Opportunity market bookends a bear market slide
Brokers see a dip in the Dow as an opportunity to buy with bargains across sectors. Alfred Goldman of A.G. Edwards and Michael Metz of Oppenheimer & Co. push clients toward Chrysler GM Home Depot and tech plays like Intel Motorola Xerox ITT and Dow Chemical with strategic buys amid a ~10 percent drop from peaks. Jeffrey Vinik and Thomas Reilly express ongoing buys in financials and cyclicals, banking on long term gains as valuations retreat.
MENTIONED IN THIS ARTICLE
Alfred Goldman
A.G. Edwards
St. Louis
Chrysler
General Motors
Home Depot
Michael Metz
Oppenheimer & Co
Intel
Motorola
Metz
Goldman
Thomas V. Reilly
Putnam Group
Value Equity Group
Reilly
Xerox
ITT
du Pont
Dow Chemical
Alcoa
Jeffrey Vinik
Fidelity Investments
Magellan Fund
Vinik
Fannie Mae
General Re
Goodyear Tire
Caterpillar
CSX
Magellan
Ford
Indicators send anti inflationary signal February dip eyed
The Commerce Department reports the leading indicators index fell 0.1 percent in February due to severe weather. Weakness came from shorter factory workweeks and fewer building permits, offset by gains in raw material prices and unemployment claims lowering. Six of 11 components fell, four rose, suggesting weather distortions.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Department
Dow
Local Stocks and Market Wrapup Notice
Local interest stocks update appears in a brief market note. Dial 865 5000 for details and guidance. A full market wrapup is promised in Saturday's Journal World edition.
MENTIONED IN THIS ARTICLE
Journal-World
Midland and regional markets show mixed livestock and commodity quotes
Local markets report Midland Elevator grains Wheat 3.37 corn 2.64 milo 4.21 soybeans 6.50. At Omaha Livestock Market Tuesday hogs steady to higher with 1 0 0 weight gains and sows up. cattle and calves Steers 74.00 75.50 per 1050 1350 lb range Heifers 73.50 76.00. St Joseph Missouri hogs mixed with steady to lower weights. Dodge City feedlot sales slow with 700 slaughter steers and 500 heifers confirmed. Nonferrous metals price quotes in New York include aluminum 1.2 cents lb copper 0.8740 0.9200 per lb lead 34 cents lb zinc 0.4450 0.4908 per lb tin not available. Gold around 384 386 per ounce silver 5.57 per ounce mercury 180 per 76 lb flask platinum 415.50 418.00 per ounce. Rates from Commerce Bank of Kansas City based on 8 a.m. today data.
MENTIONED IN THIS ARTICLE
Omana, Neu
Uspa
Omaha
U.S
Dodge City
Dopee City
Kansas
Handy & Harman
Comex
Mercury
Newark
N.Y
Fed holds line as markets wobble amid inflation fears
Washington Fed officials say they do not plan further tinkering on short-term rates despite a stock and bond selloff. Governors Kelley and Phillips express doubt about prolonged share-price declines and say the central bank will largely let markets set prices for shares and long-term rates, while monitoring conditions.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Edward W. Kelley Jr
Susan M. Phillips
Lawrence developer to break ground on Southwest style retail center
Lawrence based First Management Inc. plans a Southwest style shopping center at 1500 block of West Sixth Street with 12 000 square feet of retail space. Doug Compton city commissioner says three of five spaces are leased to a sandwich shop hair salon and furniture rental store with move in slated for July. Completion date and center name pending.
MENTIONED IN THIS ARTICLE
Lawrence
West Sixth Street
Doug Compton
First Management Inc
Compton
Short-term Treasuries rise to two-year high on auction
U S Treasury sold 12.7 billion in three month bills at 3.71 percent, up from 3.5. Another 12.6 billion in six month bills went at 4.02 percent, up from 3.85. Three month rate highest since June 1992 and six month since March 1992. Fed reported one year bill yield rose to 4.46 percent from 4.36.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
The
Federal Reserve
U S manufacturing expands for seventh straight month
March activity up 56.7 from 56.6 in February as inflation eases with the price index at 64.2 down from 67. General Mills cuts cereal prices and trims promotions by over 175 million, signaling a charge of 5 to 10 cents per share. Miles Inc agrees to end paying pharmacists to steer patients to Adalat CC.
MENTIONED IN THIS ARTICLE
U.S
National Association of Purchasing Management
General Mills Inc
Miles Inc
Procardinal
Pfizer Inc
Minnesota
Miles
Dividends Rise in Quarter Signals Stronger Profit Sharing
Standard & Poor's reports dividends rose in the first quarter to a 13 year high with the fewest cuts since 1984. The rating firm says the trend will continue through the year as corporate directors, confident in higher profits, share wealth with stockholders.
MENTIONED IN THIS ARTICLE
Standard & Poor's
Also Mentioned on This Page
Index of Leading Indicators
Ayane
Stesemmen Oemmremene
Rybedsesines
Natl
Allied Sig
Applebee's
O'Reilly Auto
Buckle Inc
JC Penney Casey's
Pepsico
CommBancsh
Quaker
Seanenene
Dayton-Hud Pravatyes
Fleming
Sallie Mae
FMC Weaeee
Santa Fe
Sealright
Goodyear
Sears Wevebenes
Hercules
Sthwest Bell
Kmart 18 Ma
TR Perera
Trinova
Kroger
LabOne
Nveey
UtiliCorp
Wal-Mart
Seseeeseeces
Western Res
Mercantile
Williams
Merck
Woolworth
Edward D, Jones & Co
Midland
Omaha Livestock
St. Joseph Livestock
St. Josefh
New York
London
N.a
Commerce Bank of
Kansas City
Commerce Bank
Canada
France
Germany
Great Britain
Italy
Japan
Mexico
Switzerland
N.Y. Times News Service
Kelley
Park Plaza
27Th
Iowa
Yacht Club
Wis
PTCY
Mass
J.D
Niehoff Htg. & Air, Inc
Lawrence Area
Marybeth Bethel
Rhode Island
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