Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, January 4, 2008

Article Excerpt

INTEL CORP. $22.67, Nasdaq symbol INTC, fell 15% this week on fears that rising loan writedowns at major banks would hurt sales of new computers. Banks are large buyers of computer technology. A slowing economy could also hurt new computer demand at other big corporations. However, Intel’s recent restructuring will help it stay profitable even if sales weaken. The launch of new, faster chips in the second half of 2008 should also expand its lead over rival chipmaker Advanced Micro Devices, particularly in the corporate server segment. Intel is a buy. NEWMONT MINING CORP. $52.42, New York symbol NEM, gained $4 this week as gold surged to a new record of $869.05 an ounce, surpassing the old peak of $850 reached in 1980. The company recently unwound its remaining gold hedges — amounts of future production sold forward at fixed prices. A large hedge position adds to profits when gold prices drop, but limits profits when prices rise. So eliminating these hedges…