Sometimes, even well-respected stalwarts of industry wind up in Wall Street’s bargain bin. The question for long-term investors is whether they belong there.
Case in point: IBM (NYSE: IBM), Intel (NASDAQ: INTC), and HP Inc. (NYSE: HPQ) — a trio of tech giants operating in different sandboxes, but whose stocks have been beaten down for similar reasons. The market fears that their pivots toward future growth won’t deliver the kind of earnings they had in the past.