This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

[video] Quick Take: Jim Cramer on IBM's Earnings

NEW YORK (TheStreet) -- International Business Machine (IBM - Get Report) failed to wow investors when it reported earnings on Tuesday after the close. TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, gives his take on the report. 

"Outstandingly bad" is how Cramer bluntly described the results. Cash flow was disappointing and revenue declined from a year earlier. 

Cramer pointed out an article by TheStreet's Herb Greenberg, Wall Street Tires of IBM's Managed Earnings, which suggested that the company's earnings per share target of $20 by 2015 may not be achievable. 

Cramer added that IBM's stock would be down much more if the company wasn't such an aggressive buyer of its shares and if famed investor Warren Buffett hadn't endorsed the company so strongly. 

IBM "is not a stock people should own even though the analysts are sticking by it, because I like growth out of technology and IBM has no growth," Cramer said.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend-paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
IBM $173.97 0.00%
AAPL $128.32 -0.30%
FB $78.72 -0.11%
GOOG $540.78 0.00%
TSLA $238.10 3.30%

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs