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

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To: Dr. Harvey who wrote (20901)12/30/1998 2:42:00 PM
From: Jenna  Read Replies (1) of 120523
 
UPC..ROSE.. ASO..WM (best of show) the banking sector and earnings plays.

I think it is about time we seriously consider the banking stocks, especially the mid cap regionals and midwest banks for earnings plays or even just as nice position trades and/or short term/intermediate holds. I picked up ROSE this morning after having it on yesterday's watch list. I also like UPC..

UPC Trades at a 25% Discount PE Multiple of 16.3 time earnings.. quarter four is estimated to be $0.80 vs. $0.05 the same quarter last year. It's beta is a comfortable .90 and its relative performance is at a very 37.. giving this one some room to grow.

Tue Dec 29 UPC Union Planters Corp coverage initiated by Interstate/Johnson -
Mon Nov 16 UPC Union Planters coverage initiated by Merrill Lynch - Briefing.com

WM is the #1 ranked S&L.. and a long term hold. with a 34% growth rate it is highest in the banking sector. and a 38% growth rate estimated for the fourth quarter report. It ranks 1 in revenue, profit cash flow and assets. Here is a stock you can also hold and go on an extended vacation.

ASO is another good bank with better than average growth rate (17%) and a very comfortable beta of .85. Sometimes it is best to come out of the storm and enjoy the comfort of a stock that doesn't need constant supervision lest it gets cut in half.
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