Navellier has recently been sending around an email recommending Google, but that’s not much of a tease if he’s going to just go ahead and tell us to buy it. As a bonus, he gives hints about four of the stocks that are on his “top ten” list to buy now for Blue Chip Growth, which I guess is his flagship newsletter.
So what are they? I’ll cover them separately because I’m short on time. Today, we have …
“If there is just one of my profit plays that you should add to your holdings, this should be it. Why? Because this company is destined to profit from one of the most powerful global trends I’ve seen in years. “
That would be the broadband boom — and Navellier thinks most Americans don’t realize we’re in a global broadband boom. Those would have to be some uninformed Americans, but I know a few of those so perhaps he’s correct.
“As you’ll learn in your report, our top recommendation is not only the fourth-largest phone company in the U.S. with tons of room to grow, but it also spans the globe with its high-capacity broadband fiber-optic network. “
He also mentions that UBS, Stifel Nicolaus, and CIBC have all upgraded their ratings on this one.
So … not a lot of clues, but they’re good ones: This company is undoubtedly ….
Qwest Communications (Q)
I think Cramer has been hootin’ and hollerin’ about this one of late, too — those brokerage firms all upgraded it since last Fall, and it’s pretty cheap so maybe there’s something there. I’m a little wary of all the cutthroat competition in this business, but they do have a global presence and their forward PE is only about 14.
The CEO quit today following a few other high-level retirements and departures, which appears to be the main reason that the stock was in free fall for a while. I have no idea why he quit, other than that he “wants to spend more time with his family” … but it sure looks like the stock market liked him … or, at least, dislikes his future absence. Folks are speculating that these departures might mean something big like an acquisition or takeover is on the way, with the best guess probably being that they’ll spend a lot of money acquiring someone. I suppose this drop of 8% or so today on this news could be a buying opportunity if you buy Navellier’s thesis and assume that the CEO thing is no big deal … your call, of course.
If you want to hold Navellier accountable for this recco, he said that “you better hurry … Once this company’s next earnings report comes in, you’re going to see its stock price take off. Get in now you before the rest of the world catches on to this trend and you could easily double your money in 2007.”