Last November, IBM ( NYSE:IBM ) completed its spin-off of Kyndryl ( NYSE:KD ) , the managed infrastructure services segment of its Global Technology Services segment. Each IBM shareholder received one new share of Kyndryl for every five shares of IBM they held. IBM still retained 20% of Kyndryl's outstanding shares following the spin-off, but it plans to sell that entire stake this year. Presumably, the separation would enable IBM to dump its slowest-growth legacy business to focus on expanding its higher-growth hybrid cloud and AI businesses. Image source: Getty Images. Kyndryl's stock opened at $31.50 on Nov. 3, but it now trades at about $17 per share. During that same period, IBM's stock advanced about 4%. That divergence wasn't surprising, since IBM framed the spin-off as a way to jettison its weakest businesses to invest in more promising markets. But are investors overestimating IBM's turnaround potential while ignoring Kyndryl's ability to expand without … [Read more...] about Better Buy: IBM vs. Kyndryl
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- A + A BATU PAHAT (Jan 22): Malaysia is ready for an increase in the air and land vaccinated travel lane (VTL) quota, provided that Singapore agrees to such a move, said Transport Minister Datuk Seri Dr Wee Ka Siong. He noted that the Malaysian government, through the Ministry of Transport and the Ministry of International Trade and Industry, understands the needs of travellers, especially during festive seasons. However, the minister added that for now, Malaysia accepts the decision set by Singapore, including a 50% reduction of the VTL quota after it was made following consultation with the relevant authorities, especially the Ministries of Health of both countries. “All decisions regarding VTLs are submitted to the health agencies to determine whether the current capacity needs to be increased or vice versa. “There are thousands of requests and applications for VTLs. We will try, but as a government, we will see the need ... not that we don't want to fight … [Read more...] about Malaysia ready if Singapore agrees VTL quota increase, says Wee
The stock market is going to tank at some point. Whether that happens next week, next month, or next year is anyone's guess. It's actually pretty common for the stock market to undergo corrections , where it loses at least 10% of its value but less than 20%. Full-blown stock market crashes are, thankfully, less common. But to some degree, they're also unavoidable. So it's best to be prepared to face one, whether it happens in the near term or not. Here are a few things you can do to gear up for an extreme drop in stock values. Image source: Getty Images. 1. Load up on emergency savings You never know when life might throw you a curveball, whether it's a lost job or a roof that decides to cave in and leave you with an emergency repair on your hands. That's why it's so important to have a well-funded savings account. In fact, as a general rule, you should aim to have enough money in savings to cover three to six months of essential bills. Loading up your emergency fund … [Read more...] about A Stock Market Crash Is Inevitable. Here’s How to Prepare
With more and more states legalizing medicinal and adult-use cannabis, it may seem as if investing in this space would be a no-brainer. While some may feel that way, in reality there are still legal and regulatory challenges that have held back what otherwise would likely be a booming industry. Planet 13 Holdings ( OTC:PLNH.F ) has a unique strategy that just might give it a leg up in the cannabis space. So what will happen to Planet 13's stock in 2022? Will it skyrocket to the moon or crash back to Earth? Image source: Getty Images. Recovering from pandemic restrictions Planet 13 is a vertically integrated cannabis company, meaning it does everything from growing cannabis to testing, distributing, and selling. It mainly operates in Nevada and California but is already expanding beyond those two states. What sets the business apart is its unique retail experience. In both Las Vegas and Orange County, California, Planet 13 operates "Superstores," massive retail … [Read more...] about Planet 13 Stock in 2022: Skyrocket or Crash?