IBM's most recent trend suggests a bullish bias. One trading opportunity on IBM is a Bull Put Spread using a strike $125.00 short put and a strike $120.00 long put offers a potential 29.87% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $125.00 by expiration. The full premium credit of $1.15 would be kept by the premium seller. The risk of $3.85 would be incurred if the stock dropped below the $120.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for IBM is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for IBM is bullish.
The RSI indicator is at 74.63 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for IBM
Google's Ethics Effort Is Looking Rather Evil
Wed, 09 Dec 2020 19:43:30 +0000
(Bloomberg Opinion) — Google used to have a simple motto: Don’t be evil. Now, with the firing of a data scientist whose job was to identify and mitigate the harm that the company’s technology could do, it has yet again demonstrated how far it has strayed from that laudable goal.Timnit Gebru was one of Google’s brightest stars, part of a group hired to work on accountability and ethics in artificial intelligence — that is, to develop fairness guidelines for the algorithms that increasingly decide everything from who gets credit to who goes to prison. She was a lead researcher on the Gender Shades project, which demonstrated the flaws of facial recognition software developed by IBM, Amazon, Microsoft and others, particularly in identifying dark female faces. As far as I can ascertain, she was fired for doing her job: specifically, for critically assessing models that allow computers to converse with people — an area in which Google is active.Full disclosure: It’s hard for me to untangle my opinion on this from my personal and professional loyalties. I’m not acquainted with Gebru, but we have quite a few friends in common and I’ve admired her work for some time. I signed a letter supporting her. I also run an independent company that specializes in auditing algorithms for bias, so I have an interest in getting big tech firms to use my services rather than do their vetting in-house.All that said, I genuinely believe that Gebru’s story illustrates a broader issue: You can’t trust companies to check their own work, particularly where the result might conflict with their financial interests. My favorite example is Theranos, which insisted that its research into a novel blood test was so amazing and valuable that it couldn’t be shown to outsiders — until it proved to be a dangerous fraud. The warning applies no less to tech companies such as Google, IBM, Microsoft and Facebook, which have created internal ethics groups and external tools in an effort to display responsibility and keep their algorithms unregulated.I’ll admit that to some extent, I envy the people who work on the accountability teams. They have fascinating jobs, with access to tons of data that they’d never be able to play with in academia. At the same time, though, they have little or no influence to push their employers to actually implement the fairness frameworks that they so carefully develop. Their scientific papers are often heavily edited or even censored, as I learned when I once tried to co-author one (I quit the project).I often wondered about Gebru and others working at Google: How could they stand the bureaucracy, or express their very real concerns in that environment? As it turns out, they couldn’t.Gebru, along with co-authors from academia as well as Google, was trying to get the company’s approval to submit a paper on some unintended consequences of large language models. One problem is that their energy consumption and carbon footprint have been rapidly expanding along with their use of computing power. Another is that, after ingesting a large chunk of the entire history of all written text, they’re troublingly likely to use nasty, racist or otherwise inappropriate language.The findings, while perfectly good and interesting, were not particularly new. Which makes it all the more bizarre that someone higher up at Google decided, with no explanation, that Gebru had to back out of publishing the paper. When she demanded to know what the actual complaints were so she could address them, she was fired (with her boss informed only after the fact).Aside from turning the paper viral, the incident offered a shocking indication of how little Google can tolerate even mild pushback, and how easily it can shed all pretense of scientific independence. The fact that Gebru was one of the company’s only Black female researchers makes it a particularly egregious example of punching down in the same old tired way.Embarrassing as this episode should be for Google — the company’s CEO has apologized — I’m hoping policy makers grasp the larger lesson. The artificial intelligence that plays a growing role in our lives requires outside scrutiny, from people who have the proper incentives to be independent and the power to compel meaningful reform. Otherwise, algorithms will be doomed to repeat and amplify the flaws of the humans who made them.(Updates with apology of Google’s CEO.)This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Cathy O’Neil is a Bloomberg Opinion columnist. She is a mathematician who has worked as a professor, hedge-fund analyst and data scientist. She founded ORCAA, an algorithmic auditing company, and is the author of “Weapons of Math Destruction.”For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
IBM Launches New Innovative Capabilities for Watson; Leading Global Brands including EY and Regions Bank use Watson to Infuse Intelligence into Workflows
Wed, 09 Dec 2020 13:00:00 +0000
IBM (NYSE: IBM) today announced innovative new capabilities planned for IBM Watson designed to help scale the use of AI by businesses.
