SHREVEPORT, La., May 30, 2003 (PRIMEZONE) -- StockPickReport.Com makes these short-term stock recommendations:
Northern Financial Corporation (TSX:NFC) StockPickReport.Com Rating: BUY http://canada.stockpickreport.com/pr/NFC.htm
NORTHERN FINANCIAL CORPORATION wholly owns Northern Securities, a full service Toronto-based investment bank which provides services to small market capitalization companies and which provides online trading and online public offering services.
Prices moved to higher ground for NFC during the last week. Next, the near-term bias for NFC's share volume looks like it's getting weaker. We feel that the stock could, more likely than not, take a reversal of bias in the short-term, in accordance with, a study of near-term stochastic figures. Our research indicates probable upside for NFC from current prices. NFC could see gains from here but those gains may not be striking on a percent basis compared to a stock with a Strong Buy rating.
For clarification on how we rate NFC a BUY, please visit: http://canada.stockpickreport.com/pr/NFC.htm
Toronto Dominion Bk Ont (TSX:TD) StockPickReport.Com Rating: SELL http://canada.stockpickreport.com/pr/TD.htm
THE TORONTO-DOMINION BANK provides personal and commercial banking, wealth management and corporate and investment banking services and products to individual and business customers in Canada and around the world.
The short-term trend appears to be losing momentum for the stock's daily volume. Short-term stochastics reflect levels commonly associated with a move lower. Subsequently, TD's end-of-day price climbed up over the last week or so. Our research indicates probable downside for TD from current prices. TD could see losses from here but those losses may not be striking on a percent basis.
For clarification on how we rate TD a SELL, please visit: http://canada.stockpickreport.com/pr/TD.htm
Research In Motion Ltd (TSX:RIM) StockPickReport.Com Rating: SELL http://canada.stockpickreport.com/pr/RIM.htm
RESEARCH IN MOTION LTD. is a designer, manufacturer and marketer of wireless solutions for the mobile communications market. Through development and integration of hardware, software and services, the Company provides solutions for access to information including email, messaging, Internet and intranet-based applications.
The stock's closing price moved higher over the last week or so. In addition, the short-term direction for the stock's daily volume looks like it's getting stronger. Short-term stochastics reflect levels commonly associated with a move lower. Our research indicates probable downside for RIM from current prices. RIM could see losses from here but those losses may not be striking on a percent basis.
For clarification on how we rate RIM a SELL, please visit: http://canada.stockpickreport.com/pr/RIM.htm
Bank of Montreal (TSX:BMO) StockPickReport.Com Rating: SELL http://canada.stockpickreport.com/pr/BMO.htm
BANK OF MONTREAL provides personal and commercial banking, wealth management and corporate and investment banking services and products to individual and business customers in Canada and around the world.
The near-term bias for BMO's volume is getting stronger. Short-term stochastics reflect levels commonly associated with a move lower. Finally, BMO's closing price fell downward over the last week. Our research indicates probable downside for BMO from current prices. BMO could see losses from here but those losses may not be striking on a percent basis.
For clarification on how we rate BMO a SELL, please visit: http://canada.stockpickreport.com/pr/BMO.htm.
CAE Inc. (TSX:CAE) StockPickReport.Com Rating: WEAK BUY http://canada.stockpickreport.com/pr/CAE.htm
CAE INC. provides simulation and controls equipment and integrated training solutions for customers in the civil aviation, military and marine markets.
The stock's price climbed higher for CAE in the last week. Likewise, the near-term trend for CAE's share volume looks like it's getting stronger. Cae investors that follow short-term oscillating stochastics might make note that the stock may be ready for a change of the current price action. Our research indicates possible upside from current prices for CAE. However, we do not advise the initiation of new long positions at these prices. Profit-taking may be ahead for CAE.
For clarification on how we rate CAE a WEAK BUY, please visit: http://canada.stockpickreport.com/pr/CAE.htm
WHAT THESE RATINGS MEAN:
StockPickReport.Com uses a series of technical indicators to find stock moves before they happen. We use a scale of -10 to +10 to describe our opinion about the potential strength of a stock's upcoming move. Here is a guide for how to read our ratings:
+10 to +5 - We believe that the stock has a greater than average chance +to move higher.
+4 to +1 - We believe the stock has a good chance to move higher,+although the move may not be strong or long-lived. Many times+divergent indicators lead to a rating in this category.
-1 to -4 - We believe the stock has a good chance to move lower,although the move may not be strong or long-lived. Many timesdivergent indicators lead to a rating in this category.
-5 to -10 - We believe that the stock has a greater than averagechance to move lower.
ABOUT StockPickReport.Com:
StockPickReport.Com is a stock research firm. Our daily commentary has regular, worldwide distribution. We are Registered Investment Advisors. We do not accept third-party compensation to make stock suggestions. We do not own shares of any stock we rate.
Investors are advised that this analysis is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy. This report does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. The information contained herein is based on sources that we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Past performance is no guarantee of future results. Any opinions expressed herein are statements of our judgment as of the date of publication and are subject to change without notice. Reproduction without written permission is prohibited.