SHREVEPORT, La., March 19, 2007 (PRIME NEWSWIRE) -- DonHarrold.net says there are four Dow Component stocks with potential upside. They are Intel (Nasdaq:INTC), Johnson and Johnson (NYSE:JNJ), General Electric (NYSE:GE), and Microsoft (Nasdaq:MSFT).
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"The first thing investors should know is that the Dow correction has plenty of room to the downside. The pundits who called the lows of March 5, 'the bottom' were wrong. I believe 'the bottom' was not even reached last Wednesday," says Mr. Harrold.
"In this environment where there is more downside pressure ahead, a wise investor will put their money on the sideline, or into stocks with better short term risk reward scenarios," adds the unbiased analyst.
"When I look at the short term prospects for stocks that make up the Dow 30, I see four with greater upside potential than the other 26. Those stocks are Intel (Nasdaq:INTC), Johnson and Johnson (NYSE:JNJ), General Electric (NYSE:GE), and Microsoft (Nasdaq:MSFT)," says Mr. Harrold.
"Short term indicators I follow tell me that these four stocks are the best of an overall-unattractive group of stocks. And, although they represent the best of what the Dow has to offer at this time, I do not see these as more than very short term trade opportunities over the next week or so," says the DonHarrold.net founder.
"I would employ stop losses with all of these if I were to buy them at current levels. I would stop INTC at $18.90, GE at $33.89, JNJ at $60.10, and MSFT at $26.71. If these four stocks can not hold those levels and I owned them, I would move away and attempt to buy at lower prices," concludes Mr. Harrold.
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