SHREVEPORT, La., Jan. 13, 2005 (PRIMEZONE) -- StockPickReport.Com (http://www.stockpickreport.com - the web's only non-mainstream stock rating service), rates Nortel, Calpine, SBC Communications Inc., Verizon Communications Inc.
STOCKPICKREPORT RATINGS:
Nortel (NYSE:NT) - BUY http://www.stockpickreport.com/abrating.php?sym=NT
Calpine (NYSE:CPN) - SELL http://www.stockpickreport.com/abrating.php?sym=CPN
SBC Communications Inc (NYSE:SBC) - WEAK SELL http://www.stockpickreport.com/abrating.php?sym=SBC
Verizon Communications Inc (NYSE:VZ) - WEAK SELL http://www.stockpickreport.com/abrating.php?sym=VZ
STOCK COMMENTARY Thursday, January 13, 2005 StockPickReport Commentary Sentiment Change Part Three
We find that today (Wednesday night), there are 74 stocks on our "Strong Buy" list, but only five stocks on our "Strong Sell" list.
That means that we believe there is more pressure building for an upward push.
We said the same thing last night, and the night before. We also said we thought that before an upswing begins, more downside is possible.
Is that double speak?
No. Listen to what I'm saying: I believe that the market is nearer a bottom than top. I believe that it is impossible to call a "bottom", and therefore do not do so here.
Moving back in to stocks now makes more sense than it did in December, but, we would STILL be cautious now, and we would STILL use TIGHT stop/losses. The other day we said to look at 1180 on the S&P as a key number.
The S&P traded below 1,180 today.
If you have questions or comments, please email don@stockpickreport.com. For More Commentary Go Here:
http://www.stockpickreport.com
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:
Nortel (NYSE:NT) - BUY
http://www.stockpickreport.com/abrating.php?sym=NT
Calpine (NYSE:CPN) - SELL
http://www.bigtimenews.com/sp500/CPN-Stock-Quotes-News-and-Research.php
SBC Communications Inc. (NYSE:SBC) - WEAK SELL
http://www.bigtimenews.com/sp500/CPN-Stock-Quotes-News-and-Research.php
Verizon Communications Inc. (NYSE:VZ) - WEAK SELL
http://www.bigtimenews.com/sp500/VZ-Stock-Quotes-News-and-Research.php