SHREVEPORT, La., May 30, 2003 (PRIMEZONE) -- StockPickReport.Com makes these short-term stock recommendations:
Nortel Networks Corp New (TSE:NT) StockPickReport.Com Rating: WEAK BUY http://canada.stockpickreport.com/pr/NT.htm
NORTEL NETWORKS CORPORATION supplies its service provider and enterprise customers with communications technology and infrastructure to enable value-added IP data, voice and multimedia services spanning Wireless Networks, Wireline Networks, Enterprise Networks
The stock's price moved to higher territory in the last week. Trading volume is getting weaker. We are of the opinion that nt might trend as implied by its near-term stochastic number, then, make a reversal of the prevailing price action soon. Our research indicates possible upside from current prices for NT. However, we do not advise the initiation of new long positions at these prices. Profit-taking may be ahead for NT.
For clarification on how we rate NT a WEAK BUY, please visit: http://canada.stockpickreport.com/pr/NT.htm
Methanex Corp (TSE:MX) StockPickReport.Com Rating: SELL http://canada.stockpickreport.com/pr/MX.htm
METHANEX CORPORATION is engaged in the production and marketing of methanol.
Short-term stochastics reflect levels commonly associated with a move lower. Likewise, the stock's price trended to higher ground recently. Finally, the short-term bias for the stock's volume looks like it's slowing down. Our research indicates probable downside for MX from current prices. MX could see losses from here but those losses may not be striking on a percent basis.
For clarification on how we rate MX a SELL, please visit: http://canada.stockpickreport.com/pr/MX.htm
DOMTAR INC (TSE:DTC) StockPickReport.Com Rating: STRONG BUY http://canada.stockpickreport.com/pr/DTC.htm
DOMTAR INC. is primarily a producer of uncoated freesheet paper. The company also manufactures business papers, printing and publishing papers, and specialty and technical papers. Domtar manages 22 million acres of forest land in Canada and the United States, and produces lumber and other wood products.
Volume looks like it's on the rise. Technical reading of dtc's oscillating stochastic figure leads our researchers to believe that a push above current prices is close at hand. Subsequently, DTC's price moved higher recently. Our research indicates significant upside ahead for DTC. We believe targets should be lifted to allow for strong percent gains from current levels.
For clarification on how we rate DTC a STRONG BUY, please visit: http://canada.stockpickreport.com/pr/DTC.htm
Manulife Finl Corp (TSE:MFC) StockPickReport.Com Rating: STRONG BUY http://canada.stockpickreport.com/pr/MFC.htm
MANULIFE FINANCIAL CORPORATION is a financial services company. Manulife Financial offers clients a diverse range of financial protection products and wealth management services.
Our researchers anticipate the stock should move sharply higher in accordance with MFC's current short-term stochastic indicator. And, MFC's closing price edged to lower ground over the last week or so. The short-term bias for the stock's volume appears to be on the rise. Our research indicates significant upside ahead for MFC. We believe targets should be lifted to allow for strong percent gains from current levels.
For clarification on how we rate MFC a STRONG BUY, please visit: http://canada.stockpickreport.com/pr/MFC.htm
AGNICO EAGLE MINES LTD (TSE:AGE) StockPickReport.Com Rating: STRONG SELL http://canada.stockpickreport.com/pr/AGE.htm
AGNICO-EAGLE MINES LTD. is a gold producing company & is involved in the acquisition, exploration and development of precious metal properties. The company's operations are located principally in Northwestern Quebec, with exploration and development activities in Quebec and Ontario.
AGE traders should note that AGE's closing price trended up over the last week or so. The recent bias for age's share volume looks like it's losing momentum. Finally, technical reading on the stock's oscillating stochastic chart causes our analysts to predict a move to lower ground. Our research indicates significant downside ahead for AGE. We believe stop/losses should be raised in an attempt to preserve capital.
For clarification on how we rate AGE a STRONG SELL, please visit: http://canada.stockpickreport.com/pr/AGE.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 times divergent indicators lead to a rating in this category.
-5 to -10 - We believe that the stock has a greater than average chance 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.