Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, July 10, 2009

Article Excerpt

AMAZON.COM INC., $77.63, symbol AMZN on Nasdaq, has cut the price of its Kindle 2 e-book reader by $60 U.S. The unit now sells for $299 U.S. (The Kindle is only available in the United States.) The company’s larger Kindle DX, which it plans to start shipping later this summer, is still $489 U.S. Kindle users can download files from Amazon’s Kindle store, which contains over 300,000 books. Most bestsellers and new releases are just $9.99 U.S. each. Users can also download leading U.S. and international magazines and newspapers, as well as over 1,200 blogs. Because of strong demand for the Kindle, Amazon has been able to negotiate better prices from manufacturers. The price cut should spur more sales and downloads. Amazon.com is a buy. RUBY TUESDAY INC., $7.12, symbol RT on New York, rose 10% this week after it reported profits that were higher than consensus expectations. In its fourth quarter, which ended June 2, 2009, Ruby Tuesday’s earnings per share rose 3.7%,…