|Day's range||5.00 - 5.55|
Let's see why these three dividend-paying tech stocks could be worth buying today. TSMC, the world's largest contract chipmaker, manufactures chips for companies including AMD, NVIDIA, Qualcomm, and Apple (NASDAQ: AAPL).
Few brands possess the long history and pedigree of IBM (NYSE: IBM) and Coca-Cola (NYSE: KO). Coca-Cola chairman and CEO James Quincey believes Q2 "will prove to be the most challenging of the year."
Abbott Laboratories (NYSE: ABT) makes for a terrific investment for many reasons. For long-term investors, it starts with the Illinois-based company's rich history of dividend growth. Abbott is well on its way to becoming a Dividend King in a couple of years.The dividend currently yields about 1.4% annually, a bit short of the S&P 500 average of 2%.
U.S. tech firm International Business Machines Corp on Thursday launched a research partnership with Japanese industry to accelerate advances in quantum computing, deepening ties between the two countries in an emerging and sensitive field. Members of the new group, which includes Toshiba Corp and Hitachi Ltd, will gain cloud-based access to IBM's U.S. quantum computers. The group will also have access to a quantum computer, known as IBM Q System One, which IBM expects to set up in Japan in the first half of next year.
Company INTERNATIONAL BUSINESS MACHINES CORPORATION TIDM IBM Headline Notification of filing of document The Corporation's annual report on Form 10-K dated July 28, 2020 was filed with the United States Securities Exchange Commission and in Luxembourg with the Luxembourg Stock Exchange as the officially appointed mechanism for the central storage of regulated information and with the CSSF on July 29, 2020. The report is available at www.sec.gov and www.bourse.lu.
The IBM (NYSE: IBM) board of directors today declared a regular quarterly cash dividend of $1.63 per common share, payable September 10, 2020 to stockholders of record August 10, 2020.
The COVID-19 pandemic has only made the digital divide in the country wider. Yahoo Finance speaks with former Cisco CEO John Chambers and current HPE CEO Antonio Neri to discuss ways to close it.
(Bloomberg) -- Shares of technology companies have soared over the past few months, and valuations “have hit a wall,” suggesting there could be limited additional upside over the near term, according to Jefferies.Analyst Brent Thill believes that “at some point multiple expansion will run out, and that the next leg of growth has to come from fundamentals.” While the backdrop for fundamentals “remains strong,” he wrote, expectations are elevated and “investors will need to be patient in the [near term] before the ride commences again.”Last week saw results from Microsoft Corp., International Business Machines Corp., Texas Instruments Inc., Intel Corp., and Snap Inc., all of which fell in response to their reports. Jefferies cited “the negative reaction to last week’s earnings” as evidence for valuations having limited additional upside.Thus far this year, the S&P 500 information technology index is up 16%, making it the top percentage gainer among industry groups. The group spiked 30% over the second quarter, its biggest quarterly gain since 2001. The overall S&P 500 is essentially flat on the year.According to Bloomberg Intelligence, “pockets of extremes may be developing in tech valuations.” Analyst Gina Martin Adams wrote that “relative valuations for S&P 500 technology companies are back near the cycle peak,” although they “still pale in comparison with the late 1990s.”The comments come ahead of some highly anticipated quarterly results, including from Apple Inc., Amazon.com Inc., Alphabet Inc., Facebook Inc., and Qualcomm Inc.Apple’s results are especially in focus this quarter. Earlier on Monday, JPMorgan removed the iPhone maker from its analyst focus list, writing that at current valuations, “investors looking for further upside have to focus on the longer-term earnings trajectory rather than expect near-term upside.”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.
International Business Machines (NYSE: IBM) began the first quarter of Arvind Krishna's tenure as CEO on a high note. The company beat consensus revenue and earnings estimates. COVID-19 has exacerbated IBM's weak revenue trends.
First, IBM's cloud revenue rose 30% annually, with 17% growth at Red Hat, and accelerated from its 19% cloud revenue growth in the first quarter. Second, its gross margin expanded annually as the expansion of its cloud platforms and Red Hat boosted its scale, productivity, and operational efficiencies. Lastly, investors seemed reassured by CEO Arvind Krishna's focus on the "hybrid cloud" market, which he mentioned dozens of times throughout IBM's conference call.
With zero interest rates and may companies cutting their dividends left and right amid COVID-19, where is one to turn for large and sustainable payouts? While consumer staples stocks also look like a good source of payouts, many such stocks have been bid up to rather expensive levels, and their dividend yields have shrunk. On the other hand, the technology sector has held up fairly well amid COVID-19 thus so far.
The Dow Jones Industrial Average (DJINDICES: ^DJI) was up a modest 0.3% by 11:30 a.m. EDT Wednesday, outperforming the other major stock indices. Shares of Microsoft (NASDAQ: MSFT) and International Business Machines (NYSE: IBM) pushed higher on Wednesday, helping to drive the Dow's gain. Microsoft stock was up despite rival Slack filing an antitrust complaint in the EU, and IBM stock surged following an analyst upgrade.
