What IBM Earnings Means for Your Portfolio

 
January 27, 2021
 
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In fact, there are a lot of stocks that aren't at all-time highs that have strong value… and they're now ready to run higher in the coming months.
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Dissecting IBM Earnings & What
It Means For Your Portfolio
Disappointing earnings from technology leaders are to blame for the drop in the Dow Jones last week. Leading the disappointments is the missed revenue expectations from International Business Machines Corp., aka IBM.

IBM's stock price fell around 6.5% aftermarket. Its sales have now declined or remained stagnant for 10 quarters with no year-over-year increase in revenue. Its biggest unit (cloud and cognitive software) saw revenue decrease 4.5% from the year earlier. Unfortunately for IBM, this is becoming a familiar pattern and is reflected in its stock price.

It is still too early into earnings season to make broader characterizations across the market. But keep an eye on the stock charts to see how traders react to the news, rather than taking headlines at face value.
Let's Take a Look
 
 
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