International Business Machines (IBM) was my stock pick of 2020. It quickly soared shortly after my story was up on the Real Money website, but like so many stocks it reversed and declined to my suggested sell stop. At best the recommendation was a scratch and at worse a small loss if you were disciplined. A fresh look at IBM now seems in order as prices have soared higher this week.
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The S&P 500 has made a weak close on six of the last seven days.
Demand for PCs, tablets and gaming hardware all still look quite strong. And smartphone sales are gradually picking up.