April 5, 2005
SpeculatingStocks.com Stock Pick: CMGI Inc. (CMGI)
Stock Price: $1.92 (short-term strong buy)
CMGI, Inc. provides global supply chain management services and marketing distribution solutions that help businesses market, sell and distribute their products and services. The company recently completed the acquisition of Modus Media, Inc.
On March 14th, CMGI reported a quarterly profit of $7.2 million up from a loss of $5.4 million for the same period last year. Revenue rose to $295.7 million from $100.3 million.
CMGI is a good stock to trade the ups and downs. It has been very volatile as of late on heavy volume.
SpeculatingStocks.com Target Price: We expect CMGI to run to $3.00 within the next 1-2 months.