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Technology Stocks : Walt Disney -- Ignore unavailable to you. Want to Upgrade?


To: S. M. SAIFEE who wrote (1789)7/26/1999 11:50:00 AM
From: Captain Jack  Respond to of 2222
 
S M -- I have had a few successful AOL trades and a few not so good LOL! It takes very little to make moves--- some are big and quick,,, which can be good or bad. Gotta be nimble and have a strong stomach-- watching every tick helps too <ggg>



To: S. M. SAIFEE who wrote (1789)7/26/1999 12:48:00 PM
From: Captain Jack  Read Replies (2) | Respond to of 2222
 
Disney advances on positive Barron's
story

By David B. Wilkerson, CBS
MarketWatch
Last Update: 12:21 PM ET Jul 26, 1999
NewsWatch

BURBANK, Calif. (CBS.MW) -- Walt Disney shares
rose on Monday after an upbeat cover story on the
entertainment giant appeared in Barron's over the
weekend.

The Dow component (DIS: news, msgs) rose 7/16 to 27
1/4 in recent trading, bucking the weak trend of the
broader market. See Market Snapshot.

The article said
Disney shares,
out of favor for
several quarters
due to weakness
in its
merchandising
and broadcasting
divisions, could turn around if there's even "a whiff of
an earnings improvement." The magazine quoted an
observer as saying the company's many assets are too
"inherently valuable" to allow the stock to stay in the
20s.

Barbara Hourihan, first vice president of investments at
Morgan Stanley Dean Witter, told
CBS.MarketWatch.com on Monday the stock "will see
better days."

"I think their earnings momentum begins going forward
soon," she said. "I think by year-end the stock will have
turned up."

Hourihan also called Disney "one of the few blue-chips
I can buy here and not feel like I have a whole lot of
downside risk, yet still have the potential for upside
momentum."