MaverickTrader.Com Announces Investment Opinion.
NOTE TO EDITORS: The following is an investment opinion issued by
SHREVEPORT, La.--(BUSINESS WIRE)--July 26, 2001
Don Harrold, President of http://www.MaverickTrader.Com stated, "Action of the back and forth variety has provided a lot of false starts and diminished hopes for a Summer rally. The action today was a little more encouraging, and we anticipate some follow through Friday as investor psychology appears to be overly pessimistic."
MaverickTrader.Com adds that recent earnings reports that have been either better than expected or in-line with estimates should bode well for the following stocks: GoTo.com (Nasdaq:GOTO), Xerox (NYSE:XRX), Brooks Automation (Nasdaq:BRKS), Vignette (Nasdaq:VIGN), and Schering-Plough (NYSE:SGP).
Dewey Burchett stated, "Earnings next quarter will probably stink, but we believe 2 to 3 quarters from now corporate profits will begin to improve with lower interest rates. With that said, it is important to remember that the stock market is a leading indicator, and prices will turn before the fundamentals."
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|Date:||Jul 26, 2001|
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