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3 Key Reasons To Buy IBM Stock Today

  • IBM has reported a drop in the rate of revenue decline in recent quarters.
  • The turnaround is in sight and the company should return to growth in FY2017.
  • Given the current momentum in the stock price, investors should lock in the current yield as the market will likely re-rate IBM stock once the company returns to growth.

International Business Machines Corp. (NYSE:IBM) stock has been in a freefall over the last couple of years. The stock closed the last trading session at a price of $159.55, down 25.8% from its peak of $215 in 2013. IBM stock price has been bogged down by the fact that the company has seen its top line decline for 3 consecutive years, which hasn't gone down too well with the investors. However, the company has made many right moves, which has seen the stock price rise 16% in the year-to-date, outperforming the NASDAQ's 4.8% gains in the same time period.

Source: International Business Machines Corp. stock price chart by

Should you buy into the recent rally of IBM? The company has made a few recent moves which now makes it a good time to pick up the beaten down stock ahead of the rally which could lie ahead. Here are 3...