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Zacks.com Announces that Richard Moroney Highlights the Following Stocks: Ball, Masco, Allstate Corporation, Fisher Scientific, and SunGard Data Systems.


CHICAGO -- The Dow Industrials are being limited by sluggishness amongst some of the market's largest companies. Richard Moroney explains what must happen to reconfirm re·con·firm  
tr.v. re·con·firmed, re·con·firm·ing, re·con·firms
To confirm again, especially to establish or support more firmly: reconfirmed the reservations.
 the bullish primary trend, and then offers several selections from his Buy List. Read about Ball (NYSE NYSE

See: New York Stock Exchange
:BLL BLL Blood Lead Level
BLL Bovis Lend Lease
BLL Business Logic Layer
BLL Buraku Liberation League (Japan)
BLL Billund, Denmark - Billund (Airport Code)
BLL Base Locator for Linkage
), Masco (NYSE:MAS), Allstate Corporation (NYSE:ALL), Fisher Scientific Fisher Scientific, formally Fisher Scientific International, Inc. and colloquially Fisher was a biotechnology company that provided products and services to the global scientific research and United States clinical laboratory markets.  International Inc. (NYSE:FSH FSH follicle-stimulating hormone.

FSH
abbr.
follicle-stimulating hormone


Facioscapulohumeral muscular dystrophy (FSH) 
), and SunGard Data Systems Inc. (NYSE:SDS 1. (company) SDS - Scientific Data Systems.
2. (tool) SDS - Schema Definition Set.
). Richard Moroney is editor of the Dow Theory Dow Theory

A theory which says the market is in an upward trend if one of its averages (industrial or transportation) advances above a previous important high, it is accompanied or followed by a similar advance in the other.
 Forecasts newsletter. Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84

Here are the highlights from the Featured Expert column:

Divergence continues, with the Dow Transports surging to five-year highs and the Dow Industrials miring in a trading range Trading Range

The spread between the high and low prices traded during a period of time.

Notes:
When a stock breaks through or falls below its trading range after several days of trading in a range, it usually means there is momentum (positive or negative) building.
. Under the Dow Theory, a close above the February high of 10,737.70 in the Industrials is necessary to reconfirm the bullish primary trend.

A close below 9814.59 in the Industrials would be discouraging, especially if such a breakdown comes amid a reversal in the broad market. But, with the Transports reaching significant highs, points have not been established for a bear-market signal. For the Dow Theory to shift into the 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 
 camp, the Transports will need to begin charting a pattern of lower lows.

The Industrials have been hurt by shortfalls at Merck and Coca-Cola, and the giant blue chips that dominate the Industrials have been out of favor. The capitalization-weighted S&P 500 Index, with 37% of its value in the largest 25 companies, has also been unable to close above its February high.

What to do now

Look to buy reasonably valued stocks supported by solid operating momentum, and be quick to sell stocks with extended valuations or poor Quadrix scores. Attractive buys include Ball (NYSE: BLL) and new recommendation Masco (NYSE: MAS).

Other stocks on the Buy List include:

Allstate Corporation's (NYSE: ALL) business is conducted principally through Allstate Insurance Company, Allstate Life Insurance Company and their subsidiaries. Allstate is engaged, principally in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and Canada, in the personal property and casualty insurance business and the life insurance and savings business.

Fisher Scientific International Inc. (NYSE: FSH) is a world leader in serving science. Its activities are primarily focused in the following areas: the global manufacturing, distribution and sourcing of laboratory equipment, supplies and related consumables, and the use, provision and installation of global integrated e-commerce procurement technology and related services for research and analytical testing, healthcare, science education and occupational safety.

SunGard Data Systems Inc. (NYSE: SDS) is a global leader in integrated information-technology solutions and eProcessing for financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
. The company is also the pioneer and a leading provider of high-availability infrastructure for business continuity.

Read all of Richard Moroney's commentaries, and make sure to take a look at his complete Buy List, by clicking: http://at.zacks.com/?id=85

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://at.zacks.com/?id=86

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://at.zacks.com/?id=87

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 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Oct 12, 2004
Words:776
Previous Article:Zacks.com Announces that Vivian Lewis Highlights the Following Stocks: AXA, Sanofi, Tenaris, Norsk Hydro, and Amdocs.
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