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Strategies & Market Trends : Point and Figure Charting

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To: Al Serrao who wrote (7569)9/22/1998 9:51:00 PM
From: Mr. BSL  Read Replies (3) of 34809
 
Hi AL. More Real Estate sector info. From tomorrow's IBD:

IBD's Finance-Equity REIT group, which has been rallying after falling near a two-year low two weeks ago, kept pushing higher amid heavy volume. In the past eight weeks, the sector has risen to No. 86 from No. 169 among the 197 industry groups ranked by six-month price performance.
Donaldson Lufkin & Jenrette raised its rating on the real estate investment trust industry to ''outperform'' from ''market perform.'' The brokerage is looking for a less aggressive acquisition posture and a stronger focus on internal operations due to tighter lending policies by investment banks. Relatively stable earnings and high dividend yields typically make the group attractive in a bear market, but DLJ said a broad market rally could hold back the stocks.
VORNADO REALTY TRUST continued to climb. The Saddle Brook, N.J., company has posted two strong quarters this year after seeing earnings decline throughout '97.
Other REITs moving higher included PROLOGIS TRUST, APARTMENT INVESTMENT & MANAGEMENT and TRINET CORPORATE REALTY.

Later, duke60
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