$IBM with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for NYSE:IBM after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 85.71%.
IBMD trade ideas
IBM eyes on $230.71: Key support going into EarningsFollowup to my Long Call that got 40% plus (click).
Big Blue has been flying since our entry.
Currently tap dancing on a Genesis fib.
And reinforced by Covid Fib just below.
Earnings tonight will make next move.
If dumps, look for supports below to buy.
If pumps, I will calculate new targets above.
$ 229.05 - 230.71 is the exact level to hold.
$ 218.38 - 218.70 is minor support below.
$ 201.91 - 203.19 is major/critical support
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Previous Alert that launched EXACTLY from entry, for >40% gains::
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I'm using put options to trade its 3Q earningscopy and paste from Morgan Stanley:
IBM has been on a nearly unprecedented run in the last 3 months, outperforming the S&P 500 by 20 points since 2Q earnings. IBM is now trading at all-time valuation highs on an absolute and relative basis. This momentum has been driven by 3 prevailing bull theses:
(1) excitement around growth accelerating in CY25 with ELA/Mainframe cycles and the HCP acquisition,
(2) the view that IBM is/will be an AI beneficiary,
and (3) an expectation that RHT will be a beneficiary of volatility at VMW.
IBM International Business Machines Options Ahead of EarningsIf you haven`t bought IBM before the previous earnings:
Now analyzing the options chain and the chart patterns of IBM International Business Machines prior to the earnings report this week,
I would consider purchasing the 250usd strike price Calls with
an expiration date of 2025-3-21,
for a premium of approximately $8.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
IBM eyes on $163.30 then $158 for possible Bottoms of correctionIBM had the business office monopolized but then lost it.
PC's came and they said "it's a fad, we have TYPEwriters"
AI came and they said "we have Watson, he plays chess"
It has however been in an uptrend with the market.
Retrace is now testing a key support fib at $163.30
If that one fails, we have a fallback fib at $157.99
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[IBM] Monthly ATH in SeptemberNYSE:IBM close the September trading month by making ATH. Last time it did this was in 2010 & the price kept went ahead for the next 12 months. Would it has the strength to repeat the same history ? let see.
Cherio...
IBM - another break of all time highs possible. IBM - stock broke all time highs last week now looking to retest or break those highs. Stock making a strong bounce of 9 EMA. looking to add calls above $223 for breaking of $225 and $230. Stock is strong on indicators.
IBM, will continue it's LEGACY OF GROWTH! IBM has recorded its 3 straight year of significant price growth since falling to 87.0 level on January 2020 - during the pandemic era. Since then, price has significantly recovered and fundamental growth has been as consistent as ever even in the pandemic years. Yearly Revenues has steadily increased with no miss.
Here's is the financial breakdown of the last 3 years.
IBM revenue for the quarter ending March 31, 2023 was $14.252B, a 0.39% increase year-over-year.
IBM revenue for the twelve months ending March 31, 2023 was $60.585B, a 3.81% increase year-over-year.
IBM annual revenue for 2022 was $60.53B, a 5.54% increase from 2021.
IBM annual revenue for 2021 was $57.35B, a 3.93% increase from 2020.
Last earning calls: Mar 2023 EPS beat by 9.73%
A closer look at the annual chart, we can see that the company's GROWTH trajectory will remain in place. Bubble up volume has appeared for three straight years already -- creating a higher low price base for a new series of long term growth. These metrics also indicates investor's confidence of the company growth prospect.
Net buy volume / accumulation has significantly risen this last few months indicating a positive long-term outlook for the stock.
It is currently ranging at an attractive 0.5 FIB level on our annual chart. A major order block support where most buyers converge. Before this ascend to 0.5 FIB, it overextended its correction to 0.786 FIB level and bounced off it with precision.
On histogram, it is now consolidating at the bottom wave shift conveying an attractive price base for position takers / investors in the long term. This indicates an ascend continuation both in technical and fundamental aspect. Last time it did a bottom wave shift was on January 1995 before hitting the 1000% increase overtime in its price valuation.
A revisit of its ATH is likely in the next couple of years -- with solid fundamentals and being the the Most Innovative and Prizewinning Tech Company, IBM's future is rosier than ever.
