Zagace Founder & President, Mubarak Muyika, joins 'Influencers with Andy Serwer' to explain why he turned down Harvard and discuss his path to success.
IBM's results weren't surprising, since it's repeatedly struggled to offset the slow growth of its legacy IT services, on-site software, and hardware businesses with its newer cloud-based businesses. Its stock lost about a quarter of its value and reinvested dividends only gave investors a total return of 3% -- compared to a total return of nearly 270% for the S&P 500 over the same timeframe. IBM certainly looks cheap at 10 times forward earnings with a hefty forward dividend yield of 5.5% -- but is it a value stock, or a value trap?
U.S. stock indexes were set to open lower on Wednesday as investors parsed through earnings reports from companies including Boeing and Microsoft, ahead of the Federal Reserve's policy statement later in the day. Microsoft Corp gained 1.7% premarket, as the software maker continues to benefit from remote working and learning trends globally. Microsoft's results set a positive precedent for other technology-related companies including Apple Inc, Tesla Inc and Facebook Inc, which are set to report quarterly numbers later in the day.