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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (13192)	9/30/2002 12:01:31 PM
From: Dave Gore	Read Replies (1) \| Respond to of 16631

I'm a bit surprised how weak defense has been. I can't see earnings at risk; perhaps it is psychological at the moment.

To: Frederick Langford who wrote (13192)	10/10/2002 11:12:50 PM
From: Mr.G	Respond to of 16631

>>$37.5 billion more in defense spending than prior years' levels.<< The whole Defense sector has been in the dumpster lately. The military fiscal year ended Sept. 30th and the unknown about future spending put alot of pressure on all these stocks. This is good news for HRLY et. al. We should rock n' roll from here. =============================================== Prepare the Defense Sector, We're Going to War Thursday October 10, 2:45 pm ET By James J. Cramer, Of all the sectors that I think got clobbered the most this go-round, the one I like the best down here is the defense industry. Think about it: In the next day, we are going to get a war resolution -- we know it will pass -- and with that will come calls for more money for defense. That just has to happen. It is not an illusion. It will occur. The government is anxious about putting people to work and it wants to stimulate the economy. The natural way to do that is with the defense industry. These stocks have numbers that, for the most part, are way too low for next year and the year after. messages.yahoo.com WASHINGTON (Dow Jones)--The House on Thursday approved a $355.1 billion defense spending bill for the 2003 fiscal year. By a 409-14 vote, the House approved a defense bill that provides $37.5 billion more in defense spending than prior years' levels. The bill now goes to the Senate for final approval. House and Senate negotiators on Wednesday voted 11-4 to remove from the bill a provision that would have blocked defense contracts to companies that moved their headquarters overseas in order to lower their U.S. income taxes. A similar provision to block so-called corporate inversions has been attached to the bill creating a new Department of Homeland Security. The defense bill is one of the few out of 13 annual spending measures Congress is scheduled to pass before adjourning for the November elections. Lawmakers plan to return Nov. 22 to resolve disputes on the remaining bills.