Jim Cramer on IBM: “I Like It Very Much, But It’s Up On a Spike”

Oh, okay… look, I deliberation you raised a truly absorbing question. You said it was up, down, up, down. This banal is up astir 80 points successful similar a week. I deliberation we gotta springiness it a chance. I privation it to travel down earlier I tin springiness it my seal of approval. And I similar it precise much, but it’s up connected a spike, and you know, I don’t urge a parabolic move… It’s hardly ever worked.

Credit: IBM

International Business Machines Corporation (NYSE:IBM) provides software, consulting, and unreality and on-site exertion solutions, on with financing to assistance clients usage its products. During the May 7 episode, a caller asked Cramer whether the company’s banal was a buy, sell, oregon hold. In response, the Mad Money big said:

I privation you to bargain IBM. I bash not recognize wherefore it’s each the mode down here. I thought the 4th was really truly good. I deliberation it’s been caught up with this thought that it’s got immoderate bundle that radical don’t like. That’s nonsensical. I deliberation that Arvind Krishna is doing a singular job. And yes, I’ll springiness you the quantum, I’ll propulsion that successful for free.

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