Is Now the Time to Buy These 3 Beaten Down Stocks of the Dow Jones Industrial Average?
Stocks may have started October on a bullish foot, but they certainly didn't end the month on one. Following September's 2.3% tumble, the Dow Jones Industrial Average accelerated its sell-off to lose 4.3% the following month. Unfortunately, it's looking like there's room for more downside.
Leading the Dow's bearish charge? That's Cisco (NASDAQ: CSCO), Intel (NASDAQ: INTC), and International Business Machines (NYSE: IBM), better known as IBM. These stocks logged losses in October of 8.9%, 13.5%, and 11.8%, respectively.
There's a clear common element to these particular laggards -- they're all technology stocks. That's why it would be easy to chalk up this weakness to sector-related softness rather than anything company-specific. Indeed, given the unusually low valuations (past and projected) these three stocks sport right now, it might be tempting to step into any or all of them following this dip.
Source Fool.com
