IBM earnings 10/19 at 4:05pmFor Q3 earnings IBM is expected to report revenue of $17.6B with a non-GAAP profit of $2.58 / share. But that’s not the exciting part. Expect to hear more about IBM plans on a spinoff cloud strategy. CEO Arvin’s Krishna said that the company would be “laser focused on the $1 trillion hybrid cloud opportunity.” (Credit: Barron’s) My price target is $135. Good luck and happy trading friends...
IBMB34 trade ideas
IBM Earnings report will be published todayNYSE:IBM The American technology giant publishes its quarterly earnings report with a very optimistic forecast.
The report will be published after the market closes.
Earlier this month the company announced that it is splitting itself into two separate public companies, a move that could attract new investors due to the result expected - a cut in the share price.
In recent years, the company has been mentioned as irrelevant and unable to keep the technology development speed like other leading tech companies such as Apple and Samsung but, with more than 350,000 employees serving clients in 170 countries and a great roadmap for long term development projects, IBM is absolutely still is considered a tech giant.
Analysts expect a Gross margin of 48.4% for the quarter.
Over the last 2 years, IBM has beaten EPS estimates 100% of the time and has beaten revenue estimates 38% of the time.
Revenue in 2019: $77 billion
Quarterly Revenue Forecast: $2.58 billion
#IBM LASER PARTY!! LONG TRY TO EXPLAIN IN THE CHART WHAT I'M LOOKING AT.
FROM THE HIGH AT FEB 5 AND RETRACE LOOKING TO BREAK THE BLUE LINE, ANY REJECTION WILL BRING PRICE TO 114 ( BUY AS MUCH YOU CAN THERE), IF THAT HAPPENS LOOK RE ENTRY ONCE BLUE LINE IS BROKEN.
$131 SOME LEVEL FROM LONG AGO (IMPORTANT)
WHAT I WOULD LIKE TO HAPPEN:
AFTER ENTRY LONG, QUICK POP TO T1, TOUCH RED LINE ABOVE AND T1 BECOMES SUPPORT TO HEAD TO T2.
THE RESISTANCE AT T3 IS MASSIVE , EXPECT TOUCH AN REJECT OR OVER SHOOT AND RETRACE AGAIN, MAYBE RED LINE COMING FROM 20 MAR 20 SO LOOK TO RE ENTRY LONG THERE.
ONCE 175 IS BROKEN WILL SEE UP TARGETS, HAVE FUN!
IBM EarningsChart pattern looks familiar, and you know they gotta pump something to make the Dow go up for a double top.
Earnings Monday after close. In for a handful of calls. Safe play would be to wait until after they announce, but what the heck, lol. I've seen them pump this crap even on less than stellar earnings.
IBM LONG SET UP (SIGNAL)TITLE : IBM BUY LIMIT ORDER
ASSETS : STOCK
SYMBOL : IBM
ORDER TYPE : (EP1) MARKET ORDER (1/2) position size (partial low lot entry)
(EP2) BUY LIMIT ORDER (2/2) (Now enter rest of position)
TF : Daily
ENTRY PRICE 1: $125.30
ENTRY PRICE 2: $122.30
STOP LOSS : $118.30 (70 PIPS)
TAKE PROFIT 1- $132.30 (70 PIPs)
TAKE PROFIT 2- $139.30 (140 PIPs)
TAKE PROFIT 3-$146.30 (210 PIPs)
STATUS : active
IBM $120.75 Entry / Great Recovery Company0. We are looking at IBM lately, and like what we are seeing.
1. We like IBM, summed up here:
IBM Deep Dive: Strategy Shift Driving Growth; Attractive Share Price And Dividend Yield
Summary
IBM is successfully pivoting itself away from its declining legacy products and towards growth as a cloud, software, and services company.
60% of IBM’s revenue is recurring, and the Company touts a long-tenured, highly diversified customer base.
For the first time in over a decade, we expect IBM to return to sustained growth in 2021, driven by a successful business transition.
Considering IBM’s forecasted growth, thecurrent valuation levels are highly attractive.
IBM pays a handsome dividend yield of 5.3% and has a 25-year history of increasing its annual dividend.
seekingalpha.com
$IBM Expectd sharp move after 4 months of consolidation $IBM was on very ugly consolidation after March low . its even did not join the party of Tech stocks and formed 4 lower highs with 3 higher lows . all scenarios are possible. it could target 144 and 106 on coming days but indicators showing negativity which suggests more down trend targeting 106 or even march lows.