International Business Machines Corp (IBM): Today's Featured Computer Hardware Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
International Business Machines
(
) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 0.8%. By the end of trading, International Business Machines rose $3.44 (1.8%) to $197.99 on heavy volume. Throughout the day, 8,311,696 shares of International Business Machines exchanged hands as compared to its average daily volume of 4,248,800 shares. The stock ranged in a price between $195.99-$200.94 after having opened the day at $198.37 as compared to the previous trading day's close of $194.55. Other companies within the Computer Hardware industry that increased today were:
(
), up 10.0%,
(
), up 8.5%,
(
), up 7.5% and
Silicon Graphics International
(
), up 6.8%.
International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. International Business Machines has a market cap of $214.9 billion and is part of the technology sector. Shares are up 1.6% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate International Business Machines a buy, no analysts rate it a sell, and 11 rate it a hold.
TheStreet Ratings rates
International Business Machines
as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity, growth in earnings per share, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full International Business Machines Ratings Report.
On the negative front,
(
), down 5.7%,
(
), down 3.5%,
(
), down 3.0% and
(
), down 2.2% , were all laggards within the computer hardware industry with
(
) being today's computer hardware industry laggard.
- Use our computer hardware section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider
iShares Dow Jones US Technology
(
) while those bearish on the computer hardware industry could consider
ProShares Ultra Short Semiconductor
(
).
- Find other investment ideas from our top rated ETFs lists.
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