In contrast with many innovative cloud players that have been posting high revenue growth over the last several years, the debt-loaded tech giant International Business Machines (NYSE: IBM) revealed unexciting second-quarter results on Monday with declining revenue and earnings per share. Given this contrasted situation, is IBM stock a buy?
Company INTERNATIONAL BUSINESS MACHINES CORPORATION TIDM IBM Headline Notification of filing of document The Corporation's current report on Form 8-K dated July 20, 2020 was filed with the United States Securities Exchange Commission and in Luxembourg with the Luxembourg Stock Exchange as the officially appointed mechanism for the central storage of regulated information and with the CSSF on July 22, 2020. The report is available at www.sec.gov and www.bourse.lu.
The Dow Jones Industrial Average (DJINDICES: ^DJI) was leading the charge on Tuesday, up about 1.1% at 12:40 p.m. EDT and outperforming both the S&P 500 and the Nasdaq Composite by wide margins. Shares of International Business Machines (NYSE: IBM) and Coca-Cola (NYSE: KO) rose on Tuesday following earnings reports from both companies. IBM beat estimates across the board, while Coca-Cola was only able to muster mixed results.
IBM's second-quarter results reflect solid growth in Cloud revenues driven by synergies from Red Hat acquisition. Also, robust adoption of z15 mainframe remained noteworthy.
There are other persistent, grave health crises brewing besides the ongoing COVID-19 pandemic: Antibiotic resistance is one, and the troubling trend is that it's on the rise, leading to an increase in so-called "superbugs" that are difficult to treat. IBM Research, working in partnership with Singapore's Institute of Bioengineering and Nanotechnology, has developed a synthetic macromolecule polymer that can potentially be used to significantly increase the effectiveness of existing antibiotics, rendering them able to fight off emerging superbugs. In a new paper published in academic journal Advanced Science, the IBM researchers detail their work in creating a polymer that can be combined with a course of antibiotics that are used to treat non-resistant strains of infections, in doses equal or even lower to those that are found to be effective in treating the varieties of the infections that lack the ability to overcome antibiotics.
Banks handle sensitive customer data that is tightly regulated by the U.S. government and simple functions on other websites - such as presenting a form to collect customer data - become more complex when building web pages for functions such as mortgage applications. The plan is for Adobe's software to run in IBM's cloud system that has received regulatory approval for use by banks, the companies said, which will lead to more banking functions becoming totally digital over time.
IBM has jettisoned some of its legacy business to focus on the high-margin cloud computing business, an area that has seen a lot of action in recent years as companies ramp up their digital shift to boost efficiency. Revenue from the cloud business, previously headed by Krishna, rose 30% to $6.3 billion in the second quarter. Krishna took over as chief executive officer from Ginni Rometty in April, while appointing former Bank of America Corp's top technology executive, Howard Boville, as the new head of the cloud business.
(Bloomberg) -- International Business Machines Corp. rose in premarket trading on Tuesday, after it reported second-quarter revenue that fell less than expected, with strength in the quarter coming from the company’s cloud business.Analysts were mostly positive on what Citi said was “simply a good, clean report,” and multiple firms raised their price targets on the stock. However, Wall Street continues to have a tepid view on IBM’s prospects in the second half of the year. Bloomberg Intelligence wrote that positive trends in the quarter “won’t be sustainable.”Shares rose 5.6% before the bell.Here’s what analysts are saying about the results:Morgan Stanley, Katy HubertyThe results were “better than feared,” but indicate a slower recovery in the second half of 2020.“The weaker economy presents an opportunity to reset earnings expectations, leaving room for future growth investments and diluting the long-standing bear case on the stock.” At the same time, IBM is still “looking for stability in virus cases to revisit guidance,” and a “credible guidance” is needed for the stock to re-rate higher.Equal-weight, price target raised to $128 from $111.Citi, Jim SuvaThis “was simply a good, clean report,” and the high short interest could boost the stock in the near term. However, “our reservation is that IBM’s signings are down -14% off easy comps and a backlog that is down -1%,” in addition to “continued negative sales growth” in many business segments.Neutral rating, price target raised to $140 from $120.Evercore ISI, Amit DaryananiThe results were “well ahead of Street expectations,” even as IBM’s services business “is seeing an appreciable decline vs. expectations.”The focus will be on “IBM’s ability to sustain some of the trend lines/momentum on the growing businesses”; a stabilizing macroeconomic environment could lead to an acceleration in revenue growth.In-line rating, price target raised to $137 from $130.What Bloomberg Intelligence Says:“While strength in IBM’s hardware and cloud products offset weakness in the company’s consulting unit in 2Q, we believe this won’t be sustainable” in the second half of the year. Red Hat’s bookings “could be challenged for the rest of 2020.”\- Analyst Anurag Rana\- Click here for the researchFor 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.