Louis Navellier
Louis Navellier is one of Wall Street's renowned growth investors. Investing for over 28 years, he has earned a national reputation as a savvy stock picker and portfolio manager. The New York Times called him "an icon among growth stock investors."
3 Best Nasdaq Darlings, 3 Duds to SellAugust 7, 2009 By Louis Navellier, Editor, Blue Chip Growth |
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Leading off the heroes list is Amazon.com (AMZN). Don't be fooled into thinking that Amazon is only about books. Nowadays they sell just about everything that can be sold. The company has been a big help to budget-conscious consumers who have been squeezed by the recession.
The online bookseller recently reported Q2 earnings of 32 cents per share, which was a penny ahead of expectations. The shares are up an amazing 62% so far this year, and that's coming off a weak holiday season at the beginning of the year, so I expect a strong finish to 2009.
I rate Amazon an A, or strong buy.
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