Hilary Kramer’s Top Trade for 2012
Looking ahead to 2012, I see more game-changing opportunities, especially in areas like health care and technology. Take cloud computing. If you use Google’s (NASDAQ:GOOG) Gmail, Amazon (NASDAQ:AMZN), iTunes or Facebook, you’re already using cloud computing, which basically is Web-based storage. It’s cool for consumers, but it’s revolutionary for businesses around the world because it saves money.
The cloud-computing industry is expected to almost triple during the next couple of years, and my favorite play right now is EMC (NYSE:EMC). The stock is a rare triple play — it’s aggressively moving into an innovative new technology (the cloud), gaining market share in its existing core business and increasing profitability. The stock is a bargain at less than 14 times next year’s expected earnings, and I’m looking for it to be nearly a double from current prices.
Check out InvestorPlace.com’s other looks back at 2011 and ahead to 2012 here.