Zacks.com Announces that Richard Rhodes Highlights the Following Stocks: Nordstrom, Nokia, Plantronics, Sony, and Colgate-Palmolive.Business Editors CHICAGO--(BUSINESS WIRE)--March 29, 2004 Although Thursday's rally was an 'eye catcher,' one positive day of trading isn't enough to change Richard Rhodes' position. Take a look at some current and potential trading positions from this expert while we wait for the market to show more of its hand. Read about Nordstrom, Inc. (NYSE NYSE See: New York Stock Exchange :JWN JWN Nordstrom, Inc. (stock symbol) ), Nokia (NYSE:NOK NOK In currencies, this is the abbreviation for the Norwegian Krone. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), Plantronics, Inc. (NYSE:PLT PLT psittacosis-lymphogranuloma venereum-trachoma (group); see Chlamydia. PLT psittacosis-lymphogranuloma venereum-trachoma (group). ), Sony Corporation (NYSE:SNE SNe Supernovae (astronomy) SNE Sony Corporation (stock symbol) SNE Syndicat National de l'edition (French Publisher's Association) SNE Society for Nutrition Education ), and Colgate-Palmolive (NYSE:CL). 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: Thursday's rally was certainly an "eye catcher." But when Richard Rhodes Richard Lee Rhodes (b. July 4, 1937) is an American journalist, historian, and author of both fiction and non-fiction (which he prefers to call "verity"), including the Pulitzer Prize-winning The Making of the Atomic Bomb (1986), and most recently, steps back and looks at this, he is obviously concerned, but only in so much that he wants to see more than one-day of sharp up moves to move him from a short to a long position. Rhodes would consider this a "blowoff Blowoff A term in technical analysis that refers to a sharp price increase that comes after a long period of price appreciation, and is followed by a fall in the price. A blowoff is seen as a rally's last breath and is a highly bearish sign. ," and would likely become buyers; and thus conversely - he would like to see if market participants The term market participant is used in United States constitutional law to describe a U.S. State which is acting as a producer or supplier of a marketable good or service. When a state is acting in such a role, it may permissibly discriminate against non-residents. did "spend their last dollar" during Thursday's rally. Hence, Rhodes simply watches and waits - his indicators are oversold Oversold In technical analysis, it is a market in which the volume of selling that has occurred is greater than the fundamentals justify. Notes: It is the opposite of overbought. in some cases, and not in others; therefore he is reluctant to make a decision based on one day's trading. Trading Positions The shares below are issues in which Rhodes currently holds a position. Nordstrom, Inc. (NYSE:JWN) is one of the nation's leading fashion specialty retailers, with stores located in a number of states. Nokia (NYSE:NOK) is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed and IP networks. Plantronics, Inc. (NYSE:PLT) is a leading designer, manufacturer and marketer of lightweight communications headsets and headset Headphones combined with a microphone. Used in call centers and by people in telephone-intensive jobs, headsets provide the equivalent functionality of a telephone handset with hands-free operation. Many people use headsets at the computer so they can converse and type comfortably. accessories and services. In addition, the company manufactures and markets specialty telephone products. StockWatch Waiting Room The shares below are issues Rhodes is interested in adding in Trading Positions, but is "waiting" for further appropriate technical evidence in order to trade with a high degree of confidence. Sony Corporation (NYSE:SNE) develops and manufactures consumer and industrial electronic equipment. The Company's products include audio and video equipment, televisions, displays, semiconductors, electronic components, computers and computer peripherals, and telecommunication equipment. Colgate-Palmolive (NYSE:CL) is a leading global consumer products company. Colgate sells its products in countries and territories around the world Read Richard Rhodes' complete capital market commentary, and take a look at all of his trading positions and his stockwatch waiting room 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. |
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