We recently published 10 Stocks Jim Cramer Discussed As He Dismissed A Recession. International Business Machines Corporation (NYSE:IBM) is one of the stocks Jim Cramer recently discussed.
International Business Machines Corporation (NYSE:IBM) has shaped up to be a top Cramer enterprise computing stock. Its shares have gained 15% year-to-date despite having lost 9.9% since the firm’s latest earnings report, which saw it disappoint investors with its software revenue. With the NFL season in full swing, Cramer has recently started to discuss International Business Machines Corporation (NYSE:IBM) in the context of its software for fantasy football picks. Here are his latest thoughts about the football picks:
“Look at what Arvind Krishna told me yesterday from IBM. 36 billion pieces of data to do your fantasy football. And that’s how when you pick a guy, the next guy shows up. That’s 36 billion, we can’t do that. Humans can’t do anything versus what these machines can do.”
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Previously, Cramer discussed International Business Machines Corporation (NYSE:IBM)’s share price action:
“What do we make of the recent rollercoaster action in IBM? Going into the most recent quarter in late July, this stock was up 50% over the past 12 months. Finally, it felt like the legacy tech colossus had gotten a new lease on life thanks to its popular AI-related solutions. But when IBM reported a month and a half ago, even though the headline numbers came in better than expected, Wall Street was concerned by their slowing software growth. Management was adamant that this came from the mainframe side, which should improve later in the cycle, but that wasn’t enough to prevent the stock from plunging 7.6% in a single session. Since then, the stock has struggled to find its footing.”
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Disclosure: None. This article is originally published at Insider Monkey.