Rackspace stock lost almost half of its value after larger companies introduced cheaper cloud alternatives.
The company has recovered by emphasizing how they are a managed cloud service and not competing with these larger companies.
The I Know First algorithm correctly predicted Rackspace stock would rally.
After the stock price’s increase in recent months, the I Know First algorithm predicts that it has peaked and now is the time to sell.
Rackspace Hosting, Inc., (NYSE: RAX) provides cloud computing services and managing Web-based IT systems for small and medium-sized businesses and large enterprises worldwide. Founded in 1998 by three Trinity University classmates, the company is headquartered in San Antonio, Texas, with more than 200,000 customers and $1.5 billion in annual revenue. Rackspace is the largest managed cloud company, with technical expertise and their Fanatical Support team allowing companies to tap the power of the cloud without the pain of hiring experts in dozens of complex technologies. After being a technology stalwart in early years, the company's stock struggled before recently rallying. However, the stock might have reached its peak, and now could be the perfect time to sell.
Baidu, Inc. is the leader for Chinese language search engines, and was founded in 2000 by Robin Li. With their share of the online search engine market in China falling to about 60%, some worried that smaller rivals such as Qihoo 360 and Sohu would catch up and end Baidu’s dominance of the market. These fears appear to be unfounded, however, as Baidu has maintained their dominance in online ad revenue even as their market share decreased. In the second quarter, Baidu held close to 90% of China’s online search advertising market, collecting one-third of the total online ad marketing dollars. They are expected to collect $8 billion in ad revenues this year, and that figure could grow to more than $10 billion next year. Since the beginning of the year, Baidu’s stock price has increased 33%.
This Best Tech Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Technology Industry. It includes 20 stocks with bullish and bearish signals and indicates the best tech stocks to buy:
Top 10 tech stocks for the long position
Top 10 tech stocks for the short position
Package Name: Tech Stocks Recommended Positions: Long Forecast Length: 3 months (8/29/14 – 11/29/14) I Know First Average: 11.07% Get the “Top Tech Stocks” Package.
This Best Tech Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Technology Industry. It includes 20 stocks with bullish and bearish signals and indicates the best tech stocks to buy:
Top 10 tech stocks for the long position
Top 10 tech stocks for the short position
Package Name: Tech Stocks Recommended Positions: Long Forecast Length: 1 month (10/30/14 – 11/30/14) I Know First Average: 7.32% Get the “Top Tech Stocks” Package.
This Best Tech Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for the whole Technology Industry. It includes 20 stocks with bullish and bearish signals and indicates the best tech stocks to buy:
Top 10 tech stocks for the long position
Top 10 tech stocks for the short position
Package Name: Tech Stocks Recommended Positions: Long Forecast Length: 1 month (28/10/14 – 28/11/14) I Know First Average: 10.31% Get the “Top Tech Stocks” Package.
The stocks selected here are the top performing tech stocks from I Know First: Daily Market Forecast’s November 15th 2014 Stock Forecast titled Best Tech Stocks Based On Algorithm: Tech Stocks To Buy. This forecast is part of the Tech Stocks Package. The “I Know First Average” return was 15.27% versus the S&P 500’s return of 8.63% over the same time period.
I Know First-Daily Market Forecast, does not provide personal investment or financial advice to individuals, or act as personal financial, legal, or institutional investment advisors, or individually advocate the purchase or sale of any security or investment or the use of any particular financial strategy. All investing, stock forecasts and investment strategies include the risk of loss for some or even all of your capital. Before pursuing any financial strategies discussed on this website, you should always consult with a licensed financial advisor.
introduced cheaper cloud alternatives.
