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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Sid Stuart who wrote (32343)	8/31/1999 11:48:00 AM
From: Jeffrey D	Read Replies (2) \| Respond to of 70976

Another analyst speaks. Jeff << Prudential's Yingst Says 4th-Quarter, 2000 Earnings Views Too Low 08/31/1999 Dow Jones On Line (Copyright ¸ 1999 Dow Jones & Company, Inc.) NEW YORK -(Dow Jones)- Market analyst Clark Yingst of Prudential Securities Inc. likes cyclical stocks in light of what he sees as an illiquid market during the next two weeks. In a CNBC interview Tuesday, he recommended Applied Materials Inc. (AMAT) and STMicroelectronics N.V. (STM), which he sees as proxies for the broader technology group. Yingst sees the stock market stalling for the next two weeks, then rallying in late September and early October. Concerns over the so-called Y2K problem will follow on the heels of that rally, he said. Yingst said earnings estimates are too low for the fourth quarter of 1999 and for 2000. He expects to see earnings grow as much as 20% next year, as the global economy returns to a "pre-crisis" state, "characterized by growth that is not inflationary," he said. >>