Brought to you by Ralph Acampora
Cincinnati Financial Corp. (CINF-45.85, not rated by Prudential Securities Equity Research)*. Uptrend support at 44.00 (Print below=Trader’s sell-stop point). Initial objective-52.00+. (Added 04/12/02-45.75).
Office Max Inc. (OMX-6.14, not rated by Prudential Securities Equity Research). Uptrend support at 6.00 (Print below=Trader’s sell-stop point). Initial objective-8.40+. (Added 04/12/02-6.53).
Dial Corp. (DL-20.48, rated ‘BUY’ by Prudential Securities Equity Research). Uptrend support at 18.58 (Print below=Trader’s sell-stop point). Initial objective-24+. (Added 04/09/02-19.30).
Staples Inc. (SPLS-19.89, not rated by Prudential Securities Equity Research)*. Uptrend support at 19.20 (Print below=Trader’s sell-stop point). Initial objective-28+. (Added 04/08/02-21.11).
Bank One (ONE-40.45, rated ‘SELL’ by Prudential Securities Equity Research)+. Uptrend support at 39.81 (Print below=Trader’s sell-stop point). Initial objective-47+. (Added 03/15/02-42.20).
Mattel Inc. (MAT-20.80, not rated by Prudential Securities Equity Research). Uptrend support at 19.76 (Print below=Trader’s sell-stop point). Initial objective-25+. (Added 03/15/02-20.04).
Intermediate-Term stock market outlook:
We see many cross currents that are impacting the market these days; in our belief, they range from accounting procedures to war tensions. Thus, we believe, one must expect sudden swings in price. Yet we still remain sanguine on the underlying tone of the stock market. For us, there is a healthy rotation taking place; it appears investors continue moving away from the “new economy” stocks of the 1990s to the “old economy” stocks of the pre-1998/2000 bull phase. Our positive NYSE breadth story continues as more consumer related stocks move higher. Careful stock selection, we feel, is the way to invest; and we believe there are many attractive individual issues to be uncovered.
Cincinnati Financial Corp. (CINF-45.85, not rated by Prudential Securities Equity Research)*. Uptrend support at 44.00 (Print below=Trader’s sell-stop point). Initial objective-52.00+. (Added 04/12/02-45.75).
Office Max Inc. (OMX-6.14, not rated by Prudential Securities Equity Research). Uptrend support at 6.00 (Print below=Trader’s sell-stop point). Initial objective-8.40+. (Added 04/12/02-6.53).
Dial Corp. (DL-20.48, rated ‘BUY’ by Prudential Securities Equity Research). Uptrend support at 18.58 (Print below=Trader’s sell-stop point). Initial objective-24+. (Added 04/09/02-19.30).
Staples Inc. (SPLS-19.89, not rated by Prudential Securities Equity Research)*. Uptrend support at 19.20 (Print below=Trader’s sell-stop point). Initial objective-28+. (Added 04/08/02-21.11).
Bank One (ONE-40.45, rated ‘SELL’ by Prudential Securities Equity Research)+. Uptrend support at 39.81 (Print below=Trader’s sell-stop point). Initial objective-47+. (Added 03/15/02-42.20).
Mattel Inc. (MAT-20.80, not rated by Prudential Securities Equity Research). Uptrend support at 19.76 (Print below=Trader’s sell-stop point). Initial objective-25+. (Added 03/15/02-20.04).
Intermediate-Term stock market outlook:
We see many cross currents that are impacting the market these days; in our belief, they range from accounting procedures to war tensions. Thus, we believe, one must expect sudden swings in price. Yet we still remain sanguine on the underlying tone of the stock market. For us, there is a healthy rotation taking place; it appears investors continue moving away from the “new economy” stocks of the 1990s to the “old economy” stocks of the pre-1998/2000 bull phase. Our positive NYSE breadth story continues as more consumer related stocks move higher. Careful stock selection, we feel, is the way to invest; and we believe there are many attractive individual issues to be uncovered.
