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
Eagles vs bears live stream free
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?
By Li Yuan , The New York Times Company Like many ambitious young Chinese, Zhao Junfeng studied hard in college and graduate school so he could land a coveted job as a programmer at a big Chinese internet company. After finishing graduate school in 2019, he joined an e-commerce company in the eastern Chinese city of Nanjing, got married and adopted a cat named Mango. In November 2021, he moved to Shanghai to join one of China’s biggest video platforms, iQiyi. He was on track to achieve a much-desired middle-class life, documenting his rise on his social media account. Then barely a month into his new job, he was let go when iQiyi laid off more than 20% of its staff. The ranks of the unemployed technology workers are swelling as China’s once vibrant internet industry is hit by a harsh and capricious regulatory crackdown. Under the direction of China’s top leader, Xi Jinping, the government’s unbridled hand is meddling in big ways and small, leaving companies … [Read more...] about As Beijing takes control, Chinese tech companies lose jobs and hope
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?
Do you have $10,000 that you can afford to invest in the stock market? If you are able to and can leave the money invested for years, it could lead to some significant cash flow. With a yield of 4%, for example, you could earn $400 in dividend income annually. Three stocks that can help you maximize your recurring income streams are Cardinal Health ( NYSE:CAH ) , Target ( NYSE:TGT ) , and Western Union ( NYSE:WU ) . And even better, they're all on sale right now. Image source: Getty Images. 1. Cardinal Health Pharmaceutical and medical products distributor Cardinal Health has more than 50,000 employees around the globe and a presence in 46 countries. Although its operating margins of a single percentage point doesn't seem incredibly strong, the company has posted operating profits in each of the past five years. And 1% on $162 billion in annual revenue is still a fair amount of money. The consistency of its business model has allowed Cardinal Health to … [Read more...] about Got $10,000? These 3 Dividend Stocks Are on Sale
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.
File image of Novak Djokovic The Federal Court of Australia will publish reasons for its dismissal of tennis star Novak Djokovic’s challenge to the cancellation of his visa on Thursday at 0515 GMT, the court said. The reasons will be read out in court by Chief Justice James Allsop in a session streamed live online, a court spokesperson said. Djokovic was deported from Australia on Sunday night, just hours after the court dismissed his effort to stay in the country to play at the Australian Open, where he hoped to win a record 21st major title. The year’s first Grand Slam tournament began on Monday. His departure ended an 11-day rollercoaster following the cancellation of his visa on arrival for not having a proper medical exemption from COVID-19 vaccination requirements. Close His saga has stoked global debate over the rights of people who opt not to get vaccinated as governments look to protect the community from the coronavirus pandemic. Djokovic was … [Read more...] about Australian court sets January 20 to issue reasons for dismissal of Novak Djokovic case
The first teaser is out for “Lord of the Rings: The Rings of Power.” The highly – anticipated series from Amazon is believed to be the most expensive single season of TV in history, and that means expectations are through the roof. Well, the teaser didn’t let fans down. (REVIEW: ‘ Westworld ’ Season 3 Ends With The Possible Deaths Of Multiple Characters) The plot of the highly-anticipated series, according to the teaser’s description , is: Amazon Studios’ forthcoming series brings to screens for the very first time the heroic legends of the fabled Second Age of Middle-earth’s history. This epic drama is set thousands of years before the events of J.R.R. Tolkien’s The Hobbit and The Lord of the Rings, and will take viewers back to an era in which great powers were forged, kingdoms rose to glory and fell to ruin, unlikely heroes were tested, hope hung by the finest of threads, and the greatest villain that ever flowed from Tolkien’s pen threatened to cover all the … [Read more...] about Watch The First Teaser For ‘The Lord Of The Rings: The Rings Of Power’
Steve Jobs famously said that asking customers what they wanted in the way of a new product or service was a waste of time. He said it was Apple's job to anticipate their needs because "customers don't know what they want until we've shown them." There's been a lot of discussion about whether this means that market research is basically useless or whether it means that the way market research has been used by many businesses isn't helpful, instructive or productive. I'd argue that it's the latter. I don't think Steve was condemning an entire industry, although he didn't have any great love for gathering or relying upon numbers for numbers sake. His basic disinterest stemmed from the issue that-- way back then and right up to today--too many companies use market research like a drunk uses a lamppost, for support rather than illumination. Or worse yet, they approach it like the guy looking for his lost keys beneath the street lamp because that's where the light is best. Convenient, … [Read more...] about Does Your Customer Research Prove What You Already Know?
Since the financial crisis, growth stocks have dominated value stocks and produced the bulk of market gains. The top seven largest companies in the S&P 500 are all big tech firms like Apple ( NASDAQ:AAPL ) and Microsoft ( NASDAQ:MSFT ) , while the top 10 largest S&P 500 components contributed around half of the entire S&P 500's gain in 2021 . A stock market led by growth can be explosive, but a stock market led by value offers many investors a more attractive risk-reward profile. Here are three reasons why the return of value investing could be good news for you. Image source: Getty Images. 1. Growth stocks have gotten expensive Between 2019 and the end of 2021, Apple and Microsoft added $4 trillion in market cap to the S&P 500 after Apple gained 364% and Microsoft gained 242% in that three-year time frame. Both companies are incredibly well-run businesses, but even Apple and Microsoft can't grow revenue, earnings, or free cash flow (FCF) … [Read more...] about Value Investing Is Back in Style! 3 Reasons That’s Great for Most Investors