Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jenna who wrote (43205)	6/4/1999 2:31:00 PM
From: Jenna	of 120523

TAN, CC and BBY: Electronic Goods Sales Boom Powers Stocks By Steve James NEW YORK (Reuters) - From boom boxes to digital big-screen TV's to computer equipment, Americans' appetite for the latest electronic gadgets is driving up the stock of the big shopping-mall appliance chains. Shares in Circuit City Stores Inc. (NYSE:CC - news) , the No. 1 U.S. retailer of branded consumer electronics, Tandy Corp (NYSE:TAN - news) which operates Radio Shack stores, and Best Buy Co. Inc., were all trading higher Friday after robust sales reports. At 1:30 p.m. EDT Friday, all these stocks were trading at 52-week highs. Circuit City stock was $3.37 higher at $78.50. Tandy was at a year record of $87.06, up $3.25 from Thursday's close, and Best Buy was also above its best of the year at $58.06, up $2.75. ''We have been bullish on all three and continue to recommend them aggressively,'' said analyst Donald Trott, of Brown Brothers Harriman. But he said that contrary to popular belief, the gains had little to do with the booming U.S. economy.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next