Buy This Data Storage Stock for the Long Haul

by Sam Collins | December 20, 2013 1:31 am

EMC Corp. (EMC[1]) — One of the world’s largest suppliers of enterprise storage systems, EMC also owns 80% of VMware (VMW[2]), an industry-leading provider of server virtualization software. 

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%.

EMC Chart
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Chart Key[3]

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– Sam Collins, InvestorPlace Chief Technical Analyst

  1. EMC:
  2. VMW:
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  4. Beat the Bell:

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