Why IBM Stock Outperformed in April
April was a rough month for the stock market as a whole, but International Business Machines (NYSE: IBM) managed to buck the trend. While the S&P 500 was down 8.8% for the month, a strong earnings report pushed IBM stock up 1.7%, according to data provided by S&P Global Market Intelligence.
With IBM's managed infrastructure services business no longer dragging it down, solid demand for software and consulting helped the century-old tech giant beat analyst estimates for both revenue and earnings.
Source Fool.com