SHREVEPORT, La., Oct. 12, 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, ADC Telecommunications Inc, Wal Mart,
STOCKPICKREPORT RATINGS:
Nortel (NYSE:NT) -- BUY
http://www.stock-letter-daily.com/rating.asp?format=single&ticker=NT
ADC Telecommunications Inc (Nasdaq:ADCT) -- SELL
http://www.stock-letter-daily.com/rating.asp?format=single&ticker=ADCT
Wal Mart (NYSE:WMT) -- SELL
http://www.stock-letter-daily.com/rating.asp?format=single&ticker=WMT
Google (AMEX:GOOG) - STRONG SELL
http://www.stock-letter-daily.com/rating.asp?format=single&ticker=GOOG
STOCK COMMENTARY:
Tuesday, October 12, 2004
StockPickReport Commentary
"Something's Buggin' Us"
Do you remember what it was like back in 1999? You know when internet companies were trading up, literally, every day? Remember the times when AOL had a larger market cap than, oh, how about Delta Airlines or Coke?
Well, we all KNEW that was ridiculous, right? Come on, admit it. You may have been happy that your stocks were climbing, but the truth is that you knew valuations were insane.
The same sort of thing is going on now, we think. Now, yeah, we want the markets to go up. We want everyone to make money. Yes, we want to be "bullish" all the time, too. But, here's what we don't get:
How is it that oil prices continue to climb, the US economy is in the largest deficit-spending situation in our lifetime, and, yep, tech-company valuations are back up again, but the market doesn't sell off?
Now, before you say that the market sold off all year long, realize that the S&P is only down about 3% from the year highs back in January and February.
Only 2.7%!
If someone told you oil prices would be over $50 a barrel, deficit-spending would be as out-of-control as it is now, and that, in general, the economy was no better now than a year ago, would you think stocks would be only down 3%?
Not us, either.
That's what's buggin' us. We want to be bullish, and we think there are certainly stocks with upside, but we are curious as to why the markets have held up so well.
One theory (we think could be valid) is that the market was so beat down over the previous 3 years that there's not much more downside -- regardless of outside factors. That would explain the tepid downfall from the year highs.
What's your opinion? What do you think has held the markets up so well, all things considered?
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) -- BUY http://www.stockpickreport.com/rating.php?sym=NT ADC Telecommunications Inc (NASDAQ:ADCT) -- SELL http://www.stockpickreport.com/rating.php?sym=ADCT Wal Mart (NYSE:WMT) -- SELL http://www.stockpickreport.com/rating.php?sym=WMT Google (AMEX:GOOG) - STRONG SELL http://www.stockpickreport.com/rating.php?sym=