S&P estimates the company will earn $$1.80 in 2013, $2.08 in 2014, and $2.31 in 2015. Its analysts point to an anticipated rise in revenues driven by the increased adoption of cloud computing as a basis for the projected steady increase in earnings. They have a “strong buy” rating with a 12-month price target of $32.
This stock completed a break from a huge bullish saucer by closing above its 50-day moving average. Buy now as a long-term investment. EMC has a dividend yield of 1.7%.
P.S. – Traders looking to Serge Berger’s free Beat the Bell service every morning will be putting themselves in capable hands.
Serge has worked for InvestorPlace for years now, and has filled in for me on the rare occasion I take a few days off. Every time I return, I see plenty of reader compliments about Serge’s work.
Serge’s technique involves swing trades in stocks and ETFs that last anywhere from two days to four weeks. He is frequently successful in capturing high-probability trades that are set up at confluence zones of support/resistance using candlesticks as his charting method.
And Serge’s advice isn’t just one-time, one-way. Win or lose, he frequently revisits ideas after the fact to see what can be learned and what new trades can be made. More importantly, Serge connects with his readers, frequently answering questions and fielding some tough ones with aplomb.
I have no doubt that traders will be well-served by Beat the Bell and Serge’s daily flow of ideas.
– Sam Collins, InvestorPlace Chief Technical Analyst