Jim Cramer Notes IBM Stock Sell-Off Despite Strong Earnings

International Business Machines Corporation (NYSE:IBM) is one of the stocks that Jim Cramer weighed in on. Cramer discussed the company’s earnings during the episode. He commented:

“Oh, on the other hand, though, you got tech companies that aren’t getting credit for solid numbers. IBM reported what looked like a nice top and bottom-line beat after the close. But because its software business came in a little light, the stock’s getting clobbered in after-hours trading. I’m not so sure how that right is, but it’s happening.”

International Business Machines (NYSE:IBM) provides end-to-end technology and consulting services, including hybrid cloud, AI platforms, infrastructure solutions, and financing support, backed by strategic alliances with leading global tech companies. During the July 9 episode, Cramer mentioned that he likes the stock. He said:

“Oh, I like IBM very much. I mentioned Ben Wright earlier. I think that Ben, he’s really turned me on to this stock. We did a very positive piece about it. I think it goes, I’m going to say not much higher but creeping higher over time, and that’s actually a great place to be. So I like IBM.”

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Disclosure: None. This article is originally published at Insider Monkey.