Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, January 18, 2013

Article Excerpt

PLEASE NOTE: In next week’s Wall Street Stock Forecaster Hotline, we’ll reveal our #1 U.S. stock pick for 2013. BOEING CO., $75.04, New York symbol BA, fell slightly this week after one of its new 787 Dreamliner passenger planes had to make an emergency landing in Japan. That prompted the Federal Aviation Administration (FAA) and air-travel regulators in other countries to ground all 787s. The 787 uses advanced rechargeable lithium-ion batteries to power its electrical systems. These batteries could be overheating, which increases the risk of a fire. Boeing and FAA experts are studying the problem. That should help the company correct any manufacturing issues. Redesigning these battery systems could force Boeing to slow production of the 787. However, these incidents are unlikely to prompt airlines to cancel their orders. As of December 31, 2012, Boeing had orders for 799 Dreamliners worth over $165 billion. That’s equal to 2.1 times the company’s annual revenue of about $80 billion. Boeing is still a buy for…