IBM spinoff off to a rough start

KYNDRYL HOLDINGS INC. $10 is a hold. The company (New York symbol KD; Manufacturing & Industry sector; Shares outstanding: 226.8 million; Market cap: $2.3 billion; No dividends paid; Takeover Target Rating: Medium; www.kyndryl.com) took its current form on November 3, 2021, when International Business Machines Corp. (New York symbol… Read More

Get a 5.0% yield from IBM Corp.

Get a 5.0% yield from IBM Corp.

Key changes in its operations has moved this leading tech deeper into cloud-based computing services. Its “hybrid cloud” technology runs programs on remote servers as well as on the client’s own computers and gives it an edge over competitors.

As part of its new direction, it… Read More

New firms show the power of brands

New firms spun off from larger companies sometimes rise quickly, like Carrier and Otis. That’s probably because investors are familiar with their products and like their prospects. However, others such as Viatris and Kyndryl, are more obscure and need a few years to build a.. Read More