Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, June 4, 2010

Article Excerpt

APPLE INC., $255.97, Nasdaq symbol AAPL, has sold 2 million of its new iPad tablet computers since the beginning of April. At this rate, the company should sell many more iPads than the 6 million it was expected to sell in the first year. As well, Apple is now selling the iPad outside the U.S. That should further push up sales. The stock trades at 19.2 times the $13.30 a share that the company will probably earn in its current fiscal year, which ends September 30, 2010. That’s reasonable when you consider that rising iPad sales will lead to more downloads of music, movies and books from Apple’s iTunes web site. As well, Apple’s iPhone continues to improve its share of the increasingly competitive smartphone market. Apple is a buy. FORD MOTOR CO., $11.50, New York symbol F, will stop making vehicles under the Mercury brand by the end of this year. Ford launched Mercury in 1939 as an upscale alternative to its…