NEW YORK--(BUSINESS WIRE)--Nov. 10, 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 Reiterates Buy on OfficeMax Shares"
S&P equity analyst Karen Sack reiterated her 5 STARS (buy)
recommendation on shares of OfficeMax Inc. (NYSE:OMX) after third
quarter earnings per share of $0.27 versus $0.26 were in line with
expectations. She says OMX could open 100 units in fiscal 2000 and
should see improved margins from a reduction in low-margin computer
sales. She also notes that the shares are trading only slightly above
book value. Word on the Street brings you comments every trading day
from Wall Street's top equity analysts on stocks or industries that
are moving significantly.
"French Fragrances Sees Lower than Expected Sales, Earnings"
French Fragrances (Nasdaq:FRAG) sees sales of $111.6 million and
earnings per share of $0.41 for the third quarter, both below
analysts' expectations. The maker of prestige fragrances and related
cosmetic products attributed the shortfall to weak retail sales and
the resulting inventory buildup of many of its retail customers. FRAG
also sees fiscal 1999 earnings below expectations. Other stocks
featured in this morning's MarketMovers include Wal-Mart Stores
(NYSE:WMT), Simula Inc. (NYSE:SMU), ISG International Software
(Nasdaq:SISGF), PartnerRe Ltd. (NYSE:PRE), Wang Laboratories
(Nasdaq:WANG), Dollar General (NYSE:DG), Fisher Scientific (NYSE:FSH),
Innovex Inc. (Nasdaq:INVX), AirNet Systems (NYSE:ANS), and Level One
"Downside for Stocks Still Appears Limited, S&P's Cherney Says"
Odds favor that the downside for stocks is limited, according to
S&P Market Analyst Paul Cherney. He says when the markets display
positive breadth expansion, as we've seen in stocks since the October
8th low, downside risk is usually limited because sideline cash which
stayed on the sidelines during the equity rally is just waiting for an
opportunity to buy. He sees worst-case scenarios of the Dow testing
the 8720-8665 area and the S&P 500 testing 1112-1106. 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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