The Biggest Loser: IBM Tumbles 4.9%

International Business Machines (IBM) led the S&P 500 lower today after beating earnings forecasts but missing on revenue.

IBM dropped, while the S&P 500 declined 0.2% to 2,338.17.

Barclays analysts Mark Moskowitz and Daniel Gaide contend that IBM’s earnings “suggest [a] turnaround might be elusive.” They explain why:
Source: Barrons

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