Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, October 17, 2008

Article Excerpt

The Dow’s 11.1% gain on Monday was the fifth-biggest percentage gain on record. Markets remain volatile and have moved down since, but my view is that governments around the world are now taking the kind of steps that will contain the crisis and eventually restore liquidity in the banking system. You can only spot market reversals in hindsight, so it’s too early to declare if we are near a bottom. But even if we are, markets are apt to remain volatile and some stocks are bound to go to lower lows. We recommend that you continue to hold on to good-quality stocks, and that you spread your investments out across the five main economic sectors. J.P. MORGAN CHASE & CO. $39.33, New York symbol JPM, earned $527 million in the three months ended September 30, 2008, down 84.4% from $3.4 billion a year earlier. Earnings per share fell 88.7%, to $0.11 from $0.97. Most of the drop was due to an extra $2.0…