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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (6684)	3/27/1998 10:43:00 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

2 plays for monday: WAG ,RAD.. 3/25/98 - Rite Aid Makes Business Week's Top 50 Best-Performing Companies Mar. 25 (The Patriot-News/KRTBN)--Rite Aid Corp. has been named to the 1998 "Business Week 50," the magazine's annual ranking of the nation's best-performing companies. It's the first time East Pennsboro Twp.-based Rite Aid has made the list, and it's the only drugstore chain among the group. Rite Aid was ranked 48th. Microsoft Corp. topped the list, which is dominated by financial and high-tech firms. Business Week magazine analyzes the performance of companies in the Standard & Poor's 500 index. To determine the rankings, it grades companies on the basis of top-line revenue growth, earnings growth and total returns over one and three years, plus net margins and return on equity. Earlier this year, Rite Aid was included for the first time in Fortune magazine's annual survey of "America's Most Admired Companies." "We have worked extremely hard to make Rite Aid the pre-eminent chain drugstore in America, and our inclusion in this [Business Week] list demonstrates to our shareholders, our employees and, most importantly, to our customers, that our efforts are paying off," said Martin L. Grass, Rite Aid chairman and chief executive officer.

To: Jenna who wrote (6684)	3/28/1998 7:00:00 AM
From: Crossy	Respond to of 120523

Jenna, thanx for the invitation. All those stocks got one thing in common: value. I measure that as implied PSR rating relative to industry average PSR rating. I shortened my list to only include those stocks that seem to have established at least a base. The PSR ratings I derive are from Marketguide. You can access them el cheapo' by subscribing to briefing.com stock service, which costs $7 per month. I think it's a top fundamental analysis tool. Implied PSR should refer to last quaretrly sales per share multiplied by 4 to derive "implied annual sales per share". Then You could divide the stock price by the implied annual sales per share and arrive at an implied PSR. This is not such a gravy measure as compared to ordinary PSR values. It's more adaptive to a company's success. When a company breaks its downward spin, the first thing that goes up is usually sales. Earnings follow 1-2 quarters later. Thus the implied PSR is more reacitve to turnarounds. You don't have to wait 12 months before drawing conclusions <G>. One exception: if an industry is experiencing a hard time, like semi eqips right now, I exclude the current quater - it's distorted by weak demand. So all my list are in first instances definitely longterm picks. For the short term, timing is another thing, You shold look to 1) old support levels and 2) break of downward trendlines. Normally I would be able to give guidelines & signals to that also, I would use my charting package (Omega Research Supercharts) to derive those signals. Besides the 2 indicators given above I usually like Tom DeMark Sequential signals (a timing model) as a method that gives good entry points. However, my computer system had a crash 1 month ago and I had to reinstall everything. Since I got a tough exam Friday April 3rd, I'm delaying the resintall of my charting software until that will be completed.. Anyway, my list pertains to shortterm also, because I removed those plays (like WFR) which I believe are out there to remain sluggish performers - at least in the short term (up to 1 year) - for various reasons (fundamental weakness, bad charts, etc..) best wishes CROSSY