NEW YORK, March 18 /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 Reiterates Accumulate on AMR Shares"
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"
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"
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
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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/
(AMR EC GCN ATRM CMGI RFMI ADLT GE MLHR RSTO PPOD YRK)
CO: Standard & Poor's Personal Wealth
ST: New York
IN: FIN MLM PUB
-0- Mar/18/1999 11:58
EOS (PRN) Mar/18/99 11:58 86
-0- (PRN) Mar/18/1999 12:13
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