What Did You Buy Today?

[divmenow]

(04-28-2021, 09:33 AM)kblake Wrote:

(04-28-2021, 09:20 AM)fenders53 Wrote:

(04-28-2021, 09:16 AM)kblake Wrote: Bought some IBM. This is a name I like. For years has been dead and now has legs.

Good luck with that.  The no growth financials say this dog is dead for a reason.  Make it a short term trade if it goes your way.

Your dead wrong on that comment. I can see stock hitting $200 again. And the dividend is 3x the normal S&P stock. That's a good name to be in going forward. They will continue to grow their cloud business and I think and acquisition or 2 are in the cards. They just had  there first quarter of growth in some time. IBM's total cloud revenue rose 21% year-over-year to $6.5 billion, or 37% of its top line, during the quarter. Its revenue from Red Hat also increased 17%. So give me IBM over most over valued tech stocks and will buy this all day long. The market at some point will get the valuation right and slam the names who are way over valued. 

In the meantime I will add to names like ABBV, CVX, PM, MO, CVS, LMT and IBM. You can have your TTCF of the world 

I agree on IBM. The cloud and Red Hat are going to be a big driver for them going forward. They remind me of CSCO when everyone left that one for dead. I see the same happening here. And you cant beat that dividend. Fenders just rather be in T over IBM that's all  

I may buy some IBM as well today. It's on my list of undervalued companies. 

And I really like your thinking on the companies you listed. Those are all good buys here. I think the market is going to reward companies who have not had the big runs and deserve a higher multiple. 

CVS is very interesting and seems to want to go to $80. WBA too but like CVS way better.