|
|
||
|
|
||
|
||
|
FOOL GLOBAL WIRE LEXINGTON, KY. (November 18): Technology stocks took it on the chin for a second straight session. While the Dow has been racing to new high after new high, the Nasdaq has been lagging a bit, scraping together one recent new high, but slipping dramatically Friday and then falling the Dow equivalent of another 35 points today.
The real loser for Investing for Growth today is our star performer Tellabs. First of all, Tellabs did split 2-for-1 this morning, so if you found your jaw on the floor, it's not nearly as bad as that may look. So, while you're pushing your tongue back in your mouth, cut your cost-per-share-basis in half and double the number of shares you own. Then you can see that it was still a lousy day for the stock.
Why? Well, before you concoct a stock-split theory, Tellabs is down primarily because of a Prudential Securities downgrade. The Prudential analyst lowered the stock's rating from buy to hold today, but the wire news story didn't elaborate on the reasons. So, the 5% shellacking Tellabs took had nothing to do with the stock split. We have the analyst at Prudential to thank for the rush toward the exits today.
For those of you playing around with the Unemotional Growth screens, please notice an addition to my weekly coverage. In the file located in our IFG Statistics Center, I'm now including the current rankings each weekend in three different formats. The first is the straight UG screen which ranks the top 20 stocks by their EPS (earnings per share) rankings. The second ranks the top 20 stocks by their RS (relative strength) rankings. And the third lists all the stocks from our Value Line screen that carry at least a 90 for both EPS and RS. This doesn't mean I'm changing the UG screens at all. I'm simply posting more information for those readers who are running their own experiments.
Stay Foolish!
|
||
|
||
|
|