Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, November 2, 2007

Article Excerpt

VERIZON COMMUNICATIONS INC. $44.38, New York symbol VZ, is starting to enjoy the benefits of its massive FiOS (Fiber-Optic Service) project, which will eventually replace the copper wires in its network with fiber optic cable lines all the way to its customers’ homes. This lets Verizon offer customers a wider variety of services, such as digital TV, and helps it compete with cable companies. Thanks to strong demand for FiOS and wireless services, Verizon’s third quarter earnings before unusual items rose 14.5%, to $0.63 a share from $0.55 a year earlier. Revenue grew 5.8%, to $23.8 billion from $22.5 billion. Besides the improving earnings, the stock moved up this week on speculation that 55%-owned Verizon Wireless plans to launch a new mobile phone that uses software from Internet search company Google Inc. That would help Verizon expand revenues from the wireless advertising market, which is still in its infancy. It would also help it compete with Apple’s iPhone. Verizon is a buy. IDEXX…