Jim Cramer made the following calls on July 1st, 2013. What do you think about his picks?
EMC Corporation (NYSE:EMC): Jim Cramer ranked this stock a Sell. Cramer previously ranked this stock a Buy on May 3, 2013. The stock’s 52-week high is $28.18, and its 52-week low is $21.45.
Cramer’s sentiment on EMC seems to be justified, as both EMC and Cisco are losing business to SimpliVity. The younger company boasts a new data storage device it calls the OmniCube, which is claimed to be an “all-in-one data storage and retrieval appliance.”