IBM (IBM) Relative Performance

RELATIVE PERFORMANCE IBM's STOCK PRICE PERFORMANCE 35% NASDAQ 100 S&P 500 --- IBM 30% 30% 28% 25% 20% 15% 10% 5% 0% -4% -5% -10% -15% Nov-12 Jan-13 Mar-13 May-13 Jul-13 Sep-13 Nov-13 For the most part of this year, IBM's stock has underperformed both the S&P 500 and the NASDAQ 100. The company has missed consensus estimates for revenue for the past seven quarters, and its earnings are higher over last year only because of inorganic growth, and not because it is performing better. Even though IBM was performing well in growth markets in 2012, revenues in the last quarter fell 5% because of a poor performance in China. Furthermore, two major segments - Global Services and Hardware - have been posting year-oOver-year declines in revenues since 2012. IBM's STOCK PRICE AGAINST XLK (5YRS) 200% --- IBM XLK 160% 120% 80% 40% 0% -40% Nov-08 Jun-09 Jan-10 Aug-10 Mar-11 Oct-11 May-12 Dec-12 Jul-13 Even though IBM was outperforming the Technology SPDR ETF (XLK) for the past five years, it has recently started underperforming the ETF after consistently missing revenue estimates. XILK's top holdings include Apple, Microsoft, Google, IBM and AT&T. IBM' STOCK PRICE PERFORMANCE AGAINST XLK ETF (1YR) 25% ---IBM -XLK 20.0% 20% 15% 10% 5% 0% -5.1% -5% -10% -15% Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13 BIDNESS SOURCES: Company Data, SEC filings, Bloomberg Professional Services Etc. DISCLAIMER: Bidness Etc(TM) and related marks are owned by Bidness Etc. Any other trademarks appearing on this website are the property of their respective owners, and are not used to indicate the origin of goods or services offered or provided by Bidness Etc herein or to suggest approval for or affiliation with Bidness Etc.