SHREVEPORT, La., Dec. 20, 2004 (PRIMEZONE) -- StockPickReport.Com (http://www.stockpickreport.com - the web's only non-mainstream stock rating service), rates Microsoft, , Texas Instruments Inc., Coca-Cola Company.
STOCKPICKREPORT RATINGS:
Microsoft (Nasdaq:MSFT) - SELL
http://www.stockpickreport.com/abrating.php?sym=MSFT
Google (AMEX:GOOG) - BUY
http://www.stockpickreport.com/abrating.php?sym=
Texas Instruments Inc. (NYSE:TXN) - BUY
http://www.stockpickreport.com/abrating.php?sym=TXN
Coca-Cola Company (NYSE:KO) - WEAK BUY
http://www.stockpickreport.com/abrating.php?sym=KO
STOCK COMMENTARY Monday, December 20, 2004 StockPickReport Commentary
The S&P 500 is showing some cracks around the edges. After a huge run since the middle of October, it seems like our "overbought" commentary of the past month may come to fruition.
There exists two levels of downside we would watch out for. First, note that the recent trend puts a stop/loss on the S&P at around 1,177 now. If the S&P cannot close above that number (which will change as we go forward), there is downside closer to 1,100.
We do not believe that the drop to 1,100 will come today -- obviously. You should just be aware that there are not that many reasons for the market to rise at this point, and plenty of reasons for a pull back.
Yeah, we know. We've been arguing that point for a month. But, keep in mind that since we've been making the "overbought" case, the S&P's upward momentum has significantly slowed.
With this week of holidays and New Year's around the corner, we are not ready to advise entering in to too many "long" positions. We'd allow stocks we own to run up (if they do so), but be absolutely satisfied to conserve capital if the market pulls back.
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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:
Microsoft (Nasdaq:MSFT) - SELL http://www.stockpickreport.com/abrating.php?sym=MSFT Google (AMEX:GOOG) - BUY http://www.stockpickreport.com/abrating.php?sym= Texas Instruments Inc. (NYSE:TXN) - BUY http://www.stockpickreport.com/abrating.php?sym=TXN Coca-Cola Company (NYSE:KO) - WEAK BUY http://www.stockpickreport.com/abrating.php?sym=KO