Featured Articles From S&P Personal Wealth.NEW YORK--(BUSINESS WIRE)--May 14, 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: "April CPI Report Increases Risk of Tightening Bias by Fed" http://www.personalwealth.com The April Consumer Price Index (CPI) rose 0.7% overall, while the core (ex-food and energy) rate was up 0.4%, much stronger than expected. Standard & Poor's MMS (Multimedia Messaging Service) An enhanced transmission service that enables graphics, video clips and sound files to be transmitted via cellphones. Developed as part of the 3GPP project, MMS phones are generally backward compatible with SMS and EMS. says while the data increases the risk that the Fed shifts to a tightening bias as soon as next Tuesday's Federal Open Market Committee meeting, it still believes the chances are less than 50-50 at this point. One month's data is not expected to be enough to tip the balance at this point. MMS suspects that the Fed will show continued patience for now, but notes that unless there are signs of slowing in the economy, and/or some of these price trends reverse, we could see a tightening bias by the June FOMC See Federal Open Market Committee. FOMC See Federal Open Market Committee (FOMC). . "S&P Reiterates Hold on Nordstrom Shares" http://www.personalwealth.com/prn04 Standard & Poors reiterated its 3 STARS (neutral) recommendation on shares of Nordstrom Inc. (Nasdaq:NOBE NOBE Notice of Basic Eligibility (GI Bill) ) after the company posted first quarter earnings per share of $0.22 versus $0.21, $0.02 below expectations, on 5% fewer shares and 2.6% lower same-store sales. Analyst Karen Sack says while lower inventory levels and greater full-price selling increased gross margin, other expense ratios were higher. She notes that NOBE is making major changes in its merchandise management structure, which could be disruptive in the near term, and is also implementing new information technology. 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. "Caribiner International Posts Flat 2nd Quarter Earnings, Sees Weak 2nd Half" http://www.personalwealth.com/prn03 Caribiner International (NYSE NYSE See: New York Stock Exchange :CWC CWC Chemical Weapons Convention CWC Cricket World Cup CWC Central Wyoming College CWC Ceylon Workers' Congress (trade union; Sri Lanka) CWC Ceylon Workers Congress (Sri Lanka) ) posted $0.16 versus $0.16 second quarter earnings per share despite 8.7% lower revenues. The company expects net income for the rest of the year to be substantially below forecasts and hired Salomon SB to review its strategic alternatives. Other stocks featured in this morning's MarketMovers include Iridium World Communications (Nasdaq:IRID IRID Idaho Registry of Interpreters for the Deaf ), Pacific Gateway Exchange (Nasdaq:PGEX), Boeing Co. (NYSE:BA), Ralston Purina (NYSE:RAL), Gillette Co. (NYSE:G), Wells Fargo (NYSE:WFC), 3Com Corp. (Nasdaq:COMS COMS 3Com Corporation (stock symbol) COMS Certified Orientation and Mobility Specialist COMS Continuous Opacity Monitoring Systems COMS City of Manchester Stadium (UK) ), and ACTV ACTV Active ACTV Activate ACTV Azienda del Consorzio Trasporti Veneziano (Venice Public Transport Company, Italy) ACTV Advanced Compatible Television Inc. (Nasdaq:IATV). S&P Personal Wealth (www.personalwealth.com) is the award winning service created specifically for individual investors by Standard & Poor's. Investment management features include personalized portfolio recommendations; buy, sell, and hold alerts; free real-time quotes, live market commentary; and in-depth analysis and research on companies and funds from hundreds of Standard and Poor's Noun 1. Standard and Poor's - a broadly based stock market index Standard and Poor's Index analysts worldwide. S&P Personal Wealth, recently described as "...easily the best one-stop shopping site for investors.." by Money.com, can also be reached through leading on-line service partners such as AOL, Netscape, Lycos, Quicken / Excite, ABCNEWS.com, Hearst HomeArts, and Mindspring. |
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