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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jeff Jordan who wrote (12862)8/11/1998 11:03:00 AM
From: Jenna  Read Replies (1) of 120523
 
e-mail: KMG.. DG (bullish on that one), e-mail: TLAB, AAPL looks good

not sure about this one. The chart could not be worse except that again there was a flicker of accumulation noticeable in the up/down volume slope.. Resistance is at 56 1/4.. Stochastics are very oversold. Could be just a one day thing, I'm not too positive on the sector.

Dollar General 2nd-Quarter Earnings Jumped 25% On Rise In Sales

NEW YORK -(Dow Jones)- Dollar General Corp. posted a 25% increase in fiscal second-quarter earnings Tuesday on a 24% rise in sales.
The national operator of neighborhood stores posted net income of $33.3 million, or 19 cents a diluted share for the quarter ended July 31. That matched the mean estimate of analysts surveyed by First Call.
A year ago, Dollar General's net income totaled $26.7 million, or 16 cents a diluted share.
Sales rose to 741.4 million from $596.8 million.
Dollar General (DG), Nashville, Tenn., said same-store sales rose 9.2% in the latest quarter.
The company opened 144 new stores, relocated 65 stores and closed 3 stores during the quarter.
For the quarter, interest expense rose to $2 million from $540,000 a year ago. This increase was a result of higher average borrowings during the quarter to support initial
inventory in two distribution centers and a new merchandise assortment in stores.
Copyright (c) 1998 Dow Jones & Company, Inc.
All Rights Reserved.

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TLAB..looking very good here
Relative strength looks good which could indicate a trend reversal. Not a great day for another reversal but it should show the real strength of the company if it breaks out in this market.
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