$TEX – Terex Corporation – last closed at $20.48 – Bullish (Short term)

Terex Corporation is a lifting and material handling solutions company. The Company is focused providing its operations and delivering solutions for a range of commercial applications, including the construction, infrastructure, quarrying, mining, manufacturing, transportation, energy and utility industries.

We saw a massive 36.44% surge in the price of Terex yesterday with a huge trading volume!

Terex had previously announced its merger with Finnish Konecranes. It received an unsolicited bid from Zoomlion, one of China’s biggest Crane manufacturer, resulting in the sudden surge in the market prices. Adding to that, TEX breached its 50 day moving average in a bullish manner yesterday. We believe that Terex may have bullish market sentiments for the short term.

$ EMC- EMC Corporation, Last closed at 24.30 – Bullish (medium term)

EMC Corporation is a global leader in enabling businesses and service providers to transform their operations and deliver IT as a service. Fundamental to this transformation is cloud computing. Through innovative products and services, EMC accelerates the journey to cloud computing, helping IT departments to store, manage, protect and analyse their most valuable asset – information – in a more agile, trusted and cost-efficient way

Share price of EMC closed at $24.30 after touching the day’s high of $24.36. EMC’s revenue growth trails the industry average of 25.3%. Since the same quarter one-year prior, revenues slightly increased by 0.8%. This growth in revenue does not appear to have trickled down to the company’s bottom line, displayed by a decline in earnings per share. The gross profit margin for EMC CORP/MA is rather high; currently it is at 68.23%. Regardless of EMC’s high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, EMC’s net profit margin of 7.89% is significantly lower than the industry average.

EMC Corporation today announced that 28-year EMC financial executive Denis Cashman has been named EMC Chief Financial Officer, effective March 1.  Cashman will be responsible for all internal and external financial responsibilities for EMC’s consolidated business. Analyst and experts look into as a bullish trend for the stock and advice for strong buy as the share price of the company will soon increase in the coming quarters.

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