IBM Still Delivers, Says Dr. Joe Duarte
Duarte added: IBM got out of the PC business a long time ago, selling its wares to Lenovo, a Chinese company, that along with Dell and other hardware companies are struggling.
And ironically, that's been the secret of Big Blue's success. By concentrating on super computers, as well as its consulting businesses and software, it has prospered.
So while other companies in the high tech business are near their recent lows, IBM is in the midst of a 30-plus percent move from its November lows. To be sure, there is no guarantee that the stock will move much higher if the market doesn't cooperate. Yet, it seems that as the S&P 500 has moved sideways, money is moving steadily into IBM, which is a sign of relative strength.
Very long term thinking has gone into the company's restructuring. But while others concentrate on gadgets, IBM is working on huge infrastructure projects, such as coordinating the electric grid for countries such as it recently did in Malta. To us it seems as if when the U.S. finally gets serious about its own electric grid, as may happen during the course of time of the Obama administration, IBM is likely to be in the thick of it.
Duarte's conclusion: For now, though, a move above 100 would be very encouraging.
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Duarte's IntelligentForecasts.com (http://www.intelligentforecasts.com) provides free news coverage and analysis, and his daily articles and news summaries offer recommendations and analysis for ETFs, and individual stocks in the technology, health and biotechnology, and energy sectors. Duarte has combined expertise in health care, energy, and the effects of politics and global intelligence on the financial markets offer a unique blend of insight and information to thousands of active investors and political and intelligence aficionados around the world on a daily basis.
He is the author of: Futures And Options For Dummies, Successful Energy Sector Investing, Successful Biotech Investing and co-author of After-Hours Trading Made Easy. In early 2001, in Successful Energy Sector Investing, he correctly predicted that Venezuela's political problems could lead to an energy crisis in the United States. He has also appeared as a weekly guest on Market Mavens Radio and has logged appearances on KNX radio in Los Angeles, Financial Sense.com radio, and Wall Street Radio.
One of CNBC's original Market Mavens, Dr. Duarte has been writing about the financial markets since 1990. His articles and commentary have been featured on CBS Marketwatch, Barron's, Smart Money, Medical Economics, and in Technical Analysis of Stocks and Commodities magazines. In 2003, Doctor Duarte received second place, in the professional section, of the Medical Economics Investment Challenge with a 12-month return of 42%.
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