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
Colts vs bears
The Year of the Tiger is just around the corner, and many Chinese families are sprucing up their homes with colourful flowers and plants. According to Chinese tradition, flower blossoms symbolise growth and usher in prosperity and abundance. Kuala Lumpur-based plant nursery assistant manager Lee Mei Kuan, 29, has stocked up on over 30 popular plants for the Lunar New Year. According to Lee, some hot-selling plants at her nursery include lucky bamboo, orchids, pussy willow and money plant. “As our government has relaxed the Chinese New Year SOP, especially with larger reunion dinners and house visits allowed, people are in high spirits and eager to welcome the Year of the Tiger in a more relaxed way. “Many people are coming out to buy some of their favourite festive plants to ensure their house is decked up for the upcoming festival,” said Lee during an interview in Kuala Lumpur.She added that there is also a demand for pots in various colours, ornament plant trimmings such as … [Read more...] about Top 5 lucky plants to welcome the Year of the Tiger
Rusty cars on the road are a rarity these days but according to a recent automotive industry report, some modern electric vehicles are surprisingly prone to corrosion. The car magazine Auto Motor und Sport has cited Tesla's Model 3 as a prime rust candidate, while problems have also been reported with rusty bolts on other Tesla models and the disc brakes of electrics from other brands. Meanwhile, Volkswagen said it has spent a small fortune on preventing potential corrosion on its ID3 model, which has a 12-year guarantee against rusting through. Rust expert Ralf Roessler examined a Tesla model with just 300 kilometres on the clock for the automotive journal and he found that the frame had been given only a thin coat of paint. The A-pillars were also filled with a construction foam which absorbs water. "After six months it will turn brown, after six years it will be completely rusted,” said Roessler. Rust was visible too on the connecting rods of the suspension, said the expert … [Read more...] about Are electric cars more prone to rust?
Representative Image (Unsplash) Four-time champions India dished out a clinical show to start their U-19 World Cup campaign on a winning note, thrashing South Africa by 45 runs in Georgetown. Put in to bat at the Providence stadium on Saturday, India rode on skipper Yash Dhull's responsible 82 to post a fighting 232 allout and then bundled out the opposition for 187, with left-arm spinner Vicky Ostwal (5/28) and pacer Raj Bawa (4/47) doing bulk of the damage. Chasing 233, South Africa colts lost opener Ethan John Cunningham (0) in the first over as he was trapped in front by pacer Rajvardhan Hangargekar (1/38). But Valintine Kitime (25) and Dewald Brevis (65), who idolizes AB de Villiers, then rallied the innings with a 58-run stand. The duo played patiently and hit the loose balls away as South Africa cantered to 38 for 1 after 10 overs. Kitime then took on left-arm medium pacer Ravi Kumar (0/30) in the 10th over, hitting him for a boundary and a six as South Africa … [Read more...] about U-19 World Cup: India beat South Africa by 45 runs; start campaign on winning note
Since the benchmark S&P 500 ( SNPINDEX:^GSPC ) bottomed out in March 2020, investors have been treated to historic gains. It took less than 17 months for the widely followed index to double from its closing low during the pandemic. Further, the S&P 500 gained 27% last year, which is well over double its average annual total return of 11%, including dividends, since 1980. But if history has demonstrated anything, it's that volatility, crashes, and corrections are a normal part of the investing cycle, and the price of admission to what's arguably the greatest wealth creator on the planet. In 2022, we may well witness a stock market crash , and one of the following 10 factors could be the catalyst that causes it. Image source: Getty Images. 1. The spread of new COVID-19 variants Arguably the most glaring concern for Wall Street continues to be the coronavirus and its numerous variants. The unpredictability of the spread and virulence of new COVID-19 strains … [Read more...] about 10 Reasons the Stock Market Could Crash in 2022
Despite an uptick in volatility over the past couple of weeks, it's been another slam-dunk year for the stock market. Through Tuesday, Dec. 7, the benchmark S&P 500 ( SNPINDEX:^GSPC ) had gained nearly 25%. To put this figure into context, the widely followed index has averaged an annual total return, including dividends, of around 11% since 1980. There's no mincing words: It's been a good year for many big-name companies. But history also shows us that stock market crashes and double-digit percentage corrections are commonplace. As we get ready to steam forward into a new year, the following seven factors stand out as the biggest threats to the stock market in 2022. Image source: Getty Images. 1. The Federal Reserve panicking over inflation Arguably the biggest concern for Wall Street in 2022 is how the Federal Reserve handles rapidly rising inflation (the rising cost for goods and services). Throughout 2021, Federal Reserve Chairman Jerome Powell has … [Read more...] about The 7 Biggest Threats to the Stock Market in 2022
At this point, a lot of people are experiencing pandemic-related fatigue. We're tired of wearing masks, having to practice social distancing, and hearing negative news on the COVID-19 front. So the recent discovery of the omicron variant is clearly the last thing a lot of people need right now. At this point, it's unclear as to how much of a game changer the omicron variant has the potential to be. While initial evidence shows that the variant is highly transmissible, we don't know if it causes more severe disease. Similarly, we don't know how effective our existing array of COVID-19 vaccines are at attacking it. Image source: Getty Images. But one thing we do know is that the stock market has already experienced its share of turbulence this week in light of the omicron news. And that may be a scary thing for investors to stomach. But should you dump your stocks due to omicron variant fears? The answer is actually pretty simple. Stay the course This week's stock … [Read more...] about Should You Sell Off Stocks Due to the Omicron Variant?
Technology giant International Business Machines ( NYSE:IBM ) recently completed a long-awaited spinoff, setting Kyndryl Holdings ( NYSE:KD ) apart as a separate business and independently traded stock. IBM shareholders, including Yours Truly, received 1 Kyndryl share per 5 shares of IBM in the process. So now I'm both an IBM investor and a Kyndryl shareholder. Should I hold on to both of them, or is it time to sell one and reinvest that cash in the other? And then we have investors who didn't own any IBM stock on Nov. 4 2021, asking a different question -- which slice of the former IBM entity is the better place to park new money? What is this Kyndryl company, anyway? Kyndryl was created in late October when IBM followed through on a spinoff plan that was first announced more than a year earlier. The original idea was to detach the company's managed infrastructure services from IBM's cloud computing ambitions. At arm's length from Big Blue's cloud-based services … [Read more...] about Better Buy: IBM or Kyndryl?
SUPERIOR — The delicate paw impressions in the snow-dusted path leading to Dave Crawford’s burnt-down home in Superior’s Original Town stopped the long-time animal activist in mid-stride. “Those look like squirrel tracks — could be the ones I used to watch from my window every day,” he said, scanning the scorched and denuded trees lining the alley beyond his incinerated garage, a smile sneaking across his grizzled face. “That’s the best thing I’ve seen all day.” It’s through animals that the 60-year-old Iowa native takes inventory of his blackened and flattened neighborhood, pointing out in a 360-degree sweep which creatures survived and which perished in the Marshall fire. Two dogs were rescued from houses across West William Street from his, but a block to the west, a tortoise, turtle and cockatiel weren’t so lucky. “It was heartbreaking — it wakes me up at night,” said Crawford, who grabbed his two cats before escaping the advancing flames. “To think how utterly dependent they … [Read more...] about Saving animals is his life’s work. He wished he could have done more during Marshall fire.