Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, April 13, 2007

Article Excerpt

ALCOA INC. $35.12, New York symbol AA, earned $0.79 a share in the first quarter of 2007, up 12.9% from $0.70 a year earlier. These figures exclude restructuring costs. Revenue rose 11.3%, to $7.9 billion from $7.1 billion, due to higher aluminum prices and sales of aerospace parts and building materials. The latest earnings exceeded earlier forecasts of $0.76 a share, and the stock gained 2%. Earnings should continue to improve as the company realizes more of the benefits from its recent restructurings. New projects in Iceland and Brazil should also help Alcoa take advantage of strong global demand for aluminum. Alcoa is a buy. SONY CORP. ADR’s $54.95, New York symbol SNE, has gained over 30% since it launched its PlayStation 3 video game machine last November. Although shortages of some components hurt availability during the Christmas season, Sony has increased production. The company also owns Columbia Pictures, and stands to gain from next month’s release of the third Spider-Man movie. A new…