Today’s video takes a closer look at International Business Machines (IBM - Free Report) ahead of their earnings report. The company has been trying to execute a turnaround strategy with mixed success, putting extra pressure on the coming report to set the record straight.
In one respect, it appears as though IBM stock has more than bottomed-out and the company is back on the path of growth. Plus, with a great near term history in earnings season, IBM has clearly developed the ability to manage expectations in earnings season, a quality that is always helpful.
However, there are some questions for IBM too. The company has a terrible industry rank, while it has a ‘D’ for its VGM score. IBM has also just fallen into ‘sell’ territory, while its earnings estimate picture isn’t great, as we can see in the chart below.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Today’s video takes a closer look at International Business Machines (IBM - Free Report) ahead of their earnings report. The company has been trying to execute a turnaround strategy with mixed success, putting extra pressure on the coming report to set the record straight.
In one respect, it appears as though IBM stock has more than bottomed-out and the company is back on the path of growth. Plus, with a great near term history in earnings season, IBM has clearly developed the ability to manage expectations in earnings season, a quality that is always helpful.
However, there are some questions for IBM too. The company has a terrible industry rank, while it has a ‘D’ for its VGM score. IBM has also just fallen into ‘sell’ territory, while its earnings estimate picture isn’t great, as we can see in the chart below.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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