This report is dated 10/22/00
Our stock of the week is not a recommendation to buy or sell, just an interesting company you might want to follow. Please see our disclaimer .
Our stock of the week is EMC Corp. ticker (EMC). EMC's home
page is at http://www.emc.com.
Get a quote for EMC at http://quote.yahoo.com/q?s=emc&d=v1
EMC builds the world's most robust, secure and trusted information
storage infrastructures. Their storage systems, software, networks
and services ensure fast, round-the-clock access to all of the
information businesses and individuals must have to prosper in
the Information Economy. To EMC's customers, EMC is the caretaker
of the world's information. Stock has held up pretty well during
this market correction.
If you invest in this stock please use only an amount you are willing to lose as it is risky. Stock is currently MACD up-trend which is good and above it's 50 and 200 day moving average which is good. If you do enter it you should cut your loses at 8% of your original investment which is a stop price of $92 at its current price of $100. Stock is up 13% in the last 3 months, up 52% in the last 6 months and up 207% in the last 12 months and its performed worse than stocks in its industry group over the past 3, and 6 months and better over the past 12 months.. Its 52-week high is $104 15/16 and it's currently trading at $100 which is 4.7% from its high. Resistance at $105 and support at $90. According to their 10Q there are no legal proceedings against EMC which will have any adverse effect on the companies business. Their revenues for the previous 12 months were $8.1 billion with $1.4 Billion in income. One year sales growth of 66% and income growth of 49%. Morningstar.com rates EMC as a "B" for Growth, "A+" for profitability, "A+" for financial health, and a "C-" for valuation which is an Good rating but a little overvalued. Barchart.com rates 40% short term buy, 75% Medium term buy and long-term 67% buy which is good. Stock has a 1.36 rating on Yahoo, which is excellent. VectorVest rates it poor value, very good safety, excellent timing. for an overall rating of very good and they have a buy recommendation on the stock. To do a complete analysis go to http://StockG.com/q.htm.
Risks
It has a high P/E ratio relative to its peers. Stock is overvalued,
and the Nasdaq has been performing poorly. Technology risk if
competing platform takes market share away. Sun Microsystems is
trying to get market share from EMC. Another risk is that it's
approaching $100 and a lot stocks come under strong resistance
at this price.
Click below for research link on EMC:
* Motley Fools at http://quote.fool.com/uberdata.asp?symbols=EMC
* Money Central at http://moneycentral.msn.com/investor/research/wizards/srwfund.asp?Symbol=EMC
* Morningstar.com at http://quicktake.morningstar.com/Stocks/StockGrade/_EMC.html
* Barchart.com at http://quotes.barchart.com/texpert.asp?sym=EMC&code=1
* SmartMoney.com at http://smartmoney.com/eqsnaps/index.cfm?story=competition&symbol=EMC&fk=7272
* ClearStation.com at http://www.clearstation.com/cgi-bin/details?Event=peek&Symbol=EMC&Refer=http://www.clearstation.com/
* Yahoo at http://quote.yahoo.com/q?s=EMC&d=b
* Second Opinion at http://suretrade.stkwtch.com/Suretrade/Secop/EMC.asp
* Thomson I-watch at http://iw.thomsoninvest.net/iwatch/cgi-bin/iw_page?ticker=EMC
* Raging Bull at http://www.ragingbull.altavista.com/mboard/boards.cgi?board=EMC
* 10Q at http://www.sec.gov/Archives/edgar/data/790070/000091205700036440/0000912057-00-036440.txt
* Broker Reports at http://www.cnetinvestor.com/reports-single-company.asp?symbol=EMC
* Momentum report at http://www.cnetinvestor.com/momentum-rating-single-company.asp?symbol=EMC
* Vector Vest at http://www.vectorvest.com
* Price History YTD:
http://chart.yahoo.com/t?a=12&b=28&c=99&d=10&e=15&f=04&g=d&s=EMC&y=0&z=EMC
* Previous News: http://biz.yahoo.com/n/e/emc.html
Please note that author doesn't own shares of this stock.
YTD (Year-to-date) Chart