Herb on The Street: EMC

Oftentimes an acquisition sends shares tumbling but a recent deal involving EMC had quite the opposite effect.

Shares surged on news it was buying a private firm specializing in data warehousing.

Separately, an Oppenheimer analyst upgraded EMC, saying the data storage specialist is set to deliver strong second-quarter results and has good momentum going into the third quarter.

Ittai Kidron, who raised his rating to "Outperform" from "Perform," said he thinks EMC's broad product portfolio and scale will help it deliver "solid growth" and better withstand another potential economic slowdown.

"Storage remains a top (technology) spending priority, and we believe EMC is well positioned in this area," Kidron wrote in a note to investors Tuesday. He set a target price of $22.

What else must you know about these developments? Find out from CNBC senior stocks commentator Herb Greenberg. Watch the video now!

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