NCR aims to build on your 40% gain

Article Excerpt

Demand for ATMs has suffered in the past few years as consumers increasingly pay for purchases with credit cards instead of cash. It’s a trend we’ve highlighted for our subscribers several times over the last year as we continue to apprise you of key overall market moves, but also those specific to individual industries. Even with the fall in demand for automated teller machines, our long-time recommendation NCR—a leading maker of those ATMs—has handed our investors a whopping 40% gain this year. That’s well above even the buoyant U.S. markets. We’re not surprised, nor should you be: As we’ve noted, NCR continues to successfully shift its focus to software and services and to lower its dependence on sales of those automated teller machines. Even after that 50% share price jump, we feel the stock has plenty of room to reward with as it keeps moving higher. NCR CORP., $34, is a buy. Through the stock (New York symbol NCR; Aggressive Growth Portfolio, Manufacturing &…