Top Five Best Stocks to Buy at 2021..4-International Business Machines IBM
IBM is gearing up aggressively for this play on cloud services and AI announcing 10,000 job cuts to its legacy business in October and spinning out the old legacy business in the first half of 2021. IBM just announced an acquisition of Nordcloud to “turbocharge” its cloud business, a collaboration with Samsung on hybrid cloud and 5G solutions and an acquisition of fintech company Expertus to expand hybrid cloud payment solutions.
IBM has also appointed as its new CEO the former head of its cloud division, so it is clear where it sees the future. In the last two months, multiple directors have bought stock in reasonable values $250K to $1m. IBM has been a tech laggard for too long and is moving on. IBM has increased its dividend for 25 straight years.
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