Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (4947)	8/24/1999 6:57:00 PM
From: Sergio H	Read Replies (1) of 13094

Jim, confidence in the market should carry over to the small caps. The small caps have lagged the overall market since July. Revised earning estimates: <Salomon Smith Barney revised its earnings outlook for the S&P 500 EPS for 1999 to $50, up 12.8% from 1998, and $53.25 for 2000. Prior numbers were $48.85 for 1999 and $51.40 for 2000. The investment bank says the causes of the earnings drag in 1998-- international markets and commodity prices--are abating. Plus onetime events--such as last year's strike at General Motors and the emerging markets crisis of late 1998--make for easy comparisons to the second half of 1999. However, after a very strong year in 1999, the EPS growth rate should slow in 2000 on much more difficult comparisons.> Sergio

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