EMC Corp (EMC) is a company that develops online storage systems amongst other products and after posting stellar earnings hit new all time price highs yesterday and again today. The stock was originally mentioned back at $21.50 after breaking out past $20.
The stock hasn’t yet crossed $25 a share but has received fantastic insitutional support as you can see by the volume buying on the latest big up days. The stock should move higher from here.
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[…] EMC Breaks to New Highs on Earnings […]
Good post - I like technology as investors are starting to focus more on fundamentals now vs. avoid tech stocks out of fear. The current Barron’s has a good article on this.
In particular, I like Oracle - they are cheap (forward P/E of 15.5 vs. EMC at 29.6) and have strong cash metrics (Free Cash Flow margin of 29% vs. EMC at around 13%).
Cheers,
BizIntel
http://www.evaluatingstocks.com