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The Dividend Dynasty: 3 Stocks for Income Hungry Investors
InvestorPlace· 2024-03-14 19:37
Dividend stocks are optimal for investors who want cash flow and don’t want to deal with real estate. These stocks pay dividends frequently, raise them each year, and can also generate long-term capital gains for investors.Corporations that distribute cash to their investors are also known for having more stability. These companies have fewer issues with generating profits and maintaining some growth. Dividend stocks don’t outperform the stock market in most cases, especially if you narrow your focus to hig ...
Here's Why IBM (IBM) Fell More Than Broader Market
Zacks Investment Research· 2024-03-13 22:51
The latest trading session saw IBM (IBM) ending at $196.70, denoting a -0.55% adjustment from its last day's close. This change lagged the S&P 500's daily loss of 0.19%. Elsewhere, the Dow saw an upswing of 0.1%, while the tech-heavy Nasdaq depreciated by 0.54%.Shares of the technology and consulting company have appreciated by 7.66% over the course of the past month, outperforming the Computer and Technology sector's gain of 2.36% and the S&P 500's gain of 3.18%.The upcoming earnings release of IBM will be ...
IBM Layoffs 2024: What to Know About the Latest IBM Job Cuts
InvestorPlace· 2024-03-13 20:32
Legacy tech giant IBM (NYSE:IBM) is in the news though not for the most encouraging of reasons. On Tuesday, reports emerged that the company was cutting jobs in its marketing and communications division. Fundamentally, the IBM layoffs represent the opportunities and challenges behind the rise of artificial intelligence (AI).According to a CNBC report, the tech firm colloquially known as “Big Blue” told employees in the impacted division that it’s slashing the size of its staff. The announcement occurred in ...
IBM Stock Gains After Cuts to Marketing and Communications Staff—Key Level To Watch
Investopedia· 2024-03-13 11:00
Key TakeawaysIBM shares gained more than 3% on Tuesday and were moving slightly higher in premarket trading Wednesday after the company notified staff that it planned to cut jobs in its marketing and communications division.The company is rebalancing its workforce as it prioritizes skills in areas that best meet its customers’ needs, such as artificial intelligence and hybrid cloud.IBM shares may find chart resistance near the peak of a triple top pattern, which also doubles as the stock's all-time high, at ...
Why IBM Stock Topped the Market on Tuesday
The Motley Fool· 2024-03-12 22:27
An apparent effort at trimming its workforce was the catalyst behind IBM (IBM 3.15%) stock's rise on the second trading day of the week. On reports that the storied tech company aims to reduce its headcount in certain divisions, investors traded the shares up by more than 3% on the day. That rate outpaced the performance of the S&P 500 index, which gained 1.1%.Job cuts apparently comingCiting an unnamed "person with knowledge of the matter," CNBC reported that IBM informed its marketing and communications u ...
IBM tells employees it's cutting jobs in marketing and communications
CNBC· 2024-03-12 19:01
POLAND - 2023/09/11: In this photo illustration, IBM logo seen displayed on a smartphone with Artifical Intelligence (AI) symbols in the background.IBM on Tuesday told employees in its marketing and communications division that it's slashing the size of its staff, according to a person with knowledge of the matter.Jonathan Adashek, IBM's chief communications officer, made the announcement in a roughly seven-minute meeting with staffers in the unit, said the person, who asked not to be named because the news ...
2 Data Analytics Stocks to Buy Hand Over Fist in March
The Motley Fool· 2024-03-12 18:03
The excitement surrounding data analytics investments is firmly grounded in reality, underscored by the rapid advancements in artificial intelligence (AI) and the ever-increasing flow of data.Companies across the board are eager to harness real-time data to fuel their AI systems, aiming to unlock significant business advantages. Specialists in data analytics play a crucial role in both streamlining the process of feeding new data into the AI engines and empowering organizations to make data-driven business ...
The Dow's Best Friends: 3 ‘Dogs' Ready to Fetch Huge Returns
InvestorPlace· 2024-03-11 16:03
At the end of every year, we’re presented with the top Dogs of the Dow. Made up of the hardest-hit Dow stocks, which also pay out hefty dividend yields, you buy the Dogs at the start of the year, and cash out at the end of the year with hopeful wins in hand.In 2023, the Dogs of the Dow returned about 10.1%, as compared to the 14.4% gains on the overall Dow Jones Industrial Average. The 2022 Dogs of the Dow did beat the major indices. In fact, while the Dogs of the Dow stocks fell 1.6% on the year, once you ...
IBM stock nears new all-time high after decade of stagnation
Finbold· 2024-03-11 10:44
While much has been written about the many technology companies that have been making massive moves in 2024 – Nvidia (NASDAQ: NVDA) having crossed a $2 trillion market cap, Microsoft (NASDAQ: MSFT) having become the biggest company in the world, and Super Micro Computer (NASDAQ: SMCI) having risen nearly 300% since January 1 –  International Business Machines (NYSE: IBM) have largely been ignored.Despite this, IBM has been making significant moves this year – both in the stock market and on the business sid ...
IBM (IBM) Rises But Trails Market: What Investors Should Know
Zacks Investment Research· 2024-03-07 23:51
IBM (IBM) closed the most recent trading day at $196.54, moving +0.19% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 1.03%. Meanwhile, the Dow experienced a rise of 0.34%, and the technology-dominated Nasdaq saw an increase of 1.51%.Heading into today, shares of the technology and consulting company had gained 6.76% over the past month, outpacing the Computer and Technology sector's gain of 2.52% and the S&P 500's gain of 3.21% in that time.The investment ...