International Business Machines Corporation ($IBM) Stock Forecast: Down 6.6% Today

What is International Business Machines Corporation?

IBM (NYSE: IBM) is a multinational technology company known for its hardware, software, and cloud computing services. The overall market sentiment has been mixed with the Nasdaq futures gaining, but IBM experiencing a sharp decline in pre-market trading.

Why is International Business Machines Corporation going down?

IBM stock is down 6.6% on Oct 24, 2024 16:41

• IBM's stock faced a downward trend today due to a third-quarter revenue miss, despite surpassing earnings expectations, indicating a preference for revenue over earnings among investors.
• The stock movement of IBM may have been influenced by the general trend of tech stocks revealing their Q3 earnings, potentially leading to unmet high expectations.
• The overall negative market sentiment following declines in the Dow Jones Industrial Average and the S&P 500 from the previous day could have contributed to the bearish movement in IBM's stock.
• Concerns about IBM's capacity to benefit from the increasing demand for hybrid cloud and AI solutions may have impacted the stock's decline, despite positive demand trends.

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IBM News

IBM Posts Weak Sales, Joins Garrett Motion, Beyond And Other Big Stocks Moving Lower In Thursday's Pre-Market Session - Carrier Global ( NYSE:CARR ) , Beyond ( NYSE:BYON )

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 150 points on Thursday. Shares of International Business Machines Corporation IBM fell sharply in today's pre-market trading session following a third-quarter revenue miss.

https://www.benzinga.com/news/24/10/41516060/ibm-posts-weak-sales-joins-garrett-motion-beyond-and-other-big-stocks-moving-lower-in-thursdays-pre

IBM's Q3 Earnings Beat, Revenues Miss Despite Solid Demand

Healthy demand trends for hybrid cloud and AI solutions with a broad-based growth help IBM to beat third-quarter 2024 earnings estimate.

https://www.zacks.com/stock/news/2356569/ibms-q3-earnings-beat-revenues-miss-despite-solid-demand

TSLA, SAVE, IBM, BA, ARM: Top 5 Trending Stocks Today - ARM Holdings ( NASDAQ:ARM ) , Boeing ( NYSE:BA )

U.S. markets closed lower on Wednesday, with the Dow Jones Industrial Average falling nearly 1% to 42,514.95 and the S&P 500 slipping by a similar margin to 5,797.42. The Nasdaq saw a sharper decline of 1.6%, ending at 18,276.65.

https://www.benzinga.com/markets/equities/24/10/41506906/tesla-spirit-airlines-ibm-boeing-and-arm-holdings-why-these-5-stocks-are-on-investors-radars-tod

How To Earn $500 A Month From IBM Stock Ahead Of Q3 Earnings - IBM ( NYSE:IBM )

International Business Machines Corporation IBM will release earnings results for its third quarter, after the closing bell on Wednesday. Analysts expect the Armonk, New York-based company to report quarterly earnings at $2.23 per share, up from $2.01 per share in the year-ago period.

https://www.benzinga.com/news/earnings/24/10/41485836/how-to-earn-500-a-month-from-ibm-stock-ahead-of-q3-earnings

3 Tech Stocks to Watch as Q3 Earnings Approach: CSGP, IBM, VRT

Led by International Business Machines (IBM), several trending tech stocks are set to report their third quarter results on Tuesday, October 22.

https://www.zacks.com/commentary/2354313/3-tech-stocks-to-watch-as-q3-earnings-approach-csgp-ibm-vrt

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International Business Machines Corporation Price History

24.09.2024 - IBM Stock was down 6.6%

• IBM's stock faced a downward trend today due to a third-quarter revenue miss, despite surpassing earnings expectations, indicating a preference for revenue over earnings among investors.
• The stock movement of IBM may have been influenced by the general trend of tech stocks revealing their Q3 earnings, potentially leading to unmet high expectations.
• The overall negative market sentiment following declines in the Dow Jones Industrial Average and the S&P 500 from the previous day could have contributed to the bearish movement in IBM's stock.
• Concerns about IBM's capacity to benefit from the increasing demand for hybrid cloud and AI solutions may have impacted the stock's decline, despite positive demand trends.

24.09.2024 - IBM Stock was down 5.4%

• Following a third-quarter revenue miss, IBM experienced a strong bearish movement, resulting in a sharp decline in its stock price during the pre-market trading session.
• The weak sales performance of IBM in the third quarter is believed to have contributed to the bearish trend in the market, disappointing investors and triggering a sell-off of the stock.
• Despite expectations of higher software revenues boosting IBM's earnings in Q3, the actual revenue miss appears to have overshadowed any positive outlook, leading to a significant drop in the stock price.
• The overall negative sentiment in the market, with U.S. markets closing lower and other tech stocks like ARM Holdings also showing a downward trend, may have further worsened the bearish movement of IBM's stock.

25.03.2024 - IBM Stock was down 7.9%

• IBM stock saw a notable decline of over 9%.
• The market responded negatively to challenges faced by IBM's consulting business as enterprises scaled back due to economic uncertainty and high interest rates.
• The overall market sentiment was pessimistic, with the Dow falling by over 400 points due to inflation and growth concerns, impacting IBM's performance.
• Despite positive earnings and acquisition news from IBM, market pressures and spending limitations within enterprises overshadowed these developments, resulting in the stock's bearish movement.

