International Business Machines Corporation (IBM) News
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IBM News Highlights
- IBM's 30 day story count now stands at 26.
- Over the past 24 days, the trend for IBM's stories per day has been choppy and unclear. It has oscillated between 1 and 14.
- RBC, TOP and ARM are the most mentioned tickers in articles about IBM.
Latest IBM News From Around the Web
Below are the latest news stories about INTERNATIONAL BUSINESS MACHINES CORP that investors may wish to consider to help them evaluate IBM as an investment opportunity.
Betting Big: 3 Forgotten Stocks Primed for a BreakoutThe Street often wants retail investors to ignore promising stocks while the "big money" buys shares. |
Disney Stock Could Climb 50%, J.P. Morgan SaysWalt Disney hosted a parks-focused analyst meeting at Walt Disney World, where speakers included CEO Bob Iger, Disney Parks, Experiences and Products Chairman Josh D’Amaro, and ESPN Chairman Jimmy Pitaro, as well as a number of other executives. On the stock, we have found investors mostly on the sidelines this year as the company works to define its strategic future, but like shares at this level and expect in the next six to 12 months that major questions around Hulu, an ESPN investment, and a linear sale (or not) will be answered, which should give investors more confidence in long-term value creation at the company. |
Gary Cohn voices concern over Federal Reserve's monetary policy impact on banks - BloombergGary Cohn, former president of Goldman Sachs Group Inc (NYSE:GS). and current vice chairman at International Business Machines Corp. (NYSE:IBM), has expressed concerns about the Federal Reserve's monetary policy. On Friday in an interview on Bloomberg Radio, Cohn criticized the central bank's strategy of increasing interest rates to counter inflation, arguing it might be causing more harm than good. |
IBM Knocks on the Door of Its 52-Week High, But Nobody AnswersLet's drill down to see the risk/reward conditions of the stock and why it may no longer be a 'Best Idea.' |
3 Quantum Computing Stocks That Should Be on Every Investor’s Radar This FallThe next frontier of the computing industry is loaded with upside, making these quantum computing stocks sure winners. |
Price TargetsAlong with giving buy, sell, or hold ratings on the stocks they cover, Wall Street analysts also provide investors with a price target. |
S&P 500 Gains and Losses Today: Index Falls as Fed Signals Another Rate Hike This YearThe S&P 500 lost almost 1%, while the Dow and Nasdaq also fell on Wednesday, Sept. 20, 2023, after the Federal Reserve indicated it could raise interest rates again this year. |
Arm, Instacart, IBM: Trending TickersArm Holdings (ARM) shares close lower on Wednesday as ARK Invest Founder Cathie Wood notably avoided the chipmaker's IPO, stating there's "too much emphasis on AI." Instacart (CART) stock falls by over 10% to close out its first full trading day. Lastly, RBC analysts initiate coverage on IBM, rating it at "Outperform" with a price target of $188. Yahoo Finance Live's Akiko Fujita and Josh Lipton highlight some of the top trending stocks after Wednesday's closing bell at the New York Stock Exchange. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. |
Why IBM Shares Were Rising TodayThe reason for IBM's rise was a rare outperform rating given on the stock in a new initiation by a Wall Street sell-side equity analyst. Investors and Wall Street seem to have been lulled into a pessimistic take on IBM after years of seeing its business disrupted by Silicon Valley cloud companies. Today, analyst Matthew Swanson of Wall Street firm RBC Capital initiated IBM with an outperform rating (just the eighth analyst out of 26 with the equivalent of a buy rating) and a $188 price target, which is a street-high target on Big Blue. |
IBM shares rise despite sluggish market performanceShares of International Business Machines Corp. (NYSE:IBM) managed to defy a generally disappointing trading session, climbing by 2.26% to reach $149.83 on Wednesday. This came as a second successive day of gains for the tech giant, even as major indices such as the S&P 500 and Dow Jones Industrial Average recorded declines of 0.94% and 0.22%, settling at 4,402.20 and 34,440.88, respectively. |