Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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

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To: TWICK who wrote (14708)	9/14/1998 5:17:00 PM
From: TWICK	Read Replies (1) of 120523

Interesting comment from Briefing.com regarding this recent oil rally: Latest rally being ignited by heightened concerns of military conflict in the Middle East. Crude oil has risen more than 2% on the session to $14.62 a barrel after Iran made military threats toward Afghan militia group, Taliban. Iran, which is the world's 4th-largest oil producer (accounting for approx. 5% of world output last year), is charging the militia with killing nine Iranian diplomats. Traders are speculating that any conflict between Iran and Afghanistan could draw in Pakistan, which recently demonstrated its nuclear capabilities. While strength of group rally over the past several sessions has been impressive, there is still little evidence of improved supply/demand situation. But then again, this may explain why the oil stocks rally may be drying out... Moreover, analysts have already factored in moderate increase in intermediate-term oil outlook into their earnings estimates. *(Was less than a yr-ago that group was predicted to log 20%-30% earnings growth. Now estimates suggest that most names will be lucky to produce any yr/yr growth at all.)

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