04.03.2024 - IBM Stock was down 1.1%

• Experienced a bearish movement.
• The return of free blue checks on Elon Musk's X platform possibly diverted market attention from IBM.
• Investor interest in dividend stocks for passive income may have impacted IBM negatively.
• Microsoft's progress in quantum computing potentially attracted investors towards tech companies like Microsoft, resulting in a sell-off of IBM shares.

15.03.2024 - IBM Stock was down 1.8%

• Today, IBM experienced a notable bearish movement with the following contributing factors:
• A recent downgrade from a "buy" rating to a "hold" rating.
• Fujitsu's establishment of a significant cyber team to compete with IBM, potentially signaling heightened competition in the cybersecurity industry.
• Investors showing caution with the S&P 500 nearing its 50-day moving average, resulting in a shift away from riskier stocks like IBM.
• Increased market volatility and uncertainty leading investors to seek safer investment options.

25.03.2024 - IBM Stock was down 7.7%

• IBM stock fell sharply in today's pre-market trading after reporting weak revenue in the first quarter, contributing to the overall bearish sentiment in the market.
• The negative performance of tech stocks, including IBM, was influenced by disappointing earnings reports from companies like Meta Platforms, adding to the downward pressure on the Nasdaq Index.
• Despite IBM's Q1 earnings beating expectations, the miss in revenues despite solid demand for hybrid cloud and AI solutions likely disappointed investors, leading to the bearish movement in the stock.
• The broader market decline, triggered by Meta's significant drop in market cap and weak GDP data, also played a role in IBM's downward movement as investors reacted to the overall negative sentiment.

25.03.2024 - IBM Stock was down 8.6%

• Today, IBM saw a significant decrease in its stock price, dropping by over 9%. Here are some key factors that may have influenced this market movement:
• IBM's consulting business faced challenges as companies cut back on spending due to economic uncertainties and high interest rates, resulting in reduced demand for their services.
• The overall market sentiment was negative, driven by worries about inflation, slow growth, and disappointing earnings reports from various companies like Meta Platforms and Caterpillar, contributing to the downward trend.
• Investors likely had a strong reaction to IBM's earnings update, which may have fallen below expectations, intensifying the stock's decline.
• A combination of economic conditions, market sentiment, and IBM's performance probably played a role in the decrease in IBM's stock price today.

25.03.2024 - IBM Stock was down 8.0%

• IBM experienced a strong bearish movement today, falling sharply in pre-market trading after reporting mixed first-quarter financial results.
• The overall market sentiment was negative, with US stocks opening sharply lower due to concerns about inflation and low growth. Meta Platforms' disappointing revenue guidance and higher capex projections also contributed to the market downturn.
• IBM's acquisition of HashiCorp for $35 per share in cash might have impacted its stock performance, as investors assessed the implications of the deal on IBM's financials and growth prospects.
• The combination of IBM's weak revenue report, overall market pessimism, and specific industry challenges likely led to the significant bearish movement in IBM's stock price today.

25.03.2024 - IBM Stock was down 8.6%

• IBM's stock declined despite strong earnings, signaling that meeting expectations may not always be enough for investors.
• The market sentiment was pessimistic, with U.S. equities falling due to lower-than-expected economic growth in the first quarter and rising inflation.
• Factors such as disappointing earnings reaction and broader economic worries likely contributed to IBM's stock decline.
• Developments in the green economy and digital skills could benefit IBM in the long run, but short-term concerns dominated today's market activity.

25.06.2024 - IBM Stock was up 5.9%

• IBM's stock experienced a strong bullish movement following the release of its upbeat quarterly earnings report.
• The company reported earnings of $2.43 per share, surpassing analyst expectations, which contributed to the positive market sentiment.
• Analysts are optimistic about IBM's future performance, particularly highlighting the growth potential of its AI business segment.
• The overall positive market sentiment towards IBM was also supported by the broader bullish trend in U.S. stocks, with the Dow Jones index gaining more than 1% on the same day.

25.06.2024 - IBM Stock was up 5.3%

• Strong second-quarter earnings were reported by IBM, surpassing revenue projections and demonstrating an increased demand for AI.
• BMO raised IBM's share price target, reflecting optimism in the company's financial performance driven by positive margin and free cash flow expectations.
• The market sentiment towards AI-related stocks like IBM appears upbeat, as indicated by the rise in IBM shares, despite concerns about a potential AI bubble affecting other tech stocks.

25.06.2024 - IBM Stock was up 6.2%

• IBM's stock experienced a surge following the release of strong earnings for the second quarter, surpassing analyst expectations with earnings per share of $2.43.
• The company's robust performance was linked to its advancements in AI technologies, which are experiencing high demand and resulted in revenue exceeding forecasts.
• IBM's strategic focus on sought-after technologies like AI and software solutions appears to have yielded positive results, evident in investor confidence and the stock's ascent.
• The overall favorable market sentiment, with the Dow Jones index gaining over 1%, also played a role in IBM's bullish trajectory today.