SHREVEPORT, La., Sept. 2, 2004 (PRIMEZONE) -- StockPickReport, the web's only non-mainstream stock rating service, rates Wal-Mart Stores (NYSE:WMT), Home Depot (NYSE:HD), Ebay (Nasdaq:EBAY), and Bank Of America (NYSE:BAC)
STOCKPICKREPORT RATINGS:
Wal-Mart Stores (NYSE:WMT) -- "Sell" http://www.stockpickreport.com/rating.php?sym=wmt
Home Depot (NYSE:HD) -- "Buy" http://www.stockpickreport.com/rating.php?sym=hd
Ebay (Nasdaq:EBAY) -- "Weak Buy" http://www.stockpickreport.com/rating.php?sym=ebay
Bank Of America (NYSE:BAC) -- "Sell" http://www.stockpickreport.com/rating.php?sym=bac
STOCKPICKREPORT COMMENTARY:
"The Google (Nasdaq:GOOG) IPO recently sparked renewed attention on 'net stocks," said Don Harrold, StockPickReport Co-Founder.
"Investors, daytraders, and stock traders can easily recall the halycon days of 1998 through 2000, where stock trading was dominated by internet stocks," added Mr. Harrold.
"But, this current wave of internet stock interest is different. Gone are the 'little guys' (Perfumia, anyone?), replaced by corporate behemoths like Ebay (Nasdaq:EBAY), clearly, the web-equal to a real-world retailer like, Wal-Mart (NYSE:WMT)," asserted Mr.Harrold.
"But, investors need to beware now, more than ever. It's not time to 'fall in love' with internet stocks right now. Daytraders, stock investors, and those who even do a cursory amount of stock research should look past glitzy headlines and look deeper into a company's fundamental, and more importantly, technical indicators," said Mr. Harrold.
"A love-affair can be sweet, bitter-sweet, or poisonous. Stock trading is no different, and investing in stocks, especially internet stocks could be more of the latter than the former. We see so many opportunities on the horizon, but they don't all revolve around the internet," concludes Mr. Harrold.
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