Top Gainers: 5 Stocks to Watch on Wednesday

2. International Business Machines Corporation (NASDAQ:IBM) is up 7.45% as of 12:02 PM ET after the Armonk, New York-based technology company’s Q1 2022 results outperformed revenue and bottom-line estimates. International Business Machines Corporation (NASDAQ:IBM) reported revenue and adjusted EPS of $14.2 billion and $1.40, respectively, outperforming the analysts’ estimates of $13.85 billion and $1.38. The company also upped its full-year guidance and anticipates revenue growth to be in the high-end of its mid-single-digit range.

Furthermore, International Business Machines Corporation (NASDAQ:IBM) sold Watson healthcare assets to a private equity firm during the quarter.

Out of the 924 hedge funds covered by Insider Monkey, 44 funds had a position in International Business Machines Corporation (NASDAQ:IBM) as of Q4 2021.