Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, November 7, 2008

Article Excerpt

As I’ve said several times in the past few weeks, you can only spot a market bottom (a reversal in a falling trend in stock prices) in hindsight. Then too, a market can hit bottom, put on a healthy bounce, then go back down to the bottom once again before going on to a lasting rise. But I do feel that a lot of the risk of further decline is now out of the market. My view is that stocks are likely to move substantially higher in the next 6 months to a year, if not sooner. GOODYEAR TIRE & RUBBER CO., $7.14, symbol GT on New York, jumped earlier this week after it reported profits in the latest quarter that exceeded consensus expectations. However, the shares have since moved lower. Earnings excluding one-time items fell 43.4%, to $0.43 a share from $0.76 a share in the three months ended September 30, 2008. However, that beat the consensus expectations of $0.33…