What are Jim Cramer’s Top 5 tech stocks for 2022?
CNBC’s Jim Cramer on Friday laid out an investment case for five legacy technology companies that he believes could post strong returns in 2022. The “Mad Money” host said the following stocks fit within his main theme for the year, which is investing in profitable companies that produce tangible goods: Apple, Cisco, IBM, Microsoft and Oracle.
Did IBM beat Wall Street’s estimates?
‘Mad Money’ host Jim Cramer and the ‘Squawk on the Street’ team break down shares of IBM after the company beat Wall Street’s estimates on the top and bottom lines.
Is IBM still a buy after its spin-off?
“I still like IBM for two very simple reasons: it’s incredibly cheap, selling for 12 times earnings, and even after the Kindryl spin-off, they’ve kept their pre-breakup dividend, which means the stock’s got a 4.9% yield,” Cramer said.
What does Cramer say about IBM?
'Mad Money' host Jim Cramer and the 'Squawk on the Street' team break down shares of IBM after the company beat Wall Street's estimates on the top and bottom lines.
Is IBM a good stock to invest?
The stock also has a strong Relative Strength Rating of 92. The rating means that IBM stock has outperformed 92% of all stocks in the IBD database over the past 12 months. The best stocks will often rate over 80 at the time they launch a big price run.
What is the 52 week high stock price for IBM?
Performance OutlookPrevious Close127.15Bid128.01 x 800Ask128.14 x 900Day's Range125.71 - 128.3252 Week Range114.56 - 144.733 more rows
Is Jim Cramer allowed to own stocks?
Cramer is not allowed to own any of the stock picks he makes on air (except for those related to CNBC/Comcast). Instead, he runs a charitable trust, and publishes those stock selections via a members-only investing club called Action Alerts Plus (use a search engine, you'll find it).
Is IBM a good stock to buy 2021?
2021 showed a rebound with an approximately 4% revenue growth. IBM has acquired 15 companies in 2021 to improve its hybrid cloud and AI capabilities. It is not a perfect stock as its debt-to-equity (D/E) ratio of 2.92 is high. Altogether, IBM is a blue-chip stock that could give a strong financial performance in 2022.
Is IBM a good long term stock?
A potent combination The company even raised its dividend last month for the 27th consecutive year. IBM's dividend will remain secure for years thanks to the company's ability to generate free cash flow, which IBM expects will hit a cumulative total of $35 billion from 2022 to 2024.
Is IBM still good?
Those are great accomplishments, but today IBM is nowhere near one of the top computer companies in the world. It still makes and sells computer hardware and software, but nowadays it has a hand in cloud computing and data analytics. It's also known as a key research hub.
Is Apple bigger than IBM?
While IBM is one-tenth the size of Apple, it's still very large ($119 billion) and has been struggling to get bigger.
What is IBM stock future?
Stock Price Forecast The 16 analysts offering 12-month price forecasts for International Business Machines Corp have a median target of 142.50, with a high estimate of 160.00 and a low estimate of 115.00. The median estimate represents a +11.09% increase from the last price of 128.27.
Is Mad Money Cancelled?
On July 31, 2017, Early Today began to first record at 3:00 a.m. ET, and without any room on the schedule, the NBC version of Mad Money was discontinued on this date.
Who is Jim Cramers wife?
Lisa Cadette Detwilerm. 2015Karen Backfisch...m. 1988–2009Jim Cramer/Wife
What is Cramer salary?
$5 millionHe is most known for presenting the CNBC show Jim Cramer's “Mad Money.” Jim is also the co-founder of TheStreet.com. Cramer earns an annual salary of $5 million for his work.
Is IBM a safe stock?
The dividend seems safe for now Despite these concerning signs, IBM's dividend is likely safe for the time being. The company still has more than $7 billion in cash on the books, and the dividend payout ratio isn't so high that it's likely to force drastic actions.
Does IBM have a future?
IBM's future growth outlook still is uncertain, but the company has some growth initiatives in place that could result in a better performance going forward, compared to what IBM has done over the last couple of years.
Why did Buffett sell IBM?
One of the most significant mistakes Warren Buffett (Trades, Portfolio) has made in the past decade was acquiring a substantial stake in IBM back in 2011. After repeatedly saying that he would not invest in technology for much of his life, in 2011, the Oracle of Omaha built a $12 billion position in IBM (NYSE:IBM).
Is IBM still good?
Those are great accomplishments, but today IBM is nowhere near one of the top computer companies in the world. It still makes and sells computer hardware and software, but nowadays it has a hand in cloud computing and data analytics. It's also known as a key research hub.
Cisco
Oracle
Shares of Cisco have been strong since late November, Cramer said, as investors began to look past the company’s recent earnings reports.
IBM Stock: Buy or Sell?
Even after its breakout 2021, Cramer said he still thinks Oracle’s stock is cheap. The enterprise software giant’s most-recent quarter was fantastic, Cramer said. However, the stock has given up the gains it had post-report, due in part to Wall Street’s negative reaction to Oracle’s plans to buy electronic medical records company Cerner.
Lockheed Martin Stock: Buy or Sell?
International Business Machines ( IBM) - Get International Business Machines Corporation Report reported its second-quarter earnings after the bell on Monday and beat earnings and revenue expectations. IBM stock was rising after its report but has come back down on Tuesday.
Coca Cola Stock: Buy or Sell?
Lockheed Martin beats its second-quarter earnings report sending the stock higher Tuesday. Lockheed Martin was one of the three stocks that Cramer wanted Action Alerts PLUS club members to watch this week during his monthly call last Wednesday.
