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  • Let’s Pick Some Stocks 0 comments
    Oct 19, 2010 11:11 AM | about stocks: GOOG, APOL
    This whole week I am going to pick two stocks each day. I will provide one bullish pick and one bearish one. Since there are two stocks, the analysis for each one will not be as complete, but will be sufficient for you to at least start your own research into the name.


    Bull Pick – Google (NASDAQ:GOOG)

    How about that quarter? The company obviously caught a lot of bears off guard judging by the $50 rise in after hours, and the surge above $600 on Friday. Specifically, Google earned $7.64 per share, almost a dollar ahead of the consensus estimate. Analysts were practically tripping over themselves in praise and more importantly in raising their estimates and target prices. Most of the analysts note the acceleration in revenues, their strength in core search, and their ability to blow away numbers despite adding 1500 employees.

    This report was crucial for many reasons. The stock had been stuck in the mud as its past two earnings reports were not the stellar ones that Wall Street had come to expect. As is the case with many growth stocks that fall out of favor, its price/earnings ratio contracted significantly. Well, guess what? It is about to go back up. I think this report will get all the institutions behind it as well as the momentum players that jumped ship.

    Continue reading:

    Stocks: GOOG, APOL
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