SHREVEPORT, La., March 21, 2006 (PRIMEZONE) -- Don Harrold (IARD #119079, http://www.donharrold.net), rates the Nasdaq 100 (Nasdaq:QQQQ), Dell Computer (Nasdaq:DELL), ConocoPhillips (NYSE:COP), and the Diamonds Trust (AMEX:DIA).
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Important Stock rating changes for Tuesday, March 21, 2006:
Nasdaq 100 (AMEX:QQQQ) - BUY
http://www.donharrold.net/stocks/QQQQ.php
Dell Inc. (Nasdaq:DELL) - BUY
http://www.donharrold.net/stocks/DELL.php
ConocoPhillips (NYSE:COP) - BUY
http://www.donharrold.net/stocks/COP.php
DIAMONDS (AMEX:DIA) - WEAK BUY
http://www.donharrold.net/stocks/DIA.php
Stock Commentary - March 21, 2006
Did you see Lou Dobbs on Bill Maher's "Real Time" last Friday night?
I did.
What an amazing man. Mr. Dobbs spent 10 minutes on the crucification of "fat cat" corporate America and their penchant for selling us all down the Yangtze, Ganges, and Laja rivers.
Mr. Dobbs' commentary can be summed up this way: U.S. companies are sending U.S. jobs overseas in a way that is detrimental to U.S. citizens who continue to vote for congressmen who are in the back pocket of the aforementioned businesses that continue sell out U.S. jobs.
And, all for what? If you guessed lower taxes, lower costs, and higher profit margins, you'd be correct.
It seems so long ago that we all worried about NAFTA and its predecessor, GATT. You know the agreements that so many concerned onlookers argued would gut American business? Well, it turns out those fears were based on reality.
Dell Computer (Nasdaq:DELL) reported yesterday that they planned to double their staff in India (source: http://www.theage.com.au/news/technology/dell-to-double-staff-in-india/2006/03/21/1142703312132.html). Today, they say they plan to double their staff in the Philippines (http://news.inq7.net/infotech/index.php?index=1&story_id=70119).
What is the short term reward for Dell? Today (as of 12:48 p.m. EST), Dell's stock price is up $1.00, or 3.33%.
My stance on Dell's stock price is based on technical analysis. I look at stochastics, MACD, and RSI to get my bearings on where the price of the stock will go short-term. That's my job: I'm a stock picker who uses technical analysis.
Dell looked ready for a move up. I gave them a buy rating a while back -- based on the technicals. However, I wish there was a way I could look past the technicals and give them a "sell" based on their outsourcing.
Outsourcing is bad for the economy. It's bad for average folks. It's bad for the future of our country. That's my opinion.
As of today, though, outsourcing is good for the price of Dell's stock.
For More Commentary go to: http://www.donharrold.net
What These Ratings Mean: DonHarrold.net 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 Don Harrold: DonHarrold researches and analyses stocks. His daily commentary is regular and distributed worldwide. He is a Registered Investment Advisor. And, he does not accept third-party compensation to make stock suggestions.