IBM Time To Retrace a Bit

## IBM: Short Fundamentals, Recent News, and Disclaimer

**Fundamentals:**

* **Industry:** Information Technology (IT) Services & Consulting
* **Market Cap:** $132.94 billion (as of February 20, 2024)
* **P/E Ratio:** 24.95 (as of February 20, 2024)
* **Dividend Yield:** 4.55% (as of February 20, 2024)
* **Recent Performance:** Stock price down 1.2% year-to-date (YTD)
* **Strengths:** Strong brand recognition, diverse product and service offerings, leading position in hybrid cloud, commitment to research and development (R&D)
* **Weaknesses:** High debt levels, competitive landscape, slow-growing traditional businesses

**Recent News:**

* **February 16, 2024:** IBM announces collaboration with Carrefour to build a hybrid cloud infrastructure for the latter's retail operations.
* **February 14, 2024:** IBM unveils new quantum computing software designed to improve the performance of quantum applications.
* **February 8, 2024:** IBM reports mixed fourth-quarter 2023 earnings, with revenue exceeding expectations but profits falling short.

**Disclaimer:**

I am not a financial advisor and this information should not be considered financial advice. Please do your own research before making any investment decisions.