Subject: NEWS FLASH - Bull Market Report
Two things:
1. These numbers were left out of Wednesday's Report. We KNOW you
couldn't live with out them...
MARKET INDICES FOR WEDNESDAY
INDEX ---- CHANGES ----
CLOSE PTS. DAILY YTD
UNITED STATES MARKETS
DOW JONES 9,545 234 2.4% 3.8%
NASDAQ 2,321 70 3.0% 5.5%
S&P 500 1,272 28 2.2% 3.4%
RUSSELL 2000 428 6 1.3% 1.4%
30 YEAR TREASURY BONDS 5.16%, down 5 bp
EUROPEAN MARKETS
UNITED KINGDOM FT-SE 100 6,149 191 3.1% 4.3%
FRANCE CAC 40 4,295 94 2.2% 8.2%
GERMANY DAX 5,444 190 3.5% 8.1%
ASIAN MARKETS
JAPAN NIKKEI 225 13,468 236 1.8% -2.8%
HONG KONG HANG SENG 10,234 343 3.3% 1.8%
AMERICAS MARKETS
CANADA TSE 300 6,805 145 2.1% 4.7%
MEXICO BOLSA 3,745 -15 -0.4% -5.7%
2. Addition of Data Broadcasting Corporation to our 12 Stocks for
Aggressive Investors. 11 AM Eastern, January 7, 1999
ADDITION TO OUR MASTER BUY LISTS
We hereby add Data Broadcasting (DBCC) to our newly named list of 12
Stocks for Aggressive Investors at a price of $16 3/4, where it is
trading now. Data Broadcasting provides financial data and business
information to professional investors and businesses. Our feeling is
that with the explosion of Internet trading, there will be a greater
and greater need for accurate financial information delivered in a
timely fashion. This is what Data Broadcasting does. They provide
real time financial information and news over wire services and the
Internet. There are almost 34 million shares outstanding, giving them
a market cap of around $580 million, have virtually no long term debt
and have been consistently profitable for the past five years.
In addition, they own half of CBS MarketWatch which is going public
next week. This is a €remote€ IPO play on this event. CBS.MarketWatc
h.com. (http://cbs.marketwatch.com) is a leading Internet financial
web site, where individual and professional investors turn for
breaking news, expert analysis and market data. The site was recently
named the number two investment Web site by Barron's.
Our price target is $30, 76% higher than the current level.
The company is located in Midvale, UT 84047 Phone: (801) 562-2252 |
