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Daily Archives: September 18, 2009

Highest Growth Rate Ever for Indicator

September 18, 2009
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Highest Growth Rate Ever for Indicator

As I’ve done a couple of times, I’m going to start my Wealth Advisory with a quick update on the ECRI Weekly Leading Index.  I first wrote about it back in November of last year, and back then, my point was to alert you to the fact that the economy was, without a doubt, going to recover.  Now, of course, most people are coming around to that view. Interestingly, however, the Weekly Leading Index has continued to soar.  As of last Friday, the Index’s growth rate, which measures its rate of change during the past six months or so,...

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STEC: Today’s Leading Data Storage Stock

September 18, 2009
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STEC: Today’s Leading Data Storage Stock

Sticking with the data storage theme from yesterday, my investment recommendation today is STEC, Inc., (STEC), a young company that’s making inroads into the industry with revolutionary new products.  These products, in short, are solid-state drives, like flash memory (which used in iPods and other small portable devices) but in this case designed for the enterprise market.  It’s still early–next year STEC may ship 200,000 to 300,000 drives, which is tiny compared to the 30 million hard disks that will be shipped–but the trend is under way. On August 31, editor Michael Cintolo wrote, “We’ve always said that the...

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