Despite its blue-chip status, it's been a long time since International Business Machines (NYSE: IBM)
was an elite stock. Since peaking in March 2013, long-term investors
saw their holdings shrink 30% into the December 2014 low, highlighted by
a massive price collapse in October.
Big Blue was more black and blue.
However, the good news is that after months of sideways trading, the
stock started to heal. Indeed, the trend has been to the upside all
year. (more)
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