Jim Cramer’s Surprised About US Travel As He Discusses These 18 Stocks

16. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holders In Q4 2024: 60

International Business Machines Corporation (NYSE:IBM) is one of the oldest and largest computing companies in the world. It is an enterprise computing firm that provides hardware and software services to businesses. International Business Machines Corporation (NYSE:IBM)’s shares have gained 5.7% year-to-date, which is in sharp comparison to the stock price performance of big tech stocks. It has benefited from positive earnings tailwinds, but the shares dipped by 6.6% in April after the firm’s software business missed analyst estimates. Here’s what Cramer said about International Business Machines Corporation (NYSE:IBM):

[IBM on contracts cut by DOGE] “They’re trying to stress, look, it could be  tailwind coming forward, but they’re not really going for it. Look now I want to take the other side of the trade of this. This is their first quarter and they tend not to guide up. There was a little deceleration in Red Hat, which is this great acquisition that they made a few years ago. But I would tell you, I’m a free cash flow guy when it comes to IBM. And this was like the best free cash flow first quarter and, I think Arvind Krishna’s done a great job. David, you know that they still do all the banks in this country. I mean they have never lost this business. And they have a new mainframe coming out. So there are many reasons why you want to buy the weakness here in IBM.”

“And I’ll tell you. IBM has become one of the steadiest players, maybe I don’t want to leave it because it’s been so consistent. But this is I think an overreaction, what I’m saying. I don’t think it’s a, it wasn’t a great quarter, it was good. . .”