...04:11 PM EST, 11/23/2015 (MT Newswires) -- By the end of this decade, four companies are forecast to double their earnings, according to an article in Barron's. The article's author, Jack Hough, expects Alphabet (GOOGL), Celgene ( CELG ) , Charles Schwab ( SCHW .) and Electronic Arts ( EA ) to experience 20% growth or more over the next year "as their prospects become clearer to investors."
Alphabet's growth prospects are closely aligned with the ongoing shift to online spending and advertising. In addition, YouTube could generate as much as $6 billion in revenue this year, rivaling Netflix's expected $6.8 billion in revenue. Shares of Alphabet closed on Monday nearly unchanged at $776.70.
Celgene is forecasting $21 billion in product revenue by 2020 with the extra revenue making more efficient use of Celgene's ( CELG ) spending on marketing and research. Analysts expect Celgene ( CELG ) earnings of $11.28 by 2019, 2 1/2 times earnings for the company's last four quarters. Celgene ( CELG) close at $113.60, fractionally higher with a 52-week range of $92.98 to $140.72.
Wells Fargo is coming out soon with a preferred class. Hasn't yet debuted. I'm waiting for it. WFCPRV will be the ticket.
Analysts are playing so many games with this one. I've seen analyst upgrade one day only to turnaround and downgrade a day or two later. Seem to be churning the stock more than usual imo.
Cook says over and over that growth is still in its infancy in China. Maybe not so much in U.S. Perhaps this is where the slower growth in iphones is being seen, however, we keep hearing that the upgrades of the phones has yet to begin. Who to believe?
Apple, Nike, and the like. Not buying cheap stuff.
i hope everyone took advantage!
Duh! How many times have we heard this bogus story before?