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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: BI*RI who wrote (12135)	7/15/1998 2:39:00 PM
From: Chris	Respond to of 42787

to all: read the bold: 12:00 ET Dow -11, Nasdaq +11, S&P -1.78: Early enthusiasm gives way to some modest profit-taking, but speculation remains strong in technology stocks...Intel (INTC) +1 1/2 despite missing earnings estimates after the close yesterday, but analysts are putting a positive spin on the number, trying to explain away some inventory write-downs as irrelevant...this shows persistent optimism, as Intel's statements that imply lower than expected earnings next quarter have drawn little attention...similarly, Eastman Kodak (EK) +7 1/2 which reported earnings a whopping 25 cents ahead of expectations is understandably up strongly, but the fact that product sales fell 8% from year-ago levels has drawn scant attention...if it weren't for that EK gain, the Dow would be down about 25 points...thus, the underlying bull market continues as all news is viewed in a positive light...financial stocks are generally weaker despite a firmer bond market, while oils and drillers are stronger with the XOI oil index +4.50...Dow Transports -35 as airlines are weak, Dow Utilities -0.09...breadth is slightly negative amidst heavy volume.