IBM: For tech gains, bets on Big Blue

Filed under: Newsletters, International Business Machines (IBM), Stocks to Buy

"Earnings prospects for companies in the information technology (IT) sector are surprisingly resilient, and one of the best-placed and most recession-resistant IT stocks is IBM (NYSE: IBM)," notes Elliott Gue.

In Personal Finance, he adds, "In the recession of 2001, tech stocks were among the hardest hit groups in the S&P 500, but that was mainly a hangover from the technology bubble of the late 1990s that saw many big-cap tech firms soar to unprecedented valuation levels.

"The tech sector today bears no resemblance to what it was in the early part of this decade. The S&P 500 IT sector now trades at a slight valuation premium to the S&P 500 as a whole, and many of the largest names have impressive, cash-heavy balance sheets.

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IBM: For tech gains, bets on Big Blue originally appeared on BloggingStocks on Tue, 07 Apr 2009 11:50:00 EST. Please see our terms for use of feeds.

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