July 18, 2019

IBM Will Become A Momentum Name To Watch

Yes, I really believe IBM can potentially become a high flying stock. No, WATSON did not cure cancer or solve our political problems. Yes, the AI interface and technology is great. The one thing I took away the most from the conference call yesterday was the growth in cloud business. While IBM other services are decreasing, cloud business revenue grew. THAT was the key factor in all of this. The markets LOVE any positive growth in cloud. Look at the top performers of 2019. This list is littered with cloud names. IBM is flying today and this is why. A small reference to cloud revenue for IBM, and now it is acting like TWLO, VEEV, COUP, etc. I would watch IBM very closely. It could be at $180 before you know it. 

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about the author:

Charles Moon

Charles Moon is a technical "whiz kid" whose experience lies in scalp/swing trading. A patient educator, Charles excels at coaching/mentoring and can make complex concepts simple. Prior to joining the ranks of Prosper Trading Academy, Charles was a proprietary equities trader with Great Point Capital LLC. Coming from a retail trading background, his experience can help those with no experience trading to seasoned veterans.

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