Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, July 25, 2008

Article Excerpt

AMAZON.COM, $78.31, symbol AMZN on Nasdaq, jumped almost $8 this week after the company reported strong revenues and profits in the three months ended June 30, 2008. Revenues rose 40.8% in the latest quarter, to $4.1 billion from $2.9 billion a year earlier. Excluding the favorable impact of foreign currency gains, revenues were up 35%. International sales from Amazon’s UK, German, Japanese, French and Chinese sites rose 47%, or 34% before foreign exchange gains. Earnings rose 202.3%, to $158 million or $0.38 a share, from $78 million or $0.19 a share. The latest quarter included a gain of $53 million on the sale of the company’s European DVD rental assets. The improved results came despite slowing economies and lower overall consumer confidence. Amazon continues to win market share by aggressively lowering prices and offering free shipping. It’s also offering new product lines, including digital book downloads for its Kindle reader. Amazon.com is still a buy. DOMINO’S PIZZA, $12.98, symbol DPZ on New…