International Business Machines Corporation (IBM) Is a Trending Stock: Facts to Know Before Betting on It
IBM (IBM) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this technology and consulting company have returned +4.1%, compared to the Zacks S&P 500 composite’s no change. During this period, the Zacks Computer – Integrated Systems industry, which IBM falls in, has lost 2.7%. The key question now is: What could be the stock’s future direction?
While media releases or rumors about a substantial change in a company’s business prospects usually make its stock ‘trending’ and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company’s earnings projection. This is because we