NEW YORK, Sept. 16 /PRNewswire/ -- Read the following articles exclusively
at S&P Personal Wealth (http://www.personalwealth.com). Standard & Poor's is
a division of the McGraw-Hill Companies:
"S&P Index Changes -- Who's in, Who's Out"
Standard & Poor's said it will replace Saks Holdings (NYSE: SKS) in the
S&P MidCap 400 Index with Abercrombie & Fitch (NYSE: ANF) after the close
of trading on September 17. S&P said ANF will be added to the S&P MidCap
400 Retail (Specialty-Apparel) industry group. SKS is being acquired by
S&P MidCap 400 component Proffitt's Inc. (NYSE: PFT) in a transaction
expected to close on that date. The merger is still pending shareholder
"RF Micro Devices Sees Stronger than Expected 2nd Quarter Profit"
RF Micro Devices (Nasdaq: RFMD) sees higher than expected second quarter
earnings of $0.09-$0.10 on revenues of $28 million to $30 million. The
company cited higher than anticipated wafer availability and demand from
Korean customers. Other stocks featured in this morning's MarketMovers
include MEMC Electronic Materials (NYSE: WFR), Arkansas Best
(Nasdaq: ABFS), Building Materials Holdings (Nasdaq: BMHC), Phoenix
Technologies (Nasdaq: PTEC), Rawlings Sporting Goods (Nasdaq: RAWL),
PanAmSat Corp. (Nasdaq: SPOT), Isis Pharmaceuticals (Nasdaq: ISIP),
Progress Software (Nasdaq: PRGS), and Butler Manufacturing (NYSE: BBR).
"Equity Markets Building Confidence, S&P's Cherney Says"
Tuesday's close in the equity markets was much better than most of the
action during the day, which S&P Market Analyst Paul Cherney says is a
positive. Other bullish signs are a third consecutive gain for the
S&P 500 and improving breadth, he notes. All in all, Cherney says, they
indicate a market that is building confidence. MarketViews provides the
thoughts of leading investment strategists, portfolio managers and other
market mavens on the stock and bond markets and the state of the economy.
MarketViews also features Paul Cherney's market commentary every weekday
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SOURCE Standard & Poor's
/CONTACT: Mark Roth of Standard & Poor's, A Division Of The McGraw-Hill
/Web site: http://www.personalwealth.com/
(SKS ANF PFT WFR ABFS BMHC PTEC RAWL SPOT ISIP PRGS BBR)
ST: New York
IN: FIN PUB
-0- Sep/16/1998 11:38
EOS (PRN) Sep/16/98 11:38 86
-0- (PRN) Sep/16/1998 11:53
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