S&P Personal Wealth <news>
Headline: Featured Articles From S&P Personal Wealth
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NEW YORK, May 17 /PRNewswire/ -- Read the following articles exclusively
at S&P Personal Wealth (http://www.personalwealth.com). Standard & Poor's is
a division of the McGraw-Hill Companies:
"Stay with Bullish Policy"
personalwealth.com
Buying on dips has been pretty much automatic, notes the latest issue of
The Outlook, S&P's weekly investment advisory newsletter. But the market
last week apparently used up its ration of resiliency in snapping back to
new highs after the slide on the resignation of highly respected Treasury
Secretary Rubin. S&P believes it will recover before long from the
selloff prompted by last Friday's report of a 0.7% rise in the consumer
price index for April. One month of disappointing inflation news doesn't
represent a trend. For now, our overall asset allocation remains at 55%
equities, 35% bonds and 10% cash reserves.
"S&P Upgrades U.S. West Shares to Hold"
personalwealth.com
Standard & Poor's upgraded shares of US West (NYSE:USW) to 3 STARS
(hold) from 2 STARS (avoid) after the company agreed to merge with Global
Crossing Ltd. (NASDAQ:GBLX) in a $37 billion deal. Analyst Phil Wohl
says the new company, to be called Global Crossing Corp., will be split
into tracking stocks; Class G shares will track global, wireless,
long-distance and Internet assets, while the less attractive Class L
shares will track low-growth local businesses. Word on the Street brings
you comments every trading day from Wall Street's top equity analysts on
stocks or industries that are moving significantly.
"Fed-o-Meter: No Rate Moves Seen This Week, but After That ..."
personalwealth.com
A Standard & Poor's MMS Spot Survey of Fed policy expectations shows that
sentiment has been tilted slightly by recent events such that now there
are a few more Fedwatchers actually calling for an interest rate hike at
the August 24 FOMC meeting, with a couple more expecting the Fed to pull
the trigger on October 5. Nearly all of those contacted said it was a
close call whether the Fed announces a tightening bias on Tuesday, May
18. Indeed, 54% thought the Fed would announce a bias, while 37% said no
announcement would be forthcoming (suggesting a neutral bias).
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SOURCE Standard & Poor's
-0- 05/17/99
/CONTACT: Mark Roth of Standard & Poor's, 212-770-4752/ |
