SHREVEPORT, La., Nov. 12, 2004 (PRIMEZONE) -- Stock-Letter-Daily.Com (http://www.stock-letter-daily.com -- an affiliate site of StockPickReport, the web's only non-mainstream stock rating service), rates Nortel, Wal-Mart, Conexant Systems Inc. and Verizon Communications Inc.
STOCKPICKREPORT RATINGS: Nortel (NYSE:NT) -- BUY http://www.stock-letter-daily.com/rating.asp?format=single&ticker=NT Wal-Mart (NYSE:WMT) -- WEAK BUY http://www.stock-letter-daily.com/rating.asp?format=single&ticker=WMT Conexant Systems Inc. (Nasdaq:CNXT) -- BUY http://www.stock-letter-daily.com/rating.asp?format=single&ticker=CNXT Verizon Communications Inc. (NYSE:VZ) -- WEAK BUY http://www.stock-letter-daily.com/rating.asp?format=single&ticker=VZ
STOCK COMMENTARY:
Friday, November 12, 2004 StockPickReport Commentary
Feels Like One of Those Weekends
The S&P is just surging higher. The yearly highs are behind us now -- and that's a psychological victory. So, what lies ahead?
You know we are bullish "long term" (12 months out) and always cautionary "short term" (a week to a month out). But the VERY short term (read: tomorrow) seems like a potential rocket ride.
Call it a hunch, but we think Friday could be a big, strong move for the markets. Conventional wisdom calls for a pull back. Weekends are not usually a great time to "go long", anyway. Yet, it just feels like a strong move ahead.
We'll know more by the close!
If you have any questions or comments, please email us at don@strikefriday.com.
For More Commentary Go Here:http://www.stock-letter-daily.com/index.htm
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If the links to our ratings above do not work, please use these:
Nortel (NYSE:NT) -- BUY http://www.stockpickreport.com/rating.php?sym=NT Wal-Mart (NYSE:WMT) -- WEAK BUY http://www.stockpickreport.com/rating.php?sym=WMT Conexant Systems Inc (Nasdaq:CNXT) -- BUY http://www.stockpickreport.com/rating.php?sym=CNXT Verizon Communications Inc (NYSE:VZ) -- WEAK BUY http://www.stockpickreport.com/rating.php?sym=VZ