3 Reasons to Buy IBM Stock
International Business Machines (NYSE: IBM) has emerged as one of the few winners in big tech this year. The stock has surged nearly 7% year to date, compared to a 16% decline for the S&P 500 and much steeper declines for many tech stocks.
It's never a good idea to buy a stock solely because its price is rising, but IBM has a lot more going for it than a buoyant stock price. Here are three reasons to invest in this iconic century-old tech company.
IBM serves large companies and organizations. Some of those client relationships span decades, involving myriad products and services that are deeply embedded in day-to-day operations. A company running on IBM mainframes, like 45 of the top 50 banks, are going to continue to run on IBM mainframes for the foreseeable future.
Source Fool.com
