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Jim Cramer Says “People Misinterpreted” International Business Machines’ Quarter

International Business Machines Corporation (NYSE:IBM) is one of the stocks on Jim Cramer’s radar recently. Starting the round of “Am I diversified?”, a caller noted that their top five holdings are Apple, IBM, Chevron, Eli Lilly, and Verizon, and asked if their portfolio is diversified enough. Cramer replied: “You can tell Leslie’s watched a lot because this is the kind of thing I’m looking for. We got a drug company, we’ve got a high-yielding telco, we’ve got a high-yielding oil company. We have IBM, wh ...