Xerox business plan had to duplicate
S&P 100 stock Xerox Corporation (XRX) is The Document Company and a leader in the global document market, providing document solutions that enhance business productivity. The Company has expertise in the production and management of documents: color and black-and-white, digital and paper, across networks or on a desktop, in a commercial print facility or a quick-print shop, for the small office or the global enterprise.
Contributions for the ACS acquisition and the R&D activity from the Fuji-Xerox division position this stock to take care of synergies both presently and in the future. There is great promise in the development of the
i Gen 4 high speed publishing capabilities.
Wall Street has 6 buy and 4 hold recommendations published for their brokers to push to clients. The buys are based on estimated sales increase of 42.30% this year and 6.10% next year. Increases in earnings are projected to be 53.30% this year and 16.60% next year.
Investors have noticed these recommendations and the stock had 14 new highs in the last 20 session for a 22.09% increase last month. Barchart has a 100% technical buy signal and the stock trades around 11.08 well above its 50 day moving average of 9.62. The stocks upward momentum gives it a rising 62.21% 14 day Relative Strength Index.
The general investors are positive on this issue with the CAPS members on Motley Fool voting 385 to 66 that the stock will beat the market with the All Stars in agreement 108 to 14. Fool notes that all of the last 12 Wall Street columnists articles have been positive.
The issue looks good with:
1 - 100% Barchart buy signal
2 - 14 new highs in 20 sessions
3 - Wall Street buy recommendations based on increases in sales and earnings
4 - Wide and positive general investor interest
Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com
Disclosure: Jim Van Meerten does not have an interest in this stock.