Diamonds and Dogs

12/28/21

IBM (IBM) acting a lot better. Big Blue is up a percent, rally for a fifth consecutive day and now trading at a five-month high. Last month, IBM spun off their legacy businesses into a new publicly traded company called, Kyndryl Holdings to focus on cloud computing and artificial intelligence technologies. The stock is up 13% in the last month.

Zoom (ZM) zooming in the wrong direction. The virtual meeting company is down 2% today after acquiring, "certain assets" from Liminal to enhance the company's high-quality events offerings and productions. Terms were not disclosed. Zoom stock is down 47% year to date.

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