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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 (10335)	6/17/1998 10:23:00 AM
From: Jenna	Read Replies (1) \| Respond to of 120523

Retailers held up nicely during the correction: That is what I have been saying during the past 6 weeks. Do not chase tech sector when there are so many other companies offering good trading possibilities. Below is partial article from Wednesday's Investor's Business Daily: IBD searched its database to see which stocks have perfomred the best since the market began correcting in mid-April Results retailers in the apparel, deparment store and building product sectors continue to do well along with selected personnel, financial and computer issues. The market correction is seven weeks old. The Dow Jones industrial average has come off 6.4% of its high. The S&P 500 has held up a litter better, yielding only 4%. The Nasdaq composite has done the worst, slipping 9.3%. Kohl's one of the best performers during the correction. It made a new high of 52 7/16it has come off about 3%. Dollar Store has made a new high on June 9. Buckle, Inc. is only 7% off its new high made 39 1/2 on June 9. Analysts forecast a 170% surge in net for the fiscal second quarter ending July 31. That's an acceleration in growth from 61%, 64% and 100% gain in prior 3 quarters. Home Depot only 4% from its high. Lowes only 5% from its high. Robert Half only 8% off its high HBOC only 4% off it's high FirstFed Financial corp is off slightly from its high. Carnival Corp is sailing along in a 10 week base after doubling the past 14 months. The stock split 2-for-1 on Monday. Three weeks ago, it bought the Cunard Line, Owner of the popular cruise ship Queen Elizabeth 2. Carnival's earnings for the fiscal year ending Nov 30 should rise 15%. Medical glover maker Safeskin corp fell as much as 29% after hitting a hogh of 45 on April 6. It's rallied the past two days andis now 19% off it's high.