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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 (29873)	3/27/1999 7:35:00 PM
From: croonerjim	Respond to of 120523

Jenna--a TA question. Do you find that the technical tools like MACD, Stochastics, OBV, etc are useful in intra-day charts? I use them well on daily and weekly, and maybe 60 minute charts, but not sure of their efficacy on a 15 minute chart. TIA Jim

To: Jenna who wrote (29873)	3/28/1999 12:10:00 AM
From: kha vu	Read Replies (1) \| Respond to of 120523

aby cohen...excerpt of the interview: Q. That said, don't you find that a lot of the market's best-known, biggest-cap names are selling at extremely high prices? A. Throughout the S.& P. 500 there are quite a few outstanding companies that deserve to be selling at price/earnings multiples that are higher than the overall market. The difficulty is identifying companies that are better values than others. In technology, for example, there is a great deal of enthusiasm for big companies. Yet I.B.M. is selling at a price that is below the market's price/earnings ratio. Another technology company selling below the market multiple is Dell. They have a terrific business model they have used on their product and are now using it to get into other product lines. Q. What other sectors do you like? A. Last year, we thought the strength in the U.S. economy would help cyclical stocks that would benefit from improved consumer confidence, like retailing and consumer durables like autos and personal computers. We think there will be a continuation of that this year, but the year-over-year earnings comparisons will be difficult. The one global sector we like is energy. Last fall, we felt the energy fundamentals were bad but weren't going to get any worse. Energy companies could still lose money this year, but if they lose less it would be a boost to overall S.& P. earnings. Bank stocks were very hard-hit in August and September, and even though they have done better they are still trading at a discount to the market.