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

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Here is What to Know Beyond Why International Business Machines Corporation (IBM) is a Trending Stock

IBM (IBM) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock’s performance in the near term.

Shares of this technology and consulting company have returned -5.3% over the past month versus the Zacks S&P 500 composite’s -4.3% change. The Zacks Computer – Integrated Systems industry, to which IBM belongs, has lost 3.8% over this period. Now the key question is: Where could the stock be headed in the near term?

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

Here at Zacks, we prioritize appraising the change in the projection of a company’s future earnings over anything else. That’s because

Read More