Printer Friendly

PAINEWEBBER ADDS GENERAL MOTORS, BLOCK BUSTER ENTERTAINMENT AND SCHLUMBERGER TO ITS FOCUS LIST

 PAINEWEBBER ADDS GENERAL MOTORS, BLOCK BUSTER ENTERTAINMENT AND
 SCHLUMBERGER TO ITS FOCUS LIST
 NEW YORK, June 11 /PRNewswire/ -- PaineWebber Incorporated announced today that it has added three companies to its group of stocks known as the PaineWebber Focus List. They are General Motors (NYSE: GM), Blockbuster Entertainment (NYSE: BV) and Schlumberger (NYSE: SLB).
 The Focus List is a dynamic, carefully chosen list of no more than 30 select companies that the firm has rated buy or attractive.
 The Focus List uses a method of stock selection designed to maximize growth potential and minimize risk. The 30 stocks that comprise the Focus List are chosen by a committee of senior PaineWebber professionals whose selection criteria combine elements of fundamental, quantitative and technical analysis.
 After a stock is chosen, it is scrutinized daily and is removed from the list when one of two things happens: the PaineWebber analyst downgrades the stock, or the Focus List's proprietary Stop-Loss discipline indicates that the price threshold has been violated.
 General Motors, headquartered in Detroit, is the largest industrial corporation and the largest automaker in the world. Company revenues for 1992 are estimated at $122.2 billion. Company revenues for 1993 are estimated at $138 billion.
 Blockbuster Entertainment, headquartered in Fort Lauderdale, Fla., is the largest factor in the $7.1 billion U.S. video rental market. Company revenues are estimated at $1.1 billion for 1992 and at $1.3 billion for 1993.
 Schlumberger LTD, headquartered in New York City, is a technical leader in the oil service industry. Company revenues for 1992 are estimated at $6.4 billion. Company revenues for 1993 are estimated at $7.3 billion.
 The addition of General Motors and Schlumberger expands the Focus List's exposure to cyclical stocks. The addition of niche retailer Blockbuster Entertainment gives the Focus List an aggressive growth name.
 To receive recent performance data or a complete list of stocks on the Focus List and additional information about those stocks, contact any investment executive at the nearest PaineWebber office.
 PaineWebber Incorporated is one of the nation's leading full-service securities firm with 270 offices and 4,870 Investment Executives worldwide.
 -0- 6/11/92
 /CONTACT: Beverly T. Spano of PaineWebber, 201-902-6775, or Jeffrey Z. Taufield of Kekst and Company, 212-593-2655, for PaineWebber/
 (GM BV SLB) CO: General Motors; Blockbuster Entertainment; Schlumberger LTD ST: New York, Florida, Michigan IN: AUT REA OIL SU:


SH-TQ -- NY059 -- 9320 06/11/92 14:56 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 11, 1992
Words:405
Previous Article:ATLANTA AREA TOYOTA RETAIL TRUCK SALES CLIMB 24 PERCENT IN MAY
Next Article:ABBOTT INFORMED OF FTC COMPLAINT
Topics:


Related Articles
PAINEWEBBER INCORPORATED ADDS WALT DISNEY AND GEORGIA PACIFIC TO ITS FOCUS LIST
PAINEWEBBER ADDS READER'S DIGEST ASSOCIATION TO ITS FOCUS LIST
PAINEWEBBER ADDS INCO TO ITS FOCUS LIST
PAINEWEBBER ADDS SANTA FE PACIFIC PIER 1 IMPORTS AND BANK OF BOSTON TO ITS FOCUS LIST
PAINEWEBBER ADDS GENERAL MILLS AND GENZYME TO ITS FOCUS LIST
PAINEWEBBER ADDS UNION CARBIDE AND WAL-MART TO ITS FOCUS LIST
PAINEWEBBER INCORPORATED ADDS COLGATE-PALMOLIVE TO ITS FOCUS LIST
PAINEWEBBER INCORPORATED ADDS ABBOTT LABORATORIES AND HOUSEHOLD INTERNATIONAL TO ITS FOCUS LIST
PAINEWEBBER INCORPORATED ADDS GENERAL MOTORS TO ITS FOCUS LIST

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters