Revenue of computer giant IBM declined over 8 consecutive quarters, but despite that the company continues to keep a positive outlook for 2014 and an 2015. This year's is forecasted earnings of $ 18 per share. It is worth noting that stock price is under the pressure of problems in the Chinese market, where in the first quarter sales fell by 20%. Analysts also note that many consumers of computer equipment in China prefer local companies like Huawei which provide cheaper equipment.
Despite this the company remains one of the leaders in the industry, but we do not recommend buying the stock and are searching the points to enter short positions. In the medium term, the share price may fall by 5-7%.