Keshav Agrawal is a CPA with a background in accounting and finance. He has more than 10 years of experience in trading stocks and derivatives for his personal account. Keshav
believes that the market always offers opportunities. He follows various industries and companies depending on current domestic and international market conditions. He also owns suitable ETFs and ETNs to take advantage of the current market situation and fluctuation in commodity prices.
Keshav manages Covestor’s Commodity ETF Plus model, which
looks for a combination of value, technical, growth, and long term equity investment opportunities.
Current top positions include the Direxion Daily Semi Bull 3x ETF (NYSE: SOXL), Best Buy (NYSE: BBY) and DB Gold Double Short ETN (NYSE: DZZ). On March 30, Keshav added Rackspace Hosting (NYSE: RAX), which operates in the hosting and cloud computing industry.
Paolo Gorgo recently wrote on Seeking Alpha about RAX:
On Wednesday, Dell (DELL), Equinix (EQIX), and Rackspace (RAX) announced that they joined forces to offer an OpenStack demonstration and test environment to customers who will then enjoy the ability to move cloud assets between data centers in different regions. This represents the first implementation of geographically dispersed data centers running OpenStack.
The OpenStack cloud operating system is an open-source platform that provides computers and storage. It was born thanks to a co-development by Rackspace and NASA, and is now supported by a broad number of big names, including Intel (INTC), AMD (AMD), Microsoft (MSFT) and Citrix (CTXS).
There are many advantages to having a standardized platform, among them zero licensing cost and the capacity to build API-compatible clouds, which means portability, as the code you write for one OpenStack can be easily deployed into another.
Here’s how RAX has performed over the past year, via Google Finance:
Sources:
“Rackspace and Equinix Get Boost From Cloud Computing Partnership” Paolo Gorgo. Seeking Alpha, 3/31. https://seekingalpha.com/article/261111-rackspace-and-equinix-get-boost-from-cloud-computing-partnership
