Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, January 21, 2011

Article Excerpt

PLEASE NOTE: Next week, Wall Street Stock Forecaster, our newsletter that focuses on the U.S. stock markets, will reveal its #1 pick for 2011. If you’re not already a Wall Street Stock Forecaster subscriber, click here to learn how you can get one month — including the Wall Street Stock Forecaster Stock of the Year —FREE. AMAZON.COM INC., $177.42, symbol AMZN on Nasdaq, has agreed to pay $320 million for the 58% of privately held Lovefilm International Ltd. that it didn’t already own. Amazon.com took a minority stake in U.K.-based Lovefilm after it sold its DVD rental business in the U.K. and Germany to Lovefilm in 2008. Lovefilm rents movies, TV shows and videogames by mail. As well, customers with Internet-enabled TV sets and game consoles can view Lovefilm’s content online. Taking full control of Lovefilm will let Amazon compete with rivals like popular Internet movie service Netflix (New York symbol NFLX). Right now, Lovefilm has over 1.6 million subscribers in the U.K.,…