Financials
Quarterly financials
MAR 2023
(USD) Mar 2023 Y/Y
Revenue 14.25B 0.39%
Net income 927M 26.47%
Diluted EPS 1.01 24.69%
Net profit margin 6.5% 25.97%
Operating income 1.44B 46.26%
Net change in cash 1.55B 52.59%
Cash on hand - -
Cost of revenue 6.74B 1.75%
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Spotted at 133.0
TAYOR
Safeguard capital always.
Is IBM's retreat from China a strategic gamble or a harbinger ofIBM's recent strategic decision to shutter its research and development center in China has sent ripples through the global tech industry. This move, coupled with the exodus of other American tech giants, has ignited a heated debate about the forces shaping the future of business in the world's second-largest economy.
Is IBM's retreat a calculated response to changing market dynamics, or is it a canary in the coal mine, signaling a broader shift in the geopolitical landscape? As we delve deeper into the intricacies of this decision, a complex picture emerges, one that challenges our understanding of the delicate interplay between business, politics, and economics.
IBM's withdrawal from China is not merely a corporate decision but a reflection of the evolving tensions between the world's two superpowers. The escalating trade wars, regulatory hurdles, and geopolitical uncertainties have created a challenging environment for foreign businesses, forcing them to reassess their strategies.
However, IBM's decision is also a strategic one, driven by factors such as cost optimization and a desire to focus on core competencies. By relocating its operations to regions with lower labor costs, IBM can enhance its profitability and allocate resources more efficiently.
As we navigate the complexities of this situation, it's imperative to recognize that IBM's retreat is not an isolated incident. It is a symptom of a broader trend, a reflection of the challenges faced by foreign companies operating in China. The economic slowdown, increased nationalism, and regulatory uncertainty have created a perfect storm that is forcing businesses to rethink their China strategies.
The future of business in China remains uncertain. IBM's decision is a stark reminder of the delicate balance between economic opportunities and geopolitical risks. As the world continues to evolve, it is essential for businesses to remain agile, adaptable, and prepared to navigate the challenges and seize the opportunities that lie ahead.
IBM sell: Wave 1 = Wave 5This is the best time to short IBM at a good risk-reward ratio. The SL is just above today's high. The TP is way below if you can hold.
IBM reaches all-time highs amid strategic shiftsIBM captured significant attention in August 2024, driven by pivotal developments that underscore the company’s strategic realignment and technological innovation. The decision to close its research and development centre in China, which will impact over 1,000 employees, is part of a broader global restructuring aimed at sharpening its focus on burgeoning sectors like artificial intelligence (AI) and cloud technology. This move reflects IBM's commitment to consolidating its resources towards high-growth areas.
Adding to the momentum, IBM's presentation at the Hot Chips 2024 conference showcased its latest advancements in processor technology. The introduction of the Telum II processor and Spyre gas pedal marks a significant leap in computing power and energy efficiency, particularly for AI tasks, which are becoming increasingly crucial across industries.
These initiatives indicate IBM's ongoing efforts to fortify its leadership in AI and cloud technologies, signalling a future solid trajectory despite the reductions in other operational areas.
Technical analysis of International Business Machines Corp. (NYSE: IBM)
Exploring potential trading opportunities based on the current technical indicators of IBM's stock:
Timeframe : Hourly (H1)
Current Trend : the daily trend is upward, with the hourly chart showing a correction phase following extended growth
Short-term Target : immediate resistance is at 194.50 USD, which is the current target of the correction phase
Medium-term Target : a break above the resistance at 199.00 USD could pave the way for a rise to 210.00 USD
Key Support : positioned at 194.50 USD
Reversal Scenario : a break below key support at 194.50 USD could negate the bullish outlook, potentially leading to a decline towards 193.50 USD
IBM's shares are experiencing robust growth, hitting all-time highs. The stock's trajectory suggests that with the continuation of a favourable economic environment, there is potential to breach the 210.00 USD mark and achieve further gains. Investors and traders should monitor these levels closely as IBM continues to navigate strategic transitions and capitalise on its technological advancements.
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IBM to Remain Running with the BullsLet the trend be your friend! A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 18.60%. Further rise is indicated until a new top pivot has been found. What I see to be 240!!!!
