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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Giordano Bruno who wrote (250032)	7/15/2003 8:12:15 AM
From: MythMan	Read Replies (1) of 436258

speaking of autos look at this sh*t!! They say ignore all bad news...no shame. Even Cramer doesn't pump autos. >>8:09AM JP Morgan sees upside to auto stocks : JP Morgan expects the mkt to mostly look past weak Q2 earnings (and probably weak Q3 earnings as well), to focus on what will likely be a positive trend in U.S. industry demand; after a weak start to the year, the avg Q2 SAAR rose to 16.2 mln, and firm's early read is that the SAAR in July may be as high as 17 mln and and they expect a further rise in Q3-Q4. Firm thinks that F and LEA could beat Q2 consensus, F based on the strength of its Q1 earnings momentum, and LEA because of the likelihood of continuing mkt share gains; firm also expects GT to disappoint.<<

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