FEATURED ARTICLES FROM S&P PERSONAL WEALTH
NEW YORK--(BUSINESS WIRE)--March 18, 1999--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 Accumulate on AMR Shares" http://www.personalwealth.com/prn04
Standard & Poor's reiterated its 4 STARS (accumulate) ranking on shares of AMR Corp. (NYSE:AMR). Analyst Stephen Klein expects the shares to recover after some initial weakness this morning related to the announcement late yesterday that profits for the first quarter will fall below the Wall Street consensus of $0.65 per share. Klein cut his 1999 earnings per share estimate to $5.80 from $6.70, but still thinks AMR stock is undervalued at 8.9 times his 2000 estimate of $6.50. 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.
"Short Term Action Looks Limited" http://www.personalwealth.com/prn02
The short term (next two days) remains vulnerable to profit-taking, but both upside and downside appear limited for Thursday and Friday, says S&P Market Analyst Paul Cherney. However, he is becoming somewhat concerned by the number of NYSE new 52-week lows being generated, and notes that if the number were to punch past 120, it would not be a good omen for the markets. 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.
"Engelhard Corp. Sees 1st Quarter Earnings Below Wall Street Projections" http://www.personalwealth.com/prn03
Engelhard Corp. (NYSE:EC) sees lower than expected first quarter earnings per share of about $0.28, citing a difficult comparison with unusually high earnings from its industrial commodities management business in the year-earlier quarter. Other stocks featured in this morning's MarketMovers include General Cable (NYSE:GCN), Aetrium Inc. (Nasdaq:ATRM), CMGI Inc. (Nasdaq:CMGI), RF Monolithics (Nasdaq:RFMI), Advanced Lighting Technologies (Nasdaq:ADLT), General Electric (NYSE:GE), Herman Miller (Nasdaq:MLHR), Restoration Hardware (Nasdaq:RSTO), Peapod Inc. (Nasdaq:PPOD), and York International (NYSE:YRK).
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