BUY
Entry Point: 196.02
TP1: 200.00
TP2: 210.50
TP3: 220.00
EOY: 240.00
Stop Loss: 186.10
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
$IBM Support Levels HoldingNYSE:IBM did not have a great earnings report for the 1st Quarter 2024, but 2nd quarter improved. The stock has one of the better charts in the Dow 30 components. It has held up better than most of the Dow components, except for those stocks that are in buyback mode. It has been tapering off its buybacks for 2 quarters. So the gains holding above the support lows are not from buybacks. There are accumulation patterns and pro trader activity in the mix. One to watch for swing trading potential.
IBM long position Hi traders,
In June the price created double bottom pattern and since then the price has been creating higher lows and higher highs. Recently the price broke the strong resistance.
We are expecting that the price will pullback to retest previous resistance and confirm it as support.
After that we expect uptrend continuation.
Previous resistance is expected to act as support now, therefore it could be the entry for the long position.
Our target is at the next key resistance.
Stop loss can be placed at 174$.
IBM International Business Machines Options Ahead of EarningsIf you haven`t sold IBM before the previous earnings:
Now analyzing the options chain and the chart patterns of IBM International Business Machines prior to the earnings report this week,
I would consider purchasing the 185usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $7.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
IBM crossroadsSimple setup for the future of IBM a little bit bullish biased with the potential destination of the last blue rectangle, but first some signs of another inflection maybe after a descent must occur, preferably at any of the elements in the snapshot which could become support or resistance regardless of the path the market takes. Probably needs good earnings report for such a scenario, although there could also be a last chance setup possible somewhere at the bottom white arc even if the Earnings disappoint or don't impress.
In a more bearish scenario for the short sellers a rebound from the slim white rectangle or break and retest of the bottom white curve could trigger the crossroad between the envisioned more bullish toned scenario and other potentials.
IBMApply risk management
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Disclaimer
Support ZoneThe support we have reached now is a multiple one:
1. The April close and low,
2. The 38% retracement of the large rise from October 2022 till March 2024,
3. The December 2023 trading range.
There is still downward momentum but the chances of a good gain are sufficient to take a position. If the decline will continue however an increase of the position at better prices is possible.
IBM is about to break outI mostly trade crypto but when I saw the daily chart of IBM, I could not pass on the opportunity given the nice consolidation set up with a potential W break out. I think IBM is a great buy in the 172-170 zone. My near term price targets are 185 PT1 and 195 PT2.
I think IBM will benefit from AI and Quantum compute trend that continues to deliver productivity gains and market moving news and sentiment. I'm accumulating in the buy zone of 172 and below. This is not a financial advice, DYOR.
Boring Stock, Getting Close to a Potential Long-Term BreakoutWaiting for a monthly close above the 8-year downtrend line to get in. The chart is pretty messy but many other signals are converging around that area (200-month EMA, 50-month EMA, .382 Fib). Price had a false breakout early in the downtrend based on the trendline I drew but I drew it where it is because it had many hits along this line. If price breaks out here I think it's significant because it would also be breaking above the 200-month EMA after dipping below temporarily (which it hadn't done for a really long time). I'm waiting for a monthly close above the 200-month EMA to start a position, and will plan on adding more if it can get about the 50-month EMA. I don't have a stop loss, this is a long-term buy and hold and collect the dividends if it can breakout. If it has a false breakout and goes down, I'll just buy up more at certain intervals and will update this idea. I think from looking at this chart and reading/listening to some of the other ideas about this stock that it can surpass the highs it made about 8 years ago and my price target is $270-$300 where I would start to think about using a stop loss and protecting profit. I like using stop losses eventually because it can let a stock potentially run rather than just selling when it hits the target. Anyway, waiting for another week to make a decision. If price ends up failing here, I think I will probably be able to get in down around $100 or maybe even a bit lower and I would consider starting a position there but I like buying on breakouts rather than trying to catch a "falling knife". One more thing on this stock, it hasn't participated much in the market recovery since the March lows from the covid panic selloff and that makes me like it also (just look at a long-term chart of Microsoft after the tech bubble, for a long time it pretty much traded sideways and now look at it, I'm not saying IBM will do the same but it could, I'm not one to limit the potential of the stock market long-term, over long periods of time it goes up on average).
**These are just notes about what I am personally considering doing and are not recommendations to trade. If you decide to follow any of this, trade at your own risk and keep a long-term perspective, I'm talking this trade could take the better part of a decade to play out (not weeks or months, that would be a short-term trade which is usually not for me).**
Currently in a nice level of FIB on IBM.🔉Sound on!🔉
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