Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Venkie who wrote (121398)	4/30/1999 12:51:00 PM
From: GP Kavanaugh	Respond to of 176387

At least some analysts seem to do their homework. =Prudential's Wachtel: Dow To Swallow 11K Then Digest In May NEW YORK (Dow Jones)--Driven by a strong April earnings period the Dow Industrial Average will top 11,000 before taking a breather in a quiet May, according to Larry Wachtel, market analyst at Prudential Securities. "11,000 is going to be a bit of a barrier," Wachtel told CNBC in an interview Friday. The stock market has been driven by better-than-expected earnings, but "as we move into May and we lack that catalyst" the market will take a breather, he said. "With nothing on the interest rate front that's going to drive us forward," Wachtel said May will be a time to digest April's 1,000-point gain and wait for the June earnings period. Wachtel said he likes cable supply companies, including General Instrument Corp. (GIC) and Scientific-Atlanta Inc. (SFA), pharmaceuticals, including American Home Products Corp. (AHP) and Bristol-Myers Squibb Co. (BMY), and Dell Computer Corp. (DELL). -Marcelo Prince; 201-938-5394 (END) Dow Jones Newswires 30-04-99 1459GMT (AP-DJ-04-30-99 1459GMT) GP