The incredible weakness in International Business Machines (IBM) has provided one noticeable benefit for shareholders. The market though is too busy fretting about the past instead of looking into the future.
The stock recently bounced off $140 and lows not seen since back in mid-2016. Is the surging net payout yield enough to own IBM?
The tech giant continues growing the strategic imperatives category. Recently, IBM was picked by the Digital Trade Chain Consortium that includes big European banks to provide a blockchain based platform for trade finance transactions of SMEs.
As well, IBM is working on joint solutions with Salesforce (CRM) for weather embedded data into Salesforce platforms. Also, another blockchain collaboration with food suppliers that includes the biggest grocers in the world to provide real-time access to food source information.