3 Web 3.0 actions to buy right now
The Web 1.0 and Web 2.0 era refers to the history of the World Wide Web in the 1990s and early 2000s, which gave rise to the term Internet. In the mid-1990s, the introduction of web browsers such as Netscape Navigator flourished in the era of Web 1.0. While Web 1.0 primarily featured static and bland web pages, these were later replaced by the interactivity, social connectivity, and user-generated content of Web 2.0.
Web 3.0 emerged as a new iteration of the World Wide Web, which is based on blockchain technology and comes with features like decentralization, openness, and greater user convenience. The concept of Web 3.0 is gaining momentum by integrating technologies such as Artificial Intelligence and Machine Learning, or even the Semantic Web system.
International Business Machines Corporation (IBM), Microsoft Corporation (MSFT), and Intel Corporation (INTC) seem well positioned to benefit from the next generation of the Internet. Therefore, we think their actions could be solid bets now.
International Business Machines Corporation (IBM)
IBM in Armonk, NY, provides integrated solutions and services worldwide and operates through four business segments: Software which provides a hybrid cloud platform; Consulting that offers business transformation; Infrastructure services that provide on-premises and cloud-based server and storage solutions; and Financing provides lease, installment and loan financing.
Last month, IBM Consulting announced that it was working with Discover Financial Services (DFS) to help the leading digital bank and payments company improve its digital transformation of legacy applications and systems to a hybrid cloud architecture using Red Hat OpenShift. “Consumers are demanding faster access to integrated digital banking and payments more than ever, with the assurance that their data will be protected,” said John Granger, senior vice president, IBM Consulting.
Additionally, last month, IBM announced new solutions with IT management software company Flexera and IBM Turbonomic Application Resource Management (ARM) to help organizations use automation to streamline IT asset management. These new solutions aim to reduce business costs and automate the increasingly difficult task of software license compliance and optimization.
During the first quarter, ending March 31, 2022, IBM’s total revenue increased 7.7% year-on-year to $14.20 billion. Its non-GAAP gross profit rose 4.4% year-on-year to $7.52 billion, while its non-GAAP income from continuing operations was $1.27 million, up 25.5% over the prior year quarter. The company’s non-GAAP EPS improved 25% year over year to $1.40.
The consensus EPS estimate of $3.74 for the fourth quarter ending December 31, 2022 represents year-over-year growth of 11.5%. Analysts expect its revenue to grow 4% year over year to $17.4 billion for the same period. Plus, it has an impressive track record of winning surprises; it has exceeded consensus EPS estimates for the past four quarters. The stock has gained 4.6% year-to-date and 14.1% over the past six months.
from IBM POWR Rankings reflect this promising prospect. The company has an overall rating of B, which translates to Buy in our proprietary rating system. POWR ratings rate stocks on 118 separate factors, each with its own weighting.
The stock also has a B rating for value and quality. Within the Technology – Services Industry, it is ranked #23 out of 81 stocks.
To view additional POWR ratings for Growth, Sentiment, Stability and Momentum for IBM, Click here.
Microsoft Corporation (MSFT)
MSFT in Redmond, Washington develops, licenses and supports software, services, devices and solutions worldwide. The company has two segments: Productivity and Business Process, which offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance; and Skype for Business, and associated Client Access Licenses (CALs); Skype, Outlook.com, OneDrive and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and business divisions.
Last month, MSFT announced advancements in cloud technologies for healthcare and life sciences with the general availability of Azure Health Data Services and updates to Microsoft Cloud for Healthcare. With the recent closing of its acquisition of Nuance Communications, Microsoft is well positioned to expand an organization’s ability to help others by leveraging trusted AI to address the biggest challenges transforming the future of healthcare. health for all. Nuance Communications Inc. (NUAN), is a leading provider of conversational AI and ambient intelligence across industries including healthcare, financial services, retail and telecommunications. With a shared vision to drive results through AI, Microsoft and Nuance will enable organizations in all industries to accelerate their business goals with security-focused, cloud-based solutions infused with powerful AI and vertically optimized. .
During its fiscal second quarter, ended December 31, 2021, MSFT’s total revenue increased 20.1% year-over-year to $51.73 billion. Operating profit rose 24.3% from its value a year ago at $22.25 billion, while its net profit improved 21.4% from the Q3 quarter. previous year to $18.77 billion. The company’s EPS rose 22.2% year-over-year to $2.48.
Analysts expect MSFT’s revenue to grow 17.6% year-on-year to $49.05 billion for its third quarter, ending March 31, 2022. The company’s EPS is expected to rise 12 .7% YoY to $2.20 in the third quarter, ending March. 31, 2022. Plus, it has an impressive history of earnings surprises; it has exceeded consensus EPS estimates in each of the past four quarters. Shares of the company have climbed 7.8% over the past year.
MSFT’s strong fundamentals are reflected in its POWR ratings. The stock has an overall rating of B, which is equivalent to Buy in our POWR rating system. The stock also has an A rating for sentiment and a B for quality and stability. Within the Software – Enterprise industry, it is ranked #8 out of 59 stocks.
In total, we rate MSFT on eight distinct levels. Beyond what we’ve stated above, we’ve also assigned MSFT ratings for growth, value, and momentum. Get all MSFT reviews here.
Note that MSFT is one of the few hand-picked stocks currently in the Reitmeister Total Return portfolio. Learn more here.
Click here to view our Software Industry Report for 2022
Intel Company (INTC)
INTC designs, manufactures and sells computer products and technologies internationally and operates through CCG; GCD; IOTG; Mobileye; NS G; PSG; and all other segments. the Company based in Santa Clara, CA provides platform products, such as CPUs and chipsets, and non-platform or adjacent products, including accelerators, boards and systems, connectivity products, graphics and memory and storage products.
This month, Lockheed Martin Corporation (LMT) and INTC announced that they are leveraging their expertise in technology and communications to bring together innovative 5G-enabled solutions enabling faster and more decisive action for 21st century security. A Memorandum of Understanding (MOU) signed late last year amplifies the ongoing strategic relationship between the two companies to align 5G-enabled hardware and software solutions for the Department of Defense (DOD).
In the fourth quarter, ended December 25, 2021, INTC’s non-GAAP net revenue increased 3.5% year-on-year to $19.53 billion. It is not GAAP compliant operating result was $5.05 billion, while his net income was $4.45 billion. The company’s non-GAAP EPS was $1.09.
The consensus EPS estimate of $3.16 for its fiscal year 2023 represents 4.9% year-over-year growth. Analysts expect INTC’s revenue to grow 1.3% year-over-year to $75.71 billion in its 2022 fiscal year. Additionally, it has an impressive track record. earnings surprises; it has exceeded consensus EPS estimates in three of the past four quarters.
It’s no surprise that INTC has an overall A rating, which equals Strong Buy in our POWR rating system. INTC has a B rating for value, sentiment and quality. In the Semiconductor and wireless chip industry, it is ranked #9 out of 96 stocks
Click here to see additional POWR ratings for INTC (Growth, Dynamics, and Stability).
Click here to view our Semiconductor Industry Report for 2022
IBM shares were trading at $138.59 per share on Friday morning, down $1.26 (-0.90%). Year-to-date, IBM has gained 4.94%, versus a -8.53% rise in the benchmark S&P 500 over the same period.
About the Author: Spandan Khandelwal
Spandan’s is a financial journalist and investment analyst specializing in the stock market. Through its ability to interpret financial data, it aims to help investors assess a company’s fundamentals before investing. After…