Sponsored By:

Top 5 Stocks to Buy for February

Financials, builders and cloud computing stocks could provide better-than-average-returns

      View All  

Top Stock to Buy #3 – Rackspace Hosting (RAX)

Rackspace Hosting (NYSE:RAX) offers a portfolio of cloud computing services to businesses in more than 120 countries. Consensus earnings for 2013 are expected to jump to $1.07 from $0.75 in 2012.

After a consolidation last year from June to August, the stock broke from a cup-and-handle formation and established a pattern of higher highs supported by volume spikes, and a bullish MACD.

Due to its leading position in a very hot sector, this stock could have wild fluctuations. Thus, our buy under price for RAX is $73 with a price target of $95.

02 13 buy rax2 300x208 Top 5 Stocks to Buy for February
Click to Enlarge

chart key 300x84 Top 5 Stocks to Buy for February 


Article printed from InvestorPlace Media, http://investorplace.com/2013/01/top-stocks-to-buy-fra-bx-rax-ms-shw-vmw/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.