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Adam Oliensis Highlights the Following Stocks: Caterpillar, Greenpoint Financial, Maytag, Safeway, and Sun Microsystems.


Business Editors

CHICAGO--(BUSINESS WIRE)--Oct. 20, 2003

It never hurts to be a bit suspicious when things are going well. If all the good news has already been priced in, then you'll need to move quickly and Adam Oliensis can help with his technical analysis and stock information. Read about Caterpillar Inc. (NYSE NYSE

See: New York Stock Exchange
:CAT), Greenpoint Financial (NYSE:GPT GPT glutamic-pyruvic transaminase; see alanine transaminase.

GPT
abbr.
glutamic-pyruvic transaminase



GPT

glutamic-pyruvic transaminase.
), Maytag (NYSE:MYG), Safeway, Inc. (NYSE:SWY) and Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. , Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:SUNW SUNW Sun Microsystems, Inc (former stock symbol; now JAVA)
SUNW Stanford University Network Workstation (Sun Microsystems, Inc) 
). Click here for the full story exclusively on Zacks.com: http://featuredexpert2bw.zacks.com/

Here are the highlights from the Featured Expert column:

PRE-MARKET UPDATE: STANDING ASIDE FOR EXPIRATION... from October 17th, 2003

Of particular note in October's report were the employment readings, which moved smartly to highs for the year and confirmed some of the improvement we've been seeing in job creation and Initial Jobless Claims Initial Jobless Claims is a report issued by the U.S. Department of Labor on a weekly basis. This report tracks how many people have filed for unemployment benefits in the previous week. It is a good gauge of the U.S. job market. . That's a large idea. If the jobs market is indeed improving then a strong leg on which bearish Bearish

Words used to describe investor attitude. A bearish investor believes that a particular asset or the market as a whole will decline in value.


bearish 
 arguments have been standing is significantly weakened.

Separately, Thursday's Industrial Production numbers, while not earth-shattering do show some improvement.

On the earnings front there have been some glitches out of the likes of Caterpillar Inc. (NYSE:CAT) (missed by a penny), Greenpoint Financial (NYSE:GPT) missed by $0.016 at $0.85 EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. ), Maytag (NYSE:MYG)(missed by a penny), and Safeway, Inc. (NYSE:SWY) and Sun Microsystems, Inc. (NASDAQ:SUNW) (also both short a penny) but generally reports have been strong.

With all of the above stuffed in our heads the question is just how much good news is priced in already?

BOTTOM LINE: There's no denying the market's recent strength. However there IS being suspicious of it. While the fundamentals are showing up strong, let's see Let's See was a Canadian television series broadcast on CBC Television between September 6, 1952 to July 4, 1953. The segment, which had a running time of 15 minutes, was a puppet show with a character named Uncle Chichimus (voice of John Conway), which presented each  how the market holds up after Friday's Options Expiration and the first week of the Earnings reports.

Get Adam Oliensis' technical analysis on a daily basis by clicking: http://featuredexpert3bw.zacks.com/

About Zacks Featured Experts

To be a successful investor you need professional advice. Experts who know what they're talking about and can help you achieve your financial goals in good markets...and especially in bad ones will help you improve your portfolio. That is why Zacks Investment Research Zacks Investment Research

A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms.
 has assembled the best investment experts in the business to offer their powerful advisory newsletters to you on all the major investment topics: Stocks, Mutual Funds, Bonds, Options, Futures etc.

Recommendations from Featured Experts Highlighted in FREE Investment Newsletter

The best way to tap into the powerful advice from these experts is through our free weekly e-mail newsletter, "Profit from the Pros". Each week we highlight several Featured Experts in this free e-mail See Internet e-mail service.  newsletter. Get your free subscription to "Profit from the Pros" at: http://www.freeprofit1bw.zacks.com

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 to compile, analyze, and distribute investment research to both institutional and individual investors. The guiding principle behind our work is the belief that investment experts, such as brokerage analysts and investment newsletter writers, have superior knowledge about how to invest successfully. Our goal is to unlock their profitable insights for our customers. And there is no better way to enjoy this investment success, than with a FREE subscription to "Profit from the Pros" weekly e-mail newsletter. For your free newsletter, visit http://www.freeprofitbw.zacks.com

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Business Wire
Geographic Code:1USA
Date:Oct 20, 2003
Words:624
Previous Article:Zacks.com Expert Watch Highlights the Following Stocks: AMC Entertainment, Delta Air Lines, Continental Airlines, Nike, and Merge Technologies.
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