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Formally International Business Machines, IBM (IBM) develops and manufactures information technology products and services worldwide. From PCs to servers to software to semiconductors, this stock is a true global tech player.
While many tech firms are chasing the next big personal gadgets, IBM is content to continue its dominance of the mainframe and server market. The bottom line is that other tech companies have ceded this part of the computer market to IBM -- and it is thriving as a result.
Shares are trading above $120 right now, and I would recommend buying IBM up to $145 per share.
Next: Tech Stock #5: Priceline.com (PCLN)
At the time of publication, Louis Navellier owned shares of IBM in personal or client portfolios.
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