Most investors are always on the hunt for underpriced stocks. After all, who doesn't love a bargain?
However, not every stock that has taken a tumble is necessarily undervalued. Sometimes, those sell-offs are completely merited even when they hit familiar blue chips. One of our key tasks as investors is to separate the market's mispricings from its correct calls -- and it's not easy.
With this in mind, let's consider the three worst-performing components of the Dow Jones Industrial Average in April. Are any of them bargains after their share price declines, or did Wall Street get it right?
Image source: Getty Images.
What went wrong
April's biggest losers among the bluest of the blue chips were Intel (NASDAQ: INTC), down 10%; Boeing (NYSE: BA), down 8%; and Amgen (NASDAQ: AMGN), off by 4%. For perspective, last month the Dow Jones Industrial Average overall gained a little less than 3%.