Technology News
Sun, 21 Mar 1999, 9:37am EST
Birinyi Sees Dow at 12,000 by End of Year, Barron's Reports
New York, March 20 (Bloomberg) -- Laszlo Birinyi, president
of Birinyi Associates Inc., sees the Dow Jones Industrial
Average at 12,000 by the end this year, resulting in a 25-
percent gain for 1999, Barron's reported. Birinyi tracks
stocks by examining their money flow, or whether investors are
willing to pay more than the market price for a stock that's
rising, or to sell a stock that's falling for less. Birinyi says
that American Online Inc., American Express Co., Apple Computer
Inc., Charles Schwab Corp., Ford Motor Co., International
Business Machines Corp., J.P. Morgan & Co., LSI Logic Corp.,
Merrill Lynch & Co. and Motorola Inc. have the best money flow,
while Allstate Corp., Atlantic Richfield Co., Bestfoods, Campbell
Soup Co., Harris Corp., May Department Stores Co., National City
Corp., New York Times Co., Occidental Petroleum Corp. and
Walgreen Co. have the worst, Barron's reported.
The Dow Jones Industrial Average crossed the 10,000
benchmark three times during the past four trading days, though
it has yet to close above it.
(Barron's 3/22 40 www.barrons.com)
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