Scoreboard / IBM

IBM IBM

Issue No. 04 pick · July 17, 2026 · Updated September 4, 2026

Technology

Setup Snapshot

The Setup in One Card

How IBM moved and the catalyst behind the move, from its Issue No. 04 write-up. It is not on the current Scoreboard, so it carries no Friday Five Score this week.

Issue No. 04

Original Pick

Week of July 10 to July 16, 2026 Return

IBM-25.82%

Sector Trend

Slippingdown 1.4 percent

Covered In

Issue No. 04 · July 17, 2026

Catalyst

Profit Warning

Preannounced a second quarter miss; worst single day drop in company history

Return measured from the Thursday, July 9 close to the Thursday, July 16 close, the week it appeared in Issue No. 04.

Why It Moved

The Story Behind the Move

IBMdown 25.8 percent in Week of July 10 to July 16, 2026

Catalyst

Preannounced a second quarter miss; worst single day drop in company history

Why It Mattered

A preannounced miss on the highest value software segment undercuts the growth thesis that justified IBM's valuation, forcing a sharp de-rating.

Risk Note

If the budget shift toward AI hardware is structural rather than a one quarter blip, it caps IBM's key growth engine, and the drop is off a preliminary warning with full results due July 22 that could move it again.

Reader Takeaway

A warning is not a finished quarter: the first plunge is rarely the whole story, and the full report days later can bring a second move in either direction.

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