IBM Q4 Earnings - Buy the Rumour Sell the News

Companies / Corporate Earnings Jan 30, 2023 - 08:55 PM GMT

IBM - $142 EGF 22%, EGF12M 6%, PE 16

IBM the sleeping giant was one of the best performing stocks of 2022 and with very strong EGF's has the potential to blast off out of it's multi-year trading range towards $200 a share during 2023! A fair PE of 16 coupled with high EGF's suggest IBM really could surprise all who had written it off as a dead dividend stock, not with EGF scores of +22% and +6%! So whilst the stock price says SELL the dinosaur trading at the top of it's trading range, the fundamentals of the company say higher prices, especially if one understands what's going on under the hood in terms of Quantum Computing, AI and a library of tens of thousands of patents then the picture of IBM of the past that most hold in their mind is not the same as the IBM of today. The bottom line is that IBM is primed for a positive earnings surprise!

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By Nadeem Walayat

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Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

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