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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?


To: Berney who wrote (4747)12/3/1998 4:33:00 AM
From: Berney  Read Replies (1) | Respond to of 11051
 
Interesting what Mr. Market likes to focus on.

Market took a drubbing based on news from Boeing and Sears. Both of these have been sick for a long time. Boeing's income has risen from $19.5B to $45.8B from '95 to '97. In that time, their EPS for the three years of $1.63 barely covered their dividends of $1.48. Sear's income rose from $34.9B to $41.3B in the same period while the EPS went from $4.50 in '95 to $3.12 in '96 to $2.99 in '97. Sick companies that continue to be sick.

More interesting to me is the continuing market cap battle between GE and MSFT. Last year, GE had revenue of $88.5B and a net of $8.2B; MSFT had revenue of $14.5B and a net of $4.5B. Based on Tuesday's close, GE had a market cap of $298B and a PE of 34, while MSFT had a market cap of $319B and a PE of 63. Interesting how Mr. Market values its products.

What was more interesting to me, is that, even with the sell-off today, my technical scores on OEX, BKX, TRAN, DRG, PSE, SOX and PNX all improved. It's really interesting how the market plays with us at market highs and market lows.

Berney