Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, December 19, 2008

Article Excerpt

WACHOVIA CORP. $5.66, New York symbol WB, has settled a class-action lawsuit that aimed to block its upcoming takeover by WELLS FARGO & CO. $29.36, New York symbol WFC. The settlement of this lawsuit increases the likelihood that the takeover will proceed as planned. Wachovia stockholders will vote on the deal on December 23, 2008. If approved, they will receive 0.1991 of a Wells Fargo common share for each Wachovia share they currently hold. Wachovia investors should tender their shares to the Wells Fargo offer. Wells Fargo is a buy. APPLE INC. $90.00, Nasdaq symbol AAPL, moved down this week after the company announced that it will no longer participate in the annual Macworld trade show after the next one in January, 2009. As well, founder and CEO Steve Jobs will skip the event. The company has launched several highly successful products since Jobs returned to the company several years ago, and concerns over his health add to Apple’s volatility. However, the importance…