CNBC's Jim Cramer has found one surefire way to boost your stock on a tepid day like Wednesday: say you're making investments in technology to make your company more efficient.
"Just look at the stock of Home Depot," the "Mad Money" host said. "[It] announced this morning that it's hiring 1,000 technical professionals as part of its $11 billion strategic investment plan, and [its stock] was rewarded with a nearly 3 percent rally."
Forty-seven percent of IBM's business is "right," he acknowledged: it focuses on the cloud, blockchain, cybersecurity and artificial intelligence.
But IBM's incumbent businesses have money managers worried, so much so that they think IBM's spending patterns could stymie its growth trajectory.
"These money managers are all about identifying companies with the best growth prospects," Cramer said. "As far as they're concerned, IBM's big dividend is a big red flag. It's a sign that the company doesn't have the opportunities or the DNA, perhaps, to invest in the future, even as IBM spends a fortune on R&D."