Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, June 3, 2011

Article Excerpt

APPLE INC., $343.44, Nasdaq symbol AAPL, rose 3% this week after the company said it will soon launch a new online service called iCloud. This service will let users store their music, videos and other files in an “online locker” that they can access over the Internet using Apple devices, including iPod music players, iPhone smartphones, iPad tablet computers, and Mac desktop and laptop computers. Apple will probably charge a fee for iCloud, even though other companies offer similar online storage services for free. However, the company has a loyal customer base, and users will be able to transfer music and movies they buy from Apple’s iTunes online store to the iCloud. These strengths should help the company attract enough customers to make this service profitable. Apple is a hold. INTEL CORP., $21.73, Nasdaq symbol INTC, is teaming up with several computer makers to develop a new type of laptop computer that Intel calls an “Ultrabook.” Ultrabooks will be less than an inch thick, will…