How to Play IBM's $19 Billion Spin-Off News
October 15, 2020 at 05:00 AM EDT
I'd say , "It's hard to believe IBM is 109 years old," but the truth is "Big Blue" has been showing its age for a while now. Believe it or not, International Business Machines Inc. is actually one of the longest-listed companies on the Dow Jones Industrials, listed from 1932 to 1939, and most recently in 1979. The way the Dow is shedding "legacy" companies these days, who knows how much longer IBM will be there. It was a little before my time, but once, IBM was the bluest of the blue-chip stocks - in fact, it practically put the "blue" in "blue chip." There's a lot going on in the company's trophy case. IBM employees have been awarded five Nobel Prizes, five National Medals of Science, and a huge array of prestigious awards. IBM manufactured the most powerful, widely used computer system in the world for nearly two decades. The company's track record of innovation was unmatched... for a while. Don't get me wrong: This company is still pulling off impressive technological feats. It's just that nowadays, a whole lot of other companies are, too. Once it was one of the most valuable companies in the country; now it's in 34th place on the Fortune 500. Its stock is down from its 2013 all-time highs of $213, and not many analysts expect it to get back there anytime soon. Then again, it may not have to. IBM still has one of the most popular, valuable brands in the word. Just close your eyes and think of "IBM," and I'd bet you can see its famous "eight bar" logo. And, like I said, it's still got more than a few tech aces up its sleeve. And that is the key to IBM's latest move - why it made such a huge splash. And that's why I'm making a very, very rare buy recommendation today... Full Story And that's why I'm making a very, very rare buy recommendation today... Tags: trading strategies To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post How to Play IBM's $19 Billion Spin-Off News appeared first on Money Morning - We Make Investing Profitable .