Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, December 9, 2011

Article Excerpt

INTERNATIONAL BUSINESS MACHINES CORP., $194.56, New York symbol IBM, continues to expand its software business. This week, it agreed to buy DemandTec Inc. (Nasdaq symbol DMAN), which makes software that retailers and makers of consumer products use to analyze their customers’ spending habits. This information helps them predict consumer behaviour and quickly adjust their prices. Adding DemandTec will also enhance IBM’s expertise in fast-growing area of cloud computing. IBM will pay $440 million for DemandTec when the sale closes in the first quarter of 2012. The company earned $3.8 billion, or $3.19 a share, in the three months ended September 30, 2011, so it can easily afford this purchase. IBM is a buy. IBM was recently covered in the October 2011 issue of Wall Street Stock Forecaster. Click here to access it. IBM was recently covered in Wall Street Stock Forecaster Hotline for November 18, 2011. Click here to access it. INVACARE CORP., $16.00, New York symbol IVC, makes wheelchairs, motorized scooters and other mobility…

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