SHREVEPORT, La., June 3, 2005 (PRIMEZONE) -- StockPickReport.Com (IARD #119079, http://www.stockpickreport.com -- the web's only non-mainstream stock rating service), rates SPDR Trust, Apple Computer Inc., Sanmina-SCI Corporation and Viacom Inc.
STOCKPICKREPORT RATINGS:
SPDR Trust (AMEX:SPY) -- WEAK BUY
http://www.stockpickreport.com/abrating.php?sym=SPY
Apple Computer Inc (Nasdaq:AAPL) -- WEAK BUY
http://www.stockpickreport.com/abrating.php?sym=AAPL
Sanmina-SCI Corporation (Nasdaq:SANM) -- WEAK BUY
http://www.stockpickreport.com/abrating.php?sym=SANM
Viacom Inc. Non-vot B (NYSE:VIA) -- SELL
http://www.stockpickreport.com/abrating.php?sym=VIA
Friday, June 3, 2005 StockPickReport Commentary Neil Batho, Columnist
Gold had a big rally today gaining $5.70 for the yellow metal to close at $421... This is not surprising seeing as how the Dutch voted down the EU Constitution. So, gold is back in favor as a global currency once again.
Not only that, but "GLD" had about triple the normal volume today. The gold bugs appear to be back... and this time it's a falling Euro that's helping. Since gold is denominated in US dollars, it was a falling US dollar that helped the rising price of gold the past few years.
However, this is not the only correlation. There is a human factor too - the one that is worrisome about the Euro and that there in only one other "global" paper currency -- the US dollar. However, there is another currency -- gold. So, why not go with what works? Over the past few years some gold bugs have been calling for gold to reach over $1000.00. We don't know for sure - but we do know that "GLD" is at an excellent place to buy and looks very poised to continue up from here.
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If the links to our ratings above do not work, please use these:
SPDR Trust (AMEX:SPY) -- WEAK BUY
http://www.stockmonthly.com/SPY-Stock-Research.htm
Apple Computer Inc (Nasdaq:AAPL) -- WEAK BUY
http://www.stockmonthly.com/AAPL-Stock-Research.php
Sanmina-SCI Corporation (Nasdaq:SANM) -- WEAK BUY
http://www.stockmonthly.com/SANM-Stock-Research.php
Viacom Inc Non-vot B (AMEX:VIA-B) -- SELL