Dennis Slothower Recommends the Following Stocks: Staten Island Bancorp, Inc. and The Rouse Corporation.
CHICAGO--(BUSINESS WIRE)--Aug. 1, 2003
The stage is set for a strong rally in August, and Dennis Slothower can show you how to rise with the trend through his market analysis and two brand new recommendations. Learn about Staten Island Bancorp, Inc. (NYSE:SIB) and The Rouse Corporation (NYSE:RSE). Click here for the full story exclusively on Zacks.com: http://featuredexpert2bw.zacks.com/
Here are the highlights from the Featured Expert column:
Dennis Slothower has argued and still argues that the primary trend is bullish. He can't say when this situation will change, but as he reads the market, the trend is still favorable, at least for now. Dennis' objective is to rise with the trend. He wants to be invested when the cycles are in his favor and defensive when a downtrend develops.
Dennis believes the market has just been biding its time for an economic recovery to begin. The bears are afraid to get too bearish, shorting the stock market, etc., when they see the Federal Reserve promoting economic expansion. Since the war began, the Fed has injected a massive amount of liquidity into the economy and this should now start to show up in the economy.
Staten Island Bancorp, Inc. (NYSE:SIB) is the bank holding company for SI Bank and Trust, which operates full-service branches in NY and NJ. For the six months ended 6/30/03, interest income fell 1% to $192.1 million. Net interest income after LLP rose 10% to $103.5 million. Net income rose 66% to $50.9 million.
The Rouse Corporation (NYSE:RSE) is a REIT engaged in the ownership, management, acquisition and development of income-producing and other real estate. For the three months ended 3/31/03, revenues rose 27% to $283 million. Net income applicable to Common and from continuing operations rose 35% to $16.8 million.
Read Dennis Slothower's complete market commentary, and don't miss out on another of his new stock recommendations by clicking: http://featuredexpert3bw.zacks.com/
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|Date:||Aug 1, 2003|
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