Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, April 1, 2010

Article Excerpt

APPLE INC., $235.97, Nasdaq symbol AAPL, rose 2% this week on media reports that the company will soon launch a new version of its hugely popular iPhone. Aside from being thinner than the current iPhone, the new model will likely have more memory and a number of new features. Apple may also be developing an iPhone that runs on code division multiple access (CDMA) cellphone networks. Right now, the iPhone uses global system for mobile communications (GSM) technology. More cellphone providers use GSM than CDMA. However, some large U.S. carriers, including Verizon (see below) and T-Mobile, use CDMA networks. A CDMA iPhone would let Apple expand its market share by making the iPhone available to these carriers. Apple is a buy. VERIZON COMMUNICATIONS INC., $31.28, New York symbol VZ, gained 3% this week on the possibility that the company could soon sell the iPhone to its cellular customers. The combination of the iPhone and Verizon’s extensive mobile network would give the company an advantage…