How did IBM's Q4 earnings surprise impact investor sentiment?

IBM's Q4 earnings surprise had a positive impact on investor sentiment, as evidenced by the subsequent performance of the stock. The 3-Day win rate was 58.82%, the 10-Day win rate was 64.71%, and the 30-Day win rate was 70.59%, indicating that a majority of the time, the stock performed well in the short term following the earnings release. The maximum return observed was 7.41% over 30 days, suggesting that there was significant upside potential for investors who held onto the stock after the earnings surprise.