SHREVEPORT, La., Sept. 15, 2004 (PRIMEZONE) -- Stock-Letter-Daily.Com (http://www.stock-letter-daily.com - an affiliate site of StockPickReport, the web's only non-mainstream stock rating service), rates Tyco, Hewlett Packard, Rite Aid, and Coca-Cola
STOCKPICKREPORT RATINGS:
Tyco (NYSE:TYC) -- "Sell" http://www.stock-letter-daily.com/rating.asp?format=single&ticker=tyc
Hewlett Packard (NYSE:HPQ) -- "Buy" http://www.stock-letter-daily.com/rating.asp?format=single&ticker=hpq
Rite Aid (NYSE:RAD) -- "Sell" http://www.stock-letter-daily.com/rating.asp?format=single&ticker=rad
Coca-Cola (NYSE:KO) -- "Sell" http://www.stock-letter-daily.com/rating.asp?format=single&ticker=ko
STOCK COMMENTARY:
Oracle (a company in the headlines this week) surprised some analysts by beating earnings after the bell, Tuesday. The news is a surprise to many, even so not a very big surprise. Evidently not large enough for many pundits. The talk among hedge fund managers is that Oracle really demanded a more remarkable upside surprise. Shareholders are concerned, as well, with respect to the 36% decrease in sales.
Stocks traded higher by a modest margin Tuesday. Not a great deal news to drive the broad markets higher. Of course, presidential election concerns did not help matters. Investors we talked with mentioned presidential election concerns as one reason they are not buying, thus far.
Our researchers continue to think that the market unease recently shall eventually lead to a correction. A chief market analyst anticipates a pull back in all major sectors. But, StockPickReport analysts also believe the following drop off will offer buying opportunities for patient traders.
For More Commentary Go Here: http://www.stock-letter-daily.com/index.htm
WHAT THESE RATINGS MEAN:
StockPickReport.Com ranks stocks with technical analysis. These ratings do not indicate a "long term" view. These ratings reflect an opinion for the short term. These ratings may change based on market conditions.
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If the links to our ratings above do not work, please use these:
Tyco (NYSE:TYC) - "Sell" http://www.stockpickreport.com/rating.php?sym=tyc Hewlett Packard (NYSE:HPQ) - "Buy" http://www.stockpickreport.com/rating.php?sym=hpq Rite Aid (NYSE:RAD) - "Sell" http://www.stockpickreport.com/rating.php?sym=rad Coca-Cola (NYSE:KO) - "Sell" http://www.stockpickreport.com/rating.php?sym=ko