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


The fact that these stocks couldn’t rally even in the market strength of the past month tells us there’s little hope for the rest of the year.

Newfield Exploration

This oil & gas producer looks like an early leader.

Mindray Medical

Mindray has made a global name for itself, designing and refining medical equipment that can be sold more cheaply than the big international brands.

Cabot Wealth Advisory

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Two Stocks Mr. Buffett Should Own

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As Warren Buffett said, "Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.” Two stocks that I think Mr. Buffett should own are Johnson Controls and Whirlpool. Read More >

How to Get a Fat Portfolio During a Flat Market

By Paul Goodwin on November 20, 2015

The only way to make money in a flat market with one foot nailed to the floor is to own stocks that are going up. (And there are always stocks that are going up, even in wretched market.) Cabot growth investing advisories can help you handle the market’s cranky periods and find winners when they’re thin on the ground Read More >