Are Legacy tech stocks set for a rebound?

Legacy tech stocks have lagged their peers and broader market. Cloud and subscription-service based-models are outperforming. Legacy tech stocks trading at lower valuation multiples than peers. Cisco, IBM, HP Inc., and HP Enterprises could be set for rebound.

Is a legacy stock a good investment?

And while the phrase "legacy stock" refers to an investment's staying power, it can definitely create a legacy of a different sort. Hold forever? Maybe not such a bad idea, Mr. Buffett. Bock puts it like this: "Legacy investments are the kinds of companies that can make a family, and even a generation of that same group, wealthy."

Is Costco a legacy stock?

And while not nearly as old, some stocks are showing strong signs of entering the legacy category. This includes Costco Wholesale Corp. ( COST ), a stock that has climbed a very steady ladder over the last 20 years. Since April 1996, Costco stock has soared from $9 to $157 per share.