Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, March 11, 2011

Article Excerpt

INTERNATIONAL BUSINESS MACHINES CORP., $162.43, New York symbol IBM, hit a new all-time high of $167.72 this week after the company confirmed its goal to double its earnings and add $20 billion to its annual sales of $100 billion by 2015. A big part of this growth will come from new technologies like “cloud computing” That’s where data and software are kept on one or more centralized servers. Users connect to these servers over the Internet through a variety of devices. IBM feels that cloud-computing services will generate annual revenue of $7 billion by 2015. The company’s strong reputation and new products will also help it expand in fast-growing markets, such as China, India and Brazil. By 2015, IBM feels these markets will supply 30% of its overall revenue. IBM is a buy. UNITED TECHNOLOGIES CORP., $81.28, New York symbol UTX, makes a variety of products for the aerospace and construction industries. Its main subsidiaries are Pratt & Whitney (jet engines), Hamilton Sundstrand (aircraft…

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