Cnbc-Everen Comment on Q>
Rao Chalasani, Everen Securities, Word on the Street (EOG, COG, PFE, WLA, MAI, QCOM)
From: Eva Blair
Date: 7/19/99
Time: 7:10:25 AM
Remote Name: 166.62.165.185
Comments
Rao Chalasani, Everen Securities, Word on the Street (EOG, COG, PFE, WLA, MAI, QCOM)
11,600 is next level for the Dow, should get there in the next couple of weeks. Market could stall, see correction and/or lull for rest of summer. Only thing sees could
drive the market to 12,000 is long bond falling below 5 ¾.
Should stay in conservative growth areas, i.e. pharmaceuticals, energy stocks.
EOG Because of oil and gas prices, gas prices still strong not as plentiful as oil.
COG Same reasons as above
PFE Price has gone down.
WLA Price has gone down.
MAI Low prices, 15% earnings growth, current price 13 times earnings.
QCOM good position in a decline
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