Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, November 7, 2008

Article Excerpt

As I’ve said several times in the past few weeks, you can only spot a market bottom (a reversal in a falling trend in stock prices) in hindsight. Then too, a market can hit bottom, put on a healthy bounce, then go back down to the bottom once again before going on to a lasting rise. But I do feel that a lot of the risk of further decline is now out of the market. My view is that stocks are likely to move substantially higher in the next 6 months to a year, if not sooner. VERIZON COMMUNICATIONS INC. $30.05, New York symbol VZ, owns 55% of Verizon Wireless, a joint venture with UK-based Vodafone. Verizon Wireless has now received most of the regulatory approvals it needs for its acquisition of privately held Alltel Corp., which provides wireless services to 13 million customers in mainly rural areas of 34 U.S. states. Regulators imposed several conditions on the takeover, including exiting certain…