Caution: These Stocks Are Still Teething

President Clinton's $21.7 billion package of tax credits and other child-care incentives appeals to more than middle-income families. It has increased enthusiasm on Wall Street for child-care stocks. "More government spending for child care is a big plus for the handful of publicly traded companies that provide the services," says Leslie Nelkin, an analyst at Furman Selz. The day after Clinton previewed his plan on Jan. 7, Nelkin put out buy recommendations on three child-care stocks: Childtime Learning Centers, Children's Discovery Centers of America, and Nobel Education Dynamics.

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