SHREVEPORT, La., Sept. 29, 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 Nortel, Altria Group Inc., Morgan Stanley and Maxim Integrated Products Inc.
STOCKPICKREPORT RATINGS:
Nortel (NYSE:NT) -- SELL http://www.stock-letter-daily.com/rating.asp?format=single&ticker=NT
Altria Group Inc. (NYSE:MO) -- STRONG BUY http://www.stock-letter-daily.com/rating.asp?format=single&ticker=MO
Morgan Stanley (NYSE:MWD) -- SELL http://www.stock-letter-daily.com/rating.asp?format=single&ticker=MWD
Maxim Integrated Products Inc. (Nasdaq:MXIM) -- SELL http://www.stock-letter-daily.com/rating.asp?format=single&ticker=MXIM
STOCK COMMENTARY:
Wednesday, September 29, 2004 StockPickReport Commentary "Not Yet -- Or, So We Think!"
The market pull back of the last week or so took a "took a breather" today (Tuesday). Probably a nice respite for many traders stuck in positions. But, we are not convinced the downturn is over. You gotta' be careful after a day like this. Everything looks so good after a close like we say today, doesn't it? Yet . . .
Oil prices still rocky. Gas prices at the pump still sky-high ($2 a gallon where we are!). Presidential debates this week. "Unrest" (how do you like that overused word?) in the Middle East. Well, you know the drill. We can give you all sorts of reasons, but the "bottom line" is that the "news" is just not real good right now.
And, oh yeah: The numbers don't add up just yet.
Technical indicators we follow do not suggest a move higher yet. There may be a pop to the upside short-term, but a "sustained" move higher looks a bit downstream. Hey, we hope we are wrong, but we are still more interested in capital preservation (as we have been for weeks), than riding stocks higher.
It's for this reason that we offer picks lately with very tight stop/losses.
Which brings me to a question we received the other day. A member wanted to know, "Why do you make stock picks at all if you think the overall trend in the market is down?" And, that, my friends, is a "million dollar" question.
We pick stocks in ANY market. That's what we do. We assume that we can find stocks which beat the market. That's whether the market goes up or down or sideways, or, whatever. But, HOW we suggest those stocks will vary given different market conditions.
If the market is dropping and we find a stock we like, we will normally suggest a stop/loss that is close to the recent closing price. If the stock drops with the market, the stop/loss is designed to preserve capital. Any time a stock gets near a target under those circumstances (weak surrounding market), we will, typically, argue for a profit-taking move.
If we think a market will rise, we suggest, of course stop/losses, but we are more liberal with our target suggestions. A "rising tide" that pulls stocks higher must be respected.
Since we cannot predict precise "tops" or "bottoms" for a market (or stock!), we do our best to find stocks we think will go up, and then allow the surrounding market conditions guide us to a potentially "winning" trade strategy.
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.
ABOUT STOCKPICKREPORT.COM:
StockPickReport.Com is a stock research firm. Their daily commentary is regular and distributed worldwide. They are Registered Investment Advisors. They do not accept third-party compensation to make stock suggestions.
THEIR DISCLAIMER:
"Our analysis is issued solely for informational purposes. We do not offer to sell or buy any stock. This report does not regard your specific investment objectives, financial situation or particular needs. Our information is based on sources we believe are reliable but are not guaranteed by us as being accurate. We do not purport to offer a complete statement or summary of the available data. 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."
"Strike Friday, Inc., or its owners, or employees, may own short or long positions in stock, or options on stock."
"SPR does NOT receive compensation for stock suggestions to our members (other than regular member fees). We do not get paid cash, stock, property (etc) to 'profile' a stock to our members. Our opinions are based on RESEARCH ALONE."
"SPR does NOT guarantee any stock will go up OR down. Information published by SPR or emailed to members is opinion, and opinion only. We believe our information is good, accurate, and helpful. Traders should (in our opinion) make 'buy' or 'sell' decisions based on variables including (but certainly not limited to!), experience, portfolio size, risk-tolerance, and current market conditions -- none of which we can determine."
StockPickReport also offers a proprietary stock-picking software suite. Interested investors should visit http://www.stock-letter-daily.com/software.htm for more details.
If the links to our ratings above do not work, please use these:
Nortel (NYSE:NT) -- SELL http://www.stockpickreport.com/rating.php?sym=NT
Altria Group Inc. (NYSE:MO) -- STRONG BUY http://www.stockpickreport.com/rating.php?sym=MO
Morgan Stanley (NYSE:MWD) -- SELL http://www.stockpickreport.com/rating.php?sym=MWD
Maxim Integrated Products Inc. (Nasdaq:MXIM) -- SELL http://www.stockpickreport.com/rating.php?sym=MXIM