FEATURED ARTICLES FROM S&P PERSONAL WEALTH
NEW YORK--(BUSINESS WIRE)--Sept. 16., 1998--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" http://www.personalwealth.com/prn04
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 approval.
"RF Micro Devices Sees Stronger than Expected 2nd Quarter Profit" http://www.personalwealth.com/prn03 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" http://www.personalwealth.com/prn02 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 evening.
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