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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 (16050)10/2/1998 9:31:00 AM
From: Kenneth R Miller  Respond to of 120523
 
BUD added to watch list. are we gonna have a suckers rally?



To: Jenna who wrote (16050)10/3/1998 8:37:00 PM
From: Jenna  Respond to of 120523
 
GTE: Bullish, earnings out October 15, but stock could be overbought by then. Closed on high of the day, on nearly triple volume. Strong chart, with Relative Strength bullish a nice beta of .68. And GTE broke double top P & F chart formation on Friday. Volume indicators and MFI bullish indicating GTE is under accumulation. "Flight to Good Earnings" stock. Investors fleeing other stocks could be looking towards GTE

NEW YORK, Sept 30 (Reuters) - Lehman Brothers said it upgraded GTE Corp.
(NYSE:GTE - news) to a buy from outperform and set a price target of $71 a share.

-- said expects GTE's proposed merger with Bell Atlantic Corp. (NYSE:BEL - news) to close in late 1999. Expects GTE to
post 8-10 percent revenue growth and 13-15 percent earnings per share growth until the deal closes.

-- Lehman also said it raised the price target on Bell Atlantic to $58 from $53.

-- said during next month, expects positive news from Bell Atlantic including earnings on Oct. 21, an analyst meeting on Oct.
28 and information on the company's application to enter the long distance market in New York.

-- said Bell Atlantic's acquisition of GTE is non-dilutive, accelerates revenue growth and adds long distance network and data
capabilities without having those capital and start-up costs.