Rackspace (RAX) Revenue, Stock Surges on Cloud

 

Cloud computing company Rackspace Hosting’s (RAX) revenues and profits are way up as is the company’s stock price, Investor’s Business Daily reported.

Rackspace has made its mark in cloud computing by using an open-source platform know as OpenStack to power its cloud portfolio.

The company launched OpenStack in 2010 and has since built a burgeoning support business around the software, which now has the backing of more than 180 companies.

Rackspace shares have climbed 37% this year and are up 70% from a year ago.

RAX is a Cabot Market Letter stock.

AAPL is a Cabot Top Ten Trader stock.

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Stock Picks

Church

Church & Dwight owns the Arm & Hammer, OxiClean and Trojan brands, as well as some smaller, faster-growing brands. But even after a 35% climb in 18 months, Church & Dwight still looks strong and poised for further gains.

Restoration Hardware

Restoration Hardware (RH) has been on my watch list for a long time. Believe it or not, I’ve been watching the stock for about a year—it was my Top Pick at the 2014 Cabot Investors Conference, nearly one year ago—and now, after a ton of starts and stops, shares look poised to get going.

Fitbit

Right now, one stock on my radar is Fitbit (FIT), a stock that recently earned a spot in Cabot Top Ten Trader. Here’s what growth stock guru Mike Cintolo wrote about it last week.

Cabot Wealth Advisory

The Best Consumer Stocks For Retirees

By Chloe Lutts Jensen on August 03, 2015

Retirees should choose consumer sector stocks with well-established brands, reliable earnings, and a history of paying regular dividends. They might not be as exciting as Amazon, but these companies can add a reliable income stream to your portfolio while also providing upside.Read More >

Beach Weather in the Market

By Paul Goodwin on July 31, 2015

It’s the beginning of August, high summer in New England, and a bit of summer fatigue is setting in. Summer in New England is short, so we try to pack half a year’s worth of cookouts, beach days, hikes, kayaking, sight-seeing and other outside recreation into three months. It’s fun, but the pace can be a bit frantic, especially as the season enters its third act. Frankly, all I want to do now is lie on a beach somewhere and read a book. Read More >

Managing Your Stock Portfolio to the Market's Tune

By Michael Cintolo on July 30, 2015

In today’s Wealth Advisory, I’m doing something I’ve never done before—reprinting an entire piece I wrote in Cabot Growth Investor last Wednesday. It doesn’t involve any specific stock advice (that is and always will be for subscribers only), but it details the wild divergences in the market (which are now getting lots of press—even the Wall Street Journal had a big write-up on it Monday), what it means, and how I’m advising people to handle it—I think it’s very timely.Read More >