2024-04-04 12:45:09 ET
Summary
- IBM has seen a significant turnaround, outperforming the S&P 500 by 12 points since September 2023.
- The company's focus on AI and consulting services has positioned it well for growth and market share gains.
- IBM's valuation is relatively subdued, but its potential for better performance in the future makes it a bullish investment.
Introduction
Until last year, I've "never" been a big fan of International Business Machines Corporation ( IBM ) , as it didn't have the capabilities to keep up with more innovative growth/tech stocks or the characteristics that I was looking for in a pure-value stock.
Over the past ten years, IBM has returned just 61%, including its dividends.
This is a horrible performance compared to the 230% return of the S&P 500, the 194% return of the Schwab U.S. Dividend Equity ETF ( SCHD ), and the 547% return of the Technology Select Sector ETF ( XLK )....
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For further details see:
Is IBM A Sleeping Giant? 3.5% Yield And A $1.3 Trillion AI Opportunity