Microsoft means stability. It means no more DOJ case.
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Surely Microsoft is seen by the DOW caretakers as being acquitted in their DOJ case. Stability is what they are looking for. They want solid economic background.
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These days, membership in the coveted stock market club requires that a company be multinational and huge in size, untouched by Industrial Age soot, at the forefront of the Information Age, and have a history of surviving economic and market turmoil.
Paul Steiger, managing editor of the Wall Street Journal, found four such companies on Tuesday, when he picked Intel Corp. (NasdaqNM:INTC - news), Microsoft Corp. (NasdaqNM:MSFT - news), home-improvement retailer Home Depot Inc. (NYSE:HD - news) and Baby Bell SBC Communication Inc. (NYSE:SBC - news) as new components of the Dow Jones Industrial average.
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Expedia, based in Redmond, Wash., plans to sell 5.2 million shares to the public in a projected price range of $10-$12 per share, according to an amended prospectus filed with the Securities and Exchange Commission.
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Don't blink. This one is going to skyrocket by Friday.
MSFT is now at strong buy. |
