ATFXUS stocks:IBMRelease of Q3 financial report, both revenue and net profit increased significantly...

10month25Japan, International Business MachinesIBMRelease the third quarter financial report, which shows the total revenue for the third quarter147.5100 million US dollars, year-on-year growth4.57%The growth rate during the same period last year was6.46%; Net profit attributable to the parent company17.04100 million US dollars, year-on-year growth153.32%The growth rate during the same period last year was-382.83%。IBMIn the third quarter, there was a significant increase in both revenue and net profit, with good phased growth, but the stability of net profit growth was poor. Return on equity7.53%Above the Federal Reserve's benchmark interest rate5.5%，存在长期持有的优势。资产负债率82.09%，高于警戒线60%，可能在未来出现偿债风险。三季度现金流减少21.49亿美元，拉低了以折现法计算的潜在估值水平。


From a technical perspective,IBM国际商业机器的长期趋势仍然为多头，如果未来三根K线的收盘价能够处于MA30上方，能够强化多头趋势的判断。不过，三季度财报公布后，昨日股价跳涨的幅度过大，有可能激发空头发力寻求回补缺口，短期需对此保持警惕。震荡指标KD的读数处于中下区域，此前已经在超卖区间形成gold交叉，继续上涨的空间较大，预计涨势将会延续。需要提醒的是，美国三大stock market index均处于中期显著空头趋势，美股市场的投资情绪非常悲观，IBM当前的涨势有可能受到严重拖累而无法持久。

行业角度看，IBM国际商业机器属于信息技术、云计算、区块链、科技股板块，四个板块指数的走势与纳斯达克的跌势保持一致，无法对个股形成提振。货币政策角度看，IBM的负债率非常高，美联储调高基准利率会直接增加IBM的融资成本，不利于企业扩张。经济数据角度看，美国9Monthly service industryPMIby50.9，高于荣枯线，高于前值50.1，表现超预期。综合比较，除了IBM的业绩面以外，服务业数据的扩张态势是仅存的利多IBM股价的因素。

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2023-10-27