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2 months ago
Jim Cramer Says Traders Don’t Understand International Business Machines’ Value
Summary
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International Business Machines Corporation (NYSE:IBM) is one of the stocks in focus as Jim Cramer shared his weekly game plan. Cramer said that the stock is going to receive the same market reaction as the previous quarter, as he commented:
Last quarter, IBM reported a number that left the Street rankled, but the stock quickly recovered. I could see it doing the exact same thing this time as traders dominate the stock of IBM. I don’t know why. And they don’t seem to understand what an amazing company they own or that they rent.
International Business Machines Corporation (NYSE:IBM) provides software, consulting, and cloud and on-site technology solutions, along with financing to help clients use its products. Cramer shared his thoughts on the stock during the January 14 episode, as he said:
Let’s take them one by one, starting with IBM, which has become an incredibly strong performer with a stock that’s nearly tripled since late 2022 when it broke free from its… all-time highs. It’s also rallied over 40% over the past 12 months. Horse. Take a look at all the daily charts here because this paints a very encouraging picture.
While we acknowledge the potential of IBM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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International Business Machines Corporation (NYSE:IBM) is one of the stocks in focus as Jim Cramer shared his weekly game plan. Cramer said that the stock is going to receive the same market reaction as the previous quarter, as he commented:
Last quarter, IBM reported a number that left the Street rankled, but the stock quickly recovered. I could see it doing the exact same thing this time as traders dominate the stock of IBM. I don’t know why. And they don’t seem to understand what an amazing company they own or that they rent.
International Business Machines Corporation (NYSE:IBM) provides software, consulting, and cloud and on-site technology solutions, along with financing to help clients use its products. Cramer shared his thoughts on the stock during the January 14 episode, as he said:
Let’s take them one by one, starting with IBM, which has become an incredibly strong performer with a stock that’s nearly tripled since late 2022 when it broke free from its… all-time highs. It’s also rallied over 40% over the past 12 months. Horse. Take a look at all the daily charts here because this paints a very encouraging picture.
While we acknowledge the potential of IBM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
Sign in to access your portfolio
AI Description
Jim Cramer discusses the market's misunderstanding of IBM's value, predicting a similar reaction to the previous quarter. He notes that despite initial negative reactions, IBM's stock tends to recover.