Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, January 18, 2013

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 2013. NISSAN MOTOR CO., $19.70, symbol NSANY on Nasdaq, stands to gain as the value of the Japanese yen continues to fall. The Bank of Japan, under pressure from the country’s new prime minister, Shinzo Abe, has pumped more money into Japan’s sluggish economy. These moves have weakened the yen by more than 14% against the dollar since the beginning of October 2012. The lower yen is a big plus for Japan’s manufacturers because it makes the country’s exports more attractive to foreign buyers. It also raises the value of the foreign currency that Japanese companies’ international operations earn. A decline of just one yen against the U.S. dollar, or just over 1%, pushes Nissan’s operating profit up by $227 million over the course of a year. That’s a 3.1% increase. If the yen stays where it is now,…