Jim Cramer Recommends These 5 Stocks for Recession

4. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holders: 43    

International Business Machines Corporation (NYSE:IBM) provides integrated solutions and services. The former hedge fund manager recently placed the stock among a basket of equities that offered investors “growth at a reasonable price” in a highly volatile stock market. He commented on the importance of buying high-quality names during a period of slow growth, noting that if investors wanted to survive in this market, it was crucial that they be selective in their stock choices. 

On April 20, Bank of America analyst Wamsi Mohan maintained a Buy rating on International Business Machines Corporation (NYSE:IBM) stock and raised the price target to $165 from $162, noting that the firm had posted a strong outlook for 2022. 

Among the hedge funds being tracked by Insider Monkey, Boston-based investment firm Arrowstreet Capital is a leading shareholder in International Business Machines Corporation (NYSE:IBM) with 4.4 million shares worth more than $579 million.