Some more stellar calls.
thestreet.com
Sept. 27 Sam Ginzburg, senior managing director of equity trading at Gruntal Buy: Novell (NOVL:Nasdaq - news - boards); Micron (MU:NYSE - news - boards); Sell: Lucent (LU:NYSE - news - boards)
NOVL: (42.8)
MU: (27.7)
LU: (52.5)
Sept. 29 John Bollinger, president of EquityTrader.com Foresees the Nasdaq staying mainly in the lower half of a trading range between 3200 and 5100 for the remainder of the year, with the S&P closer to the top half of its range of 1350 to 1550. Remains most bullish on prospects for mid-cap stocks
COMP: (30.9)
SPX: (7.5)
S&P MidCap 400: (4.3)
Aug. 17 Brian Belski, fundamental market strategist at U.S. Bancorp Piper Jaffray Forecast the Comp would retest its lows just above 3000 within the next six weeks, while the Dow suffers as much as a 1,000-point selloff after hitting 11,500 in the short term. However, believes the "sharp correction" will lead to another "V-shaped" bottom that takes the Comp to 4500 and the Dow to 12,000 by year's end.
Comp: (35.6)
Dow: (2.3)
Aug. 17 Scott Bleier, chief strategist at Prime Charter Predicted a "really good rally" at September's onset, with the Comp eclipsing 4200 and ultimately trading as high as 4600 while the Dow rallies to as high as 11,650. Predicted the Comp would be around 4050 and the Dow near 11,250 the week of Sept. 25.
Comp: (35.6)
Dow: (2.3)
Aug. 11 Joseph McAlinden, chief investment strategist at Morgan Stanley Dean Witter Advisors "What we're dealing with here is a rotation out of growth and into value, momentum that is only going to build as we go through the summer." De-emphasize tech while overweight financials, health care and utilities.
SGX: (20.8)
SVX: 3
Philly/KBW Bank Index: 5.1
S&P Healthcare:14.4
DJ Utility Average: 17.1
Right call at the right time. Right as rain (whatever that means).
Aug. 3 Brian Gilmartin, portfolio manager at Trinity Asset Management Sell: Dell (DELL:Nasdaq - news - boards) and WorldCom (WCOM:Nasdaq - news - boards).
Buy: Cisco (CSCO:Nasdaq - news - boards),
Applied Materials (AMAT:Nasdaq - news - boards),
EMC (EMC:NYSE - news - boards),
Sun Microsystems (SUNW:Nasdaq - news - boards),
and Wal-Mart (WMT:NYSE - news - boards). DELL: (56.7)
WCOM:(63.2)
CSCO:(36.7)
AMAT:(42.7)
EMC: (19.4)
SUNW: (43.6)
WMT: (1.8)
July 13 Stanley Nabi, vice chairman DLJ Asset Management "I think the recovery in the Nasdaq has been too steep, exposing the major stocks in that index to risk once again." Buy: Chevron (CHV:NYSE - news - boards);
Exxon Mobil (XOM:NYSE - news - boards);
Texaco (TX:NYSE - news - boards);
Conoco (COC:NYSE - news - boards);
Anadarko Petroleum (APC:NYSE - news - boards);
Burlington Resources (BRE:NYSE - news - boards)
NDX: (37.8)
CHV: (1.1)
XOM: 11.9
TX: 16.5
COC: 17.5
APC: 52.3
BRE: 5.8
July 5 Richard Whittington, Banc of America Securities. The chip cycle is not dead. Buy: Applied Materials (AMAT:Nasdaq - news - boards).
AMAT: (52.6)
July 5 Jonathan Joseph, Salomon Smith Barney "The [chip] sector is likely to see peak capital spending growth rates this year, which has closely correlated with cyclical shipment peaks in the past" (i.e. the chip cycle is dead/dying).
SOX: (43.6%)
One of the great/gutsy calls of this or any year.
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Jack |
