Posted 12/30/2023, 12:20:00 PM
Stocks Near Highs But Deals Remain; IBM and DigitalOcean Position for Growth
- The S&P 500 and Nasdaq are near all-time highs, but some bargains remain for investors
- IBM provides solutions for enterprises to modernize infrastructure and adopt AI while managing privacy concerns
- IBM aims for 3-5% revenue growth this year excluding currency impacts and $10.5B in free cash flow
- DigitalOcean offers a simple cloud platform for developers and small businesses to avoid complexity of AWS and Azure
- DigitalOcean made acquisitions to drive long-term growth and trades at a reasonable free cash flow valuation of 21x expected 2023 levels