since he took the new role, which still includes managing Red Hat.
