Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, February 24, 2012

Article Excerpt

INTERNATIONAL BUSINESS MACHINES CORP., $197.76, New York symbol IBM, is now developing software that helps prevent online data theft. The company’s analytics software already helps businesses and governments quickly gather and analyze a wide range of data. This technology is used in many ways, from easing traffic congestion in cities to making power grids more efficient. This week, IBM demonstrated software that can detect and prevent unauthorized access to databases by analyzing certain patterns, such as failed login attempts. This product could be in huge demand, particularly in light of recent high-profile attacks on U.S. government websites. IBM’s shares also hit a new all-time high of $199.23 this week before moving down to their current level. Even with the pullback, the shares still trade at just 13.3 times the $14.88 a share that IBM will probably earn in 2012. IBM is our #1 buy for 2012. IBM was recently covered in the February 2012 issue of Wall Street Stock Forecaster. Click here to access it. IBM…