IBM (IBM) Offering Possible 44.93% Return Over the Next 23 Calendar Days

IBM's most recent trend suggests a bullish bias. One trading opportunity on IBM is a Bull Put Spread using a strike $125.00 short put and a strike $120.00 long put offers a potential 44.93% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $125.00 by expiration. The full premium credit of $1.55 would be kept by the premium seller. The risk of $3.45 would be incurred if the stock dropped below the $120.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for IBM is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for IBM is bullish.

The RSI indicator is at 72.7 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for IBM

Tech Analyst Says Valuations ‘Hit a Wall’ Following Recent Gains
Mon, 27 Jul 2020 14:45:04 +0000
(Bloomberg) — Shares of technology companies have soared over the past few months, and valuations “have hit a wall,” suggesting there could be limited additional upside over the near term, according to Jefferies.Analyst Brent Thill believes that “at some point multiple expansion will run out, and that the next leg of growth has to come from fundamentals.” While the backdrop for fundamentals “remains strong,” he wrote, expectations are elevated and “investors will need to be patient in the [near term] before the ride commences again.”Last week saw results from Microsoft Corp., International Business Machines Corp., Texas Instruments Inc., Intel Corp., and Snap Inc., all of which fell in response to their reports. Jefferies cited “the negative reaction to last week’s earnings” as evidence for valuations having limited additional upside.Thus far this year, the S&P 500 information technology index is up 16%, making it the top percentage gainer among industry groups. The group spiked 30% over the second quarter, its biggest quarterly gain since 2001. The overall S&P 500 is essentially flat on the year.According to Bloomberg Intelligence, “pockets of extremes may be developing in tech valuations.” Analyst Gina Martin Adams wrote that “relative valuations for S&P 500 technology companies are back near the cycle peak,” although they “still pale in comparison with the late 1990s.”The comments come ahead of some highly anticipated quarterly results, including from Apple Inc., Amazon.com Inc., Alphabet Inc., Facebook Inc., and Qualcomm Inc.Apple’s results are especially in focus this quarter. Earlier on Monday, JPMorgan removed the iPhone maker from its analyst focus list, writing that at current valuations, “investors looking for further upside have to focus on the longer-term earnings trajectory rather than expect near-term upside.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

IBM Study: Most U.S. Consumers Remain Unsettled About the Economy, Visiting Public Spaces and Returning to the Workplace Amidst COVID-19
Mon, 27 Jul 2020 13:00:00 +0000
The most recent findings from an ongoing IBM (NYSE: IBM) Institute for Business Value (IBV) survey of U.S. consumers show that Americans remain concerned about returning to the workplace in the face of the ongoing pandemic, and expect further outbreaks of COVID-19 in the fall. The July research revealed a slight contrast in consumer attitudes compared to June, when there were emerging signs of public optimism about the direction of the pandemic and the economy.

IBM launches free, open digital learning platform 'SkillsBuild Reignite' to help Canadian job seekers and business owners get back to work
Mon, 27 Jul 2020 12:00:00 +0000
TD Bank Group, via its global corporate citizenship, the TD Ready Commitment, is lending additional support to this collaboration to fund programs that help women and newcomer IT professionals find career success in Canada.The IBM SkillsBuild platform will also be used by Youth Employment Services (YES) a Canadian youth employment leader that serves and empowers thousands of disadvantaged and vulnerable youth to develop skills in digital literacy and cloud computing.

IBM Just Announced Earnings: What's Next for the Tech Giant?
Sun, 26 Jul 2020 19:10:00 +0000
International Business Machines (NYSE: IBM) began the first quarter of Arvind Krishna's tenure as CEO on a high note. The company beat consensus revenue and earnings estimates. COVID-19 has exacerbated IBM's weak revenue trends.

3 Great Income Stocks to Buy Right Now
Sun, 26 Jul 2020 11:32:00 +0000
Companies that can maintain dividends are becoming scarce, yet these three are poised to provide investors with income for some time.

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