3 Stocks Dragging In The Computer Software & Services Industry
1. As of noon trading, International Business Machines ( IBM) is down $1.53 (-0.8%) to $178.15 on light volume. Thus far, 1.5 million shares of International Business Machines exchanged hands as compared to its average daily volume of 4.8 million shares. The stock has ranged in price between $177.78-$179.59 after having opened the day at $179.46 as compared to the previous trading day's close of $179.68. International Business Machines Corporation provides information technology (IT) products and services worldwide. International Business Machines has a market cap of $194.3 billion and is part of the technology sector. The company has a P/E ratio of 12.4, below the S&P 500 P/E ratio of 17.7. Shares are down 6.6% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate International Business Machines a buy, no analysts rate it a sell, and 13 rate it a hold. TheStreet Ratings rates International Business Machines as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full International Business Machines Ratings Report now. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more. If you are interested in one of these 3 stocks, ETFs may be of interest. Investors who are bullish on the computer software & services industry could consider iShares S&P NA Tech Software Idx ( IGV) while those bearish on the computer software & services industry could consider ProShares Ultra Short Technology ( REW).
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