SHREVEPORT, La., Dec. 9, 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 JDS Uniphase, Altria Group Inc., eBay, Schwab Charles Corp.
STOCKPICKREPORT RATINGS:
JDS Uniphase (Nasdaq:JDSU) - SELL
http://www.stock-letter-daily.com/rating.asp?format=single&ticker=JDSU
Altria Group Inc (NYSE:MO) - SELL
http://www.stock-letter-daily.com/rating.asp?format=single&ticker=MO
eBay (Nasdaq:EBAY) - STRONG SELL
http://www.stock-letter-daily.com/rating.asp?format=single&ticker=EBAY
Schwab Charles Corp (NYSE:SCH) - SELL
http://www.stock-letter-daily.com/rating.asp?format=single&ticker=SCH
STOCK COMMENTARY
Thursday, December 9, 2004 StockPickReport Commentary Oil, Gold, and the U.S. Dollar
Today there was an interesting confluence of events. Gold dropped. The dollar rose. Oil prices moved up. The markets moved higher, too.
There's something fishy about the way these things took place.
The move up for the dollar versus the euro, yen, Canadian dollar (etc.) was significant on a one-day basis, but was not significant given the last year of damage done to the dollar. The point being, that gold took over a 2% hit, and that's too much.
Keep in mind, also that oil prices climbed during the day. That should have weighed a bit on the market, but it didn't.
We are not convinced the market is ready to bounce higher. The overreaction with gold dropping, added to the increase in oil prices, are two reasons we believe there is still downside ahead. For More Commentary Go Here:
http://www.stock-letter-daily.com/index.htm
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If the links to our ratings above do not work, please use these:
JDS Uniphase (Nasdaq:JDSU) - SELL http://www.stockpickreport.com/rating.php?sym=JDSU Altria Group Inc (NYSE:MO) - SELL http://www.stockpickreport.com/rating.php?sym=MO eBay (Nasdaq:EBAY) - STRONG SELL http://www.stockpickreport.com/rating.php?sym=EBAY Schwab Charles Corp (NYSE:SCH) - SELL http://www.stockpickreport.com/rating.php?sym=SCH