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IBM: SHA-ttering ExpectationsAs we move through 2024, NYSE:IBM continues to demonstrate its strength as a technology powerhouse, particularly in cloud computing, AI, and cybersecurity. With a legacy rooted in innovation, IBM's deep history in encryption technologies and its forward-looking strategies make it a compelling buy for investors aiming to capitalize on the next wave of tech advancements. Financial Performance: Revenue Growth: IBM reported a 5% year-over-year increase in revenue for Q2 2024, driven primarily by its hybrid cloud and AI segments, which saw a combined growth of 12%. Earnings Beat: The company beat analyst expectations with an EPS of $3.15, outperforming the consensus estimate of $2.98. This marks IBM’s fourth consecutive quarter of earnings beats, underscoring its operational efficiency and strong market positioning. Cash Flow: IBM’s free cash flow improved to $9.5 billion for the first half of 2024, reflecting a 7% increase compared to the same period last year, providing ample liquidity for continued investment in innovation and shareholder returns. Quantum Computing and AI Leadership: Quantum Breakthroughs: In 2024, IBM announced a significant breakthrough in quantum computing with its 127-qubit 'Eagle' processor, which is expected to accelerate quantum application developments in fields such as cryptography, materials science, and financial modeling. AI Advancements: IBM’s AI platform, WatsonX, continues to gain traction in the enterprise space, with a 15% increase in new customer adoption in 2024. The platform’s integration with IBM’s hybrid cloud solutions positions it as a leader in the AI-driven transformation of industries. Acquisitions: IBM’s strategic acquisition of ReaQta in late 2023 is already paying dividends in 2024. This cybersecurity firm enhances IBM’s X-Force Threat Management services, making IBM a more formidable player in the fast-growing cybersecurity market. Partnerships: The expansion of IBM’s partnership with SAP in 2024 is set to deliver joint cloud and AI solutions that address the needs of global enterprises, further cementing IBM’s role as a key technology enabler. Technical Potential: Stock Performance: As of August 2024, IBM’s stock is trading at $190 per share, up 25% year-to-date, but still trading at a forward P/E ratio of 12.5x, which is below the industry average. This suggests the stock is undervalued relative to its peers, providing a buying opportunity. Price Target: Analysts are bullish on IBM’s growth prospects, with a consensus price target of $250, representing a potential upside over the next 12 months. This target is supported by expected continued growth in IBM’s high-margin cloud and AI businesses. Dividend Yield: IBM continues to offer a robust dividend yield of 4.7%, providing an attractive income stream while investors wait for the company’s growth initiatives to further drive stock price appreciation. - Q3 2024 Earnings: October 23, 2024 (preliminary) - Q4 2024 Earnings: January 22, 2025 (measurable) Did IBM develop Bitcoin? Goodluck. $194.75 NYSE:IBM
NYSE:IBMLong
by lognomics
BNX price movement projection / (Pay attention to the details)BINANCE:BNXUSDT GATEIO:BNXUSDT Hello Traders Until end of this week, BNX can give us two possible good positions in two sides. Short movement: Price needs to retest lower supports to gain the stability for an upward pullback to near 1.65. So with a SL near the nearest important resistance in 1.4968, you can open a short position with a near target of 1.28-1.18 and a far optimistic target near 1.05 Long movement: After price stabilized and gain volume between 1.1618 - 1.3474, only if nothing outside the box (Like start of a war😟 or anything else)happens to the market, BNX can retest resistance near 1.48-1.5 and after that start a movement to near 1.65 level. The timing for the positions on the chart are not precise. Pay attention to VRVP closely.
by CrazyS
Long Term $270 Buying ZoneIt's hard to find entries on ultra strong stocks like this. But looking at the weekly chart we see that the median of the fork created by the 2008 crisis has not been touched in a long time. This gives an idea to match that median with a low volume zone on the volume profile. Should another global financial crisis arise then it may make a similar buying opportunity. $270 may seem like a long way to fall for such a blue chip stock but it's not impossible considering it went from about $100 to $45 in 2008. It is currently near the upper fork extension of so it could be considered over extended.
NYSE:BRK.B
by mljones
Long Term Silver Stacking Zone $20 to $15These line up with probable liquidity hunting zones on the monthly chart to fill in low volume notches on the volume profile and using fork extensions to estimate timing. The bottom end of the zone is less likely around $15 because the point of control is at $16.5 and would probably tend to soak up price tests through it. But the trade idea is still valid even if the POC doesn't provide support. The volume profile has a double distribution meaning disagreement among traders on this time frame. An exit point might be at $23 which is the next developing POC but if I stack some silver below $20 I will probably hold it for something more like $40 since silver has a tendency to produce short squeezes and shoot to the moon for a short burst and then collapse. Also holding physical silver (probably 10 oz bars) is a nice way to get a warm and fuzzy feeling of financial security so having a bit on hand is not a bad idea.
COMEX:SI1!
by mljones