Tim Murray Highlights the Following Stocks: Sonic Innovations,
Parametric Technology, Walgreen, Claire's Stores, CompuCom, and Whitney Holding
CHICAGO--(BUSINESS WIRE)--July 7, 2003--The market atmosphere was very positive heading into the Fourth of July. Tim Murray can give you another reason to celebrate with several stock selections that may be poised to take off like a firecracker. Read about Sonic Innovations (NASDAQ:SNCI), Parametric Technology (NASDAQ:PMTC), Walgreen (NYSE:WAG), Claire's Stores, Inc. (NYSE:CLE), CompuCom Systems, Inc. (NASDAQ:CMPC), and Whitney Holding Corporation (NASDAQ:WTNY). Click here for the full story exclusively on Zacks.com: http://featuredexpert2bw.zacks.com/
Here are the highlights from the Featured Expert column:
Briar Patch Stock Market Update from July 2, 2003
All of the talk in June about a sell off in the second quarter has dissipated for now. There has been some profit taking, but no nervous selling. The atmosphere is different and very positive. It might not be well founded, but that will not stop it from going up.
Tim Murray has put in a GTC order in to sell Sonic Innovations (NASDAQ:SNCI). It is a good company and Tim expects to trade it again.
After the close on July 2, Parametric Technology (NASDAQ:PMTC) finally came out with an earnings and revenue shortfall warning for the quarter that ended on June 30. Tim had wanted to add to PMTC, but wanted to get the quarterly results out of the way. It could be a good buying opportunity.
Walgreen (NYSE:WAG) is the class act in the growing drug stores business. In June, total sales were up 14.4% and the all important comp store sales were up 10.1%. Walgreen is not cheap on earnings or dividend but the sales per share are $30.59. It is a big company with both market capitalization and total sales just at $31 billion. The stock has been consolidating for over four years after it got ahead of itself in the late 1990's. It is a good trading situation at this point.
Other Portfolio Positions
Claire's Stores, Inc. (NYSE:CLE), through its wholly owned subsidiaries, is a leading mall-based retailer of popular-priced fashion accessories and apparel for pre-teens and teenagers.
CompuCom Systems, Inc. (NASDAQ:CMPC) is a leading provider of technology management services and information technology products to large and medium-sized businesses throughout the United States. CompuCom helps Fortune 1000 companies manage information technology to achieve their business goals.
Whitney Holding Corporation (NASDAQ:WTNY) is a bank holding company that, through its banking subsidiaries, engages in commercial and retail banking and in trust business.
Keep track of Tim Murray's moves on a daily basis, and take a look at all of the holdings in his portfolio by clicking: http://featuredexpert3bw.zacks.com/
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