Here’s Why These 2 Widely Held Stocks are Popping
EMC Corporation (NYSE:EMC): A favorable Barron’s column is inching EMC higher. Barron’s complimented the storage magnate’s cloud exposure, product re-do of late, 80% VMware (NYSE:VMW) stake, and capability to last through a recession. This comes despite the company’s tumble yesterday due to competitor NetApp’s (NASDAQ:NTAP) less-than-hoped-for July quarter guidance. EMC shares traded up $0.18 (or 0.74%) recently at $24.41.
Delta Air Lines Inc. (NYSE:DAL): According to analysis by a top airline website, Delta’s deal to purchase 88 717s from Southwest Airlines means the prior airline will “slash and burn” regional 50-seater flights that it maintains under the Chautauqua, Comair, ExpressJet, Pinnacle, and Skywest names. These routes to small cities lose money, and a revised pilot union contract restricts the number of small aircraft to be flown. Delta shares traded at $11.39 recently, up $0.12, or 1.06%.
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