Why Investors Should Not Lose Patience With IBM Stock

International Business Machines (NYSE: IBM) reported its third consecutive quarter of declining revenue when it announced earnings on Monday. This took investor optimism out of the clouds, and IBM stock sold off by about 6%.

Indeed, IBM has faced falling revenue amid stagnation with some of its legacy businesses. The effects of COVID-19 have exacerbated the declines.

Nonetheless, IBM is remaking itself into a cloud company. With a little patience, the post-earnings sell-off in this tech stock could offer investors the chance to buy this cloud growth at an even deeper discount.

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Source Fool.com