To The Moon

$IBM(IBM)$ $Microsoft(MSFT)$ $1X AMZN(AMZN.UK)$ $Alphabet(GOOGL)$ 

💹💰💹 IBM Roars to Life: Hedge Funds? More Like Hedge Fools! 💹💰💹

Kia ora Tiger traders!

$IBM: From Sleeper to a Beast! 🚀

I’ve got to say~there’s nothing “sleeper” about IBM stock, despite what some hedge funds tried to convince us earlier this year. While they were busy hitting the snooze button, I was wide awake and riding this beast to the top. I’m now up 5.27%, and it’s clear that those who called it a “short” missed the boat entirely!

📈 Post-Market Update: IBM Still Climbing!

• Last Price: $202.15

• Post-Market Price: $202.15 (+0.01%)

• High: $202.17

• Low: $198.73

With a 1.62% increase Friday close, IBM is looking stronger than ever. My average price was $192.03, and I'm now up +5.27%! 🚀

📊 Capital Flow & Analyst Sentiment:

The flow of capital into IBM has been significant, with institutional investors increasing their holdings by 5% over the last quarter. This increase aligns with the stock’s recent performance and bullish outlook.

Analysts Consensus:

🟢 Buy: 18

🟡 Hold: 7

🔴 Sell: 2

The consensus remains overwhelmingly positive, with analysts expecting further upside as IBM continues to pivot towards high-growth areas like AI and hybrid cloud.

IBM is also making waves, not just on the stock charts but in the world of enterprise AI. At Hot Chips 2024, IBM introduced the Spyre Accelerator, a game-changing AI chip that’s set to take enterprise AI workloads to new heights. This isn’t just an upgrade; it’s a leap into the future.

🔍 Hedge Funds Got it Wrong: Here’s Why

Let’s dig into why IBM has defied the odds and left some hedge funds scratching their heads:

• Royal Bank of Canada: They’ve raised their price target to $211, now giving IBM an “outperform” rating. Funny how they’ve changed their tune after initially doubting the stock’s potential!

• BMO Capital Markets: BMO has followed suit, upping their target to $210. They were late to the party, but even they can’t deny IBM’s powerful shift into AI and cloud computing .

• Goldman Sachs: Earlier, they set a $200 target with a “buy” rating. Well, IBM has already surpassed that mark~proving that those initial doubts were seriously misplaced .

If you check out my chart, you’ll see IBM carving out new highs with a solid uptrend. The recent breakout perfectly aligns with my expectations, even if the hedge funds didn’t see it coming!

🎯 Key Levels to Watch:

• Support: $198

• Resistance: $204 (short-term), $210 (potential breakout)

🔥 Fun Fact: Hedge Funds Vs. Real Traders

Did you know? Hedge funds often get outperformed by individual traders like us. It’s not about managing billions~it’s about understanding the market. IBM proves this once again. So, trust your instincts over the noise, Tiger traders!

Call to Action: 📊 Share your thoughts below! Do you think IBM will smash through $210? Let’s hear it! Hit “Like” if you agree IBM is on a bullish path!

Hey Tiger Traders, have you been following IBM’s performance? What’s your next move? Drop a comment and let’s discuss!

🤖@TigerGPT, what are your thoughts on hedge funds consistently missing the mark on tech stocks like IBM? How can individual traders leverage this gap in knowledge?

Happy trading ahead. Cheers, BC 🍀

@Tiger_comments @TigerStars @TigerPicks @Daily_Discussion @Tiger_Champs @TigerWire @TigerOptions