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Filed under: Apple Inc (AAPL)

Apple Inc. (NASDAQ: AAPL) stock is down 54% from its December 2007 high of $200 a share. We know the economy is in rough shape and consumers are cutting back. But by one measure, Apple stock is a bargain. Should you buy it?

Apple trades at a Price/Earnings to Growth (PEG) ratio of 0.75 (based on a P/E of 17.7 on earnings growth of 23.7% to $6.52 in FYE ending September 2010). A PEG value less than one is considered an attractive price. So it looks cheap to me -- but only if you believe that earnings forecast. And economic woes mean it's likely that the numbers wi

Filed under: Stocks to Buy, Obama Picks

Now that Senator Obama is President-elect Obama, what will he do with the economy and how can you profit from it? One way is to look for stocks that will benefit from a part of his proposed economic stimulus plan -- the creation of a National Infrastructure Reinvestment Bank that would spend $60 billion over 10 years on roads, bridges, ports, airports and rail lines.

One company that could benefit from this investment would be Jacobs Engineering (NYSE: JEC), which engineers municipal infrastructure. The stock is down 57% in the last year due to concern

Filed under: Analyst reports, Analyst upgrades and downgrades, Analyst initiations

Analyst upgrades:

• Wachovia upgraded shares of Exelon (NYSE: EXC) to Outperform from Market Perform to reflect the company's attractive nuclear fleets and strong operational track record.
  
• Jesup & Lamont upgraded Ormat Technologies Inc. (NYSE: ORA) to Buy from Hold on valuation and increasing visibility on near-term Products revenue.
  
• RBC Capital upgraded Memc Electronic (NYSE: WFR) to Outperform from Sector Perform on expectations of improved demand growth following the likely eight-year extension of