International Business Machines (IBM) has gone nowhere in the last 5 years while the market has soared. The stock though has several potential catalysts including a leading position in blockchain and a very cheap valuation. A key turning point would be a return to revenue growth in Q4 and 2018. One real positive sign was this blockchain ranking from Juniper Research. At roughly 10x '18 EPS estimates, an investor in IBM could obtain a big multiple expansion as the market regains confidence in the tech giant plus the potential that new strategic initiatives in cloud computing, AI and blockchain finally produces EPS growth. Disclosure: Long IBM