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Mid to Long Term View - how well can this stock perform
Zxargon - Fri, 27 Dec 02 :
Again ... from Bloomberg.co.uk
American International Group, and Johnson & Johnson
Business Editors
CHICAGO--(BUSINESS WIRE)--Dec. 27, 2002--Now that the dotcom frenzy has been shaken down, Paul Tracy thinks that it may be a good time to re-visit the struggling space. Find those companies that are `built to last' and get a couple of stocks on this Pro's watchlist in today's Featured Expert. Read his takes on Amazon.com (NASDAQ:AMZN), eBAY (NASDAQ:EBAY), American International Group (NYSE:AIG) and Johnson & Johnson (NYSE:JNJ). Click here for the full story exclusively on Zacks.com:
Here are the highlights from the Featured Expert column:
Amazon.com (NASDAQ:AMZN) - Overall online sales are still booming (up 29% so far this year), and Amazon has positioned itself as the undisputed leader in the Internet retailing space. This online superstore sells everything from books to electronics, and after years of struggling with high start-up costs, sales volumes have picked up and the firm has finally managed to swing to profitability. Tracy is confident that the firm will remain a long-term winner in the retailing space, but thinks the stock is likely to suffer from a post-holiday hangover
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