Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, April 1, 2011

Article Excerpt

PLEASE NOTE: Our next Hotline will go out on Thursday, April 7, 2011. EBAY INC., $31.36, Nasdaq symbol EBAY, is buying GSI Commerce Inc. (Nasdaq symbol GSIC) which sells e-commerce services to over 500 businesses. GSI’s customers include major retailers, such as Toys R Us and Aeropostale, consumer-electronics makers, including Hewlett-Packard, and professional-sports leagues, such as the National Football League. GSI helps these clients process and fulfill online orders, and increase their online sales. Right now, the bulk of the sellers on eBay’s auction web sites are individuals and small retailers. Many of them would likely let GSI process and fulfill their orders. As well, GSI’s strong reputation should help eBay attract larger merchants, and better compete with online retailer Amazon.com Inc. (Note: Amazon.com is a recommendation of Stock Pickers Digest, our newsletter that focuses on aggressive investing). Moreover, eBay will have an opportunity to sell its PayPal online payment services to GSI’s clients. eBay is paying $2.4 billion for GSI. That’s 4.4%…