Earnings


IBM is set to report earnings next week, and one market watcher sees the stock as a value play at current levels.

The company is scheduled to announce quarterly results Thursday after the market closes, and Mark Tepper of Strategic Wealth Partners likes the stock, off to a strong start to the year, ahead of its report. Here are his reasons why.

• The stock is undervalued relative to its peers, with a forward price-earnings ratio of 11.8, according to FactSet data.

• The company is strong in the cloud, mobile, security and analytics spaces.

• IBM is expanding its footprint in the growing blockchain market.

The stock fell nearly 8 percent last year and the company has seen 22 straight quarters of declining revenue. Still, after its last earnings report in October, the stock surged 9 percent.

Bottom line: Tepper sees IBM as a value at these levels, ahead of the company’s earnings report next week.

Disclosure: Neither Mark Tepper nor his firm owns IBM.



Source link

Products You May Like

Articles You May Like

Shake Shack reports fourth quarter earnings 2017
Stocks will withstand inflation, says Bessemer’s Rebecca Patterson
Aerospace viewed as area for ‘long-term sustained growth’
WisdomTree shares pop on report of JP Morgan interest in buying an ETF firm
Airbus takes $1.6 billion charge on A400M military plane

Leave a Reply

Your email address will not be published. Required fields are marked *