Managing director on 'overreaction' to IBM's profit warning

Focused Wealth Management managing director Philip DeAngelo explains why IBM stock is a long-term buy despite a 25% drop after a profit warning.

Philip DeAngelo, Focused Wealth Management managing director, weighs in on IBM's recent 25% stock drop after a profit warning. He emphasizes the company's 'sticky customers' in government and banking, along with its 3.1% dividend, suggesting investors may have overreacted. DeAngelo sees long-term value despite short-term market fluctuations.