Will Palantir Or IBM Stock Grow More By 2022?
Wed, 09 Dec 2020 12:45:05 +0000
Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.We surveyed a group of over 300 Benzinga investors on whether shares of Palantir (NYSE: PLTR) or IBM (NYSE: IBM) stock would grow the most by 2022.Palantir Vs. IBM Stock It's no secret Palantir delivers big data analytics software solutions to United States government projects. Palantir released its Gotham software platform in 2008, which is the platform that primarily focuses on providing data analytics solutions to the U.S. government's intelligence and defense sectors.Palantir also provides non-government organizations with solutions to manage large disparate data sets in an attempt to gain insight and drive operational outcomes. Meanwhile, a breakdown of IBM's revenues shows the company primarily sells infrastructure services (37% of revenue), software (29% of revenue), IT services (23% of revenue) and hardware (8% of revenues). As a management consultant company, IBM's outward impact is substantial. It's estimated IBM manages 90% of all credit card transactions globally and is responsible for 50% of all wireless connections in the world. Today, IBM operates in 175 countries and employs approximately 350,000 people.Just over 65% of traders and investors told us shares of Palantir would grow more by 2022, while 34% of respondents said IBM will grow more over the next year.While many respondents respect IBM's undeniable impact in cloud and enterprise software services, many are attracted to the mission-driven mindset Palantir has in augmenting human intelligence. “IBM is a company that has earned the respect of its peers the world over,” said one respondent. “In their history they've went almost seamlessly from engineering business machines to manufacturing among the most superior analog computers. IBM is, yes, still highly innovative, but Palantir has the luxury to begin anew if its curiosity is piqued by a new technology.”To see how IBM stock has performed during waves of massive growth and adoption of internet services, here's how much investing ,000 in IBM at the peak of the dot-com bubble would be worth today.Benzinga has been breaking actionable financial news and curating high-quality financial data sets since 2009. Learn more today about receiving stock and market data through APIs. This survey was conducted by Benzinga in December 2020 and included the responses of a diverse population of adults 18 or older.Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 300 adults.See more from Benzinga * Click here for options trades from Benzinga * Will Nio's Stock Reach 0 By 2022? * Will GE Or Boeing Stock Grow More By 2025?(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
4 Central European Stocks Broadly Owned by Gurus
Tue, 08 Dec 2020 21:23:54 +0000
Episode 4 of ‘World Travels' video series looks for consensus picks in Germany and Switzerland
Cisco Updates Webex Video Conferencing in Bid to Fend Off Zoom
Tue, 08 Dec 2020 16:16:26 +0000
(Bloomberg) — Cisco Systems Inc., the biggest maker of networking equipment, is upgrading its Webex conferencing service to beat back challenges from Zoom Video Communications Inc., the upstart whose stock has risen six-fold this year.The company announced a raft of enhancements going live on Tuesday and promised a number of others will be added soon. Webex calls will now enhance speech and cancel background noise, Cisco said at a corporate event. The service will include closed captioning, transcriptions, voice commands and impromptu meetings that don’t require advanced scheduling.Cisco is trying to bolster Webex, a longtime favorite corporate tool, to fend off a raft of relatively new entrants such as Zoom and enhanced offerings from other technology companies that have grown rapidly during the Covid-19 pandemic lockdown.The strategy is part of Chief Executive Officer Chuck Robbins’s drive to wean the company off a reliance on sales of pricey hardware and make the company a provider of networking services. Cisco hasn’t kept pace with Zoom or other corporate darlings of the pandemic. The stock is down about 8% this year.Other new features on Webex include the ability to read gestures by participants. A physical thumbs up will translate into a virtual reaction conveyed to a speaker. Templates will help meetings progress in a more orderly way and finish on time. For example, attendees might be locked out of speaking again until everyone has had an equal chance to speak. Cisco is also adding real-time translation, starting in February, in 10 languages.Cisco Senior Vice President Jeetu Patel, who heads the business unit, said the company is aiming to make Webex interactions 10 times more effective than in-person meetings by automating time-consuming follow-up activities and making the software and hardware able to read and respond to human behavior.Webex has about 600 million monthly users. Companies including International Business Machines Corp., Facebook Inc and T-Mobile USA Inc. are among its customers.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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